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Andrew Davidson & Company Launches New Valuations Service for MBS
Andrew Davidson & Company (AD&Co) has launched a new valuation service, the Credit Loss Snapshot, which provides the key credit loss metrics now required by FAS 124 and FAS 157 for credit sensitive residential mortgage backed securities. This report extends the valuation services currently provided by AD&Co for other than temporary impairment (OTTI) and Level…
SIX Telekurs Adds Nasdaq OMX Global Index Data
SIX Telekurs has added the Nasdaq OMX Global Index Data Service data feed to its service. The vendor claims customers can now enjoy the benefits of enhanced descriptive data for improved transparency. The Global Index Data Service is a data feed from Nasdaq OMX Information that consolidates all index and exchange traded fund (ETF) valuation…
Increased Demand for Risk Analytics from Buy Side, Finds Northern Trust Survey
The institutional investor and investment management community is keen for more data and analytics around risk management, according to a recent survey by global custodian Northern Trust. Not only is risk a prime area of investment for banks, the buy side is also being forced to re-evaluate its approach to risk modelling and analytics. The…
SmartStream and Swift Partner for SaaS Reconciliation Solution
Following the launch of its software as a service (SaaS) offering earlier this year, SmartStream has teamed up with Swift to add its TLM OnDemand to SwiftNet. Financial institutions can now communicate with the SaaS version of SmartStream’s reconciliation service via the Swift network, explains Philippe Chambadal, CEO of the vendor. “The notion behind the…
Algorithmics Launches New Credit Valuation Adjustment Module
Algorithmics has released a new Credit Valuation Adjustment module aimed at helping banks to use their capital more efficiently through more accurate pricing and hedging of counterparty exposures. The module is an extension to Algorithmics’ Algo Counterparty Credit Risk solution. Ben De Prisco, senior vice president of research and financial engineering at Algorithmics, says: “Conditions…
Large US Bank Opts for Pricing Partners’ Price-it Online for Derivatives
A large US bank has selected Pricing Partners’ platform Price-it online to double value its interest rate, inflation and equity derivatives products. This bank, which wished to remain anonymous, decided to innovate in terms of its transparency and proximity with its clients for OTC derivative products. After an assessment of the available solutions, it selected…
Asset Control’s Enfield Highlights Focus on Valuations and Counterparties
Following its partnership agreement with business entity data specialist Avox earlier this year, enterprise data management (EDM) vendor Asset Control is keenly focused on the area of counterparty data. Rick Enfield, product business owner of the vendor’s AC Plus solution, explains to Reference Data Review why counterparty data and valuations are so important in the…
SIX Telekurs Opens San Francisco Office for West Coast Customers
To better serve a growing customer base on the West coast of the United States, SIX Telekurs has opened an office in San Francisco. Barry Raskin, managing director of SIX Telekurs in the Americas, says: “By having on the ground staff in California, we are eliminating the difficulties of time zones, and positioning ourselves to…
European Commission Bent on Post-trade Infrastructure Revamp for Derivatives
The European Commission has released its proposals for a revamp of the derivatives market in a bid to reduce counterparty risk and improve the transparency of these traditionally opaque instruments. A central tenet of the recommendations, similar to that of the recently proposed US regulatory framework for derivatives, is the introduction of central clearing counterparties…
Pricing Partners Adds New Models for TEC10 and EONIA Products
Pricing Partners has upgraded its independent valuation internet platform in order to more accurately price TEC10 and EONIA specific products. Financial products on the TEC10 rate, which is the market rate at which for the French government can borrow for 10 years, are under the spotlight because of the importance of the government issuances. This…