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Majority of CDS Products Will Never be Centrally Cleared, Says Tabb Group
In new research published today, Tabb Group says the majority of credit default swaps (CDS) products blamed for adding significant systemic risk to the global financial markets will never be centrally cleared in the United States and Europe. According to the report’s authors, Larry Tabb, founder and CEO, and Robert Iati, partner, global head of…
Concerns Raised About Asian CCP for OTC Derivatives
The rise of the clearing counterparty (CCP) seems unstoppable at the moment. Not only are efforts being made in Europe and the US to move OTC derivatives onto central clearing platforms with a view to reducing counterparty risk, Asia has got in on the act too. This news has not been welcomed by all parties…
Eurex and ICE Aim for European CCP Launches by End of the Month
Against the background of a shifting regulatory framework, the European central counterparty (CCP) race for the derivatives market is heating up. NYSE Liffe is considering dropping out of the race altogether, whereas Eurex Clearing and IntercontinentalExchange (ICE) are planning to launch their offerings by the end of the month deadline, which was set by the…
Fascet Partners with Hosting Vendor Rackspace to Support SaaS Offering
US-based enterprise data management (EDM) solution vendor Fascet has signed a partnership agreement with hosting specialist Rackspace to support its new software as a solution (SaaS) offering. Accordingly, the vendor has been enabled to offer its Fascet Trade Communicator, a post-trade notification solution that processes any asset type including complex OTC derivatives, in a SaaS…
South Africa’s Prescient Selects Eagle Investment Systems’ Access ASP
Eagle Investment Systems, a subsidiary of The Bank of New York Mellon, has been selected by Prescient to deliver its integrated investment management suite via its application service provider (ASP), Eagle Access. Prescient, with R60 billion under management in South Africa, selected the Eagle suite to streamline its growing local and global operations. Eagle will…
Volante Launches Annual Subscription Pricing Model for Data Management Offering
Volante Technologies has released a new enterprise pricing model for its tools for integration, data management and data governance. In addition to perpetual licenses, Volante enterprise tools are now available by annual subscription incorporating all maintenance and upgrades. According to the vendor, the result is dramatically reduced upfront costs for financial institutions seeking a unified…
Switzerland’s Banque CIC Implements Gain|Avaloq Adapter for SIX Telekurs VDF Data
Swiss bank, Banque CIC (Suisse), has upgraded its existing implementation of Aim Software’s Gain Data Management platform for an enhanced processing of SIX Telekurs VDF data in Avaloq via the Gain|Avaloq adapter. The bank, which is headquartered in Basel, has been using the Gain platform since 2002 for the processing and reporting of data from…
M&A and JVs Good Idea in Principle, More Difficult in Data Practice
The news this week that Morgan Stanley and Citi’s joint venture in the wealth management space, dubbed Morgan Stanley Smith Barney, will be delayed by up to two years as a result of IT integration issues, will not be news to the data management community. After all, this sector of the industry has been suffering…
Bloor Research Examines Vendor Coverage of Data Profiling, Cleansing and Quality
Following its publication of a report on the data discovery vendor community, consultancy firm Bloor Research has produced three more reports on other areas of the data management spectrum: data profiling, data cleansing and data quality. The smaller vendors in the reports seem to appear in the most favourable light due to their targeted coverage…
Divisions Between Market and Reference Data Causing Issues for Transparency, Says GoldenSource
A major hurdle to achieving a consistent view of pricing, positions and exposure lays in the divide between market data feeds and reference data repositories, according to GoldenSource, a provider of enterprise data management (EDM) solutions. “By definition, enterprise risk management and reporting should go front to back as well as across assets,” says Gert…