The leading knowledge platform for the financial technology industry
The leading 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

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.”

Related content

WEBINAR

Recorded Webinar: Brexit: Reviewing the regulatory landscape and the data management response

With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The data management response is not easy and could stretch some firms to the limit as they...

BLOG

Refinitiv Adds Country SDG Scores to ESG Data Arsenal

Refinitiv’s launch of measures assessing the sustainable development performance of individual countries is the latest of a series of services targeted at the burgeoning ESG investing space. The addition allows Refinitiv to offer asset managers and servicers scores that indicate the degree to which funds, corporations and now countries meet the UNs Sustainable Development Goals...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Connecting to Today’s Fast Markets

At the same time, the growth of high frequency and event-driven trading techniques is spurring demand for direct feed services sourced from exchanges and other trading venues, including alternative trading systems and multilateral trading facilities. Handling these high-speed data feeds its presenting market data managers and their infrastructure teams with a challenge: how to manage...