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Nearly 40% of Buy Side Firms Don’t Have Internal OTC Derivatives Pricing Capabilities, Says BNY Mellon Research
A large proportion of the buy side is falling short with regards to its internal pricing capabilities, according to a research paper by Bank of New York Mellon, with nearly 40% of the respondents to its recently conducted survey indicating that they have no in-house capabilities and are relying on counterparty valuations alone for the…
Opinion: Data Repositories and Consolidated Tape Proposals
By Chris Pickles, head of marketing for Financial Markets & Wholesale Banking at BT The story begins with passengers (the public) on a plane with all the aircrew (the investment firms) telling them how smooth and level the flight is going to be, just as it has always been. That was back in 2005. And…
SmartStream’s New Recruit Stewart on DClear’s Performance Thus Far: Metrics and Multi-Tenant Architecture
In his new role as sales director for SmartStream’s DClear business, ex-GoldenSource exec Hugh Stewart has been tasked with raising the profile of the reference data utility solution, as it extends its reach into areas such as corporate actions, standing settlement instructions and legal entity data. As revealed by Reference Data Review back in November, the vendor…
DClear Services Expansion Continues with Appointment of Industry Veteran Hugh Stewart
SmartStream, the financial Transaction Lifecycle Management specialist, today announced the appointment of Hugh Stewart as sales director for its DClear Services business. Stewart joins DClear with more than 30 years of sales and management experience in the global financial services and technology industries, most recently as SVP of sales, EMEA and Asia at enterprise data…
Bloomberg’s Warms Responds to Data Manager Feedback on the BBGID
Earlier this month, three data manager readers of Reference Data Review provided feedback on the Bloomberg Global ID (BBGID), which lies at the heart of the data vendor’s open symbology initiative. In response to these queries, Peter Warms, global head of Bloomberg’s global identifiers and symbology, explains that BBGID will remain free and comes with no restrictions…
DTCC and MarkitSERV Collaborate with AcadiaSoft to Automate Collateral Messaging and Reduce Risk in OTC Derivative Markets
The Depository Trust & Clearing Corporation (DTCC), MarkitSERV and AcadiaSoft today announced that they are working to deliver a joint solution for improving communication related to setting and maintaining the collateral required between counterparties to over-the-counter (OTC) derivative transactions. The solution is the first step taken by the three companies to develop a multi-functional collateral…
More Practitioner Feedback on the BBGID: Great Potential But More Definition Needed
Bloomberg’s new global identifier, dubbed the BBGID, is causing something of a stir within the data manager community and Reference Data Review has received more feedback on the subject this week, following on from the comments from two practitioners last week. A securities reference data practice manager at a large US investment bank explains his…
Wolters Kluwer Financial Services Unveils Top 10 Corporate Actions of 2010
Wolters Kluwer Financial Services has released its annual Top 10 Corporate Actions, a list of the most challenging corporate actions from the past year. The tax and legal experts at Capital Changes, a part of Wolters Kluwer Financial Services that provides corporate action reporting, tax information and analysis, compile the annual listing to alert taxpayers…
thewealthworks Chooses SIX Telekurs’ Ddata for their Troika Software
thewealthworks have chosen SIX Telekurs as a data source to compliment their Troika system, a wealth management software solution for family offices, financial institutions and private client service providers. SIX Telekurs is supplying pricing and corporate actions data via its leading market data services IPS (Intraday Pricing Service) and VDF (Valordata Feed). Troika is a…
SWIFT Strengthens Global Securities Business with New Senior Appointments
SWIFT, the financial messaging provider for more than 9,500 financial institutions and corporations in 209 countries, announced today that Fabian Vandenreydt has been named head of Securities and Treasury Markets. He will report to Gottfried Leibbrandt, head of marketing. In his new role, Fabian will work closely with Chris Church, global head of Securities at…