TradingTech Insight Blogs The latest content from across the platform
Solid Reference Data a Prerequisite For Liquidity Management Success
If you thought the heady world of automated trading, dark pools and liquidity fragmentation under MiFID and RegNMS had little effect on the humble reference data function, then you thought wrong, it seems. A recent research note from analyst Tabb Group identifies a growing need for sell side firms to establish comprehensive liquidity management functions,…
A-Team Analysis: IBEI Fears Grow as MiFID Approaches
Concern among industry participants is growing about the possible operational and financial implications of the current lack of a standard International Business Entity Identifier (IBEI) for use in transaction reporting under MiFID. The issue raised its head (again) during a meeting of experts this month in London under the auspices of an ISO Working Group…
Lack of Standard IDs Constrains OTC Equity Derivatives Growth
Where do we go from here? This is the question posed in a recent paper from analyst Aite Group, exploring trends in OTC equity derivatives. OTC equity derivative growth has been steadily increasing – the market grew by a year over year rate of 32 per cent as of June 2006, according to the International…
Markit Integrates ABSReports Data into ABS Pricing Service
Data and valuations provider Markit Group has acquired ABS deal reporting service ABSReports, and will integrate its performance data into the Markit European ABS pricing service. The integrated offering will bring greater efficiency and transparency to the secondary European ABS market, Markit says. According to Ben Logan, managing director of product development at Markit, a…
OpHedge Migrates Clients on to GoldenSource Security Master
New York based hedge fund administration provider OpHedge Investment Services has begun to migrate its clients on to the GoldenSource security master solution, and plans to start implementation of the vendor’s positions repository later this year. The firm signed up for the two components of GoldenSource’s enterprise data management solution last March (Reference Data Review,…
Mellon to Provide Independent OTC Derivatives Valuations
Mellon Financial Corporation is to provide to institutional clients through its Asset Servicing group an independent over-the-counter (OTC) derivatives valuation service covering a range of swaps and options. The move comes as regulatory and risk pressures force investors to seek independent valuations, rather than relying entirely on their investment managers or prime brokers. The new…
Netik InterView Central to SOA At Daiwa Securities GAS
Dublin based hedge fund administrator Daiwa Securities Global Asset Services (GAS) has rolled out the Netik InterView data warehouse platform for data management and reporting. The Netik solution is central to the administrator’s services oriented architecture (SOA) strategy, based around Microsoft .Net technologies, and going forward will be used to synchronise all data between its…
HSBC Securities Services First Phase Live on CheckFree eVent
HSBC Securities Services (HSS) has implemented CheckFree’s eVent solution to deliver automated corporate actions processing for its investment administration clients. eVent is live for data cleansing and event capture, interfacing to data vendor feeds, static data sources and custodians for Swift messaging. Going forward, HSBC will roll out the eVent system to provide end to…
FT Interactive Data Adds Enhancements to Bank Loan Pricing Service
FT Interactive Data has enhanced its bank loan pricing service, which pro-vides clients with access to independent valuations of syndicated bank loans and now also automates the delivery of refinancing, termination and substantial amendments to loans, as well as the effective date of the change. Bank loan prices are provided by Markit Group and drawn…
Bisys Teams with Markit for Independent Derivatives Pricing
BISYS Alternative Investment Services (BISYS) has entered into an agreement for the independent pricing of complex over-the-counter (OTC) derivatives with Markit Group. The integration of Markit Portfolio Valuations and the BISYS platform enhances the existing relationship between the two companies, which was established in 2004 to strengthen BISYS’ capabilities in the area of credit pricing.