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DTCC Posts Data Industry Will Use to Increase Clearing of Credit Derivatives
The Depository Trust & Clearing Corporation (DTCC) announced today that it will post this evening on its website, www.dtcc.com, data compiled from CDS trades registered in DTCC’s Warehouse Trust Company LLC at the request of market participants who will use it to assess which of the various single reference entities might have sufficient liquidity to…
BNY Mellon’s Ingle Discusses the Data Challenges Inherent in the Derivatives Market Reform Process
The regulatory community is hell bent on increasing transparency into the derivatives market by any means necessary, including forcing OTC instruments to be cleared via central counterparties (CCPs) and requiring firms to report more data to new trade repositories. Reference Data Review speaks to Steve Ingle, derivatives product manager at BNY Mellon Asset Servicing, to find out…
Dans Le Port d’Amsterdam
Earlier this month, Swift released its programme for the conference behemoth that is Sibos, this year to be held between 25 and 29 October in Amsterdam. The industry owned financial network operator has indicated that it will be focusing on the three Rs it believes to be the most important to the market at the…
DTCC’s Childs and Thieke Discuss GCA VS Upgrade Milestones for 2010
Along with the barrage of other corporate actions vendor updates this week, the Depository Trust & Clearing Corporation (DTCC) announced that it has added data on scheduled payments on around 2.4 million bonds held by the Fed to its Global Corporate Action Validation Service (GCA VS). The corporate actions data cleansing vendor is also currently…
LSE Adds Yet More to its UnaVista Platform by Adding Support for FIX and XML
The London Stock Exchange (LSE) is certainly keen to add all the bells and whistles necessary to attract the maximum number of customers to its flagship post-trade platform UnaVista. Following the move of its transaction reporting service onto the platform earlier this month, the exchange operator has now added support for FIX and XML standards…
IIF Calls for Set up of International Task Force to Tackle Cross-Border Resolution; Legal Entity Experts Needed
The Institute of International Finance (IIF), which includes members from the world’s largest financial institutions and is headed by chief exec of Deutsche Bank Josef Ackerman, has called for the establishment of a G20 led task force to tackle the issues involved in establishing internationally agreed cross border resolution agreements. The crack team will need…
Netik Adds Another Ex-Deutsche Bank Exec Manaktala to Lead Expansion of Bangalore Operations
Following the exit of former CEO John Wise, former president Colin Close and long serving exec Keith Hale earlier this year, data management outsourcing solution vendor Netik had some serious management shoes to fill and, to this end, has added another ex-Deutsche Bank exec to its ranks in the form of Ishan Manaktala. Manaktala joins…
Interactive Data Delivers Faster Corporate Actions
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced new enhancements to its global Corporate Actions Service. Interactive Data has introduced new technology and internal workflow to deliver comprehensive global corporate actions and related information throughout the day that can help firms with their trading strategies and more effectively…
September 2014 is Revised Deadline for T2S; New Directive Poses Potential Threat
As noted by Reference Data Review earlier this year, the launch of the European Central Bank’s (ECB) Target2-Securities (T2S) project has been delayed by at least a year due to a “longer than expected” development phase. Hugh Simpson, senior advisor to the T2S programme from Bourse Consult, told delegates to last week’s Xtrakter user conference that new…
DTCC Significantly Increases Securities Covered by Global Corporate Action Validation Service
The Depository Trust & Clearing Corporation (DTCC) announced today that it has significantly increased the number of securities in its coverage of corporate actions announced through its Global Corporate Action Validation Service (GCA VS). The GCA VS, a service of DTCC Solutions LLC, provides the largest centralised source of “scrubbed” corporate action announcement information for…