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Interactive Data Enhances Cost Basis Service for Multiple Tax Lots
Interactive Data’s Pricing and Reference Data business has enhanced the capabilities of its web-based Cost Basis service. This service is designed to help automate the calculation and delivery of cost basis information and enable firms to more effectively monitor their customers’ securities cost basis over time. Interactive Data has broadened the capabilities of the service…
European Parliament Introduces New Legal Framework for Ratings Agencies
Last week, the European Parliament approved the introduction of a new regulatory framework for the region’s ratings agencies as part of its post-crisis overhaul of the oversight of the financial services sector. The new regulation is aimed at ensuring that credit ratings used in the EU for regulatory purposes are of the “highest quality” and…
Quantifi Releases Version 9.2 to Support Evolving Global Credit Markets
Quantifi, a provider of analytics and risk management solutions to the global credit markets, has announced the release of Version 9.2 (V9.2) of the firm’s pricing, hedging and risk analysis software. Quantifi has released V9.2 as part of its ongoing commitment to keep customers up to date with the market’s rapidly changing regulatory and operational…
DST Global Solutions Appoints Sarwal as Chief Exec of its Investment Management Solutions
DST Global Solutions has appointed Arun Sarwal as Chief Executive of its Investment Management Solutions business. Sarwal, who has been advising the company on its strategy since September 2008, will head a business division comprising around 800 employees across some 16 locations with responsibility for solutions strategy, application development and delivery, client support and consulting…
US Department of Justice Scrutinises Markit’s CDS Activities
Regulatory scrutiny of the derivatives market is at an all time high following the financial crisis and the desire of the regulatory community to be seen to be taking the issues raised by the crisis in hand. Most recently up for investigation is data provider Markit Group, which is currently under investigation by the US…
The Sibos Vendor Agenda: Fiserv’s Harries on All Things Swift and Securities
Ahead of next month’s Sibos conference in Hong Kong, A-Team Group speaks to exhibitors and attendees about what they’re expecting from Swift this year. Geoff Harries, vice president of product strategy at Fiserv, discusses the hot topics for the conference and how they relate to the vendor’s own agenda. As previously noted by Reference Data…
FISD and Lakefront Data Salary Survey Highlights Data Management’s Modest Pay Scales
It is no secret that data management is a part of the financial services industry that has long been underfunded in comparison to other areas. To back up the anecdotal data that already exists about the plight of the data manager, the Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA)…
EDM Council Publishes Lengthy Update on Semantics Repository
The EDM Council has this week published a full update on its Semantic Repository project, following the completion of its initial development work on static data. The industry group has been working to make the repository more user friendly, says Mike Atkin, managing director of the EDM Council. The industry body is asking for members…
Reval Aims to Serve as Trade Repository for OTC Derivatives
In an effort to aid its corporate clients as well as the Obama administration’s plans to bring transparency to the US$592 trillion OTC derivatives market, Reval, a global provider of derivative risk management and hedge accounting solutions, has announced its intent to serve as a trade repository for OTC derivatives used by corporate end users….
FCAG Says Mark to Market Rules Not to Blame for Procyclical Nature of Market
The Financial Crisis Advisory Group (FCAG) has released its final report indicating that mark to market accounting standards did not fuel the procyclicality of the market. The group, which is the joint effort between the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB), established to tackle accounting standards in the…