Derivatives issues in Investment Management

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Tuesday, September 16

Interactive Data to Provide Valuations of Complex Structured Products Through Exclusive Agreement with Prism Valuation

by Sean Sprackling on Tue 16 Sep 2008 12:01 BST

Strategic alliance with Prism Valuation, which includes the purchase of a minority ownership stake, further expands the breadth and depth of Interactive Data's market coverage

BEDFORD, Mass. & LONDON, Sep 16, 2008 (BUSINESS WIRE) -- Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced an exclusive agreement between its Pricing and Reference Data business and Prism Valuation. Under the agreement, Interactive Data Pricing and Reference Data will now have the capability to provide valuations of highly complex OTC derivatives and structured products as part of its wide-ranging pricing and evaluation services.

Prism Valuation, which was founded in 2006 and maintains offices in London, Melbourne and Toronto, provides valuations of complex OTC derivatives and structured products based on a wide range of underlyings including: interest rates, FX, inflation, equities, credit, commodities and hybrids. Interactive Data's clients will be able to request valuations ... more »

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LCH.Clearnet set to develop world’s first multi asset derivatives clearing platform

by Sean Sprackling on Tue 16 Sep 2008 09:20 BST

London, 16 September 2008

LCH.Clearnet is set to develop the first multi asset derivatives clearing platform, Synpse Clearing Technology (Synpse). Synpse will be the only derivatives clearing platform with the capability of supporting all exchange traded and most OTC contracts. Synpse is being designed to meet the demands of the world’s most advanced derivative exchanges and markets, benefits include:

Scalability – Synpse will have the capacity to handle the world’s smallest and largest exchanges
Speed to market – the adaptability of the platform will enable some new contracts to be launched within a week and entire new exchanges from circa three months
Flexibility - capable of handling diverse asset classes and a range of risk algorithms, Synpse will be tailored to suit each market's needs
Economies of scale – one platform, serving multiple markets, will enable exchanges to benefit from economies of scale

Synpse ... more »

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ISDA Comments On Recent Market Developments

by Sean Sprackling on Tue 16 Sep 2008 08:51 BST

NEW YORK, Monday, September 15, 2008 – The International Swaps and Derivatives Association (ISDA) issued the following statement with regards to recent industry developments, including the Chapter 11 Bankruptcy Petition filing by Lehman Brothers Holdings Inc.

“The current environment is obviously a difficult period for industry participants,” said Eraj Shirvani, ISDA’s chairman and managing director and head of European credit, Credit Suisse. “ISDA believes, however, that the industry’s progress in building a strong foundation for our business will enable it to successfully address current issues. The privately negotiated derivatives business – including the credit default swaps business – continues to function well in these times.”

“Over the past 25 years, ISDA and the privately negotiated derivatives business have developed a robust, resilient industry framework and infrastructure,” said Robert Pickel, the Association’s chief executive officer. “Our collective efforts to identify and reduce the sources ... more »

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