Data Management Insight Blogs The latest content from across the platform
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.
CMA DataVision CDS Prices Available Via Sophis VALUE
Sophis has developed an interface to enable users of its VALUE buy side platform to have direct access to CMA DataVision, CMA’s same day closing credit default swap (CDS) prices. Meanwhile, CMA has announced that its price discovery service CMA QuoteVision can now parse Loan Credit Default Swaps (LCDS) quotes. The LCDS enhancement to CMA…
European Firms to Spend €€30m on CA Data Scrubbing by 2010
Financial institutions in Continental Europe spent some €200 million on internal and external corporate actions solutions in 2006, with 75 per cent of that spend going on inhouse development, according to a recent report from analyst Celent, Corporate Actions Automation in Continental Europe. Celent expects this proportion to decline to 55 per cent by 2010,…