A-Team Insight Blogs The latest content from across the platform
Standards: Speaking the Same Language Worldwide By Frank Träxler, international sales manager, WM Datenservice
Due to the increasing complexity of its fields of activity and the relevant regulatory framework, the financial industry is faced with ever greater challenges in managing its systems, processes, data and information. The international environment, subject to diverse regulations (for example, EU Prospectus Directive, EU Savings Tax Directive, EU Transparency Directive, and MiFID), is fraught…
Stick provides carrot for data community
It seems that the threat of greater regulatory involvement has spurred on a flurry of activity and innovation in the data community over the last few months. As institutions’ IT purse strings have tightened and closer scrutiny has been paid to areas such as counterparty risk and fair value pricing, vendors have upped their game…
DTCC’s Donahue Joins XBRL US Board of Directors
Following the agreement between XBRL and the Depository Trust & Clearing Corporation (DTCC) earlier in the year to cooperate on corporate actions standards, Donald Donahue, chairman and CEO of DTCC, has joined XBRL US’s board of directors. XBRL US, the non-profit consortium for XML business reporting standards in the North American marketplace, says that DTCC…
Quantifi Releases Version 9.1 with New Models for Pricing CDOs
Quantifi, a provider of analytics and risk management solutions to the global credit markets, has released version 9.1 of its software, which it says is aimed at allowing customers to more closely track the market. The updated version includes new models for pricing collateralised debt obligations (CDOs) and a flexible interface that enables users to…
Thomson Reuters Replaces Olver with Banga on Board of Directors
Thomson Reuters has appointed Manvinder Singh Banga to its board of directors as a non-executive director, effective on 1 January 2009, and indicated that Dick Olver will retire from the board at the end of this year. The vendor hopes that Banga’s Asian market experience will contribute to its growth plans for the region. Banga,…
US-based Bank Picks SmartStream TLM Corporate Actions
An unspecified US-based banking institution has selected SmartStream Technologies’ Transaction Lifecycle Management (TLM) Corporate Actions solution to create a global utility for corporate actions processing. According to the vendor, the bank is already an existing SmartStream TLM customer and will use TLM Corporate Actions for its global wealth management and institutional business units. At the…
Financial Information Forum Highlights the US$250m Cost of New Options Symbology, Finds Industry Dissatisfaction with Lack of Agreed Standards
The majority of industry participants are disappointed and frustrated that an agreement has not been reached on an alternative standard to the Options Price Reporting Authority (Opra) code, according to a recent study by the Financial Information Forum (FIF). Mary Lou Von Kaenel, managing director, management consulting at New York-based consultancy Jordan & Jordan, which…
Eurex Clearing Releases Details for its Credit Derivatives Clearing Solution
Originally appeared in MiFID Monitor Following the announcements by players such as CME and ICE last week, Eurex Clearing has finally revealed more details about its planned central clearing solution for credit derivatives. According to Eurex, the Deutsche Bundesbank has indicated its support for a European central clearing solution for OTC credit derivatives that will…
Interactive Data Adds More Data to Probate Valuation Service
Interactive Data Corporation’s Pricing and Reference Data business has enhanced its Probate Valuation service by adding valuations for new instruments including hard to price securities. According to the vendor, the service now offers valuations for more than six million global listed securities and funds, as well as unit trusts, and takes into account undistributed dividends…
SEC’s Cox Calls for Congress to Regulate CDS Market, Continues Debate with CFTC About Jurisdiction
Originally appeared in MiFID Monitor Securities and Exchange Commission (SEC) chairman Christopher Cox has repeatedly urged the US Congress to pass legislation concerning the oversight of the credit default swap (CDS) market. Cox again made a plea to the US government last week to provide regulation of the sector as a matter of urgency. However,…