Telekurs’ Pricing Deal with Exchange Systems Technology
Telekurs (U.K.) is making its delayed prices on equities, bonds and deriva-tives available via Exchange Systems Technology, an IT service provider for clearing and settlement operations. The deal will provide EST’s clients with intra-day valuations in their back office environment, including for valuing collateral holdings for risk management. The data will be made available to...
Markit Signs Up Spanish Grupo BBVA
Markit has secured Spanish Grupo BBVA as a client for its Markit Red database of reference entity names and codes for credit default swaps. Juan Fernandez Blasco, head of trading at Grupo BBVA, says, “The need for precise reference entity data in the CDS market led us to sign a contract with Red… It will...
FT Interactive Data Reports Growth of Fair Value Information Service
FT Interactive Data, subsidiary of Interactive Data Corp., reports that it now has 108 mutual fund and mutual fund processing clients subscribing to its Fair Value Information Service, compared with 34 firms subscribing this time last year. The Fiar Value Information Service provides a tool to assist U.S. mutual fund companies in meeting their legal...
Mark-it Partners Rebrands Acquired Businesses Under ‘Markit’ Banner
Mark-it Partners, provider of a daily pricing service for global credit derivatives, cash credit instruments, and syndicated loans, has rebranded to become Markit. The rebranding will be adopted by all products and follows the integration of several acquisitions over the course of the year. LoanX becomes Markit Loans; Totem becomes Markit Valuations; DaDD becomes Markit...
Asset Control Interfaces to Swiftnet
Asset Control last month introduced Swiftnet functionality to its data management services. The functionality will enable Swiftnet users to aggregate data, such as corporate actions and vendor-provided market data delivered over that network into the AC Plus survey, alongside other data sources, in both industry standard and proprietary formats. It will also simplifies the process...
Cusips Adopted as Numbering Scheme In New Syndicated Loan Service
The Loan Syndications and Trading Association (LSTA) has teamed up with Standard & Poor’s to launch a new service that provides Cusip and Cusip-based ISIN numbers along with core descriptive data for syndicated loan deals and facilities. Currently the syndicated loan market uses different IDs to represent in the same credit in proprietary systems used...
SVC Contracts with Telekurs for International Pricing Data
Securities Valuation Corp. (SVC) has gone live with securities pricing information sourced from Telekurs (USA), which it will offer alongside its own pricing data to direct clients and to customers of parent Financial Models Corp. (FMC). The deal is a useful win for Telekurs (USA) and follows recent moves to gain better leverage from the...
S&P Becomes Preferred Data Supplier To GIS’s Fund Accounting Software
Standard & Poor’s has secured a deal as the preferred data provider for Global Investment Systems’ MFACT fund accounting and administration system aimed at the mutual fund processing market. This is an expansion of an existing deal which adds S&P’s taxable corporate bond pricing for all asset types, including mortgage-backed securities CMO’s and asset backed...
Deutsche Bank Taps Cicada, DSL for Global Know Your Client Compliance Project
As part of its global reference data management initiative, Deutsche Bank has contracted with Cicada Cos. to provide advisory and cleansing services to ensure compliance with Know Your Client (KYC) regulatory requirements. The German bank has adopted a risk-based approach to KYC compliance, which it believes has yielded many operational efficiencies and benefits as a...
Mark-it Partners Teams with eClerx For Risk Benchmarking
Mark-it Partners has formed an alliance with eClerx, a Mumbai, India-based provider of data and risk analysis, to offer joint clients risk benchmarking services using Mark-it credit and RED data. Under the deal, eClerx will have access to Mark-it Partners’ data on a daily basis, allowing it to benchmark a firm’s position risk to Mark-it’s...