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Marketing Manager Mott Departs CMA, Mazzone Assumes Duties
It seems to be the season for people moves; what with the changes going on at Xtrakter and this week’s departure of Credit Market Analysis’ (CMA) marketing manager Simon Mott. After two and a half years at the credit derivatives data provider and a month after the management changeover from outgoing CEO Laurent Paulhac to ex-Icap…
XSP Launches ASP Global Corporate Actions Solution in AsiaPac
XSP, a vendor of corporate actions software, announced today that it has launched an application service provider (ASP) offering of its flagship XSP v5 corporate actions solution on the Decillion Group platform. Decillion Group, a banking software solutions provider and operator of the largest Swift Service Bureau in the AsiaPac region, formed a partnership with…
Delta RDF Implementation on Track to Deliver Data Vendor Feed Plug and Play Functionality, Says Algorithmics’ Orde
Risk management solution vendor Algorithmics’ decision to roll out First Derivatives’ Delta Reference Data Factory as its new core reference data engine was driven by a desire to reduce new client implementation times and to allow for a more plug and play approach to changing existing customers’ data feeds, according to Roger Orde, senior director of…
Interactive Data’s Net Income for the Second Quarter Drops 31.4%, But Reference Data Segment Remains Strong
The acquisition of Interactive Data by Silver Lake and Warburg Pincus is imminent, but it seems the private equity firms may have a job on their hands to rationalise costs and pull the data vendor back into the black. Following a disappointing first quarter, with a net income decrease of 7.6% from the previous year’s…
First Derivatives Focusing on High Performance Functionality for Data Solutions, Says North American Head Richards
Since its acquisition of Reference Data Factory (RDF) back in October last year, First Derivatives has been working on integrating the reference data solutions into its overall portfolio for a more holistic approach to the market, explains Dale Richards, who was recently appointed as president of the vendor’s US operations. The next port of call…
US SEC Asking for Feedback on Proxy Voting Proposals Including Data Tagging
The US Securities and Exchange Commission has just opened a 90 public comment period for consideration of its proposals to modernise the proxy voting system in the country by increasing electronic messaging and XBRL tagging. Last year, SEC chairman Mary Schapiro launched a comprehensive review of the US proxy system in order to determine a…
T2S Corporate Actions Working Group Raises Potential Processing Issues Within System
As noted by Reference Data Review back in April this year, the European Central Bank’s (ECB) Target2-Securities (T2S) settlement system could have a significant impact on the area of corporate actions and some progress has already been made by the Corporate Actions Sub-group (CASG) in defining the issues that need to be tackled in this…
Quantifi Releases Next Generation Yield Curve Construction
Quantifi, a provider of analytics, trading and risk management solutions for the global capital markets, today announced the release of a new generation of yield curve construction that supports the latest best market practice of ‘Double-Curve’ interest rate valuation. The recent credit crisis introduced fundamental changes to the way interest rate derivatives are valued. The…
Northern Trust Provides Daily Valuation of Property Derivatives
Northern Trust announced today that it can offer clients daily independent valuations for complex OTC property derivatives. The product which has been developed in response to an increasing trend for property funds to use OTC derivative instruments, is the latest in a series of enhancements to the suite of services Northern Trust offers real estate…
Algorithmics Signs up for First Derivatives’ Delta Reference Data Factory as its New Reference Data Engine
If further proof was needed of the importance of reference data management to the risk function, the news that risk management solution provider Algorithmics has decided to invest in a new core reference data engine should provide it. Algorithmics has signed up for First Derivatives’ Delta Reference Data Factory, which the vendor acquired along with…