A-Team Group » Reference Data Review

Fitch Ratings Highlights Potential Integration Issues for BNP Paribas and Fortis

Mon, 06 Jul 2009 14:08:00 +0000

Fitch Ratings says in a new report that the planned integration of BNP Paribas Investment Partners (BNPP IP) and Fortis Investments (FIM) presents challenges, particularly relating to their different business and operational models. With assets under management approaching €500 billion (end-March 2009), the combined venture would create a strong pan-European footprint, a diverse client base, wide [...]

Eurex and ICE Aim for European CCP Launches by End of the Month

Mon, 06 Jul 2009 13:36:04 +0000

Against the background of a shifting regulatory framework, the European central counterparty (CCP) race for the derivatives market is heating up. NYSE Liffe is considering dropping out of the race altogether, whereas Eurex Clearing and IntercontinentalExchange (ICE) are planning to launch their offerings by the end of the month deadline, which was set by the [...]

European Commission Bent on Post-trade Infrastructure Revamp for Derivatives

Mon, 06 Jul 2009 09:03:23 +0000

The European Commission has released its proposals for a revamp of the derivatives market in a bid to reduce counterparty risk and improve the transparency of these traditionally opaque instruments. A central tenet of the recommendations, similar to that of the recently proposed US regulatory framework for derivatives, is the introduction of central clearing counterparties [...]

Pricing Partners Adds New Models for TEC10 and EONIA Products

Fri, 03 Jul 2009 14:08:58 +0000

Pricing Partners has upgraded its independent valuation internet platform in order to more accurately price TEC10 and EONIA specific products. Financial products on the TEC10 rate, which is the market rate at which for the French government can borrow for 10 years, are under the spotlight because of the importance of the government issuances. This rate, [...]

DTCC Talk up Improvements to Corporate Actions Validation Service, XBRL Initiative

Thu, 02 Jul 2009 10:43:28 +0000

The recent uptick in the corporate actions world has not gone unnoticed by the Depository Trust & Clearing Corporation (DTCC) and its Global Corporate Actions Validation Service (GCA VS) subsidiary is keen to steal a march on its rivals. Caroline O’Shaughnessy, vice president and global head of sales for Data Solutions, Asset Services, and Stuart [...]

Fascet Partners with Hosting Vendor Rackspace to Support SaaS Offering

Wed, 01 Jul 2009 13:48:15 +0000

US-based enterprise data management (EDM) solution vendor Fascet has signed a partnership agreement with hosting specialist Rackspace to support its new software as a solution (SaaS) offering. Accordingly, the vendor has been enabled to offer its Fascet Trade Communicator, a post-trade notification solution that processes any asset type including complex OTC derivatives, in a SaaS [...]

DerivActiv Completes SAS 70 Type II Certification for Valuations

Wed, 01 Jul 2009 12:33:07 +0000

DerivActiv, a provider of independent valuations for fixed income, currency and equity derivatives, has completed a Statement of Auditing Standard No. 70 (SAS 70) Type II certification. “This certification is a more rigorous audit of the SAS 70 processes that we put in place in 2008,” says John Trefethen, chief financial officer of DerivActiv. “DerivActiv customers [...]

CGS and FOW Tradedata Launch Cusip Service for US Equity Options

Wed, 01 Jul 2009 10:13:07 +0000

Two months after the formal announcement of its partnership with UK-based futures and options specialist FOW Tradedata, Standard & Poor’s Cusip Global Services (CGS) business has launched its new Cusip Options Service for US listed equity options. The vendor began this year demonstrating an aggressive stance towards extending its reach into other areas of the [...]

Broadridge Appoints Veteran Carey to Head Securities Processing Business

Wed, 01 Jul 2009 08:50:43 +0000

Broadridge Financial Solutions has appointed Tom Carey as president of its international securities processing solutions business. He will report directly to John Hogan, president and chief operating officer of Broadridge Financial Solutions. In his new role, Carey will be responsible for all aspects of Broadridge’s international securities processing business, which includes the international securities processing solution, [...]

BNY Mellon Makes Strategic Minority Investment in IDCG

Tue, 30 Jun 2009 12:56:00 +0000

The Bank of New York Mellon has made a strategic minority investment in International Derivatives Clearing Group (IDCG). IDCG is a majority owned, independently operated Nasdaq OMX subsidiary that serves as a designated clearing organisation for clearing and settling interest rate swap contracts and other fixed income derivatives contracts. Financial terms of the deal were [...]

