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Interactive Data Confirms Financial Results for Q3 2008
Following the announcement of its preliminary results last week, Interactive Data Corporation has confirmed that its revenue for the third quarter of 2008 increased 7.7% to US$188.6 million from US$175.0 million in the same period last year. The vendor’s financial results for the third quarter ended 30 September 2008 also confirm that net income for…
Banque de Luxembourg Implements Aim Software’s Golden Master Solution
Banque de Luxembourg (BDL) has decided to implement Aim Software’s flagship Golden Master solution, with a view to optimising the delivery of validated pricing data and static data from Telekurs, Bloomberg and Wertpapiermitteilungen (WM) into Avaloq. Josef Sommeregger, head of business development and sales at Aim, explains the details to Reference Data Review. In the…
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…
SEC’s Cox Calls for Merger of CFTC and SEC
Originally appeared in MiFID Monitor The credit derivatives regulatory turf war that has been ongoing for the last couple of months may soon be over if the proposal by the chairman of the US Securities and Exchange Commission (SEC) for a merger between the SEC and the Commodity Futures Trading Commission (CFTC) is approved. Christopher…
StatPro Integrates Market Data Offering into CGI’s StarSource Managed Data Solution
IT and business process services provider CGI Group and portfolio analytics and data solution provider StatPro Group have partnered to integrate StatPro Market Data into CGI’s StarSource Managed Data Solution. Under the agreement, StatPro has become the primary supplier of pricing, corporate action and dividend information to CGI’s StarSource customers. StarSource is a component of…
GFI Group and Thomson Reuters Extend Agreement to Cover Reuters Datascope Real-Time
GFI Group and Thomson Reuters have extended their existing data agreement, which has been in place since 2003, to incorporate Reuters Datascope Real-Time (RDRT). This means that Thomson Reuters customers may now subscribe to GFI market data via RDRT for use in algorithmic trading, risk management, portfolio pricing and valuations. The agreement covers GFI credit…
NumeriX and R2 Financial Technologies Partner for Cash and Synthetic Credit Instrument Valuations
NumeriX, a provider of analytics for the derivative and structured products markets, and R2 Financial Technologies, a provider of solutions for pricing and risk profiling structured credit strategies, have teamed up to develop a solution aimed at enabling the pricing and valuation of cash and synthetic credit instruments. According to both vendors, the NxR2 solution…
BNY Mellon Picks GFI Fenics FX for Pricing Services in NYC, London and Tokyo
Bank of New York Mellon has signed a three-year license for GFI Fenics FX, pricing and risk management software from GFI Group, for use in its offices in New York, London and Tokyo. The banking and asset management firm says it will primarily use GFI Fenics FX for central pricing and risk management and global…
McCreevy Adds His Voice to Debate on CDS Clearing Counterparty
Originally appeared in MiFID Monitor European Union internal markets commissioner Charlie McCreevy has added his two pennies worth to the debate on the introduction of a clearing counterparty for the credit default swap (CDS) market by urging European players to get involved. McCreevy is concerned that Europe may be left behind in the race to…