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Risk Avoidance is the Cornerstone of the Corporate Actions Business in the Current Climate, Says HSBC’s Brock
As the representative of global custodian community in the current market conditions, the focus of the industry is wholly on risk avoidance, Stephenie Brock, manager of technology and business solutions for corporate actions at HSBC Securities Services, told delegates to the CorpActions 2009 Europe conference. “Risk avoidance is in fact the cornerstone of the business…
S&P’s FIRMS Launches Raft of New Services While Facing EC Scrutiny
It certainly has been a busy month for Standard & Poor’s and it seems that some parts of the business have had a better January than others. S&P’s Cusip Service Bureau (CSB) has not had a good start to the year with the European Commission’s announcement on 12 January that it will be investigating the…
Reval Claims 50% Increase in Revenue for 2008 and 75 New Clients
Originally appeared in MiFID Monitor In keeping with the perception that risk has become a key focus for investment in the current environment, risk management solutions provider Reval has announced strong client growth over 2008. According to the vendor, it experienced a 50% increase in revenue and the addition of 75 new clients over last…
Interactive Data Adds More Information on Fixed Income Evaluations, Promotes Duggan to COO of Evaluated Services Business
Interactive Data Corporation’s Pricing and Reference Data business has added more data, including a daily market commentary on the fixed income markets, to support its fixed income evaluations services. The vendor says it decided to provide more information within the service free of cost to its client base with a view to increasing transparency into…
S&P Selects SuperDerivatives Credit Derivatives Platform to Power New CDS Indices
It has been a busy month for Standard & Poor’s, what with the launch of a number of products from its Fixed Income Risk Management Services (FIRMS) business and the ongoing investigation of its pricing policies within its Cusip Service Bureau business. Just to prove that the other business lines are also beavering away, the…
Investit to Investigate Sound Practices for Fair Value Pricing with New Working Group
Following requests from its investment management forum, consultancy firm Investit has indicated that it is to embark on an investigation of sound practices in pricing securities, property, OTC derivatives contracts and whole portfolios. Accordingly, the firm and the Investit Intelligence forum have established a fair value pricing working group to examine the issues around pricing…
Contango Capital Advisors to Move from In-house Installation to Eagle’s ASP Service
As proof positive of Eagle president John Lehner’s prediction earlier this month, one of the vendor’s existing wealth management clients has taken the decision to move from an in-house installation to the ASP version of Eagle’s solution. Contango Capital Advisors, the wealth management arm of Zions Bancorporation, will therefore move from its current installation of…
Trillium Software Appoints Bailey as Director of Financial Services Strategy
Trillium Software has appointed Stephen Bailey as director of financial services strategies, as the vendor ramps up its data management offering in the sector. Bailey joins from Edgewater Technology’s financial services practice, where he was vice president of the firm’s consulting arm. The vendor hopes Bailey will provide thought leadership and direction for the lifecycle…
Valuations and Risk Management Feature Prominently in PWG’s Best Practices
Originally appeared in MiFID Monitor Areas such as valuations, disclosure, risk management, business operations, compliance and conflicts of interest are highlighted as critical areas for the adoption of best practices, according to the two private sector committees tasked with establishing best practices for the fund management industry. The committees, which were established in September 2007…
JPMorgan’s Implementation of Cama is One of Highest Volume Corporate Actions Applications in World, Says Information Mosaic’s Byrne
Reference Data Review speaks to John Byrne, CEO of Information Mosaic, about the implementation of its Cama solution at JPMorgan Chase’s global custody unit in the UK. The project, which was completed in November, was the core part of the bank’s decision to consolidate its corporate actions processing with one vendor. The deal also represents…