A-Team Insight Blogs The latest content from across the platform
S&P’s Eccleston Discusses Decision Behind Formation of New Valuation & Risk Strategies Group
The recent restructuring of Standard & Poor’s Fixed Income Risk Management Services (FIRMS) division to combine its securities evaluations, valuations services and market research teams into one group is all part of the vendor’s strategy to provide a more joined up approach to the market, explains Lou Eccleston, FIRMS’ executive managing director, to Reference Data Review….
Omgeo Continues Momentum in Japan
Omgeo today announced significant milestones achieved in Japan in terms of facilitating operational efficiency, reducing costs and increasing risk mitigation for clients in the region. Further demonstrating the firm’s commitment to Japan, Omgeo has also re-launched the Japanese-language version of its website. Omgeo wrapped up 2009 with significant growth in Japan, with 27% growth in…
HSBC’s EDM Head Hinds Departs for Pastures New
HSBC’s data management champion and regular FIMA speaker Sally Hinds is leaving the bank this week after more than four years as global head of EDM of HSBC Global Banking & Markets. Although she has not yet indicated where she will resurface, it is likely she will continue her career in the data management world….
Advent Software Announces Release of Axys 3.8
Advent Software, a provider of software and services for the global investment management industry, today announced the release of Axys 3.8, an important update to Advent’s turnkey portfolio accounting and reporting solution. The latest release of Axys marks Advent’s continued commitment to keeping the platform current as technology and regulatory changes impact its client base….
UPDATE: Private Equity Firm General Atlantic Acquires 7.5% Stake in Markit
US-based private equity firm General Atlantic has acquired a 7.5% stake in bank owned pricing and valuations supplier Markit in return for a US$250 million investment in the company. The stake values the rapidly expanding data and post-trade services provider at around US$3.3 billion and has meant General Atlantic CEO Bill Ford has bagged a…
UK FSA Grants Approval to Xtrakter for the Regulatory Reporting of Derivatives Using AII Codes
The UK Financial Services Authority’s (FSA) February deadline for the introduction of the Alternative Instrument Identifiers (AII) is fast approaching and this week the regulator has granted Trax platform operator Xtrakter approval to regulatory report exchange traded derivatives (ETD) using the new identifiers. Jason Waight, Xtrakter’s recently appointed director of product management, explains to Reference Data…
Pricing Partners and Pyxis Systems Sign Agreement on Price-it Online Distribution in India
Pricing Partners announced today that Pyxis Systems, a provider of technology solutions and services to the global financial derivatives industry, has chosen its revaluation platform Price-it Online to address their requirements in performing independent revaluation of complex OTC derivatives for a rapidly growing Indian market. This agreement is the first of what hopes to be…
Numerix to Provide Pricing Models for Thomson Reuters Risk Management Software Suite
Numerix, a provider of cross-asset analytics for the structuring, valuation and risk analysis of derivatives and structured products, today announced Thomson Reuters will extend Numerix’s vanilla – exotics pricing solutions and risk analytics in Thomson Reuters Kondor+ Suite and TopOffice solutions. Financial service firms using Thomson Reuters Kondor + Suite to build and trade structured…
Stop Press: General Atlantic Buys ‘Significant’ Stake in Bank-Owned Markit
Greenwich, Conn.-based private equity firm General Atlantic has acquired a “significant” minority stake in bank-owned pricing and valuations supplier Markit in return for a “substantial equity investment” in the company. While the size of the stake wasn’t disclosed, it’s significant enough to warrant a board seat for General Atlantic CEO Bill Ford. The General Atlantic…
Let’s Focus on Inter-Party Latency
Latency – and keeping it low – remains a concern for the financial markets. We at A-Team know, because our latest poll at low-latency.com found that 80% of respondents reckoned it will be more of a concern in the future. With all this algo and high frequency trading going on, events in the world would…