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American Bankers Association and SEC Discuss Fair Value Accounting
The American Bankers Association (ABA) is currently engaged in discussions with the Securities and Exchange Commission (SEC) regarding fair value accounting under the current market conditions. The two bodies are conducting the talks during two scheduled roundtable discussions this week. Aubrey Patterson and Randy Ferrell, both representatives from the ABA, have voiced concerns over the…
Asset Control Launches Upgraded Front End for AC Plus to Enhance Speed and Efficiency
Asset Control has launched an upgraded front end for its AC Plus financial and reference data management software solution, which it says enhances the speed and operational efficiency of the desktop interface. Rick Enfield, product business owner, Asset Control, explains that the core development process of AC Plus Desktop 3.0 took 15 months. “Organisations are…
TSE and Markit Sign Cooperation Agreement for Potential Valuations JV
Tokyo Stock Exchange Group (TSE Group) and Markit Group have signed a cooperation agreement, under which the two parties will work together to examine the feasibility of potential business alliances for areas including valuations and indices. The memorandum of understanding, which was signed on 28 October, includes the foundations for the establishment of a joint…
NumeriX Releases Version 7.2 of its Solution, Expands Model Coverage
NumeriX has upgraded the platform underlying its solutions by introducing new functionality and greater model coverage. According to the provider of cross asset analytics for derivatives and structured products, NumeriX 7.2 includes additional capabilities for all asset classes covered and new models and functions for credit, inflation and hybrid derivative products. The new NumeriX 7.2…
SmartCo Upgrades EDM Offering to Include Wider Complex Product Coverage
SmartCo has upgraded its centralised enterprise data management (EDM) solution, Smart Financial Data Hub (SFDH), to include functions for modelling and managing the fundamentals of credit derivative products, special purpose vehicles and complex underlying instruments. The vendor says the upgrade is a reaction to the current financial climate and the requirements to deal with the…
Eagle Investment Systems Claims Market Appetite for Data Management Increasing
Despite the market downturn, Eagle Investment Systems has reported a heightened interest in its data management solution, particularly for the ability to manage risk and provide issuer and risk exposure reporting. The vendor claims the main driver for this increased demand stems from recent market volatility that has left many institutional investors scrambling to quantify…
Moody’s Enhances CreditQuotes Pricing, Data and Valuation Service with Credit Risk Measures
Moody’s Analytics has enhanced its CreditQuotes pricing, data and valuation service with credit risk measures from throughout Moody’s. The new CreditQuotes credit dashboard is aimed at enabling fast and effective analysis of debt and credit derivative instruments for relative value and risk management purposes, says the vendor. The CreditQuotes credit dashboard pairs market-based credit risk…
Asian Ops of Tier 1 European Bank Selects SmartStream’s TLM Corporate Actions
The Asian operations of a tier 1 European bank has selected SmartStream Technologies’ Transaction Lifecycle Management (TLM) Corporate Actions solution with a view to improving processing efficiency throughout the corporate event lifecycle and reduce risk. According to the vendor, the solution allows the bank to achieve automation in previously highly manual processes. The bank’s operations…
Euro MTFs Form Group to Develop Symbology for Pan-European Stocks
Originally appeared in MiFID Monitor Three leading and emerging European multilateral trading facilities (MTFs) have teamed up to boldly go where no man has gone before – that is, to create a common symbology for market data on securities traded across Europe’s suddenly and increasingly fragmented markets. Bats European Markets Division, Chi-X Europe and Nasdaq…
Standard & Poor’s Launches New Business Line for Due Diligence Around Pricing
Standard & Poor’s has launched a new business line aimed at helping investors perform due diligence on the financial instruments in their portfolios, including enhanced analytics and context around asset pricing. The new business, which has been dubbed Fixed Income Risk Management Services (Firms), combines several previously separate business and product lines under a unified…