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Tuesday, February 9

ID's RFQ-hub joins Fidessa's connectivity network

by Sean Sprackling on Tue 09 Feb 2010 15:27 GMT

Source: Fidessa, 08 February, 2010 Fidessa group plc (LSE:FDSA), provider of the award-winning trading, portfolio management, compliance and global connectivity solutions for the buy-side and sell-side, today announced that ID's RFQ-hub, the bilateral multi-dealer platform for listed and OTC Derivatives for fund managers, has joined its global connectivity network.

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RFQ-hub's clients can now interact with their universe of derivatives brokers across Fidessa's global FIX network. RFQ-hub's platform enables its clients to obtain and select competing quotes and complete the transaction with their investment bank counterpart. By routing derivative RFQs and orders via FIX messaging fund management firms can trade in a more secure, lower risk environment.

David Sagnier, CEO of RFQ-hub, said: "We are very excited about this development. Connecting to Fidessa's global FIX network removes one major manual step in the derivatives trading process. It's a key step for RFQ-hub and its clients along the road ... more »

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Thursday, February 4

Pricing Partners Launches Price-it VaR

by Sean Sprackling on Thu 04 Feb 2010 09:25 GMT

Paris-London-Singapore: Pricing Partners (www.pricingpartners.com), the independent revaluation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced the release of a new module providing VaR and Stress Tests calculations today.

With the recent unpredictable market movements, the accurate calculation of VaR, risks and stress tests on complex products has become a crucial issue for banks, risk control departments, asset managers and hedge funds. This new module, called Price-it VaR, responds to the following problems:

- Capture and manage your institutional risk and exposure across a variety of financial products and across various business units

- Measure the overall level of risks through Value at Risk (VaR and CVaR)

- Estimate the potential exposure with major sensitivities

- Stress-test your portfolios with customized and market crisis scenarios

- Respond to client and counterparty demands for advanced risk analyses ... more »

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Wednesday, February 3

Standards for payment, clearing and settlement systems: review by CPSS-IOSCO

by Sean Sprackling on Wed 03 Feb 2010 09:20 GMT

Press Release: 2 February 2010

The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) have launched a comprehensive review of their existing standards for financial market infrastructures such as payment systems, securities settlement systems and central counterparties.

There are three sets of standards involved, namely:

• the 2001 Core principles for systemically important payment systems

• the 2001/2 Recommendations for securities settlement systems

• the 2004 Recommendations for central counterparties

Financial market infrastructures generally performed well during the recent financial crisis, and did much to help prevent the crisis becoming even more serious than it actually was. Nevertheless, the committees believe that there are lessons to be learned from the crisis and, indeed, from the experience of more normal operation in the years that have passed since the standards were originally issued. It thus seems timely to review the ... more »

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Monday, February 1

CME Group Integrates CMA DataVision Pricing Services

by Sean Sprackling on Mon 01 Feb 2010 10:44 GMT

CMA, the credit information specialist, today announced that the
CME Group's OTC CDS Clearing service will use DataVision to
support the pricing and intra-day risk management services in the
clearing and settlement of CDS trades.

DataVision is the most comprehensive database of independently
sourced CDS pricing information. CMA provides market makers and
investors intra-day pricing, liquidity metrics and analytics on
over 1,500 single name CDS, CDS indices and index tranches.

DataVision is based on prices observed by leading credit
derivatives trading desks ensuring CMA provides the most accurate
and comprehensive set of market price data. CMA's data is used
world-wide by banks, hedge funds, asset managers, government
agencies, auditors and fund administrators for mark-to-market,
portfolio valuations, risk management and research.

Anna Mazzone, Head of Product Management and Marketing for CMA
said, "We are delighted to have been able to assist the CME Group
in the development of their CDS clearing ... more »

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Thursday, January 28

Numerix to provide pricing models for Thomson Reuters risk management suite

by Sean Sprackling on Thu 28 Jan 2010 08:56 GMT

Press Release: Numerix, 27 January, 2010

Numerix, the leading independent provider of award winning cross-asset analytics for the structuring, valuation and risk analysis of derivatives and structured products, today announced Thomson Reuters will extend Numerix's vanilla - exotics pricing solutions and risk analytics in Thomson Reuters Kondor+ Suite and TopOffice solutions.

Financial service firms using Thomson Reuters Kondor + Suite to build and trade structured products, can already access the extensive Numerix CrossAsset library of independent pricing models, methods for the pricing and analysis of various exotic derivatives and related transactions. Clients will now have better access to the Numerix CrossAsset library, to include enhanced coverage and pricing capabilities for vanilla instruments.

Clients of Kondor+ Suite can now structure, price and analyze OTC derivatives and structured products quickly and easily using Numerix's pricing models and analytics. Numerix software will be pre-integrated into Kondor+ Suite, making activations easy and straight ... more »

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