Derivatives issues in Investment Management

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Thursday, October 29

Fitch Solutions Partners with Pricing Partners on CDS Data Distribution

by Sean Sprackling on Thu 29 Oct 2009 08:54 GMT

Paris-London: Fitch Solutions, a division of the Fitch Group focusing on the development of fixed-income products and services, and Pricing Partners, the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, today announces a strategic partnership allowing users of Pricing Partners’ Price-it Solution with Fitch Solutions market data license to access seamlessly Fitch Solutions’ market data on OTC credit derivatives.

The partnership will allow the easy integration of CDS spreads market data from Fitch Solutions into Price-it Excel, Pricing Partners’ cross asset independent valuation platform. This will thus enable Price-it Excel users to access and use the Fitch Solutions’ market data source for CDS spreads on single name and index.

The combination of Fitch Solutions data and Pricing Partners cutting edge valuation tools will therefore allow market players to ... more »

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Wednesday, October 28

Misys ships OTC derivatives offering

by Sean Sprackling on Wed 28 Oct 2009 07:51 GMT

Press Release: Misys, 27 October 2009

Misys (FTSE: MSY.L), the global application software and services company, announces the launch of Summit Invest, the buy-side derivatives solution that leverages the 20 years of OTC and derivatives expertise of Misys Summit FT.

Misys Summit Invest enables trading, risk management, trade processing and OTC lifecycle management in a tailored buy-side environment. It includes many new features to ensure organisations handle the complexity, risk and regulatory reporting of these complex products. The solution is being deployed this month by a major UK-based Asset Manager. This release along with a strong product roadmap for buy-side signals Misys' commitment to be a significant buy-side solutions provider.

Delivered in a flexible and customisable ASP environment, Summit Invest also meets the need for fast deployment, enabling organisations to be up and running within just a few months. It provides a risk-free and flexible approach that ensures buy-side firms ... more »

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Numerix and CDO Software team up

by Sean Sprackling on Wed 28 Oct 2009 07:50 GMT

Press Release: Numerix, 26 October 2009

Numerix, the leading independent service provider of award winning cross-asset analytics for the structuring, pricing and risk evaluation of derivatives and structured products, along with CDO Software, a leading provider of CDO and CLO portfolio management tools, today announced their partnership to offer integrated "Numerix Powered" pricing and risk solutions within the CDO Tools application suite.

Users of the CDO Tools suite, including portfolio managers, investors, risk managers and trustees in the credit markets, will be able to access the extensive Numerix CrossAsset library of independent pricing models and methods to price and generate risk sensitivities across synthetic CDO and CLO instruments. The flexibility of the Numerix CrossAsset library allows users to calculate risk analytics by specifying the copula type, correlation model and base correlations from reference deals.

"The integration of Numerix analytics within the CDO Tools application suite offers users a powerful and ... more »

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Thursday, October 22

Pricing Partners Moves its Headquarters to Paris’s Prestigious Financial Area

by Sean Sprackling on Thu 22 Oct 2009 16:42 BST

Paris-London: Pricing Partners (Uwww.pricingpartners.com)U, the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, proudly announced today that it will move its headquarters to central Paris’s downtown area in November 2009 as a result of impressive growth and a consistent demand for products and services. The new address will be:

Pricing Partners,

6 rue Rougemont,

75009 PARIS

Pricing Partners is expanding at a rapid rate, adding more staff, developing new products and extending its client portfolio. After three years in the Paris Cyber Village, an incubator dedicated to young and innovative companies, Pricing Partners has exceeded expectations and decided to move to the most prestigious financial center: the 9^th arrondissement, a district famous for the historical Paris stock exchange, Palais de la Bourse and an ... more »

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Trade Associations Savage the EC Proposals

by Sean Sprackling on Thu 22 Oct 2009 09:09 BST

Well, the dividing lines are well and truly set. Unsurprisingly the exchanges have come out in favour of the EC proposed OTC reforms (see below), and simultaneously several trade bodies have come out fighting against them.

Anthony Belchambers of the Futures and Options association released a statement saying "...(The Communication) still poses serious questions over the continued capacity of the OTC markets to service adequately the essential risk-management needs of insitutional customers and counterparties...there are also continuing concerns over whether the impact of new capital rules, conservative margin requirements and tighter collateralisation, not to mention the prospect of position limits, will adversely impact the underlying economis of risk management.

ISDA also released a statement on the requirement for dealers to use exchanges saying, "...Mandated exchange trading could limit the flexibility of derivatives users to hedge their risk exposure...some forms of price disclosure and inappropriate forms of standardisation will harm liquidity ... more »

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