Westpac’s Putnam Joins QuIC to Head Biz Dev and Support in Asia

Mon, 29 Jun 2009 17:04:48 +0000

QuIC Financial Technologies, a global solutions provider of risk management, pricing and financial analytics, has appointed Mark Putnam to manage business development and support in the Asia Pacific region. Based in Sydney, Australia and reporting to the sales director North America and Asia, Putnam will focus on driving sales and forging strategic business relationships for [...]

Goebel Joins Fiserv as New CIO

Mon, 29 Jun 2009 15:32:20 +0000

Maryann Goebel has joined Fiserv as executive vice president and chief information officer, reporting to the CEO. “Maryann’s proven success leading a variety of complex technology environments is a great addition to the aggregate strength of the Fiserv management team,” says Jeffery Yabuki, president and CEO of Fiserv. “Her vast experience as the technology architect for [...]

Markit to Launch Family of Sovereign CDS Indices

Mon, 29 Jun 2009 09:26:41 +0000

Markit is planning to launch a family of sovereign credit default swap (CDS) indices that will track investor perceptions of the credit risk of a range of countries around the world. The Markit iTraxx SovX family of indices has been designed to meet investor demand for a transparent and standardised tool to monitor the sovereign [...]

Change of Hands for Asset Control as Fidelity Ventures Takes Over

Mon, 29 Jun 2009 09:20:54 +0000

Enterprise data management (EDM) vendor Asset Control has been faced with a few changes this month. As well as a few staffing change, the vendor has also undergone an ownership change. Fidelity Ventures now has sole ownership of the vendor as it has transferred the minority shares previously owned by its leveraged buyout fundto its [...]

CFTC and SEC Divvy up Derivatives Pie, CME’s Donohue Expresses Concern About Illiquid Derivatives

Fri, 26 Jun 2009 13:33:32 +0000

Following a brief hiatus, the turf war is back on between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Just how the two regulators will divide up the oversight of the derivatives market is currently being debated across the industry and could have wide ramifications for those involved in the [...]

Broadridge Financial Solutions Steps up to the Plate for Reference Data

Fri, 26 Jun 2009 08:57:58 +0000

It has undoubtedly been a busy start to the year for Broadridge Financial Solutions, with the signing of a number of partnership agreements in March and the launch of whole host of new solutions over recent months. One such endeavour is its venture into the corporate actions space, in concert with its wider push into [...]

EuroMTS Adds More Data and Functionality to Reference Data Platform

Thu, 25 Jun 2009 10:28:58 +0000

European fixed income securities marketplace, EuroMTS, has added more data and functionality to its online reference data platform, which it launched in collaboration with Exchange Data International (EDI) in October last year. The offering, aimed at providing descriptive, non-real-time information relating to all bonds listed on the MTS Markets, now features MTS Time Series data, [...]

South Africa’s Prescient Selects Eagle Investment Systems’ Access ASP

Thu, 25 Jun 2009 10:24:41 +0000

Eagle Investment Systems, a subsidiary of The Bank of New York Mellon, has been selected by Prescient to deliver its integrated investment management suite via its application service provider (ASP), Eagle Access. Prescient, with R60 billion under management in South Africa, selected the Eagle suite to streamline its growing local and global operations. Eagle will assist [...]

Fincad Launches Software Development Kit for Pricing Analytics Integration

Thu, 25 Jun 2009 10:19:37 +0000

Fincad has launched a new software development kit that provides software vendors, banks and hedge funds with the ability to integrate Fincad analytics into new and existing systems. F3 SDK enables comprehensive measurement of the risk for all market data inputs at the trade or portfolio level. Built on a new object oriented architecture, F3 SDK [...]

Fitch Ratings Talks up Credit and Liquidity Risk in US Market

Wed, 24 Jun 2009 09:55:03 +0000

Proposals announced last week by the US Department of the Treasury regarding money market fund credit and liquidity risk are consistent with risks highlighted by Fitch Ratings in its January exposure draft on money market fund criteria, says the ratings agency. Fitch is considering whether ‘AAA/V1+’ ratings for ‘prime’ money market funds will be achievable [...]