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Leading Global Custodian Banks Think Custodians Should Be More Involved In The Settlement And Account Instruction Process, According To New Survey
Despite a heightened focus on risk management and increased levels of automation within custodian banks worldwide, the settlement and account instruction (SI) process still relies heavily on manual processes, introducing risks and costs into the trade lifecycle, according to research by Omgeo, the global standard for post-trade efficiency. The survey, conducted by Omgeo in July…
SmartStream Announces TLM Corporate Actions Event Management On Demand, Delivering Enhanced Event Automation as a Service
SmartStream, the financial Transaction Lifecycle Management specialist, today announced the launch of a new service, TLM Corporate Actions Event Management On Demand, delivering enhanced event management through the Software as a Service (SaaS) model. TLM Corporate Actions Event Management On Demand delivers the proven event management capabilities of SmartStream’s TLM Corporate Actions solution as a…
NovaSparks Cites Nanosecond Performance of FPGA Data Appliance
NovaSparks has released performance data for its FPGA-based data feed appliance based on the highly volatile market conditions in August, noting average latencies of 400 nanoseconds, and extreme cases of 900 nanoseconds. On test was NovaSparks’ Gen2 appliance, which is based entirely on FPGA (Field Programmable Gate Array) technology (i.e. unlike some competing products, no…
Burstream Rolls NanoSpeed Mesh – Sub-Microsecond Managed Data Service
Burstream – a new entrant to the market data space – has gone live with the first market on its NanoSpeed Mesh, a managed service leveraging FPGA-based technology from NovaSparks (see separate post here). The company is now delivering Nasdaq OMX data to customers co-located at the exchange’s Carteret, NJ data centre, typically in 600…
Moody’s Analytics Releases 2011 Banking Industry Survey on Stress Testing
Banks are increasingly integrating stress testing into their risk management and business planning processes, although most still find deploying stress testing best practices throughout all their businesses very challenging, according to a survey conducted by Moody’s Analytics, a leader in enterprise risk management solutions. Published today, Moody’s Analytics’ “2011 Banking Industry Survey on Stress Testing”…
Pricing Partners Adds a Stochastic Rating Model to its Financial Library
Pricing Partners announced today that it added a stochastic rating model to its Price-it derivatives pricing library that enables to price ratings linked products. Euro Medium Term Notes based on Rating have become more popular as ratings play a central role in the financial world and are easily understandable for investors. A typical structure is…
A Blueprint for a European Consolidated Tape – Data Consolidation is a Top Priority for EFAMA under MiFID II
The European Fund and Asset Management Association (EFAMA) published today a Blueprint for a European Consolidated Tape intended to permit greater certainty amongst investors as to prices, best execution, valuation and performance measurement, leading to further reductions in direct and indirect costs of trading for investors. The liberalisation of trading venue regulation under MiFID has…
Opinion: The Correct Exposure for a Crisis
By Michel Lempicki, corporate development director at StatPro Group “Bad news isn’t wine. It doesn’t improve with age.” So said Colin Powell, Vietnam veteran, when he was chairman of the US Joint Chiefs of Staff during the Gulf War. In today’s investment climate, as in military circles, that maxim still holds true. It has become…
700 Jobs to be Created in Fund Services by End of Q1 2012
Ireland’s fund services industry grew 36% in the last year and now manages assets worth €1.9 trillion. This growth makes Ireland the largest hedge fund administration centre in the world, with 63% of European and 43% of global alternative investment assets now administered in Ireland. The growth in Ireland’s funds market has had a big…
RBC’s Sutton to Join Ex-Citi Colleague Berlanger at Deutsche Bank
After two years as Royal Bank of Canada (RBC) Capital Markets’ global head of customer accounts, Julia Sutton is set to head to Deutsche Bank in October as its new head of client reference data. Sutton, who will be speaking at A-Team’s Data Management for Risk, Analytics and Valuations conference in London on 17 October,…