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Most Institutions Dissatisfied with Valuations Providers, Says PRMIA and OTC Val
Most institutions are dissatisfied with the valuations services being provided to them, according to a recent survey by the Professional Risk Managers’ International Association (PRMIA) and OTC Valuations (OTC Val). The survey, entitled “Transparency and Independence of Derivative Valuations – Current Practices, Trends, Challenges, and Recommendations”, looks at the valuations practices within 483 firms in…
Interactive Data Launches Fair Value Information Service for Equity Derivatives
Interactive Data Corporation’s Pricing and Reference Data business has launched a Fair Value Information Service that covers international equity index futures, international exchange listed and OTC equity options. According to the vendor, this service is aimed at helping institutions to meet their fair value requirements for portfolios that contain these financial instruments. Shant Harootunian, managing…
Julius Finance Calls for Standardised House Price Appreciation Scenarios for CDO Valuations
Standardised house price appreciation scenarios should be used in the valuation of complex financial products such as mortgage backed CDOs, according to Julius Finance, CDO valuation technology provider. Peter Cotton, CEO of Julius Finance, explains that a “rigorous approach” is needed to accurately price these products. Julius Finance provides standardised scenarios for corporate defaults using…
European Fund Administration Upgrades to Aim Software’s Golden Copy
Luxembourg-based European Fund Administration (EFA) has decided to upgrade to Aim Software’s flagship Golden Copy solution with a view to optimising the processing of reference data from Telekurs and Bloomberg. EFA implemented the Gain platform in 2004 but it says that factors such as volume increases in data have forced it to upgrade to a…
Tullett Prebon Information Signs Agreement with Koscom to Reach Korean Market
Tullett Prebon Information (TPI), the data subsidiary of Tullett Prebon, has signed a multi year agreement with Koscom Corporation, a Korean provider of specialised IT financial services, under which TPI will supply Koscom with a range of money market and interest rate data. Koscom, which is the software supplier and distribution channel for the Korean…
Goldman Sachs Selects Derivix for Real-time Options Pricing and Analytics
Goldman Sachs has selected Derivix as the exclusive provider for advanced real-time options pricing and analytics within its Goldman Sachs Electronic Trading (GSET) Signature Programme. According to the vendor, the selection was driven by client demand for fast, accurate and efficient analytics. As a signature partner in the programme, Derivix’s options pricing, analytics and risk…
Interactive Data Steps into Valuations Arena with Prism Valuation Agreement
Interactive Data Corporation’s Pricing and Reference Data business has signed an exclusive agreement with Prism Valuation, under which Interactive Data will be able to provide valuations of complex OTC derivatives and structured products as part of its pricing and evaluation services. The agreement will enable the vendor to further expand and enhance the breadth and…
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…