TradingTech Insight Blogs The latest content from across the platform
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….
Fitch Solutions Offers Liquidity Scores for Credit Derivative Assets
Fitch Solutions has created new liquidity scores and percentile rankings for widely traded credit derivative assets aimed at helping banks to identify their exposure to the most liquid and least liquid assets, and strengthen their liquidity risk management procedures. Thomas Aubrey, managing director of Fitch Solutions, explains that the data has been added to provide…
XBRL Announces Support for SEC’s IFRS Roadmap for US Public Companies
Originally appeared in MiFID Monitor XBRL International has publicly announced its support for the US Securities and Exchange Commission’s (SEC) proposed roadmap for the introduction of International Financial Reporting Standards (IFRS) for US companies, which was published on 14 November. The roadmap sets forth several milestones with a view to the introduction of IFRS, as…
SunGard Integrates XSP’s Corporate Actions Software with its Phase3 Solution in an ASP Environment
SunGard has integrated XSP’s global corporate actions software capabilities with its Phase3 multi-asset, multi-currency securities processing solution in a SunGard hosted application service provider (ASP) environment. Tony Scianna, executive vice president of SunGard’s brokerage and clearance business, explains that the integration was in response to requests from the vendors’ mutual client base. “Mutual XSP and…
SuperDerivatives Adds Electricity Derivatives Valuations to Commodities Offering
SuperDerivatives has added electricity valuations to its energy and commodities SD-CM platform. The vendor has extended its offering to cover real time accurate pricing of options on electricity prices, risk management, mark to market valuations and pre trade analysis tools for deregulated European markets. Electricity markets exhibit a much higher degree of volatility than other…