Data Management Insight Data The latest content from across the platform
Reval Opens Hong Kong Office, Appoints Marsden as Sales Director for Asia
Risk management solutions and valuations provider Reval has opened a new office in Hong Kong and appointed ex-Mergermarket sales head Will Marsden as its new sales director for Asia. The vendor, which currently has offices in Australia, New Zealand and India, hopes the new office will help it to expand its client reach further in…
MFC Global Investment Management Selects Thomson Reuters’ Portia for Recordkeeping
The asset management arm of Canadian-based financial services group Manulife Financial, MFC Global Investment Management, has selected Thomson Reuters’ Portia for its investment recordkeeping requirements. The firm signed the multi-million dollar deal with a view to introducing a single book of record for the public asset component of its investment management business, says said Jacqui…
Pricing Partners Highlights Issues with Recovery Rate Assumptions for CDSs
Valuations provider Pricing Partner has been talking up its new service aimed at providing greater accuracy around recovery rate assumptions for credit default swaps (CDSs). The vendor claims that the financial crisis has highlighted the inaccurate modelling assumptions that have been used as the basis for valuations for these credit derivatives. Eric Benhamou, CEO of…
CMA Upgrades Solutions for Changes to North American CDSs
CME Group-owned Credit Market Analysis (CMA) has upgraded its solutions set to account for the impending changes to the North American credit default swap (CDS) market. The changes, which are being introduced on 8 April and are being championed by the International Swaps and Derivatives Association (ISDA), affect the quoting conventions for single name CDS…
ReferenceDataFactory Adds Support for SIX Telekurs’ Valordata Feed
ReferenceDataFactory (RDF) has added support for SIX Telekurs’ flagship securities reference data service, Valordata Feed (VDF), with the launch of its RDF Adaptive Client Technology for the data feed. Gerry Marsh, managing director of RDF, explains that the addition of the security master reference data, corporate actions and valuation pricing data feed is part of…
Enterprise-wide Approach to Data Management is Focus of Buy Side Middle Office, Says Beacon Consulting Group
Data management has increased in importance for the middle office of buy side firms, according to a recent survey by consultancy firm Beacon Consulting Group. The survey, which involved responses from 40 investment managers, focused on the challenges and opportunities facing buy side firms in the middle office. Keith Brown, president of Beacon Consulting Group,…
DTCC GCA Launches New Web Browser Service for Real-Time Corporate Actions Data
The Depository Trust & Clearing Corporation’s (DTCC) Global Corporate Actions (GCA) business unit has launched a new web browser service that offers real-time access to its global, validated corporate action database. Brett Lancaster, DTCC vice president of GCA, explains that the service is aimed at providing a low cost entry point to often expensive corporate…
Back Office Silos Remain for Japanese Financial Institutions, Says Celent and SmartStream
The back and middle offices of Japanese financial institutions remain very siloed and there has been little progress towards automating areas such as corporate actions, according to a recent report by analyst firm Celent. The report, “Post-Trade Processing in Japan: Back and Middle Office STP at Brokerages, Banks and Asset Managers”, which was commissioned by…
XSP Promotes Bush to Senior Director of Product Innovation and Major Accounts
Corporate actions software provider XSP has promoted its current senior director of channel sales support and product management, Jennifer Bush, to the newly created role of senior director of product innovation and major accounts. In her new role, she will be focused on defining product roadmap development and will report directly to CEO Brendan Farrell….
SIX Telekurs Expands Instrument Coverage of Fair Value Pricing Service
Following the launch of its valuations service last year, SIX Telekurs has now expanded its coverage to include a total of 57,000 straight and zero bonds, and 27,000 floating rate notes. Version 2.2 of the Fair Value Pricing Service has been in development over the last couple of months and is aimed at providing more…