Data Management Insight Blogs The latest content from across the platform
Mark-to-Market Could be Here to Stay Says SEC, While Cox Talks up Best Practices
The Securities and Exchange Commission (SEC) is likely to refine the application of mark-to-market accounting rules rather than replace them, according to recent market reports. The regulator is currently engaged in a study of the rules, which it must send to Congress by 2 January. SEC chairman Christopher Cox spoke about some of its findings…
SuperDerivatives Claims a 250% Increase in Demand for Valuations Services
Despite the downturn in the market, derivatives valuations provider SuperDerivatives claims it has experienced a 250% increase in demand for its services over the past year. The vendor says there has been an increase in customer acquisition and sales over the past year as more institutions adopt third party evaluation as best practice. According to…
Markit and S&P’s Cusip Service Bureau Partner for Universal ID for Loan Market
Following its announcement at the start October that it would be partnering with Standard & Poor’s (S&P), Markit indicates the two vendors are now working together to create a universal identification system for the loan market. The vendor is partnering with S&P’s Cusip Service Bureau with the aim of improving transparency and liquidity in the…
Thomson Reuters Signs Agreement to Purchase GRC Vendor Paisley
Originally appeared in MiFID Monitor Thomson Reuters has signed a definitive agreement to acquire Paisley, a US-based software provider of governance, risk and compliance (GRC) solutions. According to the financial information giant, once the deal has received the required regulatory approvals, Paisley will become part of its Tax & Accounting business. Paisley’s solutions are focused…
Interactive Data Touts Daily Cost Basis Service for Reporting Requirements Under EESA
Interactive Data’s Pricing and Reference Data business is touting its daily Cost Basis service as a solution for brokers required to file Form 1099-B to comply with the new broker basis reporting requirements under the Emergency Economic Stabilisation Act of 2008 (EESA). Charles Price, senior director, entity data products for Interactive Data, says the service…
Markit’s Valuations Business Reports 114% Increase in Pre-tax Profits for 2007
Markit Group’s pre-tax profits for its derivatives valuations business over 2007 experienced an increase of 114% on the previous year. Overall profits for the firm as a whole rose by 47% on the previous year’s figures, according to its full year report. The vendor has been focusing its attention on this valuations business over 2008…
Current Market Conditions Causing Increased Corporate Actions Complexity, Says FISD Panel
Corporate actions models and processes are being ‘pushed’ by the current financial market activity, and the increasing focus on risk and regulations is having an immediate and clear impact on the business of managing corporate actions information, according to a panel of specialists at Wednesday’s FISD Issue Brief event in London. According to Dean Hogan…
Valuations Vendor Consolidation is on the Cards as a Result of Introduction CDS CCP, Say RDR Readers
Most Reference Data Review readers believe the introduction of a clearing counterparty (CCP) in the credit default swap (CDS) market will result in a period of consolidation within the valuations vendor community. According to the results of our recent poll, 56% of readers believe consolidation is on the cards, whereas an optimistic 11% think there…
Valuation Service Provider Prime Source Selects Asset Control’s AC Plus for Data Management
NYSE Euronext’s valuations service subsidiary, Prime Source, has selected Asset Control’s AC Plus financial and reference data management software to support the data requirements of its independent valuations business. Marie-Helene Cretu, CEO of Prime Source, explains that it has implemented the software to cope with increasing customer demands for new markets, geographies and instruments, all…
SmartCo Opens US Subsidiary to Support North American Growth Plans
Master data management software provider SmartCo has opened a new subsidiary headquartered in Boston to expand its business development and support capabilities for North American customers. The French headquartered vendor says it has had some commercial success in Canada and is now looking to the US for growth opportunities. SmartCo claims it has seen revenue…