A-Team Insight Blogs The latest content from across the platform
Interactive Data Promotes Williams to President of Sales, Sargeant to International Business MD
Interactive Data has promoted current senior vice president of its Major Accounts and Business Development Groups, Cort Williams, to the position of president of its sales organisation. In this role, Williams will have responsibility for the vendor’s sales, client relationships, and customer service oriented functions focused on institutional clients. Williams will transition into this role…
Liffe’s Bclear is First to Offer CDS Clearing, CME Offers Equity Stakes in Clearing Venture
Originally appeared in MiFID Monitor The credit default swaps (CDS) clearing race is well underway, following regulatory approval by European and US regulators at the end of last year. The European Commission has also received commitments from dealers and exchanges that they will shift their clearing onto the available platforms in the coming months. However,…
SEC Continues Defence of Fair Value Accounting Standards
The Securities and Exchange Commission (SEC) again defended its decision to retain fair value accounting standards on 30 December, following further calls from the banking community to suspend the contentious rules. The regulator has previously stated that it will be focused on improving rather than suspending the rules. “Fair-value accounting did not appear to play…
Reval Adds Four to Hedge Accounting Staff in Asia Pacific
Reval, a provider of risk management solutions and services, has expanded its Asia Pacific operations via the hiring of four hedge accounting professionals. Accordingly, Reval has added Blaik Wilson, George Chapman, Bevan Webster and Abhishek Maiti to its regional operations. The vendor, which has operations in Australia, New Zealand and India, indicates that the appointments…
Markit Revises Pricing Consolidation Rules for Markit iBoxx Indices
Markit has indicated that it is implementing changes to the rules governing the consolidation of prices for its iBoxx indices. According to the vendor, these changes are aimed at improving the pricing in illiquid and volatile markets. The Markit iBoxx EUR and Sterling cash bond indices are used by asset managers as a benchmark for…
SIX Telekurs Names Credit Suisse’s Gross as CEO
SIX Telekurs, the financial information division of Switzerland’s SIX Group, has named Thomas Gross, the current head of Securities Operations at Credit Suisse, chief executive officer, effective April 1 2009. Gross, who will also become a member of the SIX Group executive board, will succeed Jörg Buser, who has been heading SIX Telekurs on a…
SEC Confirms US Companies Required to File Financial Reports Using XBRL in 2009
Originally appeared in MiFID Monitor The US Securities and Exchange Commission (SEC) has confirmed that from mid-next year large public corporations and mutual fund companies will be required to submit their financial reports in extensible business reporting language (XBRL). The move, which was initially proposed in May, is aimed at making it easier for investors…
Euroclear Receives Approval for Creation of New Set of ISO 20022 Messages
Euroclear has received approval from the ISO 20022 registration bodies for the creation of a new set of ISO 20022 messages to be used throughout the global capital markets. According to the firm, it is the first set of approved ISO 20022 messages developed by an organisation operating in the securities industry other than Swift….
Financial Crisis Has Focused Institutions on Data Quality Initiatives, Says Information Difference
The recent financial crisis will not deter financial institutions from investing in master data management (MDM) and data quality systems, according to a recent survey conducted by consulting firm the Information Difference and sponsored by Trillium Software. The findings of the survey suggest that these initiatives will be of mounting importance to businesses in the…
What is Your Latency IQ?
Capital markets firms have been implementing a number of different strategies for reducing latency – from increasing network bandwidth, to implementing low latency applications, to collocation – giving rise to the question: What’s next? To get the best trade, firms realize their need for visibility into the entire chain of trade execution events in real…