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Macbeth Talks up the DTCC’s Data Repository Ambitions for 2011: More Markets on the Agenda
The Depository Trust & Clearing Corporation (DTCC) will be focusing on taking its services forward this year in line with regulatory developments, according to Stewart Macbeth, general manager of the DTCC’s Trade Information Warehouse (TIW). At the start of this year, it launched its automated portal for regulatory access to global credit default swap (CDS)…
A Spectrum of Opinions
One thing became clear during this month’s series of interviews with industry participants on the subject of legal entity identification standards and when reading through the responses to the Office of Financial Research’s (OFR) proposals on the subject: there is not much agreement on which way to proceed with regards to standardisation. As I noted in…
Daewoo Securities Selects Pricing Partners’ Financial Analytics Solutions
Pricing Partners announced today the signing of Daewoo Securities, the largest stock brokerage and investment banking firm in South Korea, as the its first South Korean client. The agreement was signed through its regional partner Belatos. Under this groundbreaking agreement, Daewoo Securities will deploy Pricing Partners’ entire financial pricing and analytics solutions, Price-it Library suite…
DTCC Names Reena Walia Managing Director of Equities Risk Management
The Depository Trust & Clearing Corporation (DTCC) announced today that Reena Walia has been appointed managing director of Equities Risk Management in its Enterprise Risk Management (ERM) Group. In her new position, Walia will lead a team charged with assessing risk management across its National Securities Clearing Corporation (NSCC), Depository Trust Company (DTC) and EuroCCP…
‘New’ Interactive Data Starts to Shake Institutional Trees
Six months after the completion of its acquisition by venture capitalists Silver Lake and Warburg Pincus, Interactive Data’s new corporate structure is beginning to emerge. As it puts the new management lineup in place, the company is undergoing a technology revamp, kicking off in its Real-time business, which itself is starting to attract significant institutional…
Any Legal Entity Identifier Will Need to Contain Parent/Child Hierarchy Data if it is to Help Track Systemic Risk, Says Liegel
Rather than the idea of a ‘dummy’ legal entity identifier, as seems to be popular within the practitioner community Andrew Liegel, deputy vice president of regulatory and risk solution vendor FRSGlobal’s US operations, reckons the Office of Financial Research (OFR) will need to craft an identifier that contains a suitable coding sequence in order to…
Q&A: Fidessa’s Justin Llewellyn-Jones on Hosting and Latency
An increasing number of execution systems vendors are now offering their products as hosted services, running them from their own data centres, and taking on the job of managing them, including keeping their latency low. Fidessa has been doing this for some time. IntelligentTradingTechnology.com caught up with the company’s managed services head Justin Llewellyn-Jones to…
JWG Risk Report Finds Penalties Will Drive Firms to Improve Their Risk Information
JWG, the independent financial regulatory analysts, today released their latest research entitled ‘The new business of risk management’. The report is based on interviews with over 120 professionals from more than 45 financial institutions, as well as suppliers, supervisors and other industry professionals. Their extensive research has found that the new, intrusive style of supervision…
UK FSA’s Response to MiFID Warns Against a One Size Fits All Approach to Data Standardisation
The recent joint response by the UK Financial Services Authority (FSA) and the UK Treasury to the European Commission’s MiFID proposals indicates that the regulators are concerned that a “one size fits all” approach towards data standards may be applied to non-equity instruments, as the directive is expanded beyond equities. The response, which comes in…
Pricing Partners Extended Multi-Curve Pricing to Major Currencies
Pricing Partners, a derivatives independent valuation and mathematical models and pricing analytics provider, announced today to improve its multi-curve pricing to major currencies. This announcement comes at a time when the market dislocation between the three month and the six month curves for all major currencies widen from a few basic points to a few…