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CMA Rolls Out Full Term Structures for CMA DataVision
CMA has enhanced CMA DataVision, its same-day consensus-based price verification data service for CDS, indices and tranches. Working with several clients and a team of industry experts, CMA says it has developed a multi-step modelling process to enable it to derive price points and generate a full-term structure with a high degree of accuracy. Using…
Interactive Data Closes Acquisition Of Xcitek Market Data
Interactive Data Corporation has closed the acquisition of the assets comprising the market data division of Xcitek and the market data assets of its affiliate Xcitax for $25.3 million in cash (Reference Data Review, March and April 2007). As part of the initial integration efforts, Xcitek’s services will be marketed as Interactive Data Xcitek.
Thomson, Reuters Boards Agree to Combination Transaction
The boards of Thomson and Reuters have agreed to combine the two groups, and intend to recommend the transaction to their shareholders. Woodbridge, the Thomson family holding company which controls some 70 per cent of Thomson, has irrevocably committed to vote in favour of the transaction, and the Reuters Founders Share Company, which controls a…
Telekurs Financial Unveils New Fair Value Service for Illiquid Bonds
Telekurs Financial has launched a new Fair Value Service for valuing illiquid bonds. The engine-driven evaluation service complements the evaluated pricing data Telekurs Financial takes in from partners such as Mergent, FRI, Bear Stearns and Standard & Poor’s, and has been developed by the vendor to meet a perceived growing demand for illiquid bond pricing….
Value at risk?
News that Telekurs Financial is entering into the evaluated pricing space under its own steam with a new Fair Value Pricing service for illiquid bonds prompts us to reflect on how busy the evaluated pricing arena is getting. If, as it has long been expected to do, Bloomberg finally unveils its evaluations offering this year,…
CMA Appoints Peter Vitale Vice President, Sales
CMA, the credit information specialist, has appointed Peter Vitale as vice president, sales for its credit market pricing data (CMA DataVision) and intraday services (CMA QuoteVision). Vitale, previously head of sales at GFI’s Data & Analytics North America Division, will be based in New York, charged with responsibility for sales and account management globally.
Steven Crane Resigns from Interactive Data…
Steven Crane, president of Interactive Data Corporation’s Pricing and Reference Data business, has resigned to accept a position as chief financial officer of a publicly traded, Massachusetts-based company outside the financial information industry. Stuart Clark, Interactive Data’s president and chief executive officer, will temporarily assume Crane’s position as president of the company’s Pricing and Reference…
COR FS Revamps Salerio for Improved Ref Data Management
COR Financial Solutions (FS) has unveiled a new release of its Salerio post-trade exception management solution which includes a new user interface, enhanced search capabilities and easier navigation around standing data tables, designed to make reference data easier to manage. According to Lee Runciman, head of business development at COR FS, standing settlement instruction (SSI)…
Reuters to Lose Enterprise Information Head Kevin Bradshaw
In a move that has caught the reference data community by surprise, Kevin Bradshaw has resigned his role as global head of Enterprise Information at Reuters and will leave the company shortly. It is understood Bradshaw is moving to a different industry. Reuters offers no comment yet on whether he will be replaced by an…
Mellon, Eagle, Telekurs Team up To Integrate VDF into PACE
Mellon Financial has selected the Valordata Feed (VDF) from Telekurs Financial as part of its enterprise-wide global reference data infrastructure. Mellon is using VDF to integrate a range of securities reference data – including security descriptions, ID cross-reference and corporate actions – into Mellon’s Eagle PACE data management platform, provided by Mellon subsidiary Eagle Investment…