This Month
| November 2008 |
| Sun |
Mon |
Tue |
Wed |
Thu |
Fri |
Sat |
|
|
|
|
|
|
|
1
|
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
|
9
|
10
|
11
|
12
|
13
|
14
|
15
|
|
16
|
17
|
18
|
19
|
20
|
21
|
22
|
|
23
|
24
|
25
|
26
|
27
|
28
|
29
|
|
30
|
|
Thursday, November 13
StatPro launches system for pricing complex financial assets
by
Sean Sprackling
on Thu 13 Nov 2008 08:46 GMT
Source: StatPro Group, 12 November 2008 StatPro
Group, a leading provider of portfolio analytics and data solutions for
the global asset management industry, today announced the launch of a
system for pricing complex financial assets.
The
software-as-a-service initiative covers instruments such as Interest
Rate Swaps, Credit Default Swaps on single names and baskets, FX
Forwards and Equity Options - that need a 'complex' valuation model and
traded market data to be priced. As well as delivering prices, complex
asset pricing (CAP) also has a unique 'pricing challenge' process that
allows clients to query the price that they receive using a fully
transparent approach.
"The Price Challenge is unique in the
market. Other companies provide pricing data, but we can take the
'mystery' away from the process," said Dario Cintioli, Global Head of
Risk at StatPro. "The purpose of a Price Challenge is to understand the
origin of a difference between ... more »
Derivactiv to Provide Free Cash Flow Verification for Swap Payments
by
Sean Sprackling
on Thu 13 Nov 2008 08:42 GMT
Press release -12 November 2008
DerivActiv,
a leading provider of independent derivative valuations, announced
today that it will provide a free 12-month swap payment cashflow
verification report to all new customers. In these uncertain times with
dealers exiting the business, it is important to make sure that swap
payments are calculated correctly so that accurate tax compliance
calculations are made.
So far this year, Bear Stearns was
absorbed by JP Morgan, UBS closed its municipal bond division, JP
Morgan ended its municipal derivatives practice, Merrill Lynch was
purchased by Bank of America and Lehman Brothers went bankrupt. These
unexpected events make it even more important for clients to use an
independent calculation agent for their derivative calculations. This
includes both market valuation and ongoing payments.
DerivActiv
performs daily mark-to-market valuations and validates cashflows for
more than 700 users. “Our experience is that payment calculation errors
occur frequently, often at ... more »
Tuesday, November 11
ICAP Publishes White Paper on the Future of OTC Markets
by
Sean Sprackling
on Tue 11 Nov 2008 11:59 GMT
NEW YORK, Nov 10, 2008 (BUSINESS WIRE) --
ICAP (IAP.L), the world's largest interdealer
broker, has today published a White Paper on the future of the over the
counter (OTC) markets. The Paper sets out ICAP's
recommendations for improving the trading, transaction processing and
risk management infrastructure supporting the OTC markets in the wake of
the exceptional conditions that have dominated markets and financial
trading in recent months.
These markets, which trade securities worth over $5 trillion per day,
form the backbone of the world's financial
system. The White Paper looks at ways to improve their liquidity and
transparency and reduce operational risk, as well as recognising the
contribution the OTC market has already made at reducing systemic risk
through mechanisms such as portfolio compression.
The study, entitled "The Future of the OTC
Markets", argues that the global wholesale OTC
markets are critical to the worldwide financial system, and that ... more »
Monday, November 10
Tradeweb develops online marketplaces for CDS index trading in US and Europe
by
Sean Sprackling
on Mon 10 Nov 2008 09:21 GMT
Source: Tradeweb, 07 November 2008 Tradeweb,
a leading provider of online markets for institutional investors and
dealers, announced today that it has developed enhanced marketplaces in
the U.S. and Europe for Credit Default Swap Indices.
As
a result, clients will be able to view real-time composite prices, and
efficiently execute and process trades for the major CDS indices. The
U.S. market is live, with Europe expected to launch in January 2009.
This initiative supports the goals voiced by financial regulators in
recent weeks by providing increased price transparency, a marketplace
for electronic trading and connectivity to relevant third parties for
electronic processing and legal confirmation of CDS index trades.
The new marketplaces will benefit institutional clients by:
- Providing access to the liquidity of leading CDS dealers;
- Displaying real-time, indicative composite two-way pricing for the major U.S. and European CDS indices;
- Providing connectivity to key third parties, including DTCC
Deriv/SERV (and ... more »
Friday, November 7
Eurex Clearing will extend OTC clearing facility to attract further OTC volume
by
Sean Sprackling
on Fri 07 Nov 2008 09:36 GMT
Exchange for Swaps functionality to be introduced for equity index derivatives
06 Nov 2008
The
international derivatives exchange Eurex today announced that it will
extend its OTC Wholesale Facility. Together with the launch of Eurex
Release 11, scheduled for 10 November 2008, customers will now be able
to reference equity index swaps in the existing functionality Exchange
for Swaps (EFS). This will allow trades which combine all available
Eurex index futures with related OTC equity index swaps. As of today,
the facility can be used for OTC interest rate swaps/swaptions, credit
default swaps (CDS) and inflation swaps in combination with Eurex’s
fixed-income futures, credit futures and inflation futures
respectively.
Peter Reitz, member of the Eurex Executive
Board, said “In the last couple of months, we have seen growing volume
transferring from the OTC equity index swap market into the exchange
environment. By offering this extension of our functionality, we will
... more »
|
|
