Data Management Insight Blogs The latest content from across the platform
Technology Will Help the Financial Services Market to Heal, Says TowerGroup
Originally appeared in MiFID Monitor Although the market is experiencing a period of significant turmoil, financial institutions that embrace new business models and invest selectively in technology innovation will survive the crisis, according to a recent report by TowerGroup. The report, “A Bumpy Flight, Landing, and Takeoff for the Financial Services Industry”, indicates that risk…
ValueLink Integrates Adept Solution into PriceValidation and CounterpartyCollection Services
ValueLink has integrated its Automated Data Extraction Processing Tool (Adept), which automates the processing and validation of OTC counterparty data and fund data, into its PriceValidation and CounterpartyCollection services. According to the vendor, Adept automates the whole process from receipt of data to data upload, including exception notification. Adept was developed as a solution to…
WestLB Goes Live with Asset Control’s AC Plus to Extend Instrument Coverage
German headquartered bank WestLB has gone live with Asset Control’s AC Plus financial and reference data management software to support its back office operations and day to day user requirements across its businesses worldwide. According to the vendor, WestLB required a solution that would enhance data quality and breadth of instrument coverage. Accordingly, Asset Control’s…
OTC Val Appoints Ex-Hedge Fund Quant Bergbusch as CTO
OTC Valuations (OTC Val) has appointed Paul Bergbusch as chief technology officer to lead the vendor’s efforts to introduce its next generation of solutions. He will be engaged in further expanding the coverage for structured products and exotic derivatives under the OTC Val portfolio and will be based in Vancouver. According to the vendor, Bergbusch…
StatPro Group Signs Deal to Use GFI’s FX Options Data for Pricing and Risk Management
StatPro Group has signed a multi-year licence with GFI Group to use GFI’s FX options data in its pricing and risk management services. Dario Cintioli, CEO of Italy and global head of risk at StatPro, explains that the vendor selected GFI due to its standing in the market as an interdealer broker. Philip Winstone, global…
US Associations’ Tarp Survey Indicates Industry in Need of Price Transparency Guidelines
Originally appeared in MiFID Monitor The industry needs more information about how the implementation of the US Troubled Asset Relief Program (Tarp) could be most effective, particularly in the areas of price transparency, according to a survey by five industry associations. The survey, which was sent to members of the Securities Industry and Financial Markets…
PwC Audit Picks SuperDerivatives for Derivatives Revaluation Audits for CEE
PricewaterhouseCoopers (PwC) Audit, a member firm of the PwC global network, has selected SuperDerivatives to assist in providing derivatives revaluation audits for clients across Central and Eastern Europe (CEE). The firm indicates that the new service is a reaction to the demand from customers in the region for real-time revaluation of derivatives structures associated with…
Citadel Solutions Implements Asset Control’s AC Plus to Support Fund Admin Business
Citadel Solutions, a wholly owned independent subsidiary of Citadel Investment Group, has implemented Asset Control’s AC Plus data management software to support the growth of its fund administration business. According to John Buckley, president of Citadel Solutions, the firm selected the solution because it was quick to implement and flexible enough for its clients’ requirements….
McCreevy Calls for Clear Roadmap to Establish CDS Clearing Counterparties Before Year-End
Originally appeared in MiFID Monitor European Commissioner for Internal Market and Services Charlie McCreevy has called for the industry to establish central clearing counterparties for the credit derivatives markets before the end of the year. During the first meeting of the European Commission’s working group on derivatives, McCreevy stressed the urgency for more transparency in…
Interactive Data Picks D’Arcy to Succeed Clark as President and CEO
Interactive Data has finally selected a replacement for Stuart Clark, its current president and CEO, who is due to retire next year. The firm has indicated that Raymond D’Arcy, the president of sales and marketing for Interactive Data, will take over the role. D’Arcy has served in a variety of executive roles during his 29…