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UK FSA’s Huertas Talks up Practical Implications of Living Wills Legislation, Including Counterparty Data Requirements
Judging by the number of references that have been made to living wills legislation during reference data related events and conferences recently, the market is already well aware of the data challenge awaiting it. However, for those that may have been asleep for the last few months, Thomas Huertas, director of the banking sector for…
Pricing Partners Releases the Multi Curve Method to Account for Market Dislocation in Interest Rates
Pricing Partners announced that the Price-it Library now supports the Multi Curves Method on yield curves to account for market dislocation in interest rates. This announcement comes at a time when the spreads between EONIA, EURIBOR 1M, 3M, 6M and 12M have become major concerns, diverging from a few basic points to about a hundred…
Thomson Reuters, Interactive Data 2009 Results Give Cause for Optimism in 2010
The market and reference data industry’s two largest publicly listed players – Interactive Data and Thomson Reuters – posted 2009 results last week whose resilience gave some cause for optimism. While neither set the world on fire, neither was expected to, given the ongoing weakness in the overall market, whose ‘recovery’ continues to be muted…
SuperDerivatives Chooses Fitch Solutions for CDS Pricing
Fitch Solutions, a division of the Fitch Group, is pleased to announce that SuperDerivatives (SD), the derivatives pricing benchmark and leading multi-asset front office system, has chosen Fitch’s CDS Pricing Service to further strengthen its existing credit derivatives valuation solutions. “As credit markets have evolved, CDS have become an integral part of the investment and…
SIFMA Carries Federal Agency Bond Prices for Free on investinginbonds.com
The Securities Industry and Financial Markets Association announced that it now carries price data for approximately 25,000 federal agency bonds on its investinginbonds.com website. The new data is available via a feed from the Financial Industry Regulatory Authority (FINRA) following an expansion of its Trade Reporting and Compliance Engine (TRACE) to include debt issued by…
13 Vendors Participate in UK FSA’s February Gabriel Liquidity ISV Forum
As noted by Reference Data Review last month, the UK Financial Services Authority (FSA) has pledged to support the data vendor community in adapting to the new regulatory order and, accordingly, has set up an independent software vendor (ISV) discussion group to discuss liquidity risk requirements. The group’s first meeting was held on 16 February…
SEC Continues to Push for Global Accounting Standards, Kicks Off Research into IFRS Implementation
In a move that may allow the practices of the world of pricing and valuations to become more harmonised globally, the Securities and Exchange Commission (SEC) has indicated it is keen for a single set of high quality globally accepted accounting standards to be implemented. To achieve this goal, the regulator has finally begun to…
GBST’s O’Brien Discusses ITG Win, Broker Approach to Corporate Actions Processing and Asian Progress
Following its move into the corporate actions space in November last year, GBST has bagged its first client in the form of agency brokerage and financial technology provider Investment Technology Group (ITG) and has a number of promising prospects in the Asian region poised to sign on the dotted line, says Donal O’Brien, who manages…
Fidelity ActionsXchange’s Pollard Talks up Win with Knight Clearing Services and Plans for 2010
Corporate actions data cleansing solution provider Fidelity ActionsXchange has bagged its first customer of the year with the signing of Knight Capital Group’s clearing subsidiary Knight Clearing Services. Laura Pollard, executive vice president and head of Fidelity ActionsXchange, explains that the vendor has been working with Knight, which is focused on the trade execution and…
Hana Daetoo Securities Selects Numerix for Derivatives Valuation, Risk and Structuring
Numerix, a provider of cross asset analytics for derivatives valuations and risk management, today announced the signing of Hana Daetoo Securities as its first direct Korean customer. Hana Daetoo Securities is the investment banking arm of the Hana Financial Group (HFG), which owns Hana Bank, the third largest bank by asset value in Korea. Hana…