TradingTech Insight Blogs The latest content from across the platform
OCC is Selected as New Options Symbology System Operator
Following the furore surrounding the establishment of an alternative standard to the Options Price Reporting Authority (Opra) code last year, industry participants have finally selected a suitable candidate to operate the new symbology allocation system. There were ongoing discussions throughout 2008 about the lack of agreement on the basics surrounding the introduction of a new…
Bankers Almanac Re-launches Due Diligence Repository with Wider Coverage and Enhanced Audit Processes
Bankers’ Almanac has re-launched its industry Know Your Customer (KYC) solution, the Due Diligence Repository, with added data coverage and enhanced audit processes aimed at reducing the need for re-checking of documentation. The vendor indicates the new additions have been developed with the assistance of industry practitioners from the Wolfsberg Group and the member banks…
Fincad Upgrades Analytics Suite with Extended Asset Class Coverage
Fincad has launched a new version of its Analytics Suite for 2009, with extended asset class coverage of structured products including trigger swaps, Brazilian FRNs, Altiplano options and snowrange instruments. The vendor says the upgrade is aimed at meeting the valuations and risk analytics needs of financial institutions in the current financial environment. Fincad Analytics…
CCP Principles Can be Applied to Bilateral World of OTC Derivatives, Says Adsatis
Following on from its white paper last month, London-based consultancy Adsatis has published another report looking into the clearing counterparty (CCP) approach in comparison to bilateral agreements with regards to OTC derivatives. Adsatis consultant and author of the white paper, Bill Hodgson, reckons firms can apply aspects of the CCP approach to a non-CCP environment….
Daiwa Securities’ Next Focus for Data Quality Measurement is on Derivatives, Says Pampathi
Following the establishment of its data quality measurement framework last year, Daiwa Securities is now looking to expand its data management functions to the area of derivatives, explained Vinay Pampathi, executive director of the firm’s technology division, to delegates to last week’s Marcus Evans Reference Data conference. “Over the next six months we will be…
Reference Data Management to Witness “Winds of Change” Over Next 12 Months, Says Deutsche’s Sean Taylor
Reference data management is no longer at the fringes of an organisation in terms of the perception of its strategic importance by senior management, said Sean Taylor, director at Deutsche Wealth Management, to the delegation at Marcus Evans’ recent Reference Data conference last week. Taylor, who was chairing the event, indicated that increased regulatory scrutiny…
ICE Joins Eurex and LCH.Clearnet in Bid for European CDS CCP Supremacy
Following the announcement by LCH.Clearnet last week of its bid to enter the European credit default swap (CDS) clearing counterparty (CCP) market, IntercontinentalExchange (ICE) has indicated its own intentions to establish a transatlantic model for the market. The ongoing furore surrounding splitting CDS clearing between Europe and the US would therefore become a non-issue, according…
Avox and Asset Control Integrate Business Entity Data Service with EDM Solutions
Asset Control has decided to partner with entity data vendor Avox in order to extend its offering in the counterparty data business. The EDM vendor has integrated Avox’s business entity data service, including entity data and proprietary universal identification codes, into its solutions, AC Plus and Tapmaster. The vendors claim the combined solution will provide…
LCH.Clearnet Plans to Launch European CDS Clearing by December
Following repeated calls by European Commissioner for Internal Market and Services, Charlie McCreevy, for a European clearing service for credit default swaps (CDS), LCH.Clearnet has decided to step up to the plate. The service would be based in Paris and will be launched by December, pending regulatory approval, says the firm. Christophe Hémon, CEO of…
Dealogic Selects CounterpartyLink to Provide Legal Entity Data for Next 3 Years
Workflow and analytics solution provider Dealogic has selected CounterpartyLink to provide it with legal entity data in order to ensure that the vendor and its clients have access to a single and unique view of each legal entity that is being processed between the parties. The vendor opted to sign the three year agreement with…