A-Team Insight Blogs The latest content from across the platform
SIX Telekurs Reaches 5m Milestone for Database Instrument Coverage
SIX Telekurs has passed the five million milestone for the number of international instruments covered by its reference database. The recently restructured vendor says the database has witnessed steep continual growth over the past year. The increase in financial data covered by the company can also be partly attributed to the acquisition of Fininfo SA…
Exchange Operators Call for CDS Clearing to Become Mandatory
The contenders in the clearing counterparty (CCP) race have indicated that they wish for credit default swap (CDS) clearing to be made mandatory. Testifying before the US Congress, the four exchange operators involved in the CCP space, IntercontinentalExchange (ICE), the Chicago Mercantile Exchange (CME) Group, NYSE Euronext’s Liffe and the Eurex derivative division of Deutsche…
Netik Packages Information Portal for Money Managers and Investor Services Firms
Netik has packaged its Netik Information Portal to create pre-configured reports and queries in a hosted environment as a service for money managers and investor services firms. The vendor indicates that it has leveraged the intellectual property of its core offering, Netik InterView, to create this fully managed service. Netik’s solution aims to provide transparency…
Mark-to-Market Could be Here to Stay Says SEC, While Cox Talks up Best Practices
The Securities and Exchange Commission (SEC) is likely to refine the application of mark-to-market accounting rules rather than replace them, according to recent market reports. The regulator is currently engaged in a study of the rules, which it must send to Congress by 2 January. SEC chairman Christopher Cox spoke about some of its findings…
European Commission Working Group Releases Market Standards for General Shareholder Meetings
A European Commission sponsored working group has made public a consultation document that details harmonised communication standards for general shareholder meetings in Europe. According to the Joint Working Group on General Meetings (JWGGM), the standards are aimed at increasing the levels of non-domestic shareholder participation in general meetings across Europe and are part of the…
SuperDerivatives Claims a 250% Increase in Demand for Valuations Services
Despite the downturn in the market, derivatives valuations provider SuperDerivatives claims it has experienced a 250% increase in demand for its services over the past year. The vendor says there has been an increase in customer acquisition and sales over the past year as more institutions adopt third party evaluation as best practice. According to…
Markit and S&P’s Cusip Service Bureau Partner for Universal ID for Loan Market
Following its announcement at the start October that it would be partnering with Standard & Poor’s (S&P), Markit indicates the two vendors are now working together to create a universal identification system for the loan market. The vendor is partnering with S&P’s Cusip Service Bureau with the aim of improving transparency and liquidity in the…
Interactive Data Touts Daily Cost Basis Service for Reporting Requirements Under EESA
Interactive Data’s Pricing and Reference Data business is touting its daily Cost Basis service as a solution for brokers required to file Form 1099-B to comply with the new broker basis reporting requirements under the Emergency Economic Stabilisation Act of 2008 (EESA). Charles Price, senior director, entity data products for Interactive Data, says the service…
Markit’s Valuations Business Reports 114% Increase in Pre-tax Profits for 2007
Markit Group’s pre-tax profits for its derivatives valuations business over 2007 experienced an increase of 114% on the previous year. Overall profits for the firm as a whole rose by 47% on the previous year’s figures, according to its full year report. The vendor has been focusing its attention on this valuations business over 2008…
Current Market Conditions Causing Increased Corporate Actions Complexity, Says FISD Panel
Corporate actions models and processes are being ‘pushed’ by the current financial market activity, and the increasing focus on risk and regulations is having an immediate and clear impact on the business of managing corporate actions information, according to a panel of specialists at Wednesday’s FISD Issue Brief event in London. According to Dean Hogan…