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Moody’s Corporation Elects Kathy Hill to Board of Directors
Moody’s Corporation announced today that Kathy Hill has been elected to its board of directors. The election is effective immediately. She will serve as a member of the Governance & Compensation Committee and Audit Committee. Ms. Hill, 55, has over 30 years of experience in the management and leadership of operations and engineering organizations. Since…
Thomson Reuters Integrates DataScope Pricing and Reference Data with Black Mountain Systems’ Everest
Thomson Reuters has just completed the integration work involved in allowing Black Mountain Systems’ portfolio management system Everest clients to access the data giant’s DataScope Select pricing and reference data. Brian Buzzelli, head of pricing and reference data for the Americas region at Thomson Reuters, explains the details of the customised data integration process, which…
CMA Releases New Parsing System for Credit Options
CMA Parsing Credit Options is the first parsing solution available for the credit options market. The solution builds on CMA’s extensive parsing technology for OTC markets, which includes CDS, bonds and loan runs. The product extracts pricing data from emails, enabling users to capture and compare a full set of pricing information with volatility surfaces…
SunGard adds Fitch Solutions CDS Data to its FastVal Service for Independent Valuations
SunGard has chosen Fitch Solutions consensus CDS pricing service to enhance SunGard’s FastVal, an independent valuation service for vanilla and structured OTC derivatives. Fitch’s CDS Pricing Service covers up to 3,000 single name CDS contracts using independent pricing data from the member banks of Fitch’s global pricing services consortium. It also includes Fitch CDS Benchmarking…
ISDA Leads Industry Effort to Standardize the Credit Support Annex
The International Swaps and Derivatives Association, Inc. (ISDA) today outlined key provisions to the Standard Credit Support Annex (SCSA) proposal as part of its continuing efforts to increase efficiency and improve standardization in the over-the-counter (OTC) derivatives markets. The SCSA proposal addresses three primary objectives. The SCSA seeks to standardize market practices by removing embedded…
New Interactive Performance & Risk Reporting from BNY Mellon Improves Transparency for Institutional Investors
BNY Mellon, the global leader in investment management and investment services, has introduced a number of enhancements to its Performance & Risk Analytics reporting that offer dynamic, new interactive capability enabling clients to customize, drill-down, and gain greater insight into their portfolio returns. The company’s new Interactive Performance Report (IPR) makes these new features available…
PolarLake Opens German Office
Today PolarLake, a global leader in applying Semantic Web and Big Data Technologies to the challenges of Financial and Reference Data Management, announced the opening of its office in Frankfurt, Germany. Marcus Behrend has joined PolarLake as Business Development Manager for Central Europe. Marcus has over 10 years’ experience in the Financial Services industry and…
EFAMA Publishes Briefing on the European Fund Classification (EFC)
The European Fund and Asset Management Association (EFAMA) has published the second edition of its “European Fund Classification” (EFC) Forum Briefing which updates on progress made towards the adoption and enhancement of the EFC so far this year. The EFC has been launched with a view to enhancing the integrity of European investment funds. The…
Pricing Partners Upgrades its Hybrids Module to Determine the Volatility Bias
Pricing Partners announced today that the award winning Price-it solution enhanced its derivatives pricing library to compute automatically volatility bias due to stochastic interest rates in hybrids models. In a single asset equity (or fx or commodity) model that uses a stochastic interest rates, there is some additional volatility created by the stochastic drift. Hence,…
ESMA’s IFRS Report Highlights “Room for Improvement” in Fair Value Data Disclosure
The European Securities and Markets Authority’s (ESMA) recent report on the application of International Financial Reporting Standards (IFRS) across the European region highlights that firms are still falling short in their data provision for fair value hierarchy and qualitative disclosures on risks arising from financial instruments. Although the European level regulator notes that progress has…