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Interactive Data Provides Tokyo Stock Exchange With Indicative Valuations For Exchange Traded Funds
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced that it is providing indicative optimised portfolio values (IOPVs) for exchange traded funds (ETFs) to the Tokyo Stock Exchange (TSE). Interactive Data will be calculating the IOPVs using its Basket Calculation Service on behalf of the TSE. The Basket Calculation…
SEB UCITS III Platform Hosts Tungsten Capital Management UCITS Fund
SEB today announced that German equity investment specialist, Tungsten Capital Management GmbH, launched a new UCITS III fund via SEB Master KAG. SEB Master KAG is a one stop shop which facilitates the launch and marketing of German UCITS funds. It helps manage risks and fund administration, accounting and pricing as well as fund and…
Misys and Private Equity Firms Rumoured to be Circling SmartStream
Private equity giant Permira and risk technology firm Misys are two of the rumoured bidders that are circling the Dubai International Financial Centre’s (DIFC) SmartStream Technologies. Following the DIFC’s hiring of UBS to handle the potential sale of SmartStream back in October last year, around 10 firms are rumoured to have expressed an interest in…
DTCC Launches Corporate Actions ISO 20022 Test Pilot
The Depository Trust & Clearing Corporation (DTCC) today announced it will launch a pilot program testing new ISO 20022 corporate actions announcement messages and its new browser-based user interface with five leading corporate action users on 25 April. The pilot is part of DTCC’s multi-year reengineering initiative that is changing the way corporate actions are…
Russell Investments Appoints State Street to Service New Common Contractual Fund
State Street Corporation announced today that it has been appointed by Russell Investments to service its new Irish domiciled common contractual fund (CCF). State Street’s operation in Ireland will provide custody and fund administration services to the new Common Contractual US Equity Plus Fund, which is available to institutional investors. State Street is Russell’s preferred…
Storebrand Chooses Standard & Poor’s Global Data Solutions to Meet Solvency II Risk Management Requirements
Standard & Poor’s Global Data Solutions – part of the S&P Valuation and Risk Strategies group – today announced an agreement to supply Nordic Insurer Storebrand with an integrated data offering for its asset management business, Storebrand Kapitalforvaltning. The agreement is designed to help Storebrand meet local customer and European regulatory requirements – in particular…
Citi Launches Next Generation Solution for OTC Derivatives Operations
Citi today announced that its Global Transaction Services business has launched a comprehensive OTC Derivatives Service that consolidates and simplifies the entire post-trade execution process. The offering provides clients with access to a full range of middle and back office services on a single platform, including confirmation, settlement, valuation services, collateral management, margin management, and…
The Realization Group Partners with UnaVista to Deliver Post Trade Services
The Realization Group (TRG) announced today that it has selected UnaVista as a preferred partner in the TRG Post Trade Services solutions portfolio. UnaVista is the London Stock Exchange’s secure hosted platform for all validation, matching and reconciliation needs. UnaVista offers a number of solutions including Post Trade services, Data Solutions and Reconciliations. TRG have…
Technology Capabilities Could Enable Algorithmic Descriptions for Derivatives, But Standardisation is Lacking
Following their request for input from the industry back in December, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have published a paper outlining the findings of their joint study to examine the feasibility of adopting new algorithmic codes to identify complex and standardised derivatives. The study indicates that the…
European Commission’s Almunia Highlights Ongoing Investigations of S&P for ISINs and Thomson Reuters for RICs
Quite some time has passed since the European Commission kicked off its investigation into Standard & Poor’s pricing practices concerning International Securities Identification Numbers (ISINs) back at the start of 2009 and, later in the year, into Thomson Reuters’ licensing of its proprietary data codes. However, the Commission is still deliberating on the outcome of…