Data Management Insight Blogs The latest content from across the platform
More Ratings Regulations Progress in US with House Financial Services Committee Vote
This week more progress has been achieved in the US with regards to the regulatory crackdown on credit ratings agencies: the House Financial Services Committee has thrown its support behind the bill to increase oversight of this corner of the market. The bill, which was first proposed by Paul Kanjorski, chairman of the House subcommittee…
First Derivatives Acquires Reference Data Factory for US$10m
It has certainly been a confusing year for clients and staff at New York-based reference data management solution vendor Reference Data Factory (RDF). Not only were they subjected to a demerger with data management consultancy LakeFront Data Consulting in January, they are now have an entirely new management team from First Derivatives to contend with….
Formicary Adds Focus on Back Office Requirements to Pricing Verification Solution
Technology integration solution vendor Formicary has released the latest version of its price verification solution, RiskSeer, with a view to improving its offering for the back office as well as those users in the front office. The vendor has traditionally pitched its solution at consumers of market data focused on pricing in the front office…
Interactive Data Extends Its Interest Rate Swap Valuation Service
Interactive Data Corporation’s Pricing and Reference Data business has broadened the capabilities for its interest rate swap valuation service. This service assists clients by providing information they can use to help efficiently value their portfolios containing these OTC derivatives. The service now covers Canadian dollars and New Zealand dollars. It has also been expanded to…
Markit and DTCC Link up to Create Comprehensive Solution for Syndicated Loan Trades
Markit and the Depository Trust & Clearing Corporation (DTCC) today announced plans to bring together key services for the loan market in order to offer a comprehensive solution for the processing of syndicated loans. The initiative aims to increase efficiency and help reduce counterparty and operational risk in the multi-trillion dollar syndicated loan market. DTCC…
Fiserv’s Third Quarter Results Down on Last Year, Vendor Focusing on Asset Management Community for Corporate Actions Solution
Fiserv has just released its figures for its third quarter results and it seems revenues are significantly down on last year: total revenue for the period was US$992 million compared with US$1.04 billion in 2008. However, although it has also been a quiet year for the vendor on the corporate actions solution side of the…
Fitch Solutions Partners with Pricing Partners on CDS Data Distribution
Fitch Solutions, a division of the Fitch Group focusing on the development of fixed income products and services, and Pricing Partners, an independent valuation, today announced a strategic partnership allowing users of Pricing Partners’ Price-it Solution with Fitch Solutions market data license to access seamlessly Fitch Solutions’ market data on OTC credit derivatives. The partnership…
FTSE Group Extends Implementation of XSP v5 Corporate Actions Platform to Hong Kong
Following its rollout in both London and New York last year, FTSE Group has gone live with the XSP v5 Corporate Actions platform in a new location: Hong Kong. The corporate actions processing platform now covers the indices provider’s Asian operations and Neil Sheppard, managing director and chief operating officer of EMEA for XSP, reckons…
Issuers’ Group Campaigns for Regulators to Reduce their Reliance on Ratings
Ratings agencies are really getting a battering from all sides this month. Not only is the banking sector and the regulators scrutinising their every move, now issuers have added their two pennies’ worth to the debate. This week, issuer association EuropeanIssuers indicated that it believes references to credit ratings should be completely removed from European…
Aim Software’s Sommeregger Talks up CetrelSecurities Partnership
Following the signing of a partnership with Luxembourg-based, application service provider (ASP) specialist CetrelSecurities earlier this year, data management solution vendor Aim Software has acquired its first joint customer in the Luxembourg market. Josef Sommeregger, vice president business development and sales at Aim Software, explains that the joint offering is aimed at netting the vendor…