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DTCC Names Gray to Oversee Core Businesses
The Depository Trust & Clearing Corporation (DTCC) has appointed Andrew Gray, a long-time Merrill Lynch & Co veteran, to the new position of managing director, Core Product Strategy and Management. In his new position, Gray will be responsible for overseeing DTCC’s core businesses, including US Clearance and Settlement of equities and fixed income products, Asset…
Valuelink Adds Ex-Paladyne Systems Exec Simmonds as New Head of Sales
Data validation services vendor Valuelink has added ex-Paladyne Systems European regional director, David Simmonds, to its executive team as head of sales. In his new role, Simmonds will be responsible for spearheading the company’s strategic growth by identifying and maximising opportunities to deliver value to new and existing customers, says the vendor. Simmonds was regional…
Harness UK Selects Fincad Analytics for Derivatives Valuations
Fincad, a global provider of financial analytics, and Harness UK today announced that Harness Liquid Macro Fund has selected Fincad Analytics to provide real time derivatives pricing and risk monitoring. Harness uses Fincad Analytics Suite for Excel as its primary desktop derivatives pricing solution for front office applications such as trade evaluation, risk monitoring of…
DST Global Solutions Appoints Head of Risk Solutions for North America
DST Global Solutions, a provider of business solutions and services to the global investment management industry, has today announced the appointment of Edward Dumas to spearhead its Risk Management Solutions in North America. Dumas joins DST Global Solutions from Manzanita Advisors where he served as President and was responsible for the corporation’s strategic focus, customer…
Advent Extends Alliance with Thomson Reuters to Advent Portfolio Exchange Clients
Following its announcement of the signing of an agreement with Advent last month, Thomson Reuters has extended the agreement to cover the buy side software vendor’s Advent Portfolio Exchange (APX) solution. Under the terms of the new agreement, the data vendor will link the portfolio management solution with its global pricing and security reference data…
Aim Software Establishes Regional Office for Benelux in Luxembourg
Aim Software, a European provider of reference data management solutions to the financial industry, today announced that it has opened a subsidiary in Luxembourg to better serve the Benelux market and provide its existing and future customer base with an extended local service. The office opening in Luxembourg together with the strengthening of the activities…
TCS Upgrades Corporate Actions Offering, Bags Three New Customers for Solution
Tata Consultancy Services (TCS) has upgraded the platform underlying all of its capital markets solutions including its corporate actions offering: TCS B?NCS for Corporate Actions. Devesh Gupta, principal consultant for the vendor’s corporate actions solutions, tells Reference Data Review the details of the version five upgrade and its three recent client wins. The main focus…
MSRB Grants Omgeo Approval for Suppression of Paper Confirms for Municipal Bonds
Omgeo, the global standard for post-trade efficiency, today announced that the Municipal Securities Rulemaking Board (MSRB) has issued an interpretive notice regarding Rule G-15, allowing clients to leverage Omgeo inSITE to fulfil their municipal bond confirmation requirements electronically instead of with paper. MSRB Rule G-15 requires that at or before the completion of a transaction…
SunGard to Establish Office in DIFC
SunGard has received a licence to establish an office in the Dubai International Financial Centre (DIFC). SunGard Middle East’s DIFC office will provide a complete range of services including business development, implementation, project management and support, for its expanding customer base. The DIFC office will support SunGard’s expansion in the growing financial services sectors of…
Algorithmics Awarded Patent for Loan Valuation Technology
Algorithmics has received a patent for technology that enables financial institutions to derive fair market values for their loans and other credit related instruments using techniques designed to improve accuracy and transparency relative to current industry approaches. The technology will help banks structure, price, value, simulate and subsequently risk manage their complex loan portfolios in…