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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…
Markit Launches New CDS Data and Information Portal
Markit has launched a new web-based credit default swap (CDS) data and information portal, which it says is designed to increase transparency in the traditionally opaque market. The service can be used as a market monitoring tool and the data vendor indicates it includes a calculator to support the current market migration to a standardised…
Reval Hires Ex-QuIC Sales Exec Sirett as Managing Director for EMEA Region
Risk management solutions provider Reval has hired ex-QuIC Financial sales head, Nigel Sirett as its new managing director for the Europe, Middle East and Africa. In his new role, he will be responsible for driving sales in the region for its derivative risk management and hedge accounting solutions. At QuIC Financial, Sirett was responsible for…
Broadridge Signs Strategic Alliance with Oracle for Mantas Compliance Solution
Representing its third partnership agreement this month, Broadridge Financial Solutions has signed another strategic alliance, this time with Oracle Financial Services Software to offer a best practices compliance solution for financial institutions using Oracle Mantas. Under this new agreement, Broadridge hopes to offer financial institutions a one stop shop for compliance via a managed solution…
Susquehanna Financial Group Completes Integration of Derivix Solution into In-House Platform
Susquehanna Financial Group (SFG) has completed the integration of the Derivix options trading solution into its in-house technology platform, with a view to expediting its access to pricing data. The deal represents the largest customer deployment to date for the options pricing, risk visualisation and analytics provider, says Jonathan Weedon, CEO of Derivix. Aaron Hantman,…
GoldenSource Joins Derivatives Bandwagon with New Valuations and Risk Management Solution
EDM vendor GoldenSource has taken the plunge and joined the derivatives data management vendor community with a new offering aimed at helping financial institutions value portfolios and manage risk for derivatives products. Neil Edelstein, senior director of product solutions at the vendor, explains that the launch of GoldenSource for Derivatives was based on both a…
Broadridge Signs up with Information Mosaic for Corporate Actions and Extends Agreement with NewRiver for Summary Prospectus Solution
Outsourcing solution vendor Broadridge seems to be undergoing something of a strategic overhaul this month, with the announcement of two new key partnerships in the data management space. The vendor, which had a tough start to the year with net earnings for the first quarter of fiscal 2009 down by 1%, has signed two new…