Mark-it Partners has agreed to acquire Totem Market Valuations, a provider of OTC derivatives consensus valuations. Mark-it hopes the combination of Totem’s valuations data will complement its own credit pricing and reference data services, helping clients meet increasingly stringent regulatory and accounting requirements. Tim Barker, CEO of Totem, will join Mark-it Partners’ management team as executive vice president. Key drivers: Totem’s Dividend Directory (DADD), which provides the eponymous market standard in dividend forecasting used by major investment banks and funds, and the Index Management Service, which consolidates and validates indices from the major providers.
A-Team Insight Blogs
The transition away from LIBOR (London Interbank Offered Rate) is well underway, but there remains considerable ambiguity around how the final stages will be executed – especially with regards to benchmark replacements in markets outside the UK. What are the options, where are the uncertainties and what stage have firms reached in their preparations? The...
Transaction Lifecycle Management specialist SmartStream has extended its Reference Data Utility (RDU) SFTR service to include a new API targeting firms who need fast access to the technology and data needed need to meet ESMA’s delayed SFTR reporting deadline of July 13. The API gives access to new tools to validate reference data content during...
Regtech Summit Virtual will explore how business and operating models have adapted post COVID and how RegTech can provide agile and enhanced compliance for managing an evolving risk and compliance landscape. As the dust settles, we will look at the outlook for the global RegTech industry, where Regulators are focusing as they get back to business, and deep dive into global regulatory priorities for the rest of the year and into 2021.
The potential of a reference data utility model has been discussed for many years, and while early implementations failed to gain traction, the model has now come of age as financial institutions look for new data management models that can solve the challenges of operational cost reduction, improved data quality and regulatory compliance. The multi-tenanted...