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NewRiver Joins XBRL US as Part of Plan to Simplify Financial Disclosure
NewRiver, a US provider of a central repository of mutual fund documents and data for financial services firms, has joined XBRL US, the national consortium for XML business reporting standards. The firm has joined the consortium in order to help the industry simplify financial disclosure, according to Russ Planitzer, president and CEO of NewRiver. The…
Essent Trading Replaces Proprietary Pricing Database with Asset Control’s Platform
Swiss energy trading outfit Essent Trading has picked Asset Control’s data management software to replace its proprietary pricing database. The firm is using the Asset Control solution to centralise its energy and commodity market data. According to Essent Trading, its growth in energy and commodities across markets in Europe means that the ability to manage…
SEC Launches Online Reference Site for AML for Mutual Funds
Originally appeared in MiFID Monitor The Securities and Exchange Commission (SEC) has unveiled a new one-stop online reference site to assist mutual funds in their anti-money laundering (AML) compliance efforts. It has also launched a new centralised phone line specifically for securities firms to report the filing of a suspicious activity report (SAR) that may…
Broadridge Completes Acquisition of Investigo as Part of EDM Push
Broadridge Financial Solutions has successfully completed the acquisition of Investigo Corporation as part of its plans to strengthen its positioning in the enterprise data management (EDM) and compliance space. According to the vendor, this acquisition complements a number of its initiatives targeted to support the wealth management strategies of its customers and Investigo’s products and…
Interactive Data Signs Agreement with Expansión for Spanish Funds Data
Interactive Data Corporation’s Managed Solutions group has signed an agreement with Spanish financial information company Unidad Editorial (Un), under which Interactive Data has rights to market and distribute funds data provided by Un’s newspaper Expansión in Spain and Portugal. The agreement also includes calculating, maintaining and distributing Expansión’s new star ranking of funds in both…
DTCC Appoints Burton VP of Product Risk and Strategy
The Depository Trust & Clearing Corporation (DTCC) has promoted Jisun Burton to vice president of product risk and strategy. In her new role, she will be responsible for the risk activities of DTCC OTC derivatives subsidiary DerivServ. Burton will be responsible for managing risk associated with all OTC derivatives products, operations, and regulatory issues. She…
Interactive Data Expands Interest Rate Swap Valuation Service
Interactive Data Corporation’s Pricing and Reference Data business has expanded its interest rate swap valuation service by adding 3pm ET valuations, independent valuations for compounding swaps, and certain historical valuations for interest rate and credit default swaps. According to the vendor, it currently offers interest rate swap valuations in six major currencies and estimates that…
NumeriX Opens New NYC Headquarters
NumeriX, a provider of cross asset analytics for derivatives and structured products, has opened its new global headquarters in Midtown, Manhattan in order to accommodate the rise in its staff numbers. NumeriX president and chief operating officer, Steven O’Hanlon, says: “Through this challenging time, we have been able to welcome many talented and experienced professionals…
Citadel Solutions Picks Markit for Portfolio Valuations
Citadel Solutions, a provider of hedge fund administration and reporting services, and data, portfolio valuations and OTC derivatives trade processing vendor Markit have signed an agreement under which Markit will provide Citadel Solutions’ clients with independent portfolio valuations. John Buckley, president of Citadel Solutions, explains: “This agreement is part of the multi-vendor strategy we use…
XSP Appoints Barth as Sales Exec for North America
XSP has appointed John Barth as senior sales executive responsible for managing accounts in North America for the XSP Corporate Actions software product. Based in Birmingham, Alabama, Barth reports to John Kehoe, director of sales for the region. Brendan Farrell, CEO at XSP, says: “His depth of experience in technology sales will be crucial as…