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Thomson Reuters Adds Data Management Solution for Fatca Compliance
Thomson Reuters is making a second foray into the market for Foreign Account Tax Compliance Act (Fatca) compliance solutions with a data management product designed to help financial institutions identify and tag securities that are subject to Fatca regulation and those that are exempt or, in Fatca terms, grandfathered obligations. The company made its first…
Numerix Embeds ActivePivot In-Memory Analytics to Extend CrossAsset Server Capability
Numerix has embedded Quartet FS’s ActivePivot in-memory analytics technology into its CrossAsset Server enterprise analytics engine to deliver real-time analysis, aggregation and visualisation of the large volumes of complex data that result from CrossAsset Service calculations of market risk and counterparty credit risk and derivatives valuations. The partnership provides the first best-of-breed addition to Numerix’s…
Talking Reference Data with Andrew Delaney: IBOR, Therefore I Am
Eighteen months ago, we conducted a survey of 40 or so enterprise architects and data management professionals at Tier 1 and Tier 2 buy- and sell-side firms to try to understand how Big Data could be applied to our marketplace. The answers – you can download the report, sponsored by Platform Computing (now part of…
GoldenSource Responds to Market Interest in Financial Industry Business Ontology
The decision by GoldenSource to map its enterprise data management (EDM) solution to the Financial Industry Business Ontology (FIBO) signals initial industry take up of the semantic standard, which GoldenSource suggests could go as far as becoming a regulatory requirement for reporting. FIBO is an initiative of the EDM Council and describes in business terms…
A Recruiter’s View: On FPGAs, Big Data And Women
Three very interesting features have emerged in fintech recruitment in the first trimester of 2013. The on off nature of FPGA development has led to cluster hiring in the space, big data has taken strides forward and there has been a noticeable improvement in diversity as companies take steps to add more women to their teams. Suspicion…
DTCC Plans Vendor Workgroup to Tackle Data Accuracy of the CICI and LEI
DTCC has responded to criticisms covering the accuracy and quality of CFTC Interim Compliant Identifiers (CICIs) it issues on behalf of the Commodity Futures Trading Commission (CFTC) saying data issues highlighted in a blog by data consolidator Alacra are the result of how business rules are being applied to entity registrations. Despite its defence, DTCC…
Markit Builds on Risk Expertise to Extend Functionality of Portfolio Valuations Service
Markit has added in-house risk expertise and newly developed scenario analysis to its portfolio valuations service with a view to offering users improved risk management and increased transparency around valuations. The same market data and pricing models are used to drive both risk and valuations, allowing the service to provide value at risk (VaR) and…
Talking Reference Data with Andrew Delaney: A Close Shave
Anyone who was lucky enough to squeeze into the opening keynote presentation at our Data Management Summit in March (standing room only) would have heard me winging it a little as I awaited our speaker – Wipro’s Paolo Mittiga – who’d been delayed by various transportational snafus. When I took the stage to offer our…
Industry Underprepared for OTC Derivatives Trading and Market Regulation
By Ganesh Iyer, Senior Product Marketing Manager for Network Services, IPC Systems While recent years have seen much talk of financial reforms, there has remained a distinct lack of clarity around what new regulations will mean for financial institutions. In the trading industry, the regulations that will have the biggest impact are European Market Infrastructure…
Valuing High-Yield Corporate Credit in the New Regulatory Environment
The 2013 regulatory environment is putting increased pressure on valuations for speculative-grade corporate credit, namely high-yield bonds, leveraged loans and collateralized loan obligations (CLOs). Not only is the final price under greater scrutiny, financial firms will now be required to defend their methodologies on harder-to-price securities. With transparency having become the new regulatory buzzword, pricing…