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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…
IASB Proposes Overhaul of Fair Value Accounting Rules
It has been a year of significant changes to the way assets are valued and it seems that more are still to come. This week the International Accounting Standards Board (IASB) released its long awaited proposals for a revamp of the often controversial fair value accounting rules. The IASB’s proposals are, in fact, four months…
Swift Selects Quantum4D to Provide Data Interface to SwiftNet
Swift is now using Quantum4D’s holographic analytics software platform to improve its ability to model its global network and understand its structure. Annually, as many as three billion messages go around the world via the Swift network. The challenge was to see how new developments in next generation interfaces might improve Swift’s ability to see…
Swift Replaces Stevens with Cheung as New Head of North Asia
Swift has appointed Michael Cheung as its new head of North Asia, responsible for all commercial activities in North Asia, covering Greater China, North and South Korea, Vietnam and the Philippines. He retains his responsibilities as head of China at Swift in Beijing, where he was tasked with expanding the influence and impact of Swift…
Interactive Data Adds Kilburn, Simone and Swanson to its Board
Interactive Data Corporation has added Donald Kilburn, Victor Simone and Luke Swanson to its board of directors. Simone has also been appointed to the board’s audit and independent committees. These appointments bring the total number of directors actively serving on the board to 10, including five directors affiliated with Pearson plc, Interactive Data’s majority shareholder….
Broadridge Financial Solutions Appoints Charbonnier to HR Role
Broadridge Financial Solutions has appointed Maryjo Charbonnier as corporate vice president and chief human resources officer for the company. She has also been elected a corporate officer of Broadridge and appointed to the company’s Executive Committee. Charbonnier succeeds Richard Berke, who will be retiring in January 2010. Charbonnier joined Broadridge in August 2008, from PepsiCo….
UK Asset Managers Are Aware of Dangers of Not Aggregating Data But Standards Are Lacking, Says SimCorp
The UK asset management community is aware of the dangers posed by failing to adequately consolidate and aggregate their data but underlying problems remain, according to a recent report by risk management platform provider SimCorp and independent consultant Paul Miller. The problems are not to do with technology or organisation, explains Cath Rawcliffe, vice president…