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Thomson Reuters Launches Valuation Risk Service
Thomson Reuters has joined the valuations vendor community with the launch of a new service that it claims will provide financial institutions with independent valuations across a number of asset classes and instrument types. The vendor says that its new service is based on an “open model” approach to pricing and valuation and is integrated…
Thomson Reuters Steps up Integration and Launches Independent ‘Open Model’ Based Valuation Risk Service
Thomson Reuters has joined the valuations vendor community with the launch of a new service that it claims will provide financial institutions with independent valuations across a number of asset classes including structured products and derivatives. The vendor says that its new service is based on an “open model” approach to pricing and valuation and…
A sombre tone for Sibos
This year’s Sibos was an unusually sombre affair, as the storm clouds both literally and metaphorically gathered over the Austrian city of Vienna and the banking delegates therein. The first day witnessed an exodus of delegates being called back to their head offices as the news broke that Lehman Brothers had filed for Chapter 11…
AllianceBernstein Hires Evaluations Guru Lynch as Head of Pricing
AllianceBernstein has hired John Lynch, who previously headed up price evaluations for Electronic Joint Venture (EJV), the evaluations data provider, before and during its ownership by Bridge Information Systems, as its new head of pricing. Lynch, who also served out a very short stint at Bloomberg in 2006 as head of evaluations, joins from Blackrock.
EDI to Provide Advent Clients with Equities and Fixed Income Corporate Actions Data
Buy side systems vendor Advent Software has signed an agreement with reference and corporate actions data vendor Exchange Data International (EDI), under which EDI will provide worldwide equities and fixed income corporate actions data to Advent clients. The data will be provided to clients via Advent Corporate Actions (ACA), Advent’s straight through processing service. EDI…
Automation is Not a Magic Bullet for Corporate Actions, Says CityIQ
Although areas such as data capture and notifications have been automated, there are still many areas to be tackled in the processing of corporate actions, according to the results of CityIQ’s recent corporate actions survey. Moreover, automation is not the end state for efficiency in the space: adherence to market practices and greater standardisation are…
DTCC Extends to Dividend, Redemption and Reorganisation Services for Canada
The Depository Trust & Clearing Corporation (DTCC) has enhanced its settlement link with CDS Clearing and Depository Services to offer new corporate action services including dividend, redemption and reorganisation services. Patrick Kirby, DTCC managing director for Asset Services, explains to Reference Data Review that the expansion of the services in this area is a result…
Interactive Data Appoints Reference Data Expert Sey to Head Strategy for UK Managed Solutions Business
Interactive Data Corporation has appointed current reference data business manager for Europe Nat Sey to the position of general manager of its Managed Solutions business in the UK. In this position, he will be responsible for managing the financial performance and strategic direction of the division. Reporting to Carsten Dirks, managing director, Interactive Data Managed…
Department of Finance Canada Picks Reval Centre for Derivatives Valuations
The Department of Finance Canada has selected Reval Centre for independent derivatives valuations from financial risk management solution and service provider Reval. The government body will use the solution to provide option fair values for its Canada Savings Bond (CSB) and Canada Premium Bond (CPB) retail bonds. The vendor has an existing relationship with the…
Firms Should Review Data Management in Light of Increasing Volumes, Says JWG-IT
Originally appeared in MiFID Monitor A new white paper published by London-based think tank, JWG-IT, calls on firms to change the way they look at data management in light of ever-increasing equity order volumes and execution venues. It includes findings from recent surveys in London and Frankfurt where 78% of firms rated overcoming the cost…