ICE to Double OTC Valuations Frequency
The exchange, which in June reconfigured MPV to move from providing monthly to twice-monthly valuations, is now planning further changes, says Martin Wadhwani, managing director of ICE Data in London. With some customers needing to value positions more frequently, the exchange is now planning to roll out weekly valuations via MPV, which Wadhwani says should be available before the end of the year.
He says that ICE has recently seen growing interest in its MPV product as a result of SFAS 157
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