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DTCC Hires Ex-Merrill COO Peiffer as Managing Director and General Auditor
Originally appeared in MiFID Monitor The Depository Trust and Clearing Corporation (DTCC) has hired ex-Merrill Lynch chief operating officer for global compliance Robert Peiffer as managing director and general auditor. He will lead the internal audit activities of the DTCC and its global subsidiaries, with international responsibility. Peiffer will be based in New York and…
Goldman Sachs Selects Derivix for Real-time Options Pricing and Analytics
Goldman Sachs has selected Derivix as the exclusive provider for advanced real-time options pricing and analytics within its Goldman Sachs Electronic Trading (GSET) Signature Programme. According to the vendor, the selection was driven by client demand for fast, accurate and efficient analytics. As a signature partner in the programme, Derivix’s options pricing, analytics and risk…
Interactive Data Steps into Valuations Arena with Prism Valuation Agreement
Interactive Data Corporation’s Pricing and Reference Data business has signed an exclusive agreement with Prism Valuation, under which Interactive Data will be able to provide valuations of complex OTC derivatives and structured products as part of its pricing and evaluation services. The agreement will enable the vendor to further expand and enhance the breadth and…
Deutsche Postbank Picks Asset Control’s AC Plus
German bank Deutsche Postbank has selected Asset Control’s AC Plus financial and reference data management software to provide pricing data to the bank’s risk control department and support its internal value at risk (VaR) model for market risk. Phil Lynch, Asset Control’s president and CEO, says that the vendor has been speaking to the bank…
Tullett Prebon Information Signs Agreement with Koscom to Reach Korean Market
Tullett Prebon Information (TPI), the data subsidiary of Tullett Prebon, has signed a multi year agreement with Koscom Corporation, a Korean provider of specialised IT financial services, under which TPI will supply Koscom with a range of money market and interest rate data. Koscom, which is the software supplier and distribution channel for the Korean…
Outcry for Regulatory Reform and Transparency Paves the Way for E-Delivery and Consent Strategies
Originally appeared in MiFID Monitor By Len Driscoll, chief client officer at NewRiver The fallout from the recent financial market turmoil and the looming presidential election have created a ‘perfect storm’ for a regulatory impact to hit by year end. After a decade of false starts and failed attempts at fixing the cumbersome, costly ‘big…
BPO Provider B-Source Partners with Aim Software for Data Platform
Following the certification of the Avaloq|Gain adapter earlier this month, Aim Software has entered into a partnership with business process outsourcing (BPO) and IT operations outsourcing (ITO) service provider B?Source. Under the agreement, clients of B?Source will be provided with a central reference data management platform based on Aim Software’s Gain Golden Copy. B?Source, which…
…While GarantiBank Picks GFI’s Fenics FX for FX Options Pricing and Risk Management
Dutch bank GarantiBank International has selected GFI’s FX options pricing and risk management software, Fenics FX, for the management and revaluation of its forex options positions. Under the agreement, the bank has taken a three year licence for the software. Atilla Burmali, senior system analyst at GarantiBank, explains: “The bank needed better security and transparency…
GFI Group Provides Prism Valuation with Credit Derivatives Data…
GFI Group and Prism Valuation, a provider of valuation and risk management services, have signed a multi-year agreement for Prism to use GFI credit derivatives data in its valuation services. Philip Winstone, global head of data sales at GFI, explains that discussions between the two parties have been ongoing since March this year. “A short…
Hedge Fund Software Vendor Tradar Creates Interface to Thomson Reuters Reference Data Systems
Tradar, a software provider to the hedge fund industry, has created an interface to link its portfolio management and accounting platform to Thomson Reuters’ reference and historical pricing systems. According to the software vendor, the move is a reaction to increased customer demand for Thomson Reuters’ data. Tony Swei, CEO, Tradar, explains: “Recently, we’ve found…