A-Team Insight Blogs The latest content from across the platform
McCreevy Calls for Clear Roadmap to Establish CDS Clearing Counterparties Before Year-End
Originally appeared in MiFID Monitor European Commissioner for Internal Market and Services Charlie McCreevy has called for the industry to establish central clearing counterparties for the credit derivatives markets before the end of the year. During the first meeting of the European Commission’s working group on derivatives, McCreevy stressed the urgency for more transparency in…
Interactive Data Picks D’Arcy to Succeed Clark as President and CEO
Interactive Data has finally selected a replacement for Stuart Clark, its current president and CEO, who is due to retire next year. The firm has indicated that Raymond D’Arcy, the president of sales and marketing for Interactive Data, will take over the role. D’Arcy has served in a variety of executive roles during his 29…
ICE on the Hunt for Credit Derivatives Clearing Counterparty Head
Following the announcement of its intention to buy Clearing Corporation last week, IntercontinentalExchange (ICE) has indicated that it is currently searching for a suitable candidate to head its credit derivatives clearing counterparty venture. The exchange operator is planning to launch its global clearing platform for credit default swaps (CDSs) later this month. It is likely…
US SEC Eases Registration Requirements for CDS Clearing Counterparties
The US Securities and Exchange Commission (SEC) has indicated that it will ease the registration requirements for the contenders in the race to establish a central clearing counterparty for the credit default swap (CDS) market. According to market reports, the regulator is aiming to expedite the creation of clearing counterparties and standardise the criteria to…
Distributed Data Management: The Subtle Necessity in the Wake of the Crisis?
By Don DeLoach, CEO of Aleri Nobody would argue that these are interesting times. As we sit in the wake of the largest global financial crisis most of us have ever witnessed, we face market conditions like never before. A looming global recession seems clear, and the imperatives that come with that are becoming obvious….
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…