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UnaVista to Offer Transaction Reporting Service
The London Stock Exchange announced today that the Financial Services Authority (FSA) has given UnaVista Approved Reporting Mechanism (ARM) status for transaction reporting. In addition to providing the basic validation services required under MiFID, UnaVista will offer firms validation tools to monitor the quality of their transaction reports, significantly reducing the risk of providing incorrect…
Pricing Partners Provides Local Support in Hong Kong
Pricing Partners will provide local support to its Asian clients based out of Hong Kong and respond to the increasing requirements of independent valuations for financial derivatives and structured products. Following a distribution agreement in Hong Kong and a new office in Singapore, Pricing Partners continues to effectively provide permanent local support and quantitative expertise…
Interactive Data’s Pricing and Reference Data Biz Revenue up 3.8% in First Quarter 2010
Regardless of the long term future of its Pricing and Reference Data business (whether it is eventually spun off, merged with another business or remains exactly where it is), it has performed well so far this year for Interactive Data with a 3.8% increase in revenue for the business line over the previous year’s figures….
Majority of PRMIA Members Back the Establishment of a US-based Data Utility
US Republican senator Richard Shelby may be sceptical about the Financial Services Bill’s proposals for the establishment of a data collection agency, but US risk management professionals are seemingly keen for such a utility to be introduced. According to a recent survey of chief risk officers (CROs) by the Professional Risk Managers’ International Association (PRMIA)…
Kurtosys Systems Transforms the Way Asset Managers Deliver Enterprise Data with the Launch of the EDM Solution
Kurtosys Systems Limited, a provider of client communication solutions today announced the release of their Enterprise Data Management (EDM) platform for asset management. Developed in partnership with Talend, a market innovator in open source data integration, Kurtosys EDM provides an integrated platform for managing an organisation’s information systems, with functionality for data extraction, modelling, capture,…
BNY Mellon Asset Servicing Enhances Reporting Capabilities for Derivatives and Fair Value Requirements
BNY Mellon Asset Servicing, the global leader in securities servicing, has enhanced its Workbench reporting platform to assist institutional clients comply with recent rule changes related to derivatives accounting and disclosure in international markets. These changes are being driven by updates to Governmental Accounting Standards Board (GASB) Statement No. 53, Accounting and Financial Reporting for…
US-EU Bulk Data Swift Transfer Continues to Prove Controversial in Europe
As noted by Reference Data Review last month, consensus remains out of reach on the subject of bank data transfer between the US and Europe across the Swift network. European politicians are keen that bulk data transfers of sensitive customer data across the network for counter terrorism purposes be avoided and that this data instead be processed…
Interactive Data’s D’Arcy Hints at Closer Tie up with SunGard as a Result of Private Equity Buy Out
Following yesterday’s private equity buy out of Interactive Data, speculation about what the future may hold for the number three data vendor has rippled across the industry. Speaking to Reference Data Review, president and CEO of Interactive Data Ray D’Arcy indicates that in the short term the vendor will benefit from much closer relationships with the…
FRSGlobal Developing World’s First Theoretical Foundation for Fair Value Pricing of Emission Linked Derivatives
FRSGlobal today announced that it is working with the Institute of Data Analysis and Process Design of Zurich University of Applied Science (ZHAW) to create the world’s first theoretical foundation to gauge fair value pricing of emission linked derivatives contracts. This CTI project is being led by Professors Wolfgang Breyman (ZHAW) and Jury Hinz (National…
Fiserv’ Financial Institution Services Business Experiences 3.3% Revenue Decrease in First Quarter
Following on from the disappointing last quarter of 2009 for its Financial Institution Services business, Fiserv has yet again experienced a revenue decline for the division in the first quarter of this year. The business experienced a decline in revenue of 3.3% or US$16 million from US$488 million in the first quarter of 2009 to…