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Numerix Launches LiquidAsset Product for Pricing OTC Derivatives
Numerix, a provider of cross-asset analytics for derivatives valuations and risk management today announced the launch of its product – Numerix LiquidAsset- for Pricing OTC Derivatives and exchange traded deals. Built upon Numerix’s CrossAsset analytics, LiquidAsset is a function based Excel solution for valuation of the most common set of OTC derivative trade types. “LiquidAsset…
Linedata Launches Latest Version of Linedata Mfact with Web Access to All Fund Accounting Information
Linedata, the global solutions provider dedicated to the investment management and credit industry, today announced the latest release of Linedata Mfact, its fund accounting solution for fund administrators, banks and trust companies, mutual funds and pension funds. With over 20 years of providing reliable, accurate and cost efficient technology, users of Linedata Mfact achieve operating…
Ex-GoldenSource Exec Raeves Joins TowerGroup as Post-trade Focused Research Director
Following his departure from EDM vendor GoldenSource at the end of last year, ex-senior vice president of strategic business development and marketing Gert Raeves has surfaced at analyst firm TowerGroup as a research director in the capital markets team. Raeves, who has been a frequent speaker on the data management circuit, will now be covering…
MSCI Launches Risk Weighted Indices
MSCI, a provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate governance services, announced today that it has launched three new risk-based indices. These alternatively weighted indices are based on three standard flagship MSCI indices and include the MSCI ACWI Risk Weighted Index, the MSCI Emerging Markets Risk…
ISDA Announces New Commitments to Global Supervisors to Help Make OTC Derivatives Markets Safe and Efficient
The International Swaps and Derivatives Association, Inc. (ISDA) jointly submitted a letter with market participants and industry associations to global supervisors. The letter is the seventh in a series that publicly details the industry’s roadmap for making the over-the-counter (OTC) derivatives markets safe and efficient. It outlines commitments to improve four key areas: increasing standardisation;…
QuIC Partners with Solum to Enhance CVA Solution
Markit, a global financial information services company, today announced that QuIC Financial Technologies (QuIC) has agreed to license calculation methodologies developed by Solum Financial Partners to enhance the calculation speed of its credit value adjustment (CVA) solution for counterparty risk managers. CVA quantifies the credit risk inherent in OTC derivative transactions and is integral to…
FSOC, FSB and BCBS Aim to Nail Down the Systemically Important Financial Institution Criteria
The US Financial Stability Oversight Council (FSOC), which has been charged with monitoring systemic risk across the US financial services industry, is currently embroiled in debate about what constitutes a “systemically important financial institution” (SIFI) with the Securities and Exchange Commission (SEC) and the industry at large. The European Financial Stability Board (FSB) is also…
UK FSA Sends Out “Dear CEO” Letter Illustrating its New Interim Structure
The UK Financial Services Authority (FSA) has this week sent out a letter to CEOs detailing its new regulatory structure, as required under the recent government reforms to tackle oversight issues within the UK financial markets. The new structure includes the eventual transfer of the power of oversight of the banking and insurance industries to…
DTCC Appoints Ex-E*Trade and Citigroup Exec Druskin as its New Chairman
In the latest of its recent bout of hiring, the Depository Trust & Clearing Corporation (DTCC) has hired ex-E*Trade Financial Corporation chairman and ex-Citigroup ops and technology head Robert Druskin as its new chairman of the board. Druskin’s appointment is likely part of the firm’s bid to position itself as a neutral body in the…
Ex-Autodesk Exec Bado Joins MarkLogic as CEO
MarkLogic Corporation today announced that Ken Bado, a veteran technology executive who most recently was the executive vice president of sales and services at Autodesk, has been named CEO and a member of the board of directors. Bado, 56, was at Autodesk for eight years and led sales and services under former Autodesk CEO Carol…