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ISSA’s Gnepf Highlights Issuer Outreach Programme for Promotion of its Nine Corporate Actions Principles
Following the development of its nine principles for corporate actions best practices last year, the International Securities Services Association (ISSA) is now engaged in an issuer and issuer agent market outreach programme to promote these principles. Speaking at yesterday’s corporate actions seminar organised by the Association for Financial Markets in Europe (AFME), Peter Gnepf, secretariat…
Standardisation of Issuer Announcements and Key Dates are Central to Tackling Corporate Actions Efficiency, Says AFME’s Frey
The two key success factors to effectively tackling the basic inefficiencies of the corporate actions space are ensuring that issuer announcements are submitted in a standardised format and that corporate actions events are compliant with key dates and these are in the correct sequence, said Werner Frey, managing director of the Association for Financial Markets…
Pricing Partners Delivers Models for Stochastic Dividends
Pricing Partners announced today that its derivatives pricing library, Price-it library, now contains models for stochastic dividends. Products on dividends, like options on non accrued Euro Stoxx 50 dividends, were actively promoted by Eurex for the two consecutive years. Indeed, the current crisis pushed derivatives towards simplicity in terms of payoff, meanwhile, introduced new underlyings….
BNY Mellon Extends Hedge Fund Middle Office Platform to North America and Asia
BNY Mellon, the global leader in investment management and investment services, has announced a global expansion of its middle office outsourcing service for hedge funds, extending what was largely a Europe-only offering and rolling it out to select clients and prospects in North America and Asia. Building on its Dublin-based operation over the past 12…
Deutsche Börse Introduces New Benchmark for Interest Rate Swaps
Deutsche Börse – Market Data & Analytics is expanding its range of information products with “Eurex ICAP Swap Spreads”. The new data product, which aims to serve as a neutral benchmark for Euro interest rate swaps, was developed jointly with interdealer broker ICAP. Eurex ICAP Swap Spreads provides yield spreads between exchange-traded futures and interest…
Broadridge Launches New Informational Micro-Site for Issuers
Broadridge Financial Solutions, Inc. announced today that its Investor Communication Solutions business in Canada has launched its informational micro-site, “Charting the Course.” This new web site is yet another example of Broadridge’s continued commitment to education and the exchange of balanced information within the capital markets community. The site features an extensive collection of regulatory…
Greater Importance Being Placed on Assumptive Data for Valuations, Agree DMRAV Panellists
Increased importance is being placed on providing the assumptive data inputs that are going into pricing and valuations calculations, according to panellists at last month’s A-Team Group Data Management for Risk, Analytics and Valuations (DMRAV) conference in NYC. This data is required as a result of changes to accounting rules related to fair value by…
Swift’s Halberstadt and Pobuda Elaborate on its Progress in the FX and Payments SSI Space, Reference Data Utility Plans
It is no secret that Swift’s 2015 plan includes a great deal more about reference data than previous strategies devised by the industry network operator. In February, Swift announced that it would be putting words into action in the payments and FX standing settlement instruction (SSI) space by establishing a new service in these markets,…
SEC Publishes 517 Pages of Proposed Rules for Ratings Sector, More Data Transparency is on the Cards
At the end of last month, the Securities and Exchange Commission (SEC) published a 517 page document that details a whole host of new requirements for ratings agencies and those that use ratings in their day to day operations (ergo most of the market). The paper adds to the regulator’s recent investigation into he feasibility…
Thomson Reuters Adds Ex-Wolters Kluwer Exec Curtis to its Ranks
The revolving door at data giant Thomson Reuters continues to spin unabated (see commentary on the recent slew of people moves) with the addition of ex-Wolters Kluwer MD Dean Curtis to its ranks. Curtis, who was with the regulatory solutions specialist for nearly four years and was likely a casualty of the recent FRSGlobal acquisition,…