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Monday, June 30
Sky Road Partners With T-Zero to Offer STP
by
Sean Sprackling
on Mon 30 Jun 2008 17:40 BST
Press release 30 June 2008
Sky
Road LLC, a leading software-as-a-service solutions (SaaS) provider to
the financial community, today announced a partnership with T-Zero, the
leading credit derivative affirmation and connectivity provider. Sky
Road clients will now benefit from improved straight through processing
of credit derivatives trades via T-Zero Auto Affirmation.
Sky
Road clients can now seamlessly integrate with T-Zero's Auto
Affirmation service, allowing firms to book trades through Sky Road's
hosted offering and then affirm and confirm the trade with the DTCC
through T-Zero. By automating affirmation, Sky Road clients can
eliminate manual processes, thereby reducing operational risks while
improving efficiency. The core technology infrastructure for the Sky
Road platform is provided by the Calypso(r) software solution, the key enabler for the platform's innovations.
According
to Clive de Ruig, Head of North America for T-Zero, the automation of
novations and affirmations will be a focus for credit derivatives
market ... more »
Friday, June 27
S&P and SuperDerivatives team on cash and derivatives valuations
by
Sean Sprackling
on Fri 27 Jun 2008 15:53 BST
Interesting to see the following PR from S&P and SD on the back of their previous announcement only 10 days ago about combining their Sales and Marketing efforts....
Ratings agency Standard & Poor's, and
derivatives experts SuperDerivatives, have announced an alliance to
create the world's largest independent revaluation service in the
combined cash and derivatives market place.
David Gershon,
SuperDerivatives CEO, commented that the venture will enable customers
from developed and emerging markets "to effectively value the widest
range of products in a single offering." "Whether they are from
the buy- or sell-side, our customers will benefit from a one stop shop
experience with the objective of delivering the most accurate and
reliable valuation service with significant economy of scale
advantages," Gershon added. "I believe that this alliance will form a
new global standard for independent valuation services." Lou
Eccleston, Executive Managing Director, Standard & Poor's, said:
"Our clients increasingly ... more »
Wednesday, June 25
NumeriX and RiskVal partner to extend credit derivatives offerings
by
Sean Sprackling
on Wed 25 Jun 2008 10:48 BST
24 June 2008 - Press Release
NumeriX,
the independent leader of analytics for structured products and
derivatives, and RiskVal, a leading provider of fully integrated credit
and fixed-income trading and risk management systems, have announced a
strategic partnership whereby RiskVal has integrated NumeriX enhanced
market standard analytics to enhance the breadth of its trading and
risk management solutions, providing users the ability to manage
derivative products across all asset classes.
RiskVal will
offer NumeriX’s suite of industry standard models, which have been
enhanced to ensure greater speed and pricing accuracy. NumeriX
analytics suite covers fixed income, credit, foreign exchange, hybrids,
cross currency, inflation rate and equity derivatives.
In
addition to NumeriX’s full suite of cross analytic solutions,
fixed-income and credit users will also have access to NumeriX’s
revolutionary dynamic credit model, a two-dimensional Markovian model
introduced last year, which is the most sophisticated tool for the
valuation of complex CDOs. ... more »
SimCorp Launches XpressInstruments
by
Sean Sprackling
on Wed 25 Jun 2008 10:46 BST
25 June 2008 - Press Release
SimCorp
has incorporated a new module, XpressInstruments, into its market
leading investment management system, SimCorp Dimension, bringing major
new benefits to users of the system. Significantly reducing operational
risk, XpressInstruments dramatically cuts the time taken to introduce
structured products and exotic instruments to the system and then
supports them throughout its seamless environment, to include middle
and back office processes.
XpressInstruments addresses
well-recognised operational risks that currently exist with the growing
use of these forms of derivatives. Due to the non-standardised
structures of these products, which often have a relatively short life
span, they typically have been managed on external spreadsheets or on a
home-grown/in-house developed system. These lack transparency and
require a considerable amount of manual input to manage lifecycle
events and to view exposure within a broader portfolio.
With
XpressInstruments, specialised products can be added to SimCorp
Dimension in just a few ... more »
CMA Enhances Credit Valuation & Risk Management for Raiffeisen Capital Management
by
Sean Sprackling
on Wed 25 Jun 2008 08:32 BST
Austria's Largest Asset Manager chooses CMA for Credit Valuation and Risk Management
London, 24 June 2008:
CMA, the credit information specialist, today announced that Raiffeisen Capital Management (RCM), Austria's largest asset manager with €45 billion in assets under management, has selected CMA DataVision to enhance its portfolio valuation and risk management processes.
"We looked at a number of data providers but were impressed at the levels of service and support we received from CMA during the trial. DataVision proved to be the most flexible and cost effective solution, particularly as we agreed on a group license,"
said Robert Morocutti, Team Leader, Middle Office. "RCM has been actively investing in the CDS market for a year and a half and our middle office and risk teams required a consistent and reliable source of pricing data. DataVision will enhance our ability to calculate theoretical prices on CDS and indices and determine value ... more »
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