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Loomis, Sayles & Company Implements CheckFree eVent For CA Announcement Capture from Custodians, Vendors
Boston-headquartered investment manager Loomis, Sayles & Company is automating its corporate actions processing with CheckFree eVent. The firm, predominantly a fixed income house with some $105 billion in assets under management, is already a user of CheckFree TradeFlow for settlement instruction processing of cash securities and FX. Loomis is currently in beta testing for the…
Association of Global Custodians Calls for Issuers to Join the ISO Party, Urges Members to Adopt ISO15022
The custodial bank community has often been blamed for ongoing inefficiencies in corporate actions processing as a result of supposed reluctance among custodians to adopt standardised messaging. The allegation has been that they would prefer asset managers to communicate with them via proprietary mechanisms, rather than using standardised ISO 15022 messages for corporate actions. Now…
Strategic Evolution of Reference Data Well Under Way, Data Management Attracting Board Level Attention
Proof of the long-predicted evolution of reference data management into a strategic concern for financial institutions comes this month in a new A-Team research paper commissioned by SunGard Data Management Solutions. The research, the result of a Buyer Persona Study carried out by A-Team Group during Spring 2007, finds that the strategic evolution of reference…
Avox Signs Up Nomura International
Deutsche Boerse-owned counterparty data specialist Avox has added Nomura International to its roster of clients, where it joins the likes of Citigroup, Dresdner Kleinwort, Barclays Capital, Bank of Scotland and Standard Bank. Nomura International also entered into a three-year deal with Avox competitor CounterpartyLink last year (Reference Data Review, October 2006).
Helaba Invest and HSBC Trinkaus & Burkhardt Pick Telekurs Financial’s Intraday Pricing Service
Helaba Invest and HSBC Trinkaus & Burkhardt have opted to install Intraday Pricing Service (IPS) from Telekurs Financial in their organisations. Intraday Pricing Service delivers real-time snapshots at times defined by the customer. It facilitates the updated, individual valuation of portfolios and securities holdings several times a day. In combination with the Intraday Pricing Service,…
Interactive Data Expands Analytics Content to North America, Following European Launch Last Year
Interactive Data Corporation is making available analytics content, powered by its BondEdge service, to evaluated pricing clients in North America. The new Analytix Direct service, introduced in Europe in 2006 (Reference Data Review, November 2006) “delivers a range of option-adjusted measures including duration and convexity, option-adjusted spread (OAS) and key rate durations”, according to the…
Asset Control Appoints Misys’ Bennfors CFO; IBM’s Katsoff Head of Services
Asset Control has appointed two new executives to its senior management team. Peter Bennfors joins the company from his role as operations director with the treasury and capital markets group at Misys as chief financial officer, and Rich Katsoff joins from IBM, where he was associate partner within the business consulting/financial markets group, in a…
Swift AGM Approves New Regulators Category
Swift has received unanimous approval at its AGM for the addition of Financial Market Regulators as a new participant category on the network. Admitting regulators to Swift will make it easier for Swift members and users to meet regulatory transaction reporting obligations, while facilitating the development of global regulatory reporting solutions, Swift says. The approval…
Reuters Testing Equity Derivatives Pricing Capability, Will Make Prices Available to All Clients in Q3
In a bid to keep up with customer requirements for prices across a broader range of instrument types, Reuters is currently testing a capability to price equity derivatives, with a view to making equity derivatives prices available to all clients in the third quarter. Increasingly, consumers of evaluations have a growing abundance of sources to…
Markit Launches Daily CDS of ABS Spread Service…
Markit has launched a daily consensus spread service for CDS of ABS. CDS of ABS, also known as ABCDS, are credit default swaps referencing asset-backed securities. Markit’s CDS of ABS spread service receives daily feeds from market makers’ books of record. Spreads are cleaned and validated overnight before publication the following morning. Clients of the…