Fair Value Accounting Debate Continues in US House of Representatives
The ongoing debate about mark-to-market accounting has taken another turn, as the chairman of the US House of Representatives Financial Services Committee, Barney Frank, suggested earlier this week that the industry needs more flexibility in the area of valuations. He told the meeting that he currently has no plans to legislate accounting practices or to...
American Bankers Association and SEC Discuss Fair Value Accounting
The American Bankers Association (ABA) is currently engaged in discussions with the Securities and Exchange Commission (SEC) regarding fair value accounting under the current market conditions. The two bodies are conducting the talks during two scheduled roundtable discussions this week. Aubrey Patterson and Randy Ferrell, both representatives from the ABA, have voiced concerns over the...
TSE and Markit Sign Cooperation Agreement for Potential Valuations JV
Tokyo Stock Exchange Group (TSE Group) and Markit Group have signed a cooperation agreement, under which the two parties will work together to examine the feasibility of potential business alliances for areas including valuations and indices. The memorandum of understanding, which was signed on 28 October, includes the foundations for the establishment of a joint...
NumeriX Releases Version 7.2 of its Solution, Expands Model Coverage
NumeriX has upgraded the platform underlying its solutions by introducing new functionality and greater model coverage. According to the provider of cross asset analytics for derivatives and structured products, NumeriX 7.2 includes additional capabilities for all asset classes covered and new models and functions for credit, inflation and hybrid derivative products. The new NumeriX 7.2...
Moody’s Enhances CreditQuotes Pricing, Data and Valuation Service with Credit Risk Measures
Moody’s Analytics has enhanced its CreditQuotes pricing, data and valuation service with credit risk measures from throughout Moody’s. The new CreditQuotes credit dashboard is aimed at enabling fast and effective analysis of debt and credit derivative instruments for relative value and risk management purposes, says the vendor. The CreditQuotes credit dashboard pairs market-based credit risk...
Banque de Luxembourg Implements Aim Software’s Golden Master Solution
Banque de Luxembourg (BDL) has decided to implement Aim Software’s flagship Golden Master solution, with a view to optimising the delivery of validated pricing data and static data from Telekurs, Bloomberg and Wertpapiermitteilungen (WM) into Avaloq. Josef Sommeregger, head of business development and sales at Aim, explains the details to Reference Data Review. In the...
Standard & Poor’s Launches New Business Line for Due Diligence Around Pricing
Standard & Poor’s has launched a new business line aimed at helping investors perform due diligence on the financial instruments in their portfolios, including enhanced analytics and context around asset pricing. The new business, which has been dubbed Fixed Income Risk Management Services (Firms), combines several previously separate business and product lines under a unified...
GFI Group and Thomson Reuters Extend Agreement to Cover Reuters Datascope Real-Time
GFI Group and Thomson Reuters have extended their existing data agreement, which has been in place since 2003, to incorporate Reuters Datascope Real-Time (RDRT). This means that Thomson Reuters customers may now subscribe to GFI market data via RDRT for use in algorithmic trading, risk management, portfolio pricing and valuations. The agreement covers GFI credit...
NumeriX and R2 Financial Technologies Partner for Cash and Synthetic Credit Instrument Valuations
NumeriX, a provider of analytics for the derivative and structured products markets, and R2 Financial Technologies, a provider of solutions for pricing and risk profiling structured credit strategies, have teamed up to develop a solution aimed at enabling the pricing and valuation of cash and synthetic credit instruments. According to both vendors, the NxR2 solution...
BNY Mellon Picks GFI Fenics FX for Pricing Services in NYC, London and Tokyo
Bank of New York Mellon has signed a three-year license for GFI Fenics FX, pricing and risk management software from GFI Group, for use in its offices in New York, London and Tokyo. The banking and asset management firm says it will primarily use GFI Fenics FX for central pricing and risk management and global...