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Pricing Partners Adds a Stochastic Rating Model to its Financial Library
Pricing Partners announced today that it added a stochastic rating model to its Price-it derivatives pricing library that enables to price ratings linked products. Euro Medium Term Notes based on Rating have become more popular as ratings play a central role in the financial world and are easily understandable for investors. A typical structure is…
A Blueprint for a European Consolidated Tape – Data Consolidation is a Top Priority for EFAMA under MiFID II
The European Fund and Asset Management Association (EFAMA) published today a Blueprint for a European Consolidated Tape intended to permit greater certainty amongst investors as to prices, best execution, valuation and performance measurement, leading to further reductions in direct and indirect costs of trading for investors. The liberalisation of trading venue regulation under MiFID has…
Broadridge and InGovern Announce Alliance for Sales and Distribution of Proxy Research and Vote Recommendations for Listed Companies in India
Broadridge Financial Solutions, and InGovern Research Services today jointly announced an alliance for the sale and distribution of InGovern’s proxy research and vote recommendations for listed Indian companies through Broadridge’s ProxyEdge voting platform. This will immediately allow institutional investors, who are current users of the ProxyEdge platform, access to insights on governance of listed companies…
Increased Sophistication of Triggering Strategies Being Applied for Fair Value Within Mutual Funds
Interactive Data’s recent survey indicates that its mutual fund clients are using increasingly sophisticated triggering strategies to determine whether to apply fair value methodologies to their global equities. Reference Data Review speaks to Rob Haddad, director of Evaluated Services at the data vendor, about the trend towards multiple benchmarks and trigger levels and the increased use of…
CMA Launches CDS Pricing that Factor in Quanto Risk
CMA, the leading provider for intraday CDS data and OTC market solutions, has announced the launch of a new product that takes into account the CDS ‘Quanto’ spread of key Euro-zone Sovereigns. Given European sovereign CDS are typically traded in USD and not the domestic currency (Euros), in order to accurately mark-to-market, holders of Sovereign…
Tullett Prebon’s OTC Valuations Introduces High-Volume Low-Cost Price Verification Service (PVS)
Tullett Prebon today announces that OTC Valuations (OTC Valuations), its technology-driven services firm providing post-trade securities and derivative valuation services to clients globally, has rolled out its new OTC derivative price verification service aimed at high volume portfolios of vanilla through to complex products. Daily valuations are typically charged at $0.20 USD, which includes full…
Ex-Bloomberg Manager Haddock Joins Annaly Capital Management as Op Risk Exec
Ex-Bloomberg manager Joseph Haddock has departed the data vendor after 13 years to join Annaly Capital Management. Haddock, who was previously in charge of data services including corporate actions at the data giant, is now executive vice president of operational risk at the New York-based buy side firm. Haddock spent just over 13 years at…
MiFID II Proposals: Perspective from MarketAxess
MarketAxess Holdings, the operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets bonds and other fixed income securities, reiterates its views on the range of proposals outlined in the Markets in Financial Instruments Directive II (MiFID II), which is scheduled to be finalized in October. MarketAxess believes that:…
CMA’s Moody Talks up Recent Launch of its OTC Derivatives Valuations Solution CMA NAVigate 1.6
CME Group owned data business CMA has recently launched a new OTC derivatives workflow solution that is aimed at streamlining the mark to market process and granting access to all valuation inputs for reporting purposes. Reference Data Review speaks to Gareth Moody, vice president of sales for the Americas, who joined the vendor as a start up…
Virginie’s Blog – Things Keeping the Industry Awake at Night (About the LEI)
Standards are tricky beasts, they may be developed for one purpose and misused, and they are also often appropriated for purposes for which they were not initially intended. So choosing the right standard for something as important as legal entity identification (LEI) is obviously not a decision to be taken lightly and it is one…