Press release - 4 September 2008
Xenomorph
has launched an update of its TimeScape data and analytics management
system with enhanced data cleansing and validation encompassing
‘4-eyes’ or two-user approval.
The leading data and analytics management platform for derivatives, risk and trading has worked with clients to meet the challenges resulting from recent regulatory pressure on data quality, audit trail requirements and data validation processes.
The ‘4-Eyes’ feature enables the approval process for market data to be split into multiple stages, requiring more than one user to mark a piece of data as officially approved. Typically configured as a two-user process, this ‘4-eyes’ validation of information is an increasingly important requirement for data used within risk reporting and regulatory compliance.
This builds on Xenomorph’s strength in market data management, encompassing both standardised and customisable rules for cleansing real-time and historic market data, plus derived financial objects such as curves and ... more »
The leading data and analytics management platform for derivatives, risk and trading has worked with clients to meet the challenges resulting from recent regulatory pressure on data quality, audit trail requirements and data validation processes.
The ‘4-Eyes’ feature enables the approval process for market data to be split into multiple stages, requiring more than one user to mark a piece of data as officially approved. Typically configured as a two-user process, this ‘4-eyes’ validation of information is an increasingly important requirement for data used within risk reporting and regulatory compliance.
This builds on Xenomorph’s strength in market data management, encompassing both standardised and customisable rules for cleansing real-time and historic market data, plus derived financial objects such as curves and ... more »
GL TRADE and Swapstream enter into strategic agreement to support CME Cleared Swaps
by
Sean Sprackling
on Fri 05 Sep 2008 09:11 BST
Press release - 4 September 2008
GL
TRADE, a global provider of multi-asset and multi-market solutions for
financial institutions, today announced an agreement with Swapstream,
the market-leading multilateral electronic trading platform for
interest rate swaps (IRS) and subsidiary of CME Group, to co-operate in
developing a processing solution for CME Cleared Swaps to be used by GL
Trade’s futures and options back-office clients globally.
GL TRADE will develop a dedicated module for its UBIX back-office system, enabling its customers to manage and process clearing for over the counter (OTC) trades while adhering to the swap market’s specific rules and contract specifications. The new module will be offered at specific discounted commercial conditions for UBIX clients wishing to trade CME Cleared Swaps. Swapstream, CME Group and GL TRADE teams will promote the new UBIX module to UBIX customers worldwide.
CME Cleared Swaps will offer the OTC interest rate market the first ... more »
GL TRADE will develop a dedicated module for its UBIX back-office system, enabling its customers to manage and process clearing for over the counter (OTC) trades while adhering to the swap market’s specific rules and contract specifications. The new module will be offered at specific discounted commercial conditions for UBIX clients wishing to trade CME Cleared Swaps. Swapstream, CME Group and GL TRADE teams will promote the new UBIX module to UBIX customers worldwide.
CME Cleared Swaps will offer the OTC interest rate market the first ... more »
