A-Team Insight Blogs The latest content from across the platform
Thomson Reuters Signs Agreement to Purchase GRC Vendor Paisley
Originally appeared in MiFID Monitor Thomson Reuters has signed a definitive agreement to acquire Paisley, a US-based software provider of governance, risk and compliance (GRC) solutions. According to the financial information giant, once the deal has received the required regulatory approvals, Paisley will become part of its Tax & Accounting business. Paisley’s solutions are focused…
Valuations Vendor Consolidation is on the Cards as a Result of Introduction CDS CCP, Say RDR Readers
Most Reference Data Review readers believe the introduction of a clearing counterparty (CCP) in the credit default swap (CDS) market will result in a period of consolidation within the valuations vendor community. According to the results of our recent poll, 56% of readers believe consolidation is on the cards, whereas an optimistic 11% think there…
Valuation Service Provider Prime Source Selects Asset Control’s AC Plus for Data Management
NYSE Euronext’s valuations service subsidiary, Prime Source, has selected Asset Control’s AC Plus financial and reference data management software to support the data requirements of its independent valuations business. Marie-Helene Cretu, CEO of Prime Source, explains that it has implemented the software to cope with increasing customer demands for new markets, geographies and instruments, all…
SmartCo Opens US Subsidiary to Support North American Growth Plans
Master data management software provider SmartCo has opened a new subsidiary headquartered in Boston to expand its business development and support capabilities for North American customers. The French headquartered vendor says it has had some commercial success in Canada and is now looking to the US for growth opportunities. SmartCo claims it has seen revenue…
Aberdeen Asset Management Picks Cadis EDM as Global Data Hub
Aberdeen Asset Management has implemented the Cadis EDM Suite from enterprise data management (EDM) system provider Cadis. The fund manager hopes that the solution will grant it greater operational control over its data by improving operational efficiency and reducing costs. Aberdeen indicates that it selected Cadis after a rigorous selection process due to the solution’s…
Regulatory Oversight and Independent Verification Needed for Valuations, Says Bank for International Settlements
Internal and regulatory oversight of the valuation process is essential to ensure that sources of prices are diverse and reliable, according to a recent report by the Bank for International Settlements (BIS). The BIS report suggests ways for financial institutions to assess the fair value of their assets, including promoting the need for independent verification…
BlueBay Portfolio Manager Resigns Following Valuations Breach
BlueBay Asset Management has indicated that the portfolio manager of its Emerging Market Total Return fund, Simon Treacher, has resigned following a “breach of internal valuation policy”. The fund management firm has also made the decision to close the fund as a result of the current market conditions but it stressed that this action was…
Tullett Prebon and GFI Heads Call for Competition in CDS CCP Market, WMBA Says CCPs Not Desirable for Every OTC Market
As the end of November draws near and the competition intensifies between the candidates in the credit default swap (CDS) clearing counterparty (CCP) race, it seems that everyone in the market has an opinion on the matter. This week it is the turn of two CEOs from the interdealer-broker camp and the Wholesale Market Brokers’…
The Quest for Meaning in Financial Systems
By Mike Bennett, director of Hypercube We are all of us wiser than we were earlier in the year. The credit crisis, at its heart, is a crisis of knowledge: if we knew the right things at the right time, it seems that fund managers might have made different decisions, regulators could regulated and so…
SolveXia Integrates Fincad’s Derivative Pricing Libraries into SolvenSeerF+
Risk modelling solution provider SolveXia has joined the Fincad Alliance Program to integrate Fincad’s derivative pricing libraries into its SolvenSeerF+ application. Via this partnership, users of SolvenSeer F+ will have access to Fincad’s cross asset risk analytics and are able to leverage the Fincad software for robust derivative valuations by next year, says the vendor….