Data Management Insight Data Governance & Standards The latest content from across the platform
Numerix Adjusts Reference Data Structure to Add Multiple Pricing Curves to Portfolio
Numerix has added out-of-the-box multi-curve modelling to its Portfolio front and middle-office application for pricing, managing risk and hedging structured products, giving users the ability to generate more precise valuations and risk measurements of collateralised structured products. The additional functionality is available in the company’s pricing library and the Portfolio product immediately and follows the…
Bloomberg Offers Cautious Welcome to European Commission Decision on Thomson Reuters’ RICs
Bloomberg has responded to the European Commission’s decision to accept proposals from Thomson Reuters that open its Reuters Instrument Codes (RICs) to greater market use, by welcoming the change, but warning that compliance is critical if an open market for consolidated real-time data feeds is to be created. The company stated: “In a press release…
Thomson Reuters to Open Up RICs for Consolidated Feeds Under EC Settlement
The European Commission has ended its lengthy enquiry into Thomson Reuters’ licensing policies for Reuters Instrument Codes (RICs), accepting commitments from the company that will create a more fluid market for real-time consolidated data feeds. The deal creates a new environment for Thomson Reuters as it finds itself competing in an increasingly open market. The…
Mark Davies Takes Role of CEO at Avox as Ken Price Steps Down
Ken Price has left his role as CEO of Avox, making way for DTCC business development head Mark Davies to take the CEO’s role at the reference data company. UK-based Avox was co-founded by Price and acquired by DTCC in July 2010, at which time Price said he would leave the company once it had…
Interactive Data Adds Corporate Actions Options to Apex Delivery Platform
Interactive Data is migrating its corporate actions data services to the Apex XML-based reference data delivery platform it introduced in October with a view to meeting growing market demand for automated solutions and emerging demand for corporate actions information not only in the back-office, but also in front-office trading and risk management applications. The company’s…
Talking Reference Data With Andrew Delaney: If It Ain’t STP, It Ain’t Worth a F*%£!
Elvis Costello is playing Southend Cliffs Pavilion next June and I’m getting tickets. Last time I saw him at the Cliffs was probably 1980 or thereabouts. (Last time I saw Chelsea lose 3-1 to West Ham [Yes, we were there Saturday] was 1973; Bobby Moore scored. But that’s a different matter….) Needless to say, he…
Coba Proposes Commercial Framework for European Consolidated Tape
The Coba Project, an organisation set up to propose a commercial framework for an industry-led pan-European consolidated tape, reports positive feedback from a letter outlining its plans that it sent to key industry stakeholders earlier this week. Coba’s proposal wraps up the standards recommended ahead of the letter by FIX Protocol Ltd. (FPL) for the…
Financial Services Firms Challenge Regulatory Process During FIMA Debate
Financial services firms called for a bigger picture of market regulation to help them avoid short-term and resource hungry tactical system changes at last week’s Financial Information Management (FIMA) Conference in London. A panel discussion, entitled ‘Developing new business approaches and bringing value to customers in the newly regulated world of legal entity identifiers, consolidated…
Talking Reference Data with Andrew Delaney: The Quiet Rebirth of Interactive Data (Part 2)
It’s well known that Interactive Data Corp. can be a relatively conservative institution. This is in part due to its valuations business, which forces it to make judgments akin to those of a ratings agency, and sometimes results in a somewhat cautious corporate approach. And so there has been a distinct lack of the kind…
FIX Protocol Proposes Standards to Support a European Consolidated Tape
FIX Protocol Ltd. (FPL) has recommended standards to support the consolidation of trade reports and market data in European equity markets. It suggests the standards could play into the European consolidated tape mandated by MiFID and accelerate discussion about similar standards for fixed income and derivatives markets. The recommended standards are the result of work…