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The Realization Group Partners with UnaVista to Deliver Post Trade Services
The Realization Group (TRG) announced today that it has selected UnaVista as a preferred partner in the TRG Post Trade Services solutions portfolio. UnaVista is the London Stock Exchange’s secure hosted platform for all validation, matching and reconciliation needs. UnaVista offers a number of solutions including Post Trade services, Data Solutions and Reconciliations. TRG have…
European Commission’s Almunia Highlights Ongoing Investigations of S&P for ISINs and Thomson Reuters for RICs
Quite some time has passed since the European Commission kicked off its investigation into Standard & Poor’s pricing practices concerning International Securities Identification Numbers (ISINs) back at the start of 2009 and, later in the year, into Thomson Reuters’ licensing of its proprietary data codes. However, the Commission is still deliberating on the outcome of…
Technology Capabilities Could Enable Algorithmic Descriptions for Derivatives, But Standardisation is Lacking
Following their request for input from the industry back in December, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have published a paper outlining the findings of their joint study to examine the feasibility of adopting new algorithmic codes to identify complex and standardised derivatives. The study indicates that the…
Carne Recruits IFS Founder to Join Expanding Team of Independent Fund Directors
Carne Global Financial Services has added a senior figure in the Irish funds industry to its growing list of experienced independent fund directors. Mary Murphy joins Carne as a managing director, Alternatives, and will be based in the firm’s Dublin office. Murphy is a well-known figure in the Irish funds business, having been a founder…
SIX Telekurs Offers Evaluated Pricing for Distressed Securities
SIX Telekurs has expanded its Evaluated Pricing with a unique solution for valuing securities that are distressed due to credit events. Credit events such as bankruptcy, a missed coupon or interest payment on a swap or debenture can trigger doubt that an issuer will meet its obligations. This can spark uncertainty in the market, and…
Highbridge Appoints COO as President
Highbridge Capital Management, one of the world’s largest hedge funds, has appointed Todd Builione, its chief operating officer as president in what is being described as a sign of the increasing maturity of the hedge fund industry. Ronald Paterson, partner at international law firm Eversheds, comments on the changes the industry has gone through recently:…
JPMorgan Selected by MainePERS as New Global Custodian and Securities Lending Provider
JPMorgan Worldwide Securities Services, a provider of global custody and fund services, today announced that it has been selected by the Maine Public Employees Retirement System (MainePERS) to provide custody and securities services for the State’s US$10.5 billion in assets. JPMorgan will provide a wide range of custody and securities services including: global custody, fund…
Numerix Launches LiquidAsset Product for Pricing OTC Derivatives
Numerix, a provider of cross-asset analytics for derivatives valuations and risk management today announced the launch of its product – Numerix LiquidAsset- for Pricing OTC Derivatives and exchange traded deals. Built upon Numerix’s CrossAsset analytics, LiquidAsset is a function based Excel solution for valuation of the most common set of OTC derivative trade types. “LiquidAsset…
Linedata Launches Latest Version of Linedata Mfact with Web Access to All Fund Accounting Information
Linedata, the global solutions provider dedicated to the investment management and credit industry, today announced the latest release of Linedata Mfact, its fund accounting solution for fund administrators, banks and trust companies, mutual funds and pension funds. With over 20 years of providing reliable, accurate and cost efficient technology, users of Linedata Mfact achieve operating…
Ex-GoldenSource Exec Raeves Joins TowerGroup as Post-trade Focused Research Director
Following his departure from EDM vendor GoldenSource at the end of last year, ex-senior vice president of strategic business development and marketing Gert Raeves has surfaced at analyst firm TowerGroup as a research director in the capital markets team. Raeves, who has been a frequent speaker on the data management circuit, will now be covering…