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CPSS and IOSCO Establish Working Group to Monitor OTC Derivatives CCP Progress
The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organisation of Securities Commissions (IOSCO) have set up a working group to review the application of the 2004 CPSS-IOSCO Recommendations for Central Counterparties to clearing arrangements for OTC derivatives. The recommendations, which were developed by the CPSS and the IOSCO…
Icap and Fincad Team up for Fair Value Insight Solution
Icap and Fincad have launched a new solution to address the growing need for increased transparency and independent valuations allowing better liquidity, counterparty and operational risk management. Fair Value Insight is a secure web-based derivatives valuation solution built on Fincad’s industry standard analytics and Icap’s market data. The solution enables corporate treasuries, banks, asset management…
Omgeo Replaces Citi’s Kumar with Beyman on Board of Managers
Omgeo has added Jonathan Beyman, managing director, global head of operations and technology for Citigroup, to its board of managers. He replaces Naresh Kumar, also of Citigroup, who has retired his board position. Beyman’s current role at Citigroup makes him responsible for the operations and technology division supporting Citibank’s global securities and banking, and global…
Catalyst or Bureaucratic Encumbrance?
Does the industry really need a central reference data utility in order to achieve a greater level of standardisation across the market? Should the European Central Bank (ECB) be in charge of leading such a global initiative? Would a commercially focused venture be more successful in this endeavour? These are all questions that have been…
Kedrios Launches EDM Offering for Italian Market with GoldenSource
Kedrios, a SIA-SSB Group company specialising in back office products, services, IT and administration outsourcing for Italian financial institutions, has signed a strategic agreement with GoldenSource Corporation, a global provider of enterprise data management (EDM) solutions, to provide a hosted data management service to banks, investment managers and brokers in Italy. The new service, called…
ECB’s Planned Reference Data Utility is Both Desirable and Plausible, Says EDM Council’s Atkin
Earlier this year, the European Central Bank (ECB) indicated it is seriously considering getting into the reference data world via the establishment of a securities reference data utility. Since the announcement, the idea of a central bank led utility has proved to be a divisive subject for many. However, as Mike Atkin, managing director of…
Tradition Partners with NYSE Euronext’s Prime Source for End of Day Pricing
Tradition, an interdealer broker, has formed a partnership with Prime Source, whereby Tradition will provide end of day pricing of a range of financial products to Prime Source, a NYSE Euronext company. The Prime Source service allows users to access prices and evaluations from different sources, including markets, dealer contributions and valuation models designed to…
Large French Bank Opts for Pricing Partner’s Price-it Online
A large French bank has selected Pricing Partner’s online platform Price-it online to double value its interest rate, equity, credit and inflation derivative products. This bank, which wished to remain anonymous, decided to innovate in terms of transparency and proximity with its clients by offering access to an independent valuation on its OTC derivative products….
Data Management, Regulation and Risk Top the Agenda at Investit Conference
At a recent industry conference hosted by Investit, an investment management consultancy, senior investment management executives and third party administrators placed data management, market and counterparty risk, client reporting and regulatory issues at the top of their agenda. Cost cutting also remained a main concern but the overall mood was one of optimism compared to…
Prytania Investment Advisors Appoints CMA DataVision for CDS Pricing
Prytania Investment Advisors (PIA), a London-based asset manager and risk advisory firm, has appointed CMA to provide independent pricing, risk metrics and group curves via DataVision for single name credit default swaps (CDS) and indices. Mark Hale, chief investment officer at PIA, says: “We looked at a number of pricing vendors to support activities in…