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OTC Val Expands Derivatives Coverage to Synthetic and Bespoke Products
OTC Valuations (OTC Val), a provider of independent derivatives valuation and risk reports for structured products and exotic derivatives, has expanded its derivatives coverage for credit, inflation, equity, FX, and fixed income products. The vendor has increased its asset class coverage to meet client demands for both vanilla and complex derivatives pricing. OTC Val has…
Interactive Data Signs Agreement with Expansión for Spanish Funds Data
Interactive Data Corporation’s Managed Solutions group has signed an agreement with Spanish financial information company Unidad Editorial (Un), under which Interactive Data has rights to market and distribute funds data provided by Un’s newspaper Expansión in Spain and Portugal. The agreement also includes calculating, maintaining and distributing Expansión’s new star ranking of funds in both…
Interactive Data Expands Interest Rate Swap Valuation Service
Interactive Data Corporation’s Pricing and Reference Data business has expanded its interest rate swap valuation service by adding 3pm ET valuations, independent valuations for compounding swaps, and certain historical valuations for interest rate and credit default swaps. According to the vendor, it currently offers interest rate swap valuations in six major currencies and estimates that…
Citadel Solutions Picks Markit for Portfolio Valuations
Citadel Solutions, a provider of hedge fund administration and reporting services, and data, portfolio valuations and OTC derivatives trade processing vendor Markit have signed an agreement under which Markit will provide Citadel Solutions’ clients with independent portfolio valuations. John Buckley, president of Citadel Solutions, explains: “This agreement is part of the multi-vendor strategy we use…
Interactive Data Completes €19 million Purchase of Italian Reference Data Supplier Kler’s
Interactive Data Corp. has completed the acquisition of Italian reference data provider Kler’s Financial Data Service Srl. for €19 million in cash. The move is part of Interactive Data’s plan to boost its presence in the European marketplace. Rome-based Kler’s provides corporate actions and taxation information, coverage of Italian and international securities including equities, listed…
Wolters Kluwer Financial Services Buys Compliance Online
Originally appeared in MiFID Monitor Wolters Kluwer Financial Services has purchased Compliance Online, an online compliance information provider focused on regulatory information, analysis, news and value-added commentary for the UK’s financial services market. Compliance Online provides UK customers with explanatory regulatory information to help the customers understand how to conduct business under the Financial Services…
BCC di Roma Picks SunGard’s Reech FastVal for OTC Derivatives Valuations
Italian bank La Banca di Credito Cooperativo (BCC) di Roma has selected SunGard’s OTC derivatives valuation service, Reech FastVal, for the valuation of its structured products. According to SunGard, the bank has chosen to use the service on an application service provider (ASP) basis to keep costs down and speed up implementation. The vendor says…
SimCorp Integrates Fincad Derivatives Analytics into Dimension
Fincad and SimCorp have entered into an agreement to integrate Fincad’s derivatives pricing software into SimCorp’s investment management enterprise solution, SimCorp Dimension. The global agreement extends SimCorp Dimension’s integrated pricing mechanism to encompass a wider range of derivatives than previously available, including credit derivatives and instruments implemented within the system’s new XpressInstruments framework. Søren Pedersen,…
Interactive Data Connects to GGY’s Axis for Fixed Income Analytics
Interactive Data Corporation has added an interface to the BondEdge structured finance cash flow engine and library through GGY’s Axis system. The Axis system’s pricing, valuation and modelling tools can now be used for the complex fixed income securities modelled by Interactive Data Fixed Income Analytics. According to the vendor, the fully integrated offering is…
Data Management Still Not on C-Level Radar, Says EDM Council
Although data’s importance to a business is understood at an abstract level, it is not on the strategic radar of the executive management of most firms, according to a recent report by the EDM Council. The report, Finger on the Pulse of Enterprise Data Management, is based on direct qualitative interviews with the heads of…