A-Team Insight Blogs The latest content from across the platform
Asset Control’s Campbell Departs Firm to Return to Vancouver
Conal Campbell, senior sales executive for EMEA and Asia/Pacific at data management platform provider Asset Control, has left the company to return to his native Vancouver for personal reasons. Campbell, most recently based out of Asset Control’s London office, was originally with Vancouver-based TAP Solutions and joined Asset Control when the Dutch platform operator acquired…
HSBC USA Joins ICE Trust as a Clearing Member for CDSs
IntercontinentalExchange (ICE) has added HSBC USA as a clearing member of its clearing counterparty (CCP) for the credit default swap (CDS) market, ICE Trust. The CCP, which launched on 9 March, was the first contender in the US market to receive regulatory approval from the Federal Reserve and the Securities and Exchange Commission (SEC) and…
Markit to Provide Post-trade Processing Services for OTC Derivatives for Northern Trust
Northern Trust has signed up for Markit to provide it with post-trade processing services for its OTC derivatives when the implementation is completed in the second and third quarter this year. Custody and investment outsourcing operations clients of the bank will therefore have access to the new capabilities, which include reconciliation and confirmation services, via…
UK FSA Gives NYSE Liffe Green Light to Launch European CCP in July
The UK Financial Services Authority (FSA) has granted NYSE Liffe approval to launch a new central clearing counterparty (CCP) for its London derivatives market. The CCP, which will be dubbed Nyse Liffe Clearing, is due to begin operations on 27 July 2009, subject to a period of review by members of its proposed documentation. The…
Accuity Launches New Version of IBAN Validation and Conversion Tool
Payments reference data vendor Accuity has launched a new version of its online international bank account number (IBAN) validation and conversion tool. Version 2.2 of IBAN Payment Resource features account number decryption and basic bank account number (BBAN) to IBAN conversion, explains Malcolm Taylor, managing director for EMEA and APAC for the vendor. The new…
PolarLake Adds Grid Computing Capabilities to RDD Platform
PolarLake had added grid computing capabilities to its Reference Data Distribution (RDD) platform in order to increase its scalability for downstream uses. John Randles, CEO of the vendor, explains that the enhancements have been added to PolarLake RDD to allow firms’ enterprise data management (EDM) platforms to support more than two or three downstream systems….
Data is More Important Than Ever Before But Cultural Barriers Remain, Says Evaxyx
The issue of data management is so important in the current market that it has been raised as a priority at the board level, according to a recent report conducted by Amber Group and commissioned by data integration consulting firm Evaxyx. The focus on improving risk analysis and reporting systems has meant that data management…
AGFN to Offer SIX Telekurs Data to Eastern Europe, Greece and Cyprus
AG-Financial Network (AGFN) and SIX Telekurs have signed a partnership agreement, under which AGFN will offer SIX Telekurs’ financial market data to the markets in Eastern Europe, Greece and Cyprus. Adriano Bazzi, head of SIX Telekurs for Italy and Southern Europe, explains that the vendor hopes AGFN’s local presence and market knowledge will allow it…
Numerix and Lumina Americas Team up for Pricing and Risk Management Offering
Numerix, an analytics provider for the structuring, pricing and valuation of derivatives and structured products, has signed a partnership agreement with regional consulting and technology services firm Lumina Americas to combine their respective offerings. Under the agreement, Lumina, which services the Latin American and Spanish markets, will offer Numerix’s suite of pricing models and risk…
Citi’s Pandit Planning IT Overhaul Over Next Three Years in Cost Saving Initiative
Vikram Pandit, Citi’s CEO, is championing an overhaul of the firm’s technology infrastructure in order to reduce duplicative systems and achieve significant cost savings. Earlier this year, the bank stated that it was intending to save at least US$1 billion in technology costs in 2009 via the rationalisation of its systems, but recent reports have…