A-Team Insight Blogs The latest content from across the platform
Talk of the town
I never thought I’d be saying this, given the glacial pace of change in this particular sector of the market, but it seems that corporate actions has been the talk of the town recently. Not only has the DTCC been forging ahead with its plans for XBRL and ISO, reported in last month’s issue, but…
Swift Talks up STaQS for Corporate Actions, Eyes up Tax Processing
Swift’s corporate actions message testing service, launched in April this year, has gained significant backing from the custodian community, says Max Mansur, senior product and markets manager at Swift. The Simulation Test and Qualification Service (STaQS) allows Swift’s customers to see how their usage of corporate action messages compares to market practice guidelines established by…
Asset Control Appoints New US and EMEA Sales Execs, Expands in Asia
Asset Control has added to its EMEA sales team with the appointment of Claudio Capozzi as EMEA sales director in London. The vendor has also hired Scot Kelly in New York as North American sales executive, as well as expanding its Asia Pacific sales coverage with the relocation of Alex Rich to its Australian office….
CM-CIC Asset Management Selects Pricing Partners for OTC Derivatives Valuations
French asset management group CM-CIC Asset Management has selected Pricing Partners’ pricing tool for OTC derivative products, Price-it Excel. According to the vendor, the asset manager’s department of quantitative research will rely on the Price-it Excel library to manage complex optional structures related to the creation of structured funds and to analyse the integral risks…
Target Group Signs LV= for Data Management of its Loan Operations
Insurance and investment group LV= has signed a deal with Target Group under which the Cardiff-based software and processes provider will take control of the data management of LV=’s existing loan operation for a period of three years. Target will manage the infrastructure that LV= uses for processing, account management, arrears management, and securitisation. The…
Thomson Reuters Down 54% as a Result of Merger Costs
The US$15.9 billion merger of Thomson Financial and Reuters earlier in the year has had a significant impact on the merged entity’s profits as well as on its staffing levels. Substantial integration costs have caused the media group and financial data provider’s second quarter profits to fall by 54%. At the time of the merger,…
Fidelity ActionsXchange Promotes Pollard to Head Operations
Fidelity ActionsXchange has appointed Laura Pollard as executive vice president and head of the company. Pollard will report to Larry Renfro, president of Fidelity Developing Businesses, a new division that comprises a number of growing businesses and strategic initiatives for the corporate actions processing vendor. Pollard, a 19-year Fidelity veteran, will lead all aspects of…
The Opportunities for Cost Savings in Performance Reporting
By Penny Davenport, managing director at Markit Document Exchange In 2008, “credit crunch” has become part of the common vocabulary used across all types of media from business programmes to style magazines. According to Wikipedia, a credit crunch is a sudden reduction in the availability of loans or credit, or a sudden increase in the…
Entity Data is a Natural Extension to Reference Data, FIMA Delegates Told
The industry is moving to an entity driven world and entity data is a “natural extension to reference data”, delegates to FIMA’s Entity Data Management conference in New York were told. This reliance on entity data is evident when a crisis like the collapse of Bear Stearns hits and firms are scrambling to identify exposure,…
OTC Val Expands Derivatives Coverage to Synthetic and Bespoke Products
OTC Valuations (OTC Val), a provider of independent derivatives valuation and risk reports for structured products and exotic derivatives, has expanded its derivatives coverage for credit, inflation, equity, FX, and fixed income products. The vendor has increased its asset class coverage to meet client demands for both vanilla and complex derivatives pricing. OTC Val has…