UPDATE 2: Thomson Reuters Buys DTCC's Clarient and Avox Reference Data Arms
The vendors expect to conclude the deals before the end of the first quarter, officials say.
The deal had been in the works for five months, officials say. "We were approached to look at ways of acquiring both Clarient and Avox by the DTCC and [Clarient's] founder banks," says Dominic Mac, global head of business development for risk managed services at Thomson Reuters. "They approached us, recognizing our strength in operational capabilities where we run a managed service business. We have also been running operations of the KYC (know your customer) function over the last two years,
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Waters Wavelength
Waters Wavelength Podcast Episode 87: Disaster Recovery & Initial Margin Rules
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.
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