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Pricing Partners Opens New Office in Singapore
Pricing Partners announced today the opening of its new regional office in Singapore to provide global distribution of its products and services suite across Asia and respond the requirements in independent revaluation. After already signing a distribution agreement in Hong Kong, Pricing Partners continues to more effectively provide permanent local support to its Asian client…
Korea Bond Pricing to Market Interactive Data’s Bond Evaluations
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced that its Pricing and Reference Data business has signed an agreement with Korea Bond Pricing (KBP), an agency appointed by the Korean government to provide valuations for fixed income and derivative instruments to the Korean market. KBP will provide local…
CetrelSecurities and Aim Software Extend Partnership to Delivery of Cleansed Reference Data
Last year, data management solution provider Aim Software signed a partnership with Luxembourg-based, application service provider (ASP) specialist CetrelSecurities, which the vendors have now extended to the provision of cleansed reference data. The vendors are now working together to provide the Luxembourg market with an ASP platform based on the Gain data management platform, says…
SimCorp Proves Readiness to Process Swift ISO 20022 MX Messages
Swift and SimCorp have together successfully completed a proof of concept, which demonstrates that SimCorp Dimension, SimCorp’s solution for investment management businesses, can accept, process and transmit Swift ISO 20022 MX messages. MX messages are increasingly used in the securities industry, with adoption extending beyond Europe to Asia and the US. MX messages offer more…
London Stock Exchange Announces Partnership with FactSet to Deliver Reference Data through UnaVista
The London Stock Exchange announced today that it has commenced a joint venture with FactSet Research Systems. The partnership means that the Exchange will deliver FactSet’s reference data via UnaVista, a web-based platform that provides validation, matching and reconciliation solutions. Firms will now be able to receive FactSet’s issue-to-issuer linkage data and parent-subsidiary relationship data…
BNY Mellon’s Richmond Talks up Recent Investment in Valuations Capabilities and Importance of Data Centralisation
BNY Mellon Asset Servicing has invested in its client and regulatory reporting systems as a result of valuation and regulatory changes such as FAS 157 and FAS 132R-1, explains Chris Richmond, managing director of global product accounting for the fund administrator, to Reference Data Review. This has involved a significant investment in automating the upload of…
CME Group Opts for Fitch Solutions and CMA Pricing Solutions for Clearing Operations
As part of its endeavour to establish itself as a clearing counterparty (CCP) in the OTC derivatives market, CME Group has this month selected two pricing solutions to support its CCP’s credit default swap (CDS) pricing and intraday risk management services: CMA’s DataVision and Fitch Solutions’ CDS Pricing Service. Anna Mazzone, vice president of product…
FIRMS’ Valuation & Risk Strategies Group Launches Valuations Transparency Initiative
Following the restructuring of the Fixed Income Risk Management Services (FIRMS) unit to combine its securities evaluations, valuations services and market research teams into one group last month, the Standard & Poor’s owned analytics and research group has launched a new transparency initiative for fixed income valuations. The vendor is now offering the assumptions data…
Fair Value Has Been Defined (Sort of), But What is Going on with the Harmonisation Agenda?
Last month, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) got together to hammer out a final definition for the term ‘fair value’. They agreed that it means an “exit price” in most markets, but in illiquid markets or those that are less active this involves the consideration of a…
Fortis Prime Fund Solutions Opts for SuperDerivatives’ Reval for Revaluations
Valuations solution vendor SuperDerivatives has bagged its second client of the year in the form of custodian and fund administrator Fortis Prime Fund Solutions, which has opted for the vendor’s revaluation service to source pricing for illiquid and complex derivatives. According to Amod Kumar, global head of strategy, business improvement and control at Fortis, the…