IT Spend in Derivatives to Soar; Pricing and Analytics a Key Driver
It will come as no surprise to learn that Wall Street made more money from derivatives products and structured instruments in the first quarter of 2006 than ever before. Into the growing hype about derivatives wades TowerGroup this month, with a raft of reports on the subject, including predictions of annual growth rate in derivatives...
Principia Adds S&P Structured Finance Evalutions
Principia has added Standard & Poor’s Securities Evaluations structured finance evaluated pricing service to its Principia Structured Finance Platform. The addition is aimed at enhancing the platform’s cross-asset monitoring, end-of-day processing and risk management capabilities.
Thomson Financial Jumps into Bond Evaluations; Adds Standard & Poor’s Data to Intraday Snapshot
Thomson Financial is set to add Standard & Poor’s European bond valuations data to the intraday pricing feed it launched late last year. The move – which is to be announced as early as the first week in July – adds yet another player to the bond valuations marketplace, currently dominated by Interactive Data Corp.,...
FT Interactive Data Adds CDS Index Trade Valuations
Interactive Data Corp.’s FT Interactive Data subsidiary has added credit default swap index trades to the range of derivatives valuations it provides through its new relationship with Markit Group. FT Interactive Data’s new CDS index valuation service provides independent valuations of CDS trades linked to the Dow Jones CDX and iTraxx indices through an add-on...
Reuters Expands DataScope’s Fixed Income Evaluated Pricing Service
Reuters has expanded its Reuters DataScope Fixed Income evaluated pricing service to include 12 new currencies from Europe, Africa, Asia and emerging markets. The new currencies are: Danish Krone, Swedish Krona, Norwegian Kroner, Iceland Krona, Hungarian Forint, Polish New Zloty, Czech Koruna, Slovak Koruna, Russian Rouble, Turkish Lira, South African Rand, and Japanese Yen.
Standard & Poor’s Raises Bar On Intraday Evaluations Data
Standard & Poor’s has upped the ante in the European pricing evaluations space by introducing five intraday pricing updates per day covering the complete universe of European securities. The move drives up the level of competition with dominant provider IDC, which provides end of day updates, and Reuters, which currently provides three daily updates, but...
Markit Buys Automated Trade Processing in Communicator Acquisition
Markit Group has acquired Communicator, a New York-based provider of automated systems for OTC derivatives trade processing. The deal will enable Markit to combine its pricing data and valuations in credit, equity, OTC derivatives and structured finance with Communicator’s automated trade processing systems. The transaction will provide clients with enhanced trading and risk management capabilities...
Bloomberg Adopts Stealth Approach to Add Evaluated Pricing Service to Data Arsenal
Acknowledging its lack of reliable pricing data for illiquid securities, Bloomberg is quietly building a team of analysts in preparation for a product launch in the pricing evaluations business. The move follows the lead of long-time evaluations provider Interactive Data Corp. (FT Interactive Data) and recent moves by Reuters, Standard & Poor’s and others, and...
Loan Market Association Selects Markit to Deliver European Data
The Loan Market Association (LMA) has selected Markit Group to provide its members with European loan prices. The new pricing service, freely available to LMA members via a dedicated page on Markit’s website, will provide close to 6,000 loan prices daily, drawn from price contributions from over 40 leading market-makers in Europe, North America and...
Mark to Market Launches Derivatives Valuations Service
A newly formed company, Mark to Market, is introducing an independent real-time valuation service for financial products from cash loans and deposits through to complex derivatives. The m2m online service has been launched in response to the recent developments in accounting and reporting requirements, in particular the International Accounting Standard 39 (IAS39) and U.S. Financial...