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Stop Press: Thomson Reuters Acquires Moody’s Muni Bond Pricing, Adding to Enterprise Data Arsenal
Thomson Reuters has acquired Moody’s Investor Services’ municipal bond pricing service. The transaction, in which Thomson Reuters effectively takes over Moody’s distribution agreement with U.S. muni bond data supplier Mergent Inc., rounds out the offerings of Thomson Reuters’ Enterprise data business line. Details of the transaction weren’t available at press time. In response to questions,…
Regulators Continue to Raise Profile of Derivatives Data Challenge, Market Fights Back
In keeping with this year’s regulatory focus on data challenges within financial institutions, this week, US Securities and Exchange Commission (SEC) chairman Mary Schapiro has been discussing the importance of accurately tracking derivatives data. She has been stressing the critical need for regulators to gain more access to information on derivative transactions in order to…
Point Nine Actively Targeting More Traditional End of Buy Side, Says CEO Matsis
Following the announcement that it has added an interface for corporate action data from FactEntry earlier this month, Point Nine CEO Yannis Matsis spoke to Reference Data Review about how IT investment such as this is reflective of its future client focus. The vendor has traditionally pitched its various solutions, which include a corporate actions…
RBC Dexia Selected By Manulife Singapore For Fund Valuation
RBC Dexia Investor Services has been selected by Manulife (Singapore) Pte Ltd to handle the fund valuation for 42 Investment Linked Portfolios, accounting for over SGD1.5 billion in funds under management and consisting primarily of fund of funds structures. “Outsourcing is an important strategic decision and it is imperative that the right partner is selected…
Basel Committee Issues High Level Principles for Accounting Standards
The Basel Committee on Banking Supervision has released a set of high level principles to assist the International Accounting Standards Board (IASB) in replacing International Accounting Standard (IAS) 39, which is related to fair value measurement. The IASB is currently endeavouring to develop new global accounting standards to improve the decision usefulness and relevance of…
DTCC Provides Further Market Transparency on OTC Credit Derivatives
The Depository Trust & Clearing Corporation (DTCC) today has brought further transparency to the global credit default swaps (CDS) market, worth more than US$31 trillion, by expanding its public release of CDS data maintained in its Trade Information Warehouse to include historical information on those contracts. The warehouse is a comprehensive global repository for the…
DTCC Replaces Hilly with Ex-Lehman CIO O’Connor as New CTO
The Depository Trust & Clearing Corporation (DTCC) has indicated that when its current chief technology officer, Vincent Hilly, retires in July next year, ex-Lehman Brothers chief information officer, Bridget O’Connor, will assume his role. Until that time, the two will be working together to ensure a smooth handover, says the vendor, which is currently ramping…
CME Group Poaches CMA Subsidiary’s CEO Paulhac for OTC Focused Role
CME Group has transferred the CEO of one of its subsidiary companies, credit derivatives data provider Credit Market Analysis (CMA), to its own executive management team. Laurent Paulhac has been appointed as managing director of OTC products and services for CME Group and will be responsible for leading the development, execution and management of CME…
Latest Version of StatPro Complex Asset Pricing System Takes Mystery Out of Pricing Financial Products
StatPro, a provider of portfolio analytics and data solutions for the global asset management industry, announced today that the latest version of its Complex Asset Pricing (CAP) service has been updated to provide an even greater degree of accuracy and transparency for asset managers seeking to price complex financial products. First launched in late 2008,…
Pricing Partners Provides Consulting Service with ESTER
Pricing Partners announced today that it is teaming up with ESTER to provide consulting services and financial advisory. This complementary partnership combines the financial management know-how from ESTER and the expertise of models and analytics from Pricing Partners to deliver high quality solutions to their clients. ESTER is a consulting firm founded by Elsa Sitruk…