A-Team Insight Blogs The latest content from across the platform
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…
Kedrios Launches EDM Offering for Italian Market with GoldenSource
Kedrios, a SIA-SSB Group company specialising in back office products, services, IT and administration outsourcing for Italian financial institutions, has signed a strategic agreement with GoldenSource Corporation, a global provider of enterprise data management (EDM) solutions, to provide a hosted data management service to banks, investment managers and brokers in Italy. The new service, called…
ECB’s Planned Reference Data Utility is Both Desirable and Plausible, Says EDM Council’s Atkin
Earlier this year, the European Central Bank (ECB) indicated it is seriously considering getting into the reference data world via the establishment of a securities reference data utility. Since the announcement, the idea of a central bank led utility has proved to be a divisive subject for many. However, as Mike Atkin, managing director of…
Tradition Partners with NYSE Euronext’s Prime Source for End of Day Pricing
Tradition, an interdealer broker, has formed a partnership with Prime Source, whereby Tradition will provide end of day pricing of a range of financial products to Prime Source, a NYSE Euronext company. The Prime Source service allows users to access prices and evaluations from different sources, including markets, dealer contributions and valuation models designed to…
Large French Bank Opts for Pricing Partner’s Price-it Online
A large French bank has selected Pricing Partner’s online platform Price-it online to double value its interest rate, equity, credit and inflation derivative products. This bank, which wished to remain anonymous, decided to innovate in terms of transparency and proximity with its clients by offering access to an independent valuation on its OTC derivative products….
Data Management, Regulation and Risk Top the Agenda at Investit Conference
At a recent industry conference hosted by Investit, an investment management consultancy, senior investment management executives and third party administrators placed data management, market and counterparty risk, client reporting and regulatory issues at the top of their agenda. Cost cutting also remained a main concern but the overall mood was one of optimism compared to…
Prytania Investment Advisors Appoints CMA DataVision for CDS Pricing
Prytania Investment Advisors (PIA), a London-based asset manager and risk advisory firm, has appointed CMA to provide independent pricing, risk metrics and group curves via DataVision for single name credit default swaps (CDS) and indices. Mark Hale, chief investment officer at PIA, says: “We looked at a number of pricing vendors to support activities in…
Majority of CDS Products Will Never be Centrally Cleared, Says Tabb Group
In new research published today, Tabb Group says the majority of credit default swaps (CDS) products blamed for adding significant systemic risk to the global financial markets will never be centrally cleared in the United States and Europe. According to the report’s authors, Larry Tabb, founder and CEO, and Robert Iati, partner, global head of…
Buy Side Firms Must Take Heed of the Scale of the Changes Required as a Result of the OSI, Say TowerGroup and Capco
The buy side must understand and appreciate the urgency of preparing adequately for the incoming Options Symbology Initiative (OSI), said speakers during Capco’s recent webinar on the subject. The move to the Options Clearing Corporation’s (OCC) 21 character OSI code in order to support non-standard options will impact every level of a firm’s operations, warned…
ICE and CME Group Speak Out About Implications of CCPs for Derivatives Markets
Following the concerns raised by Craig Donohue, chief executive of CME Group, last month about the dangers of forcing all derivatives to be cleared electronically, CME and rival IntercontinentalExchange (ICE) have this week released a 150 page report on the subject. The report details the legislative and regulatory action that may be needed in order…