A-Team Insight Blogs The latest content from across the platform
Reuters Aims to Price 100% of Customers’ Derivatives Holdings
Reuters’ recently announced service for delivering bespoke valuations for derivatives and complex securities (ReferenceDataReview.com, January 28 2008) formalises an activity the vendor has been testing for a couple of years, and reflects a recognition that firms increasingly want to offload the valuations burden on to a third party. Reuters has been providing bespoke evaluations to…
Credit Crunch Pushes Industry Mood in Favour of Third Party Valuations, OTC Val’s Blance Believes
The credit crunch may have put pressure on spending decisions by financial institutions, but the need for external sources of evaluated prices, particularly for asset backed securities, has been “starkly portrayed”, and the “mood is definitely swinging in favour” of making greater use of third party sources, believes Ian Blance, who recently joined derivatives specialist…
Swiss Life Funds Live with Aquin Data Management, Reporting Platform
Swiss Life Funds (Group Swiss Life), a subsidiary of Swiss Life Investment Management Holding, Zürich, has implemented Aquin Components’ central data management and reporting platform to support consolidation of fund and historic data and unified fund reporting, DVS. It took just 10 months to fully implement the DVS platform, providing Swiss Life Funds with a…
Telekurs Financial, Euroclear UK & Ireland Sign Data Supply Agreement
Telekurs Financial and Euroclear UK & Ireland have signed an agreement for the supply of certain static securities data available at Euroclear UK & Ireland. Euroclear UK & Ireland is the central securities depositary (CSD) of the UK and Ireland, and operates the multi-currency, real-time settlement system processing transactions in all UK securities, Irish equities…
EDI Adds Structured Products to Corporate Actions Database
Exchange Data International (EDI), a specialist in the aggregation of reference and corporate actions data, has integrated structured products into its corporate actions database and Security Reference File services. Thus far EDI has integrated the following instruments into its database: Close Ended Funds, Investment/Income Trusts or Listed Investment Companies, Exchange Traded Funds, Principal Protected Notes,…
The good, the bad and the ugly (news)…
News that Credit Suisse has been forced to suspend a group of traders in its structured credit trading division after “mis-markings and pricing errors” contributed towards another sizeable write-down serves as a further reminder – if one were needed – that ensuring accuracy and transparency in valuations of complex and hard to price instruments is…
BNY Mellon Asset Servicing Goes Live on ValueLink OTC Service
UK-based ValueLink has extended its provision of data services to BNY Mellon Asset Servicing to include OTC counterparty price collection and data reporting. The service for BNY Mellon, which ValueLink has been providing since the first week of December 2007, following extensive testing, is similar to that which the vendor has been providing to BNP…
Netik Buys CRDS, Replaces BNY With VC, Pursues Service Vision
The question of what the merger of Bank of New York and Mellon would mean for the two data management vendors owned by the banks, Netik and Eagle Investment Systems respectively, has been answered, as Netik reveals its new primary investor as Symphony Technology Group. The two-part deal orchestrated by Netik (with Marlin & Associates…
Markit to Launch Multi-Dealer Valuations Platform
UK market data vendor Markit Group is working with six Wall Street banks to launch a global, multi-bank, cross-asset client valuations platform. The Markit Valuations Manager platform will provide electronic delivery of daily OTC derivative and consensus cash valuations from Citi, Credit Suisse, Goldman Sachs, JPMorgan, Merrill Lynch and UBS alongside Markit’s own independent valuations….
Standard & Poor’s to Provide Counterparty Data Feed to Siperian MDM Hub
Standard & Poor’s is providing a counterparty data feed to Siperian’s master data management (MDM) Hub, enabling Siperian customers to view relationships between securities, issuers, parents and subsidiaries for better risk analysis and operational management. With the combination of Siperian’s master data management platform and Standard & Poor’s security and legal entity data feed, Security…