About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Interactive Data’s Ian Blance Takes OTC Derivatives Valuations Experience to OTC Val Strategic Sales Role

Subscribe to our newsletter

Vancouver-based provider of independent valuations for derivatives and complex products OTC Valuations Limited (OTC Val) has marked a concerted push into the European marketplace and an ambition to grow worldwide with the hire of Ian Blance, recently ex of Interactive Data (Reference Data Review @ FIMA, November 5 2007), as vice president of strategic sales. Blance will be responsible for driving business development for OTC Val globally.

Blance spent 12 years in a variety of senior roles in Interactive Data’s Fixed Income Evaluations business in London and New York. He played a key part in spearheading Interactive Data’s extension of its evaluations franchise into the OTC derivatives arena, in line with the growing demand from clients for independent prices for these asset classes. (For more on Interactive Data’s strategy for derivatives pricing see Value for money?, A-Team IQ, Q3 2007.)

OTC Val was founded last year (Reference Data Review, September 2007) and launched a service for primary, secondary and tertiary valuations for both vanilla and exotic derivative instruments. OTC Val also planned to target white-label relationships with data vendors and fund administrators. The vendor joined an increasingly crowded marketplace on the supply side – but at a time when (in the early throes of the sub-prime crisis) the demand for independent prices for complex instruments was recognised to be growing rapidly.

Bob Sangha, managing director at OTC Val, said the plan was to target “a unique, niche market around structured products”: essentially to fill “a significant gap in the area of illiquid structured products, due to the unique nature of the products”. At the heart of the OTC Val service is a system that automates the typically manual process of pricing derivatives.

Commenting on his new appointment, Blance says: “The development of independent valuations of derivatives has struggled to keep up with (the market’s) growth and the recent market turmoil only highlights the need for a robust and objective source.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

The US Litigation Paradox: Why Passive Participation is the Key for European Asset Managers

In the second blog of our series on securities litigation claims, we look at how the complexity of fragmented legal jurisdictions globally often deters European asset managers from getting involved in litigation and argue that the simplicity of the US system may mean participation is easier than many European firms are aware of. Access the...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Directory of MiFID II Electronic Trading Venues 2018

The inaugural edition of A-Team Group’s Directory of MiFID II Electronic Trading Venues 2018 offers a guide to the European landscape resulting from new market structure introduced by the January 3, 2018 implementation of Markets in Financial Instruments Directive II (MiFID II). The directory provides detailed profiles of more than 70 venue operators and their...