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Pricing Partners Launches Price-it VaR
Pricing Partners announced the release of a new module providing value at risk (VaR) and stress tests calculations today. With the recent unpredictable market movements, the accurate calculation of VaR, risks and stress tests on complex products has become a crucial issue for banks, risk control departments, asset managers and hedge funds. This new module,…
Columbus Avenue Consulting is First Client for SunGard’s Revamped FastVal Solution
Following SunGard’s upgrade of the technology platform underlying FastVal last year, SunGard has netted its first client of 2010 for the valuations solution in the form of global fund administrator Columbus Avenue Consulting. The firm, which is focused exclusively on the hedge fund market, is the first client to go live on version 3.0 of…
Merchant Capital Selects Kinetic Partners for Risk Management and Valuation
Merchant Capital’s UCITS III platform for hedge fund managers has appointed Kinetic Partners to manage risk management systems across the entire platform. Merchant Capital enables asset managers to quickly and efficiently launch UCITS compliant investment vehicles to the European market. Funds using the platform take approximately four to six weeks to launch, a process that…
CEBS’ Carosio Discusses 2010 Focus on Risk and EBA’s Role in Regulatory Data Infrastructure
The Committee of European Banking Supervisors (CEBS) was originally established as a forum to lead the charge towards a new Basel framework but in recent years it has become increasingly focused on the practical realities of risk management. Giovanni Carosio, deputy director general of the Bank of Italy who took over the reins as chairman…
SEC’s Proposed Revisions to Money Market NAV Reporting Could Pose Significant Data Challenge
This week the US Securities and Exchange Commission (SEC) has added another set of proposals to its regulatory to do list, this time in the form of new reporting requirements for money market funds. The rules, should they be passed, would require these funds to regularly report their net asset value (NAV) to the regulator,…
Markit Confirms Details of General Atlantic Acquisition of 7.5% Stake
US-based private equity firm General Atlantic has acquired a 7.5% stake in pricing and valuations supplier Markit, which is currently majority owned by a consortium of sell side and buy side firms, in return for a US$250 million investment in the company. A spokesperson from Markit confirms the details of the deal, which values the…
UPDATE: Private Equity Firm General Atlantic Acquires 7.5% Stake in Markit
US-based private equity firm General Atlantic has acquired a 7.5% stake in bank owned pricing and valuations supplier Markit in return for a US$250 million investment in the company. The stake values the rapidly expanding data and post-trade services provider at around US$3.3 billion and has meant General Atlantic CEO Bill Ford has bagged a…
UK FSA Grants Approval to Xtrakter for the Regulatory Reporting of Derivatives Using AII Codes
The UK Financial Services Authority’s (FSA) February deadline for the introduction of the Alternative Instrument Identifiers (AII) is fast approaching and this week the regulator has granted Trax platform operator Xtrakter approval to regulatory report exchange traded derivatives (ETD) using the new identifiers. Jason Waight, Xtrakter’s recently appointed director of product management, explains to Reference Data…
Advent Software Announces Release of Axys 3.8
Advent Software, a provider of software and services for the global investment management industry, today announced the release of Axys 3.8, an important update to Advent’s turnkey portfolio accounting and reporting solution. The latest release of Axys marks Advent’s continued commitment to keeping the platform current as technology and regulatory changes impact its client base….
Let’s Focus on Inter-Party Latency
Latency – and keeping it low – remains a concern for the financial markets. We at A-Team know, because our latest poll at low-latency.com found that 80% of respondents reckoned it will be more of a concern in the future. With all this algo and high frequency trading going on, events in the world would…