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Interactive Data Completes Acquisition of 79% of NTT Data Financial for US$25.8m
Following the announcement of its intention to buy 79% of NTT Data Financial Corporation (NDF) in November, Interactive Data Corporation has finally announced the initial closing of its acquisition. The vendor paid approximately 2.4 billion yen, or approximately US$25.8 million based on current foreign exchange rates, in cash to acquire 79% of NDF, of which…
DSTi to Focus Attention on Middle Office Data for Derivatives in 2009
Following the appointment of Tom Abraham as CEO last year, investment management solution vendor DST International (DSTi) has refocused its attention on the area of the middle office within asset management firms. Steve Cheng, head of solution, Investment Control at DSTi, explains to Reference Data Review the details of the vendor’s recent research and its…
Widespread Failure of the Gaussian Copula Valuation Model is at Root of Credit Turmoil, Says Quantifi Survey
There has been a widespread failure of the Gaussian copula valuation model in the credit derivatives market, according to a recent survey by analytics and risk management solution provider Quantifi. Rohan Douglas, CEO of the vendor, explains that the failure of the standard one factor models that are widely used to price synthetic collateralised debt…
Xtrakter Launches Mark-to-Market Valuation Service
Xtrakter has launched a new mark to market valuation service, dubbed XM2M, which it says is the first in a series of new tailored information offerings from the firm. XM2M is aimed at providing interdealer brokers and market makers with fixed income market prices, both traded and quoted, to assist them in determining the market…
Standard & Poor’s Index Services Selects Interactive Data for Commercial Paper Valuations
Standard & Poor’s Index Services has selected Interactive Data’s Pricing and Reference Data business to provide daily independent evaluations of commercial paper issues for its recently launched S&P US Commercial Paper Index. Interactive Data’s offering was selected because it provided coverage for the comprehensive collection of securities which comprise the index, says James Rieger, vice…
Prime Source and Pricing Partners Join Forces for Valuations Offerings
Following its selection of Asset Control’s AC Plus earlier this month, NYSE Euronext’s valuations service subsidiary, Prime Source, has announced a partnership with Paris-based Pricing Partners under which the firms will combine their valuations offerings. The valuations vendors hope that the agreement will allow them to extend their instrument and global coverage. Pricing Partners’ focus…
SIX Telekurs Reaches 5m Milestone for Database Instrument Coverage
SIX Telekurs has passed the five million milestone for the number of international instruments covered by its reference database. The recently restructured vendor says the database has witnessed steep continual growth over the past year. The increase in financial data covered by the company can also be partly attributed to the acquisition of Fininfo SA…
Netik Packages Information Portal for Money Managers and Investor Services Firms
Netik has packaged its Netik Information Portal to create pre-configured reports and queries in a hosted environment as a service for money managers and investor services firms. The vendor indicates that it has leveraged the intellectual property of its core offering, Netik InterView, to create this fully managed service. Netik’s solution aims to provide transparency…
Mark-to-Market Could be Here to Stay Says SEC, While Cox Talks up Best Practices
The Securities and Exchange Commission (SEC) is likely to refine the application of mark-to-market accounting rules rather than replace them, according to recent market reports. The regulator is currently engaged in a study of the rules, which it must send to Congress by 2 January. SEC chairman Christopher Cox spoke about some of its findings…
SuperDerivatives Claims a 250% Increase in Demand for Valuations Services
Despite the downturn in the market, derivatives valuations provider SuperDerivatives claims it has experienced a 250% increase in demand for its services over the past year. The vendor says there has been an increase in customer acquisition and sales over the past year as more institutions adopt third party evaluation as best practice. According to…