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Tullett Prebon’s Humphrey Discusses Details Behind OTC Val Acquisition
Last week, interdealer brokerage firm Tullett Prebon announced it had entered into an acquisition agreement for an undisclosed amount with derivatives valuation services provider OTC Valuations (commonly known as OTC Val). Paul Humphrey, CEO of Tullett Prebon’s Electronic Broking and Information division, explains to Reference Data Review that the acquisition is all part of the firm’s…
Huge Number of Ad Hoc Regulatory Requests is Adding to the Data Challenge, Says BarCap’s Bhattacharjee
Financial services firms are being faced with a huge number of on the hoof ad hoc reporting requirements from the regulatory community and this is putting significant pressure on their data infrastructures, said Kris Bhattacharjee, global head of regulatory policy and reporting at Barclays Capital. He explained to attendees to Thomson Reuters’ roundtable earlier this…
Kinetic Partners Recruits Szylar from RBS, Focuses on Modular Approach to Enterprise Risk Management
Kinetic Partners has added a new face to its team, ex-RBS Portfolio Risk Services MD Christian Szylar, to lead the vendor’s efforts in the risk modelling and valuations space. The vendor has been stepping up its approach to the market by touting its modular approach to risk management as a more practical way to meet…
Innovation Beats Regulation
By Penny Davenport, managing director, and Lansing Gatrell, director, Markit Document Exchange, Markit Group 2010 has carried on where 2009 left off with the spectre of regulation hanging over the financial markets. At the same time, government continues to get bigger, in education and healthcare as well as financial markets, in both the United States…
SIFMA Carries Federal Agency Bond Prices for Free on investinginbonds.com
The Securities Industry and Financial Markets Association announced that it now carries price data for approximately 25,000 federal agency bonds on its investinginbonds.com website. The new data is available via a feed from the Financial Industry Regulatory Authority (FINRA) following an expansion of its Trade Reporting and Compliance Engine (TRACE) to include debt issued by…
13 Vendors Participate in UK FSA’s February Gabriel Liquidity ISV Forum
As noted by Reference Data Review last month, the UK Financial Services Authority (FSA) has pledged to support the data vendor community in adapting to the new regulatory order and, accordingly, has set up an independent software vendor (ISV) discussion group to discuss liquidity risk requirements. The group’s first meeting was held on 16 February…
SEC Continues to Push for Global Accounting Standards, Kicks Off Research into IFRS Implementation
In a move that may allow the practices of the world of pricing and valuations to become more harmonised globally, the Securities and Exchange Commission (SEC) has indicated it is keen for a single set of high quality globally accepted accounting standards to be implemented. To achieve this goal, the regulator has finally begun to…
GBST’s O’Brien Discusses ITG Win, Broker Approach to Corporate Actions Processing and Asian Progress
Following its move into the corporate actions space in November last year, GBST has bagged its first client in the form of agency brokerage and financial technology provider Investment Technology Group (ITG) and has a number of promising prospects in the Asian region poised to sign on the dotted line, says Donal O’Brien, who manages…
SEC Gets on the Soapbox About XBRL and Corporate Actions, Again
Since its decision to mandate the XBRL tagging of financial reports for US firms, the Securities and Exchange Commission (SEC) has been doing its level best to keep the industry apprised of any possible compliance challenges. To this end, this month, the regulator announced yet another event, in the form of a public seminar on…
Handling Electronic Records and Dealing with Risk Management
By Robert Jones, legal consultant at Kroll Ontrack, and John Doherty, litigation partner at Manches What other challenges and benefits might arise when addressing the most effective management of electronically stored information? The Information Commissioner’s Office recently announced new fines to deter breaches of the law in relation to personal, which could see organisations being…