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S&P Under Investigation by European Commission for Pricing of ISINs
All eyes will be on the European Commission as it investigates Standard & Poor’s pricing practices concerning International Securities Identification Numbers (ISINs). The EC launched its inquiry this month, and many will see the outcome as a precedent for numbering agencies’ future ability to charge consumers and redistributors for the identification codes it administers. The…
Wolters Kluwer Promotes Monteiro and Schwingen Within Securities Compliance Solutions
Originally appeared in MiFID Monitor Wolters Kluwer Financial Services has promoted Anna Monteiro to senior director of regulatory products and editorial operations and Randy Schwingen to director of corporate actions products and editorial operations. Previously, Monteiro was director of product strategy for the securities compliance solutions group and Schwingen was senior product manager for corporate…
S&P’s FIRMS Business Joins Valuations Vendor Community with Structured Asset Portfolios Service
As another example of Lou Ecclestone’s revamp of the Standard & Poor’s offering as part of its recently launched Fixed Income Risk Management Services (FIRMS) business, the vendor has added a new valuations service for structured assets and complex securities. The Valuation Scenario Services for Structured Asset Portfolios pits S&P against the competition in the…
Southwest Securities Selects XSP for Corporate Actions Processing
Texas-based broker-dealer Southwest Securities has selected XSP to automate its corporate actions processing. As a result of the deal, the firm will roll out the XSP data management module and XSP’s Electronic Tracking Response and Notifications (eTRAN) module for automated notification, response capture and elections processing. Brendan Farrell, CEO at XSP, explains that the vendor…
European MTFs Continue Data Discussions for Pricing Service
Originally appeared in MiFID Monitor Following the announcement towards the end of last year that a group of European multilateral trading facilities (MTFs) would be working together to develop a common symbology system and pricing data service for European stocks, the group has indicated it is conducting meetings regarding the plans this week. The group,…
Prime Source Adds Interactive Data’s Bond Evaluations to Valuations Service
NYSE Euronext’s valuations service subsidiary, Prime Source, has chosen to add bond evaluations from the Pricing and Reference Data business of Interactive Data to its valuations service. The vendor, which was established in February last year, hopes that the data from Interactive Data will enhance its multi asset-class portfolio valuations service. Prime Source’s service is…
Millennium Management Expands Beyond Valuations to Outsourcing with GlobeOp
Global multi-strategy investment management firm Millennium Management has expanded its agreement with GlobeOp Financial Services beyond its current agreement for valuation, share registry and transfer services to fully outsourced fund administration services. GlobeOp has now become the administrator of record for all three Millennium funds, whereas previously its services were limited to the Millennium International…
GoldenSource’s Kennedy Replaces Sey at Interactive Data as Ref Data Business Manager
Interactive Data has appointed ex-GoldenSource EDM head Paul Kennedy as reference data business manager for its European arm. He will be charged with developing the vendor’s European reference data offerings, working with customers and prospects, building relationships with industry trade bodies, working groups and software vendors. Kennedy will also work with Interactive Data’s reference data…
CESR Releases Statement Regarding Instrument Reclassification for Fair Value Accounting
Originally appeared in MiFID Monitor Following a request by the European Commission last October, the Committee of European Securities Regulators (CESR) has released a statement regarding the reclassification of financial instruments for fair value accounting. The regulatory body has worked in cooperation with the International Accounting Standards Board (IASB) to tackle the issues identified by…
Thomson Reuters’ Ex-EDM Head Barr Moves to Switzerland to Markets Role
Following a year of restructuring, the dust is in the process of settling for the various divisions of Thomson Reuters. It appears that as well as a number of exits, there have been a fair few significant reshuffles. One such move is the transfer of Gary Barr, Reuters’ ex-global head of EDM, from the US…