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Deutsche Postbank Picks Asset Control’s AC Plus
German bank Deutsche Postbank has selected Asset Control’s AC Plus financial and reference data management software to provide pricing data to the bank’s risk control department and support its internal value at risk (VaR) model for market risk. Phil Lynch, Asset Control’s president and CEO, says that the vendor has been speaking to the bank…
Outcry for Regulatory Reform and Transparency Paves the Way for E-Delivery and Consent Strategies
Originally appeared in MiFID Monitor By Len Driscoll, chief client officer at NewRiver The fallout from the recent financial market turmoil and the looming presidential election have created a ‘perfect storm’ for a regulatory impact to hit by year end. After a decade of false starts and failed attempts at fixing the cumbersome, costly ‘big…
…While GarantiBank Picks GFI’s Fenics FX for FX Options Pricing and Risk Management
Dutch bank GarantiBank International has selected GFI’s FX options pricing and risk management software, Fenics FX, for the management and revaluation of its forex options positions. Under the agreement, the bank has taken a three year licence for the software. Atilla Burmali, senior system analyst at GarantiBank, explains: “The bank needed better security and transparency…
GFI Group Provides Prism Valuation with Credit Derivatives Data…
GFI Group and Prism Valuation, a provider of valuation and risk management services, have signed a multi-year agreement for Prism to use GFI credit derivatives data in its valuation services. Philip Winstone, global head of data sales at GFI, explains that discussions between the two parties have been ongoing since March this year. “A short…
Hedge Fund Software Vendor Tradar Creates Interface to Thomson Reuters Reference Data Systems
Tradar, a software provider to the hedge fund industry, has created an interface to link its portfolio management and accounting platform to Thomson Reuters’ reference and historical pricing systems. According to the software vendor, the move is a reaction to increased customer demand for Thomson Reuters’ data. Tony Swei, CEO, Tradar, explains: “Recently, we’ve found…
Interactive Data Adds GlobalRating Group Ratings to Credit Ratings, Conducts Research on Benchmark Indices
Interactive Data Corporation’s Pricing and Reference Data business has added credit ratings from the GlobalRating Group to its Credit Ratings – Emerging Markets service. The vendor has also released the results of its recent quantitative research comparing international mutual funds with relevant benchmark indices. Anthony Neville, divisional director, Interactive Data (Europe), explains the impact of…
MTF Operators Join Forces to Form Pricing Data Working Group
Originally appeared in MiFID Monitor Multilateral trading facility (MTF) operators Chi-X, Turquoise, Plus Markets and Nasdaq OMX have formed an informal working group to examine the potential of establishing an alternative source for pricing and market data. The agreement between the various parties is a reaction to the fragmentation of the equity markets under the…
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…