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EDM Council’s Atkin Elaborates on the Industry Group’s Progress This Year
Following on from last week’s holiday party and end of the year meeting, EDM Council managing director Mike Atkin has produced a 2009 update report on the data industry group’s progress this year. The work of the group has proved sometimes controversial, but the EDM Council certainly cannot be accused of resting on its laurels….
Sifma Adds Four New Professional Societies to Broaden Industry Reach
The Securities Industry and Financial Markets Association (Sifma) has created four new professional societies to broaden its reach in the financial markets beyond its member firms. The four new societies are in fact the latest incarnation of the association’s previously semi-autonomous divisions, which are now focused around compliance and legal issues, internal auditors, financial management…
C Hoare & Co Chooses SimCorp Dimension
C Hoare & Co, United Kingdom’s leading independent private bank, has selected SimCorp Dimension as its future investment management platform. The system will support C Hoare & Co’s front, middle and back office operations including trading, portfolio management, compliance, performance measurement, securities administration, position administration, portfolio accounting and client reporting.
Reference and Corporate Events Data Now Available in Flexible XML Format
Valordata Feed (VDF) supplies reference and corporate events data on more than five million financial instruments. Supplied up to now in Edifact, this VDF data is now also available in XML format – thanks to the software solution VDF2XML Converter. SIX Telekurs uses Edifact syntax for structuring its reference data product Valordata Feed (VDF). Edifact…
UK FSA Slaps London Branch of Toronto Dominion Bank with £7m Fine for Pricing Failures
In the first of what could represent an avalanche of related fines for the financial services community, the UK Financial Services Authority (FSA) has this week fined the London branch of Toronto Dominion Bank £7 million for repeated systems and controls failings around the pricing of sophisticated financial products. This is the bank’s second fine…
OTC Val Provides Global Insurance Firm Daily Valuations of Illiquid Financial Products and Equity Securities
OTC Val signed one of the world’s largest providers of life insurance, pensions, and investment products. The firm’s investment management department receives valuation reports for their derivatives and structured product portfolio from OTC Val. These valuations are used for collateral management and financial reporting purposes and as price verification of counterparty and front office quotes….
SmartCo Teams up with CounterpartyLink for New Entity Data Solution
Given the intense focus on counterparty risk in the post-Lehman world, it is no surprise that various members of the vendor community are teaming together to tackle the entity data space. One such partnership has resulted in the integration of EDM vendor SmartCo’s DataHub solution with CounterpartyLink’s issuer, client and counterparty data. James Redfern, head…
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…