About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Interactive Data’s Ian Blance Takes OTC Derivatives Valuations Experience to OTC Val Strategic Sales Role

Subscribe to our newsletter

Vancouver-based provider of independent valuations for derivatives and complex products OTC Valuations Limited (OTC Val) has marked a concerted push into the European marketplace and an ambition to grow worldwide with the hire of Ian Blance, recently ex of Interactive Data (Reference Data Review @ FIMA, November 5 2007), as vice president of strategic sales. Blance will be responsible for driving business development for OTC Val globally.

Blance spent 12 years in a variety of senior roles in Interactive Data’s Fixed Income Evaluations business in London and New York. He played a key part in spearheading Interactive Data’s extension of its evaluations franchise into the OTC derivatives arena, in line with the growing demand from clients for independent prices for these asset classes. (For more on Interactive Data’s strategy for derivatives pricing see Value for money?, A-Team IQ, Q3 2007.)

OTC Val was founded last year (Reference Data Review, September 2007) and launched a service for primary, secondary and tertiary valuations for both vanilla and exotic derivative instruments. OTC Val also planned to target white-label relationships with data vendors and fund administrators. The vendor joined an increasingly crowded marketplace on the supply side – but at a time when (in the early throes of the sub-prime crisis) the demand for independent prices for complex instruments was recognised to be growing rapidly.

Bob Sangha, managing director at OTC Val, said the plan was to target “a unique, niche market around structured products”: essentially to fill “a significant gap in the area of illiquid structured products, due to the unique nature of the products”. At the heart of the OTC Val service is a system that automates the typically manual process of pricing derivatives.

Commenting on his new appointment, Blance says: “The development of independent valuations of derivatives has struggled to keep up with (the market’s) growth and the recent market turmoil only highlights the need for a robust and objective source.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

NetApp Q&A: Intelligent Storage Helps Overcome Silo Challenges

NetApp is a cloud-native data storage and AI solutions provider that is based in San Jose, California. Data Management Insight spoke to chief marketing officer Gabie Boko to learn more about how the company helps financial institutions. Data Management Insight: When was NetApp formed, and how do you service financial institutions and financial services companies?...

EVENT

RepRisk Sustainability Breakfast Roundtable London

The London sustainability breakfast is part of the global roundtable thought leadership event series hosted by RepRisk in key markets, including, New York, Toronto, London, Frankfurt, Oslo, Copenhagen, Stockholm, Hong Kong and Singapore in 2026.

GUIDE

RegTech Suppliers Guide 2019

Welcome to our brand new RegTech Suppliers Guide. This unique guide provides detailed data profiles on close to 100 suppliers in the RegTech world, offering you an unrivalled selection of solutions for your most pressing financial regulatory challenges. The aim of the A-Team’s RegTech Suppliers Guide is to steer you through this complex marketplace, offering...