Bloomberg Should Succeed in Evals Business, TowerGroup Says
Bloomberg is likely to enter the evaluations business this year, and when it does make a proper attempt on the market, will probably have “reasonable” success. This is the view of TowerGroup analyst Matt Nelson, who presented the findings of the analyst’s recent report on the providers of evaluated pricing at the recent Technology Solutions...
IDC Awarded Patent for Fair Value Pricing of Financial Assets
Interactive Data Corporation’s Pricing and Reference Data business has been granted a patent by the US Patent and Trademark Office for the fair value pricing of a financial asset. As Reference Data Review went to press, IDC also announced that its Pricing and Reference Data business has been selected by HedgeSpeed Technology – provider of...
DPC Data Supports Perfect Information’s US Business
Perfect Information and DPC Data have formed a partnership to provide enhanced support and services for Perfect Information customers in the US via DPC’s data-related outsourcing services, following a soft launch of its Perfect Search product. Perfect Information, provider of corporate data for investors tracking equity and bond information, as well as corporate updates, is...
Standard & Poor’s Adds IVRS OTC Derivatives Valuations
In line with its strategy to extend its valuations offering into the OTC derivatives area, Standard & Poor’s Securities Evaluations (SPSE) has entered into an agreement with Independent Valuation and Risk Services (IVRS) under which the two companies will provide their valuations to each other’s clients. To date, SPSE has provided its asset-backed securities (ABS)/mortgage-backed...
DSEL Picks FinArch Over GoldenSource for Positions
Daiwa Securities SMBC Europe Limited (DSEL), the UK based investment banking joint venture owned by Daiwa Securities Group and Sumitomo Mitsui Financial Group, has begun the implementation of the Financial Studio finance resource planning software from Financial Architects (FinArch). The implementation of the financial database is the second phase of DSEL’s far reaching project to...
Emirates Bank Deploys Quantifi XL For Structured Credit Pricing
US analytics vendor Quantifi has signed up its first Dubai based client. Emirates Bank has taken Quantifi XL as a front office tool for pricing and analysing structured credit products. Quantifi XL is designed to provide access to pricing and risk analysis of credit products from within Excel, and is targeted at banks, hedge funds,...
Markit Integrates ABSReports Data into ABS Pricing Service
Data and valuations provider Markit Group has acquired ABS deal reporting service ABSReports, and will integrate its performance data into the Markit European ABS pricing service. The integrated offering will bring greater efficiency and transparency to the secondary European ABS market, Markit says. According to Ben Logan, managing director of product development at Markit, a...
Mellon to Provide Independent OTC Derivatives Valuations
Mellon Financial Corporation is to provide to institutional clients through its Asset Servicing group an independent over-the-counter (OTC) derivatives valuation service covering a range of swaps and options. The move comes as regulatory and risk pressures force investors to seek independent valuations, rather than relying entirely on their investment managers or prime brokers. The new...
FT Interactive Data Adds Enhancements to Bank Loan Pricing Service
FT Interactive Data has enhanced its bank loan pricing service, which pro-vides clients with access to independent valuations of syndicated bank loans and now also automates the delivery of refinancing, termination and substantial amendments to loans, as well as the effective date of the change. Bank loan prices are provided by Markit Group and drawn...
Bisys Teams with Markit for Independent Derivatives Pricing
BISYS Alternative Investment Services (BISYS) has entered into an agreement for the independent pricing of complex over-the-counter (OTC) derivatives with Markit Group. The integration of Markit Portfolio Valuations and the BISYS platform enhances the existing relationship between the two companies, which was established in 2004 to strengthen BISYS’ capabilities in the area of credit pricing.