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Brazilian Hedge Fund Paineiras Investimentos Picks Xenomorph’s TimeScape
Brazil-based hedge fund Paineiras Investimentos has selected Xenomorph’s TimeScape data and analytics management system to replace its current Excel-based solution for data management and validation, risk management and back testing. The hedge fund hopes the system will significantly accelerate its trading and risk management processes, according to partner and trader in the firm Andre Portilho….
Corero Appoints Forsgren as Head of Sales
Following a difficult year in terms of performance and the departure of a number of senior executives, corporate actions solutions vendor Corero has decided to finish the year with a new head of sales: Mats Forsgren. He will be responsible for all sales activities globally with the Corero Financial Markets division and joins from Chris…
Industry Focus on Risk May Result in More Investment in Corporate Actions Automation, Says Swift and CityIQ Panel
Despite the downturn in the markets, corporate actions automation has not fallen off the industry radar, according to speakers at CityIQ and Swift’s London seminar at the end of October. Rather than driving down spending, a reduced tolerance for risk provoked by recent events could instead encourage increased investment in corporate actions automation in the…
NumeriX Extends Integration Partnership with Calypso Technology
NumeriX, an analytics provider for structuring, pricing and valuation of derivatives and structured products, has extended its integration partner agreement with Calypso Technology, with whom it has been working with since 2005. As a result of this expanded agreement, Calypso users will now have access to NumeriX’s pricing and risk analytics software. As per the…
Quantifi Opens Australian Office, Appoints Glover to Head
Quantifi, an analytics and risk management solution provider, has opened an office in Sydney, which it says is in response to increasing regional demand. The firm has appointed James Glover as head of APAC sales to manage the Asia Pacific region, including its existing business in Japan. The Sydney office will focus on product development,…
StatPro Launches SaaS System for Pricing of Complex Financial Assets
StatPro Group has launched a new software as a service (SaaS) offering for the pricing of complex financial assets. The new system covers instruments that the vendor describes as needing a complex valuation model and traded market data to be priced, including interest rate swaps, credit default swaps on single names and baskets, FX forwards…
IASB Trustees Urge G20 to Preserve Fair Value Accounting Rules
Prior to the talks of the G20 at the weekend, the trustees of the International Accounting Standards Board’s (IASB) oversight body urged leaders to preserve fair value accounting rules. In a letter to summit host and outgoing US president George Bush, trustee chairman Gerrit Zalm indicated that snap decisions should not be taken regarding fair…
Sifma’s Ryan Urges US Treasury to Focus on Price Transparency for Tarp
Originally appeared in MiFID Monitor Tim Ryan, president and CEO of the Securities Industry and Financial Markets Association (Sifma), has called for the US Treasury to focus on the creation of price discovery through some type of transparent purchase programme as part of the Troubled Asset Relief Program (Tarp). Following last week’s discussions with US…
Prism Valuation to Use Icap as Main Underlying Source of OTC Information
Interdealer broker Icap and Prism Valuation have finalised an agreement that will allow the valuations provider to use Icap data as the main underlying source of OTC information for its services. Although financial terms of the deal have not been disclosed, Icap has also become a minority shareholder in the vendor. The data agreement between…
LakeFrontData Consulting Adds EDM Capability Assessments and Managed Data Service Vendor Evaluations Services
Following the launch of its jobs website last week, LakeFrontData Consulting has added two new data management consulting services to its consultancy services offering. The firm has created enterprise data management (EDM) capability assessments and managed data service vendor evaluations, which it says are aimed at providing clients with a holistic view of their requirements….