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Interactive Data to Acquire Majority of NTT Data Financial for US$20.2m
Interactive Data Corporation has announced its intention to acquire the majority, at 64%, of NTT Data Financial Corporation (NDF) from NTT Data Corporation for 1.9 billion yen, or approximately US$20.2 million, in cash. The two firms have been redistribution partners for more than 14 years but Interactive Data made the decision to have a direct…
Pendo Systems and Data Agent Partner for Data Management Offering
Investment accounting solutions vendor Pendo Systems has formed an exclusive strategic alliance with buy side data management solution vendor Data Agent to deliver an integrated solution aimed at streamlining data management for financial services firms. The two firms are attempting to provide customers with a multi-dimensional platform on which to manage their investment data. The…
Brazilian Hedge Fund Paineiras Investimentos Picks Xenomorph’s TimeScape
Brazil-based hedge fund Paineiras Investimentos has selected Xenomorph’s TimeScape data and analytics management system to replace its current Excel-based solution for data management and validation, risk management and back testing. The hedge fund hopes the system will significantly accelerate its trading and risk management processes, according to partner and trader in the firm Andre Portilho….
Markit Appoints Naro EVP and Global Co-Head of Equities, Commodities and Risk Management
Markit has added Sal Naro to its New York office and appointed him to the position of executive vice president and global co-head of equities, commodities and risk management. He will work in partnership with London-based executive vice president Niall Cameron. Naro joins Markit from fixed income hedge fund Sailfish Capital Partners where he was…
Corero Appoints Forsgren as Head of Sales
Following a difficult year in terms of performance and the departure of a number of senior executives, corporate actions solutions vendor Corero has decided to finish the year with a new head of sales: Mats Forsgren. He will be responsible for all sales activities globally with the Corero Financial Markets division and joins from Chris…
Industry Focus on Risk May Result in More Investment in Corporate Actions Automation, Says Swift and CityIQ Panel
Despite the downturn in the markets, corporate actions automation has not fallen off the industry radar, according to speakers at CityIQ and Swift’s London seminar at the end of October. Rather than driving down spending, a reduced tolerance for risk provoked by recent events could instead encourage increased investment in corporate actions automation in the…
NumeriX Extends Integration Partnership with Calypso Technology
NumeriX, an analytics provider for structuring, pricing and valuation of derivatives and structured products, has extended its integration partner agreement with Calypso Technology, with whom it has been working with since 2005. As a result of this expanded agreement, Calypso users will now have access to NumeriX’s pricing and risk analytics software. As per the…
EDM Council Adds 12 More Members to Champion the Ref Data Cause
The Enterprise Data Management (EDM) Council added 12 new member institutions to its ranks to help it champion the cause for industry collaboration on data management issues. Michael Atkin, managing director of the not for profit organisation, reckons the new additions demonstrate the rising importance of data management in the market. The new members comprise:…
Quantifi Opens Australian Office, Appoints Glover to Head
Quantifi, an analytics and risk management solution provider, has opened an office in Sydney, which it says is in response to increasing regional demand. The firm has appointed James Glover as head of APAC sales to manage the Asia Pacific region, including its existing business in Japan. The Sydney office will focus on product development,…
StatPro Launches SaaS System for Pricing of Complex Financial Assets
StatPro Group has launched a new software as a service (SaaS) offering for the pricing of complex financial assets. The new system covers instruments that the vendor describes as needing a complex valuation model and traded market data to be priced, including interest rate swaps, credit default swaps on single names and baskets, FX forwards…