A-Team Insight Blogs The latest content from across the platform
Xenomorph and Microsoft Partner for HPC in Data Management
Following the formation of a strategic partnership between Xenomorph and Microsoft last month, the vendors have now completed a project to integrate Xenomorph’s time series technology with Microsoft’s SQL Server 2008. However, the partnership was formed to apply high performance computing (HPC) to data management in financial markets and the vendors are also engaged in…
DerivActiv Expands Services to Cover FAS 157 Reporting Requirements
DerivActiv, a provider of independent derivatives valuations, has expanded its services to include non-performance risk adjusted valuations for FAS 157 reporting of derivative products. The vendor explains that it has developed a proprietary procedure to evaluate non-performance risk and adjust mid-market values to comply with the fair value reporting requirements. According to the vendor, its…
ECB Hosts Meeting on CCPs for CDS Market, Indicates Support for Greater Transparency
Originally appeared in MiFID Monitor Following the meetings last month hosted by the Federal Reserve Bank of New York and the European Commission, the European Central Bank (ECB) has joined the debate concerning the introduction of central counterparties (CCPs) for credit default swaps (CDSs). The ECB hosted its first meeting this week and participants included…
BNY Mellon Asset Servicing Appoints Gruber as Performance & Risk Analytics Product Head
Originally appeared in MiFID Monitor Bank of New York (BNY) Mellon Asset Servicing has appointed John Gruber as head of global product management for its Performance & Risk Analytics (P&RA) product line. He replaces Debra Baker, who recently was named chief administrative officer for the bank’s Global Corporate Trust division. Gruber will be based in…
Petra Financial Promotes Marks to Executive Management Team
Petra Financial has promoted Tony Marks to its executive management team and to the position of director of the vendor’s holding company. According to Petra Financial CEO David Sinclair, the appointment is part of its drive to strengthen its commercial focus. Sinclair explains: “Tony Marks has been with Petra Financial from the outset and has…
PolarLake Joins EDM Council, as Focus on Practical Implementation Intensifies
PolarLake has joined the Enterprise Data Management (EDM) Council, the not for profit business forum for financial institutions involved in the EDM business. John Randles, CEO PolarLake, explains that the vendor has been keeping an eye on the activities of the group for some time but feels the time is now right to join. “We…
Nelson Departs Thomson Reuters for BNP Paribas Securities Services
Barnaby Nelson, who was most recently a business owner at Reuters Pricing and Data, has been appointed head of business development for Asia for BNP Paribas Securities Services. He will continue to be based in Hong Kong and report to Margaret Harwood-Jones globally and locally to Bruno Campenon as head of BNP Paribas Securities Services,…
DTCC Confirms Decision to Publish Trade Information Warehouse Data
Following the rumours circulating early last week, the Depository Trust & Clearing Corporation (DTCC) has confirmed that it will begin to publish aggregate market data from its Trade Information Warehouse, the worldwide central trade registry it maintains on credit derivatives. DTCC will begin circulating the data tomorrow (4 November) on its website. It will post…
ICE to Acquire Clearing Corporation, Strengthens OTC Derivatives Coverage
Following the announcement earlier in the month that IntercontinentalExchange (ICE) would be partnering with the Clearing Corporation (TCC) for its venture into credit derivatives clearing, the exchange operator has announced its intention to acquire the firm. ICE chairman and CEO Jeffrey Sprecher explains that the acquisition is part of ICE’s commitment to developing a market…
Fair Value Accounting Debate Continues in US House of Representatives
The ongoing debate about mark-to-market accounting has taken another turn, as the chairman of the US House of Representatives Financial Services Committee, Barney Frank, suggested earlier this week that the industry needs more flexibility in the area of valuations. He told the meeting that he currently has no plans to legislate accounting practices or to…