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PolarLake Announces Partnership with OnixS to Extend Market Data and Front Office Capabilities
PolarLake today announced that it has agreed a partnership with OnixS allowing PolarLake to support a range of OnixS Direct Market Access Market Data and Trading Handlers. The OnixS solutions provide high performance calibrated and certified access to a wide range of exchanges, ECNs and brokers based on FIX standards and proprietary API’s. John Randles…
Markit Adds Commodities 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 commodities. The addition of commodities is a major milestone in Markit’s ongoing programme to develop a comprehensive, independent valuations service. Markit now provides valuations for commodity derivatives such as forwards, swaps…
Exchange Data International Opens New York Office Reflecting Business Expansion and Appoints Hyland
Exchange Data International Limited (EDI), a specialist provider of global reference and corporate actions data, has opened a new office in New York to service its existing and growing North American clients. EDI at the same time has appointed Michael Hyland, an industry veteran, to advise on strategic matters especially with regard to fixed income…
CMA Finally Fills CEO Role with Appointment of Ex-Icap MD Kohler
Following the announcement of the departure of outgoing CEO Laurent Paulhac in September last year, credit derivatives data provider Credit Market Analysis (CMA) has spent the last nine months looking for a suitable replacement. This week, the vendor announced it has finally found such an individual in the form of ex-Icap managing director Antoine Kohler….
XBRL Tagging of Corporate Actions Could Save the Industry US$400m per Year, According to DTCC, Swift and XBRL US Case Study
As promised by David Hands, director of asset services product management at DTCC Solutions, back in April, the group working on the XBRL and ISO mapping initiative has finally published its case study to illustrate why firms should adopt XBRL tagging for corporate actions. And that reason comes in the form of an estimated saving…
Wall Street Reform Bill Debate to Cover Office of Financial Research
Up until now, the proposals for the creation of a reference data utility in the form of the Office of Financial Research have largely passed under the radar during the regulatory reform debates in the US. However, data issues are set to be a key topic of discussion this week with the Office of Financial…
FinAnalytica Integrates FINCAD Analytics in New Cognity Release for Full Multi-Asset and Multi-Strategy Coverage
FINCAD, a provider of derivatives analytics, today announced that FinAnalytica, a provider of real world portfolio risk solutions for asset managers, hedge funds and multi-manager funds, has expanded its derivatives pricing coverage by embedding the firm’s Analytics Suite into Version 3.2 of Cognity, its flagship platform. Cognity, FinAnalytica’s risk management and portfolio allocation platform, directly…
DTCC, SWIFT & XBRL US Unveil Business Case for Corporate Actions Automation
The Depository Trust & Clearing Corporation (DTCC), SWIFT and XBRL US today announced the results of a business case advocating a transformation in the way corporate actions announcements are communicated in the United States, allowing investors to receive information on such corporate actions as mergers, dividends, stock splits and other events in a more timely,…
Resilient Pricing Benchmarks are Needed for Europe, Agree Thomson Reuters Panellists
In light of the current high market volatility, Europe is in need of resilient pricing benchmarks in order to more accurately model instrument pricing, especially for those at the complex end of the spectrum, agreed panellists at Thomson Reuters’ Global Pricing Forum in London last week. The push towards providing greater transparency around prices from…
Corporate Actions USA 2010
The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards…