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Perplexed By Percentages
A couple of weeks ago, together with Reuters, we conducted a survey of the marketplace to find out how well latency measurement is entrenched, and what users thought of datafeed providers and measurement tool vendors. And we asked them to comment on their current market data handling infrastructures too. One figure that came back –…
Asset Control Appoints Misys’ Bennfors CFO; IBM’s Katsoff Head of Services
Asset Control has appointed two new executives to its senior management team. Peter Bennfors joins the company from his role as operations director with the treasury and capital markets group at Misys as chief financial officer, and Rich Katsoff joins from IBM, where he was associate partner within the business consulting/financial markets group, in a…
Siperian Expands Team with Four Key Hires
Siperian, developer of a master data management (MDM) platform, has appointed four people to its executive team in response to the company’s growth and expansion into new markets. Joining Siperian are Dr Jeff Sidell in the newly created position of chief scientist; Sean Ward as vice president, worldwide sales; Tony Spensieri as vice president, financial…
Reuters Testing Equity Derivatives Pricing Capability, Will Make Prices Available to All Clients in Q3
In a bid to keep up with customer requirements for prices across a broader range of instrument types, Reuters is currently testing a capability to price equity derivatives, with a view to making equity derivatives prices available to all clients in the third quarter. Increasingly, consumers of evaluations have a growing abundance of sources to…
With Derivatives Value Set to Break $500 Trillion Next Year, Cutting Valuations Risk is a Must, Says Celent
Analyst Celent has responded to the buzz around valuations for OTC derivatives and structured products with a report released this month in which it compares risk and pricing analytics solutions to support financial engineering and valuation functions. To put the importance of these solutions in context, Celent predicts that the combined notional value for all…
Interactive Data Adds Independent Valuations of Interest Rate Swaps Based on ICAP Benchmark Curves
Interactive Data Corporation’s Pricing and Reference Data business has introduced a service that will automate the delivery of independent valuations of interest rate swaps based on benchmark curves from ICAP, and trade details input by customers. Ian Blance, vice president, capital markets, Interactive Data (Europe), says this development has been driven by client demand. “Since…
Help Out There for Asset Managers Struggling to Price OTC Derivatives, But Outsourcing No Silver Bullet
One of the many operational challenges faced by fund managers as they invest more in OTC derivatives is accurately valuing portfolios containing hard to price instruments, but the good news is that “there’s a lot of experience out there” for firms to tap into, delegates at the recent Optimising OTC Derivative Operations in Fund Management…
Central Instrument Model, Compliance with ISO 19312 Key in MDDL 3.0, But Does the Market Really Want it?
Version 3.0 of MDDL (Market Data Definition Language) is now available, but the jury’s out on whether the latest iteration of the XML dialect for securities market data will be greeted with any greater degree of enthusiasm by the market than its predecessors. GoldenSource – historically a strong advocate of the standard – has not…
Bimcor Leverages Eagle for Daily Performance Results, Building on Centralised Data Hub
Canadian pension fund manager Bimcor has experienced improved data management and data analysis capabilities after streamlining processes using data management and performance solutions from Eagle Investment Systems. The firm has now completed a project to implement a range of Eagle technology which began in 2004. Bimcor is a wholly owned subsidiary of BCE Inc and…
Firms Will Spend $1.67 Billion on EDM in 2007, Aite Finds, But Most Don’t Plan to Hire Chief Data Officers
Enterprise data management (EDM) initiatives will account for $1.67 billion of spending by financial services firms in 2007, driven in the US by securities reference data challenges and data silos, and in Europe by the requirement to control client and counterparty data to comply with regulation such as MiFID and Basel II. So says analyst…