This Month
| August 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
|
|
31
|
|
Wednesday, August 27
CMA upgrades DataVision
by
Sean Sprackling
on Wed 27 Aug 2008 08:44 BST
Press Release - 26 August 2008 CMA,
the credit information specialist, today announced the release of
DataVision 2.1, an upgraded and expanded version of its market leading,
same-day price verification service for the OTC credit derivatives
market, much favored by buy-side institutions.
DataVision
provides portfolio and risk managers with independent price
verification for CDS, indices and tranches based on a unique buy-side
consortium model. DataVision 2.1 will include enhanced curve modeling
and additional features including improved Bid-Offer Spreads,
Cumulative Probability of Default, PV01 calculations, Hazard Rates and
Liquidity Metrics as part of the end-of day file. The expanded data set
will be made available both to users who receive the data directly from
CMA and those who access the data through CMA's distribution partners. This
is the first major product release from CMA since it was acquired by
CME Group in March this year and follows on from an announcement
... more »
Friday, August 22
State Street launches OTC Hub
by
Sean Sprackling
on Fri 22 Aug 2008 08:11 BST
Source: State Street, 21 August 2008State
Street Corporation, the world's leading provider of financial services
to institutional investors, announced today the launch of an industry
leading over-the-counter (OTC) derivatives servicing platform. Already
beta-tested, the OTC Hub is now live with PIMCO, a leading global asset
manager and long-time State Street customer.
The OTC Hub is
a global, end-to-end servicing solution that automates a number of
stages in derivatives processing including customer reporting,
electronic trade flow and the reconciliation of positions and cash
flows between the middle and back offices. The State Street platform
will now reconcile data from the industry utilities and dealers to
customer trade details and automates acquisition of vendor prices. The
platform is flexible to allow for enhanced services and capabilities as
the derivatives market evolves and industry technologies mature. "This
cutting-edge technology provides an excellent opportunity to automate
what has been a manually driven and ... more »
Wednesday, August 13
BlueCrest live with Algorithmics for hedge fund risk management
by
Sean Sprackling
on Wed 13 Aug 2008 12:15 BST
Source: Algorithmics, 13 August 2008 Algorithmics
and BlueCrest Capital Management L.P. ("BlueCrest") are pleased to
announce that, as of July 1, 2008, Algorithmics' Algo Risk Service is
in production for the risk management practice of BlueCrest.
This
brings together the world's leading provider of enterprise risk
solutions and one of the top ten largest hedge fund firms in Europe.
Algo Risk Service is an outsourced portfolio construction and risk
management service that will enable BlueCrest to advance its strong
risk culture. Jonathan Martin, Head of Risk at BlueCrest,
said: "Our portfolio has experienced substantial growth in assets under
management and we were looking for a vendor who could provide a high
level of service and support to enable us to rapidly deploy new
instruments into our risk management service. Algorithmics has the
capability to respond to our changing requirements in a timely way,
introducing additional instruments and supporting the service ... more »
Monday, August 11
OTC Val Expands Derivatives Coverage
by
Sean Sprackling
on Mon 11 Aug 2008 15:11 BST
Press release - 11 August 2008
OTC
Valuations Limited (OTC Val), a leading provider of independent
derivatives valuation and risk reports for structured products and
exotic derivatives, today announced that it has expanded its
derivatives coverage for Credit, Inflation, Equity, FX, and Fixed
Income products.
OTC Val has expanded its valuation platform
to include synthetic and bespoke credit products such as CDOs;
inflation coverage includes Bermudan-callable ZC and YoY inflation
swaps; equity and FX coverage includes structured basket products with
barriers, triggers, and TARN features; and fixed income coverage
includes CMS spread and range accrual swaps, including range accruals
with time dependent and stochastic barriers. These instruments
complement OTC Val’s existing coverage which includes, among other
instruments: vanilla as well as capped and conditional variance swaps
on equities and indices, equity swaps, equity basket options, interest
rate swaps and swaptions, CDS, Index CDS (CDX & iTRAXX), CMS swaps,
and LIBOR ... more »
Thursday, August 7
ISC Announces Launch of their Derivatives Operational Health Check Service
by
Sean Sprackling
on Thu 07 Aug 2008 11:12 BST
Press release: 4 August 2008
Investment
Solutions Consultants (ISC), the leading Investment Management
consultancy, today announced the launch of their Derivatives
Operational Health Check service. The service will provide a structured
review of managers’ existing derivative operations, systems and
processes from front through middle to back office in order to provide
pragmatic advice designed to expedite the delivery of the robust and
scaleable operating model required to manage derivatives. The service
will cover the following functions:
· Portfolio modelling and risk management
· Compliance (including UCITS III regulations)
· Trade execution and messaging
· Confirmations, novations and terminations
· Pricing and valuations
· Collateral management
· Lifecycle payments and settlements
· Performance and client reporting
· Data management
· ISDA documentation
· Governance structures
Sean
Sprackling, ISC Partner explains, “Derivatives within investment
managers are moving inexorably from being regarded as state-of-the-art,
esoteric instruments to becoming sine qua non. Consequently, it ... more »
|
|
