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Bloomberg Decides to Provide its Codes for Free: Regulators 1, Data Vendors 0?
Given the regulatory investigations into data rivals Thomson Reuters and Standard & Poor’s owned Cusip Service Bureau, it is no wonder that Bloomberg has felt compelled to offer its proprietary codes to the market for free. The data vendor has indicated that it will be providing its own proprietary financial instrument codes to the market…
Fighting Back?
The mood in the industry this month seems to be one of serious assertiveness. Not only did market participants give a piece of their minds to data vendors at the bi-annual World Financial Information Conference (WFIC) in Athens, early in October, but the EDM Council also saw an uprising of sorts against the proposals surrounding…
Accuity Incorporates Batch Functionality in the New Version of IBAN Payment Resource to Further Enhance Research Efficiency
Accuity, a provider of payment routing data, AML screening software and services, has launched version 3.1 of IBAN Payment Resource, its online look up tool for validating and converting International Bank Account Numbers (IBANs). The newest version offers important enhancements, including batch processing for hundreds, even thousands of records simultaneously. IBAN Payment Resource’s new batch…
NYSE Euronext and DTCC Finalise Joint Venture Agreement to Create New York Portfolio Clearing
NYSE Euronext (NYX) and the Depository Trust & Clearing Corporation (DTCC) today announced they have finalised their formal agreement to create their innovative new joint venture, New York Portfolio Clearing (NYPC). A draft application for NYPC to be granted status as a Derivative Clearing Organisation with the Commodity Futures Trading Commission (CFTC) and draft amendments…
SwapClear Passes US$1 Trillion in Overnight Index Swap Trades in 11 Weeks Since Launch
LCH.Clearnet Limited’s SwapClear service has surpassed the US$1 trillion market in cleared overnight index swap (OIS) trades in only 11 weeks since OIS clearing was launched. SwapClear is the leading global interest rate swap clearing service. Launched in 1999, it currently clears circa 64% of the global interbank interest rate swap market and, at 30…
ICE Trust Exceeds US$2 Trillion Mark in Cleared CDS Transactions
IntercontinentalExchange (ICE), an operator of regulated global futures exchanges, clearing houses and OTC markets, announced that ICE Trust US (ICE Trust) has surpassed the US$2 trillion mark in notional value cleared for North American credit default swap (CDS) contracts. For the week ending 11 September, ICE Trust cleared US$41 billion in notional, bringing total cleared…
Interactive Data and Goal Offer Global Service to Support Clients Throughout Securities Class Actions Lifecycle
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced that its Pricing and Reference Data business has formed an alliance with Goal Group Limited, a UK-based global class actions service specialist, to provide a comprehensive, outsourced class actions service designed to support investors and corporations throughout the entire lifecycle…
For Users of Swift Alliance Integrator, Volante Adds Value With Validation and Translation Services
Powering finance with data management innovations, Volante today announced new add ons to Swift’s Alliance Integrator to ease Swift deployment and ensure correct message formatting. The Volante Swift Validation and Translation Services leverage Volante’s proven and comprehensive support of Swift messaging dictionaries and functions to reduce the effort involved in connecting to the Swift network,…
SunGard’s Brokerage and Clearance Solutions Primed for Options Symbology Initiative
SunGard has completed the required remediation and industry testing preparation of its brokerage and clearance solutions for the Option Symbology Initiative (OSI). OSI will help correct the limitations of an outdated symbology and overhaul the existing method of identifying exchange-listed options contracts to improve processing efficiencies and provide the ability to identify a broader range…
DTCC Provides Further Market Transparency on OTC Credit Derivatives
The Depository Trust & Clearing Corporation (DTCC) today has brought further transparency to the global credit default swaps (CDS) market, worth more than US$31 trillion, by expanding its public release of CDS data maintained in its Trade Information Warehouse to include historical information on those contracts. The warehouse is a comprehensive global repository for the…