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QuIC Financial Technologies Hires Ex-SunGard Hollands as Sales Director for EMEA
Risk management, pricing and financial analytics solutions provider QuIC Financial Technologies has appointed ex-SunGard director James Hollands as its new sales director for the EMEA region. At SunGard, he was also a sales director for SunGard Adaptiv, part of its Capital Markets and Investment Banking division. In his new role, Hollands will reporting to Justin…
Corporate Actions Joint Working Group Publishes Standards for Categorisation
The Corporate Actions Joint Working Group has finally released the results of its standardisation initiative, which is aimed at defining each category of corporate action in the market in order to allow for the harmonisation of processing rules. The proposals have now been drawn up and they have been sent out to the various national…
ESSF’s Frey Provides Lowdown on Individual Corporate Actions Joint Working Group Results
The Corporate Actions Joint Working Group has done its best to find “the best future market practices irrespective of the current models being used in the market today”, said Werner Frey, chairman of the European Securities Services Forum (ESSF), to delegates to last month’s Sifma Clearing and Settlement Conference in London. Frey and some of…
France’s Octo Finances Selects Pricing Partners for Eurostoxx EMTN Valuations
French investment firm Octo Finances has chosen Pricing Partners’ OTC derivatives valuations service, Price-it, to provide it with independent valuation for callable euro medium term notes (EMTNs) on Dow Jones’ Eurostoxx index. According to Maurice de Boisséson, head of research for Octo Finances, the firm selected the solution to provide greater transparency to its clients…
FOW Tradedata to Assist S&P’s CGS with US Liquidity Equity Options Cusip Development
Standard & Poor’s Cusip Global Services (CGS) business has certainly been busy over the last couple of months. Not only has it recently announced a partnership with business entity identification specialist Avox, it has now also agreed to work with UK-based futures and options specialist FOW Tradedata to develop a new Cusip identification system for…
Thomson Reuters to Use Lewtan’s ABSNet Data for Valuation Risk Service
Thomson Reuters has selected Lewtan Technologies’ ABSNet to provide it with asset backed securities (ABS) data in order to expand its Valuation Risk Service. The vendor will use the ABSNet cash flow library to provide its clients with additional coverage of structured finance instruments in Europe, says Karl Mackelburg, global head of structured finance and…
Business Entity Identifiers – The Crucial Foundation for Accurate Risk Management (Japanese Version)
As the financial world continues to grapple with the fallout of the credit crisis, one thing is clear: managing risk is now paramount to the surviving financial institutions. But you can’t manage what you don’t know. Many financial institutions have been caught in the current environment through a lack of awareness of their true exposure…
Financial InterGroup’s Grody Publishes Two New Papers on Data and Risk
Allan Grody, president of strategic advisory firm Financial InterGroup Advisors, has published two new papers aimed at shedding some light on the areas of risk management and data in the current market environment. The first paper, Infrastructure Issues in the Financial Services Industry: A Case for a Central Counterparty for Data Management, explores the potential…
Quasar Capital Management Opts for Imagine’s Derivatives.com
Paris-based Quasar Capital Management had selected Imagine Software’s Derivatives.com service for use with the firm’s new hedge fund. The firm, which has been using software from Imagine since the launch of its Orion fund last December, will use Derivatives.com for risk and portfolio management. Jerome Barraquand, co-founder of Quasar, explains: “Our flagship Orion fund uses…
SIX Telekurs Partners with CSV for Complex Securities Pricing
SIX Telekurs has signed a partnership agreement with CSV Incorporated in order to expand its evaluated pricing for illiquid securities with complex structures. The vendor has added CSV as a source of independent, transparent valuations for complex securities to provide its customers with more coverage and greater depth of information, explains Barry Raskin, managing director…