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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…
Interactive Data Touts Daily Cost Basis Service for Reporting Requirements Under EESA
Interactive Data’s Pricing and Reference Data business is touting its daily Cost Basis service as a solution for brokers required to file Form 1099-B to comply with the new broker basis reporting requirements under the Emergency Economic Stabilisation Act of 2008 (EESA). Charles Price, senior director, entity data products for Interactive Data, says the service…
Markit’s Valuations Business Reports 114% Increase in Pre-tax Profits for 2007
Markit Group’s pre-tax profits for its derivatives valuations business over 2007 experienced an increase of 114% on the previous year. Overall profits for the firm as a whole rose by 47% on the previous year’s figures, according to its full year report. The vendor has been focusing its attention on this valuations business over 2008…
Current Market Conditions Causing Increased Corporate Actions Complexity, Says FISD Panel
Corporate actions models and processes are being ‘pushed’ by the current financial market activity, and the increasing focus on risk and regulations is having an immediate and clear impact on the business of managing corporate actions information, according to a panel of specialists at Wednesday’s FISD Issue Brief event in London. According to Dean Hogan…
Valuations Vendor Consolidation is on the Cards as a Result of Introduction CDS CCP, Say RDR Readers
Most Reference Data Review readers believe the introduction of a clearing counterparty (CCP) in the credit default swap (CDS) market will result in a period of consolidation within the valuations vendor community. According to the results of our recent poll, 56% of readers believe consolidation is on the cards, whereas an optimistic 11% think there…
Valuation Service Provider Prime Source Selects Asset Control’s AC Plus for Data Management
NYSE Euronext’s valuations service subsidiary, Prime Source, has selected Asset Control’s AC Plus financial and reference data management software to support the data requirements of its independent valuations business. Marie-Helene Cretu, CEO of Prime Source, explains that it has implemented the software to cope with increasing customer demands for new markets, geographies and instruments, all…
BlueBay Portfolio Manager Resigns Following Valuations Breach
BlueBay Asset Management has indicated that the portfolio manager of its Emerging Market Total Return fund, Simon Treacher, has resigned following a “breach of internal valuation policy”. The fund management firm has also made the decision to close the fund as a result of the current market conditions but it stressed that this action was…
SolveXia Integrates Fincad’s Derivative Pricing Libraries into SolvenSeerF+
Risk modelling solution provider SolveXia has joined the Fincad Alliance Program to integrate Fincad’s derivative pricing libraries into its SolvenSeerF+ application. Via this partnership, users of SolvenSeer F+ will have access to Fincad’s cross asset risk analytics and are able to leverage the Fincad software for robust derivative valuations by next year, says the vendor….
Fitch Solutions Offers Liquidity Scores for Credit Derivative Assets
Fitch Solutions has created new liquidity scores and percentile rankings for widely traded credit derivative assets aimed at helping banks to identify their exposure to the most liquid and least liquid assets, and strengthen their liquidity risk management procedures. Thomas Aubrey, managing director of Fitch Solutions, explains that the data has been added to provide…
XBRL Announces Support for SEC’s IFRS Roadmap for US Public Companies
Originally appeared in MiFID Monitor XBRL International has publicly announced its support for the US Securities and Exchange Commission’s (SEC) proposed roadmap for the introduction of International Financial Reporting Standards (IFRS) for US companies, which was published on 14 November. The roadmap sets forth several milestones with a view to the introduction of IFRS, as…