A-Team Insight Blogs The latest content from across the platform
Buy Side Participation for ICE Trust to be Enabled in October
IntercontinentalExchange (ICE), an operator of regulated global futures exchanges, clearing houses and OTC markets, has developed a solution that provides segregation of customer funds and positions in credit default swap (CDS) clearing. The solution, which will enable buy side participation in CDS clearing, is expected to be introduced in October 2009, subject to regulatory approval….
Interactive Data Reports 4.6% Revenue Increase for Reference Data Biz in Q2 2009
Despite the difficult economic environment, Interactive Data Corporation’s Pricing and Reference Data has experienced revenue growth of 4.6% in the second quarter of this year compared to last year’s figures. This is in contrast to a decrease for the vendor’s overall financial results for the second quarter ended 30 June 2009, US$185.0 million compared with…
As BClear Bows Out, Clearnet Steps into the Ring for CDS CCP Round One
European regulators have for months been championing the launch of a European-based clearing central counterparty (CCP) for the credit default swap (CDS) market and it seems their prayers may have been answered in the form of Paris-based Clearnet. The joint venture between Liffe and LCH.Clearnet has taken over the mantle of viable CCP contender, following…
Xignite Talks up Low Cost Approach to Corporate Actions Data
Although Xignite is best known in the market data world, last month it stepped into the world of reference data with the launch of its XigniteCorporateActions service. Joel York, chief marketing officer, and Chas Cooper, director of product marketing, speak to Reference Data Review about their proposition to provide low cost access to vital corporate…
CPSS and IOSCO Establish Working Group to Monitor OTC Derivatives CCP Progress
The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organisation of Securities Commissions (IOSCO) have set up a working group to review the application of the 2004 CPSS-IOSCO Recommendations for Central Counterparties to clearing arrangements for OTC derivatives. The recommendations, which were developed by the CPSS and the IOSCO…
Icap and Fincad Team up for Fair Value Insight Solution
Icap and Fincad have launched a new solution to address the growing need for increased transparency and independent valuations allowing better liquidity, counterparty and operational risk management. Fair Value Insight is a secure web-based derivatives valuation solution built on Fincad’s industry standard analytics and Icap’s market data. The solution enables corporate treasuries, banks, asset management…
GoldenSource’s Vanlint Discusses Kedrios Partnership for Italian Market
This month, EDM vendor signed a partnership agreement with SIA-SSB Group’s outsourcing subsidiary Kedrios to launch a new hosted data management service for the Italian market: Kedrios Data Management (KDM). Neill Vanlint, managing director of EMEA for GoldenSource, explains the details to Reference Data Review. The two vendors have been in discussions for over a…
DTCC’s Donahue Champions Single Trade Repository for OTC Derivatives
Donald Donahue, chairman and CEO of the Depository Trust & Clearing Corporation (DTCC), today stressed that a single trade repository for OTC derivatives contracts is essential to mitigating risk and enhancing transparency in the market. Donahue made his remarks as part of his keynote address at a US Chamber of Commerce discussion titled “Modernising Derivatives…
Omgeo Replaces Citi’s Kumar with Beyman on Board of Managers
Omgeo has added Jonathan Beyman, managing director, global head of operations and technology for Citigroup, to its board of managers. He replaces Naresh Kumar, also of Citigroup, who has retired his board position. Beyman’s current role at Citigroup makes him responsible for the operations and technology division supporting Citibank’s global securities and banking, and global…
Catalyst or Bureaucratic Encumbrance?
Does the industry really need a central reference data utility in order to achieve a greater level of standardisation across the market? Should the European Central Bank (ECB) be in charge of leading such a global initiative? Would a commercially focused venture be more successful in this endeavour? These are all questions that have been…