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Thomson Reuters Embeds Data Visualization Technology into Quant Trading Platform
Thomson Reuters today announced it has joined forces with Panopticon Software, a provider of visual data analysis solutions, to embed data visualization capabilities into the Thomson Reuters Enterprise Platform for Velocity Analytics. These new capabilities are available both as a managed service within Elektron, the firm’s high performance real-time network and hosting environment, or deployed…
Moody’s Acquires a Direct Equity Stake in KIS Pricing, a Leading Korean Bond Pricing Company
Moody’s Corporation announced today that it has acquired a 16% direct equity stake in KIS Pricing, a leading Korean bond pricing company, positioning Moody’s to benefit from continued strong growth in the Korean domestic debt markets. The acquisition adds to Moody’s existing indirect ownership of KIS Pricing through its controlling equity stake in Korea Investors…
IASB and FASB Issue Common Fair Value Measurement and Disclosure Requirements
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today issued new guidance on fair value measurement and disclosure requirements for International Financial Reporting Standards (IFRSs) and US generally accepted accounting principles (GAAP). The guidance, set out in IFRS 13 Fair Value Measurement and an update to Topic 820 in the…
Broadridge and Euroclear Complete Agreement to Offer New End-to-End Proxy Voting Service
Broadridge Financial Solutions today announced that it has signed an agreement with Euroclear to jointly strengthen shareholders’ governance rights by making it easier for investors to vote electronically at company general meetings. The agreement follows an earlier memorandum of Understanding between the two organisations signed in October 2010. Under the new agreement, Broadridge and Euroclear…
Is There a Disconnect Between Basel III and the US FSOC on SIFI Criteria?
Chris Brummer, a senior fellow at the Milken Institute, reckons the current manner in which Basel III is taking shape may conflict with rules being developed by the US Financial Stability Oversight Council (FSOC) regarding the criteria by which firms are categorised as “systemically important financial institutions” (SIFIs). FSOC, the European Financial Stability Board (FSB)…
Aria Protected Funds Selects Pricing Partners’ Derivatives Independent Valuation Services
Pricing Partners announced today that Aria Protected Funds, a Luxembourg-based manager of high yield, protected funds, has selected Pricing Partners’ flagship independent valuation platform, Price-it Online (PIO) for its alternative assets. Aria Protected Funds will use Price-it Online to further validate and challenge counterparty pricing. Price-it Online will add an additional level of transparency and…
EDI and Failstation Combine their Expertise to Meet Client’s STP Goals
Exchange Data International (EDI), a provider of back office data, announced today a partnership with FailStation, the industry utility that aggregates real time failed trade and pre-matching trades for the industry. Middle Office Solutions (MOS) and Exchange Data International (EDI) have signed a partnership agreement to expand the products and services offered to their clients,…
US SEC: XBRL for Financial Statements
The Securities and Exchange Commission has adopted rules requiring companies to provide financial statement information in XBRL (eXtensible Business Reporting Language) to improve the information’s usefulness. This is an overview for companies that are required to begin submitting XBRL data during 2011 and summarises some of the main process issues, lessons learned to date and…
Thomson Reuters Expands Fixed Income Valuation Offering with New CLO Pricing Capability
Thomson Reuters announced today the launch of a new Collateralised Loan Obligation (CLO) evaluated pricing service, delivered via DataScope Select, its strategic distribution platform for non-streaming global content and pricing. This new pricing capability will provide end-of-day valuations for global cash CLOs, including both broadly syndicated and middle market deals, and give investors greater transparency…
Hudson Bay Capital’s Black Discusses Bloomberg Vault Implementation, Cost Saving Benefits of Cloud-Based Data Storage
The expanded registration requirements under Dodd Frank for firms that once fell under exemptions have resulted in many more firms being compelled to invest in data storage solutions in order to ease the data retrieval process and keep costs down. One such firm is buy side firm Hudson Bay Capital Management, which has recently rolled out…