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SuperDerivatives Partners with Equinox Consulting to Offer Risk Consulting and Bespoke Solutions for Commodities Derivatives
SuperDerivatives (SD), a multi-asset front office solution, has partnered with Paris-based independent consulting firm Equinox Consulting to offer a comprehensive risk consulting and solution implementation service for financial institutions’ and corporations’ commodities derivatives businesses. Zohar Hod, vice president of strategic sales at SD, said: “By combining SD’s industry leading derivatives solutions with Equinox’s local expertise…
StatPro Signs GIPS Compliance Deal with MFC
StatPro Group, a provider of portfolio analytics and asset evaluations services for the global asset management industry, today announces that MFC Global Investment Management (MFC GIM) has signed a contract for its GIPS compliance software. MFC GIM is the institutional asset management business of Manulife Financial Corporation. Global Investment Performance Standards (GIPS) are a set…
UK Insurer Chooses Pricing Partners for the Independent Valuation of its Interest Rate and Equity Structured Products
Pricing Partners announced today that one of the largest UK insurers has selected Pricing Partners’ online independent valuation platform, Price-it Online for its interest rates and equity structured products. This UK insurer, which wishes to remain anonymous, develops and offers tailored investment solutions to its clients. The firm needed an extremely sophisticated and accurate solution…
Union Bank Live on Broadridge’s International Proxy Processing Services To Manage Its International Proxy Business
Broadridge Financial Solutions, today announced that Union Bank has commenced live operations on Broadridge’s Global Proxy processing solution across its Institutional Trust & Custody Services group. Union Bank, already a user of Broadridge’s domestic proxy processing services in the US, is now using Broadridge’s Global Proxy outsourcing solution for international proxy management. Union Bank’s institutional…
SmartCo Partners with CounterpartyLink and Delivers New Entity Data Connector
SmartCo, a data management software company which specialises in the financial sector, and CounterpartyLink, a specialist information provider in the research, maintenance and distribution of global issuer, client and counterparty data for compliance and risk management purposes, have announced the integration of CounterpartyLink data into SmartCo DataHub. CounterpartyLink’s legal entity data is used globally by…
GFI Group Announces Woori Investments & Securities Licenses GFI Fenics Professional
GFI Group announced today that Woori Investments & Securities (Woori I&S), a pioneer in the Korean domestic securities market, has licensed Fenics Professional, a pricing and risk management system for foreign exchange options. The agreement allows Woori I&S to use Fenics Professional for pricing, analysis and structuring of FX options, including exotic options. Woori I&S…
BNY Mellon Alternative Investment Services Announces New Price Verification and Asset Validation Service for Hedge Funds
BNY Mellon Alternative Investment Services has launched a service that independently validates a hedge fund’s position records to third parties – prime brokers, custodians, trustees and agent banks – and independently verifies the pricing of that fund’s securities. The new service provides fund managers and their investors with greater transparency and additional assurance that fund…
CESR Agrees with EFRAG Response to IASB Proposals: In Need of Serious Revision
Following its discussions earlier this year with the European Financial Reporting Advisory Group (EFRAG) around the International Accounting Standards Board’s (IASB) revisions of global accounting rules, the Committee of European Securities Regulators (CESR) has yet again stepped in to the fray to identify its own position on the changes. CESR states that it is in…
Morningstar to Acquire Chicago-based Logical Information Machines
Morningstar, a provider of independent investment research, today announced it has entered into a definitive agreement to acquire Logical Information Machines, (LIM), a provider of data and analytics for the energy, financial, and agriculture sectors, for US$51.5 million, subject to post-closing adjustments. LIM had revenue of approximately US$20 million for the last 12 months. The…
Wells Fargo Chooses SimCorp Dimension
SimCorp has announced that Wells Fargo Bank, a subsidiary of Wells Fargo & Co, which is the fourth largest financial services company in the United States by assets, has extended its usage of SimCorp Dimension. With Wells Fargo & Co’s acquisition of Wachovia Corporation in 2008, Wells Fargo was already benefitting from the installation of…