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LSE Collaborates with FOW TRADEdata to Automate, Expand Allocation of Sedols for Futures and Options
The London Stock Exchange has entered into a strategic collaboration with FOW TRADEdata, aggregator and distributor of reference data for exchange traded derivatives, with the aim of bringing Sedol instrument codes fully into the futures and options market. As a result of the relationship, Sedol codes, in addition to other identification codes used within the…
OpenLink Adds Markit, Bloomberg Interfaces in New Release of Findur
OpenLink, a provider of cross-asset trading, risk management and operations processing software solutions, has released Version 8.1 of its Findur credit derivatives trading platform. Among other enhancements, the new version offers an interface to derivatives data services from Markit Group as well as access to instrument data from Bloomberg. The Findur platform performs a broad…
Corero Wins New Deal For Radica CAPS Corporate Actions System
Corero, the former Mondas, has received a number of orders totalling more than £270,000 from an undisclosed major investment bank. They include a licence for a module of Radica CAPS, which forms part of a delayed previously announced order, as well as associated professional services and maintenance over the next four years. It will be…
Bloomberg Adds Pricing, Risk Data from NumeriX
Bloomberg has made NumeriX’s pricing and risk analytics available to users of its Bloomberg Professional service, via a select set of Bloomberg Professional calculators. In collaboration with Bloomberg, NumeriX has developed a fully integrated and enhanced version of NumeriX 6, its flagship pricing and structuring application, dubbed the NumeriX Bloomberg Edition. The Bloomberg version features…
Telekurs’ Fininfo Buy May Signal Strategy for Non-Organic Growth
Telekurs’ agreement this month to acquire its former redistributor in France, Fininfo SA, may signal a new willingness on the part of the big Swiss reference and market data vendor to explore avenues for non-organic growth after decades of shunning acquisitive ventures. The €217.7 Million purchase seems to be a good fit, with Fininfo more…
CDO Software Integrates CMA DataVision Feed
CDO Software, provider of tools for users of structured credit products, has integrated the CMA DataVision same day credit default swap (CDS) pricing data into its CDO Tools suite. Sunay Shah, CEO and founder of CDO Software says in today’s market most firms want as much transparency as possible, and that requires taking numerous different…
Buzzelli to Depart Mellon to Join Reuters
Brian Buzzelli, who has led Mellon Financial’s foray into provision and management of reference data as part of its securities administration services offerings, is leaving the custody bank to join Reuters’ enterprise data group as part of the DataScope team. Further details weren’t available at press time.
Help Out There for Asset Managers Struggling to Price OTC Derivatives, But Outsourcing No Silver Bullet
One of the many operational challenges faced by fund managers as they invest more in OTC derivatives is accurately valuing portfolios containing hard to price instruments, but the good news is that “there’s a lot of experience out there” for firms to tap into, delegates at the recent Optimising OTC Derivative Operations in Fund Management…
Central Instrument Model, Compliance with ISO 19312 Key in MDDL 3.0, But Does the Market Really Want it?
Version 3.0 of MDDL (Market Data Definition Language) is now available, but the jury’s out on whether the latest iteration of the XML dialect for securities market data will be greeted with any greater degree of enthusiasm by the market than its predecessors. GoldenSource – historically a strong advocate of the standard – has not…
Firms Will Spend $1.67 Billion on EDM in 2007, Aite Finds, But Most Don’t Plan to Hire Chief Data Officers
Enterprise data management (EDM) initiatives will account for $1.67 billion of spending by financial services firms in 2007, driven in the US by securities reference data challenges and data silos, and in Europe by the requirement to control client and counterparty data to comply with regulation such as MiFID and Basel II. So says analyst…