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Hedge Fund Administrators Should Provide Greater Transparency for Derivatives Valuations, Says OTC Val
Hedge fund administrators need to modify their current business and operational processes and to adopt new practices designed to provide greater insight and transparency into the value of derivatives, according to a recent whitepaper by OTC Valuations (OTC Val). The whitepaper, entitled Independent Pricing For Complex Derivatives and Illiquid, Hard-to-Value, Securities: Trends and Current Practices…
OTC Val Expands to FAS 157 Non-performance Risk for Valuations
OTC Valuations has expanded its valuation service to include non-performance risk under FAS 157, which refers to the risk that the obligation will not be fulfilled. Bob Sangha, managing director of OTC Val, explains that the expansion of its valuations service is in reaction to client requests and requirements. Sangha comments: “Expanding our services once…
The seven deadly sins versus the “truth”
Unusually for a financial services conference, this year’s FIMA focused on the negative aspects of capitalism; the topic of the seven deadly sins kept cropping up throughout the sessions – including greed, sloth and gluttony (well, at the buffet table at the very least…). However, these aspects of the industry were not seen in a…
Yuanta Financial Holdings Selects NumeriX Excel for Valuations and Risk Management
Yuanta Financial Holdings has deployed NumeriX Excel within its risk department to provide analytics and pricing for derivatives and structured products. Via the implementation of the solution, the Taiwan-based firm hopes to more accurately price and calculate mark-to-model prices as well as measure the risk for these products, says Connie Lin, chief risk officer at…
Interactive Data to Acquire Majority of NTT Data Financial for US$20.2m
Interactive Data Corporation has announced its intention to acquire the majority, at 64%, of NTT Data Financial Corporation (NDF) from NTT Data Corporation for 1.9 billion yen, or approximately US$20.2 million, in cash. The two firms have been redistribution partners for more than 14 years but Interactive Data made the decision to have a direct…
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,…