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All change
There can be no doubt in anyone’s minds that the data management business is undergoing dramatic change. As indicated by the preliminary results from our reader poll this month, the majority of budgets for data management projects are facing cuts, be they significant or otherwise. Surprisingly, a minority of you have witnessed an increase in…
Shark’s Tooth Volatility Bites Corporate Actions Risk Profile, Says JPM’s Kane
“We are living in unprecedented times,” explained David Kane, senior vice president of securities and operations at JPMorgan Worldwide Securities Services, to the Securities and Operations Forum’s CorpActions 2009 Europe delegation in London this month. The extreme volatility in the market over such a sustained period is exaggerating the risk profile of corporate actions and…
S&P’s FIRMS Launches Raft of New Services While Facing EC Scrutiny
It certainly has been a busy month for Standard & Poor’s and it seems that some parts of the business have had a better January than others. S&P’s Cusip Service Bureau (CSB) has not had a good start to the year with the European Commission’s announcement on 12 January that it will be investigating the…
Shark’s Tooth Volatility of the Market is Raising the Risk Profile of Corporate Actions Dramatically, Says JPMorgan’s Kane
“We are living in unprecedented times,” explained David Kane, senior vice president of securities and operations at JPMorgan Worldwide Securities Services, to the Securities and Operations Forum’s CorpActions 2009 Europe delegation in London this month. The extreme volatility in the market over such a sustained period is exaggerating the risk profile of corporate actions and…
Risk Avoidance is the Cornerstone of the Corporate Actions Business in the Current Climate, Says HSBC’s Brock
As the representative of global custodian community in the current market conditions, the focus of the industry is wholly on risk avoidance, Stephenie Brock, manager of technology and business solutions for corporate actions at HSBC Securities Services, told delegates to the CorpActions 2009 Europe conference. “Risk avoidance is in fact the cornerstone of the business…
Reval Claims 50% Increase in Revenue for 2008 and 75 New Clients
Originally appeared in MiFID Monitor In keeping with the perception that risk has become a key focus for investment in the current environment, risk management solutions provider Reval has announced strong client growth over 2008. According to the vendor, it experienced a 50% increase in revenue and the addition of 75 new clients over last…
Interactive Data Adds More Information on Fixed Income Evaluations, Promotes Duggan to COO of Evaluated Services Business
Interactive Data Corporation’s Pricing and Reference Data business has added more data, including a daily market commentary on the fixed income markets, to support its fixed income evaluations services. The vendor says it decided to provide more information within the service free of cost to its client base with a view to increasing transparency into…
S&P Selects SuperDerivatives Credit Derivatives Platform to Power New CDS Indices
It has been a busy month for Standard & Poor’s, what with the launch of a number of products from its Fixed Income Risk Management Services (FIRMS) business and the ongoing investigation of its pricing policies within its Cusip Service Bureau business. Just to prove that the other business lines are also beavering away, the…
Investit to Investigate Sound Practices for Fair Value Pricing with New Working Group
Following requests from its investment management forum, consultancy firm Investit has indicated that it is to embark on an investigation of sound practices in pricing securities, property, OTC derivatives contracts and whole portfolios. Accordingly, the firm and the Investit Intelligence forum have established a fair value pricing working group to examine the issues around pricing…
LakeFront Data Consulting and ReferenceDataFactory to Demerge to Avoid Confusion
Despite its announcement in May last year that it would be merging with data integration vendor ReferenceDataFactory (RDF), data management consultancy LakeFront Data Consulting has indicated that both firms will instead remain as separate entities. Dale Richards, who was previously president and CEO of the merged company and is now taking a back seat, explains…