Markit Group, the London-based provider of OTC derivatives trade data, valuation and processing services, has appointed James Savitsky and Thomas Geraghty as Directors within its Asset-Backed Securities (ABS) sales and product development team.
Mellon Financial Corporation has introduced an independent, over-the-counter derivative (OTC) valuation service for a range of swaps and options to institutional clients. Mellon will provide these valuations through third-party vendors, at the direction of the institutions in question.
SuperDerivatives, a provider of option pricing, independent revaluation, trading and risk management systems, has released a new version of SD-IR", its interest rate options and structured products platform. The enhancements made to the system are based on feedback from clients worldwide in banks, hedge funds, asset managers and corporations.
"Over the last two years we've observed that there is a great need for an electronic platform that supports the trading of large blocks of foreign exchange (FX)," says Vijay Kedia, president and CEO, FlexTrade. FX-trading is still conducted over the telephone, which makes it prone to information leakage, says Kedia. "
Swiss Stock Exchange Services (SWX Group) and Deutsche Borse today combined their trading facilities in structured products. The supervisory board of Deutsche Borse and the federal cartel office (Bundeskartellamt) have given their approval for the partnership to go ahead. Contrary to previous announcements, the new c
Celent predicts that the operational risk and compliance market will grow to $1.16 billon by 2009.
Risk-driven regulatory initiatives, like Basel II and the Sarbanes-Oxley Act, have significant momentum and are giving rise to new operational risk management practices, says the consultant.
In 2007 credit derivatives markets will continue to grow in terms of outstandings, and in the range of instruments on which they are based, but look out for the impact of private equity financings on credit quality. These were chief among the conclusions of an OTC derivatives media briefing hosted by GFI Group - an inter-dealer broker specializing in OTC products - in New York City shortly before Christmas.
Global Forex Trading (GFT) has been chosen by Strategy Runner as the company's first partner in the online foreign exchange trading market. Online forex traders will have access to algorithmic trading architecture based on Strategy Runner's technology and GFT's forex dealing operation. "We are constantly establishin
Inter-dealer brokerage firms GFI Group and ICAP have joined forces with The Clearing Corporation of Chicago to develop clearing services for over-the-counter (OTC) derivative instruments, including credit and interest rate derivatives.
OTC derivative valuations vendor SuperDerivatives says that Grant Thornton Greece has licensed a comprehensive set of its tools, including all of its option pricing and analytics platforms. It will serve as the basis for the firm's audit work surrounding IAS39, IFRS 7and UCITS III and in preparation for the MiFID regulations.