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The Never-ending Story? Progress in the Automation of Corporate Actions
Only a few years ago – but crucially, prior to the financial crisis – surveys which reviewed progress towards corporate actions automation highlighted the key drivers for automation as reducing costs and inefficiencies. Whilst important, these were essentially technical objectives and correspondingly the debate, and its participants, inclined heavily towards the operational parts of the…
DTCC’s Childs and Thieke Discuss GCA VS Upgrade Milestones for 2010
Along with the barrage of other corporate actions vendor updates this week, the Depository Trust & Clearing Corporation (DTCC) announced that it has added data on scheduled payments on around 2.4 million bonds held by the Fed to its Global Corporate Action Validation Service (GCA VS). The corporate actions data cleansing vendor is also currently…
Dans Le Port d’Amsterdam
Earlier this month, Swift released its programme for the conference behemoth that is Sibos, this year to be held between 25 and 29 October in Amsterdam. The industry owned financial network operator has indicated that it will be focusing on the three Rs it believes to be the most important to the market at the…
Automated Outsourcing Services Signs up to SIX Telekurs’ Pricing & Corporate Actions Services
Automated Outsourcing Services (AOS), a Johannesburg-based independent third party fund administration company, has signed an agreement to use SIX Telekurs’ Intraday Pricing Service (IPS) and Corporate Actions Reports Service (CARS) in order to price their clients’ instruments and to support the servicing of their client’s assets: a mixture of equity and forex positions. Director of…
Northern Trust Supports Fair Value NAV Pricing for EMEA Clients
Northern Trust has implemented a daily Fair Value NAV Pricing tool for its fund management and institutional clients in Europe, Middle East and Africa (EMEA). Through an automated system, Northern Trust can fair value securities on a daily basis to deliver NAV (net asset value) unit prices significantly reducing opportunities for market timing in different…
Thomson Reuters Enterprise Platform Embraces Real-Time and Non-Real-Time Data
Thomson Reuters has unveiled a ‘joined up’ approach to enterprise data management, creating a platform framework that embraces both real-time and non-real-time data. The so-called Thomson Reuters Enterprise Platform draws on the long-serving front-office Reuters Market Data System (RMDS) that supports real time data, the existing securities master product, Reuters Reference Data System (RRDS), and…
Interactive Data’s Haddad and Russell Indexes’ Caswell Talk up Fair Value Adjusted Index
At the end of March, Interactive Data’s Pricing and Reference Data business and Russell Investments teamed up to launch a new service aimed at providing fair value adjusted data on the latter’s global equity indices. The vendors are now exploring the expansion of the service and are consulting with customers about whether it should increase…
Markit Adds Structured Products to Portfolio Valuations Service
Markit, a global financial information services company, today announced it has extended the range of instruments covered by its Portfolio Valuations service to include structured products. The addition of structured products is a major milestone in Markit’s on-going programme to develop comprehensive, independent pricing analytics. Markit now provides valuations for a wide range of equity,…
For What it’s Worth…
Last week’s Xtrakter conference featured the opportunity for audience participation in the form of interactive voting – via remote control style touch pads in the main room and via delegates’ own mobile phones in the break out room. Now, as a journalist, I’m always keen on using a few stats to back up an argument…
Pricing Partners and MathFinance Combine Forces
Pricing Partners and MathFinance, a quantitative engineering vendor, with expertise in pricing and hedging foreign exchange and equity derivatives announced today that they will join forces to provide clients a even more global offering, combining software and quantitative consulting. Under the agreement, Pricing Partners and MathFinance will cross sell their respective offering in order to…