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ISDA Leads Industry Effort to Standardize the Credit Support Annex
The International Swaps and Derivatives Association, Inc. (ISDA) today outlined key provisions to the Standard Credit Support Annex (SCSA) proposal as part of its continuing efforts to increase efficiency and improve standardization in the over-the-counter (OTC) derivatives markets. The SCSA proposal addresses three primary objectives. The SCSA seeks to standardize market practices by removing embedded…
Citihub Pushes Down IPC Latency with Hardcore/Tibco FTL Combo
Trading technology consulting firm Citihub has released highlights of performance testing it completed on Tibco Software’s FTL middleware running on Hardware Computer’s over-clocked, liquid-cooled Detonator workstation. Not surprisingly, the results are the fastest seen to date for inter-process communication. According to Citihub associate partner Ben Newton, the tests were driven by ongoing consulting engagements with…
New Interactive Performance & Risk Reporting from BNY Mellon Improves Transparency for Institutional Investors
BNY Mellon, the global leader in investment management and investment services, has introduced a number of enhancements to its Performance & Risk Analytics reporting that offer dynamic, new interactive capability enabling clients to customize, drill-down, and gain greater insight into their portfolio returns. The company’s new Interactive Performance Report (IPR) makes these new features available…
Markit Acquires QSG, Enters Data Analytics Sector
Markit, a leading, global financial information services company, today announced that it has acquired Quantitative Services Group (QSG). QSG is a leading provider of independent equity research, advanced trading analytics and investment consulting services. The acquisition expands Markit’s capabilities in equities and will enable Markit to expose its high-quality data products to QSG’s statistical processes…
SunGard Availability Services Strengthens European Senior Management Team
SunGard Availability Services, the pioneer and leading provider of Information Availability and business continuity services, has today announced two significant promotions to its Senior Management Team to help expand its footprint in the UK and European markets. Mike Threlfall has been appointed to the newly created position of European, UK&I consulting and software director, while…
PolarLake Opens German Office
Today PolarLake, a global leader in applying Semantic Web and Big Data Technologies to the challenges of Financial and Reference Data Management, announced the opening of its office in Frankfurt, Germany. Marcus Behrend has joined PolarLake as Business Development Manager for Central Europe. Marcus has over 10 years’ experience in the Financial Services industry and…
S&P Capital IQ Risk Solutions Signs Standard Bank South Africa
S&P Capital IQ Risk Solutions today signed an agreement to provide its default recovery data and Loss Given Default (LGD) model to the South African operations of Standard Bank. The agreement includes access to the LossStats recovery database and S&P Capital IQ Risk Solutions’ market-leading LGD modeling framework. S&P Capital IQ’s recovery data and modelling…
Virginie’s Blog – IOSCO and CPSS Consultation Sparks 32 Responses on OTC Derivatives Data Challenges (Part 1 of 2)
Last week, I looked at some of the data reporting requirements related to the systemic risk oversight developments going on in the US with regards to scrutinising the hedge funds and private equity markets (see more here), however, the US regulators have not been alone in their efforts on the data standards front. The International…
DTCC Files SDR Applications with CFTC
The Depository Trust & Clearing Corporation (DTCC) announced that it had filed a registration application with the U.S. Commodity Futures Trading Commission (CFTC) to operate a swaps data repository (SDR), DTCC Data Repository (U.S.), across multiple OTC derivatives asset classes. “DTCC is committed to working with financial authorities and the industry to promote a transparent…
Cantor Evaluating Calxeda ARM Chips for 10x Breakthrough
“I think the Calxeda-ARM machine is an exciting step … I’m evaluating carefully how it can impact the metrics I care about,” says Niall Dalton, director of high frequency trading at Cantor Fitzgerald. He is referring to today’s announcement by Calxeda of their very low power microprocessors based on the ARM architecture – and HP’s…