News
This Month In Numbers
'What they do is calculate their exposure to a single name, Daimler Chrysler, for example, across all 20 deals. You need tools for that, but unfortunately a lot of banks just sell you a deal and give you monthly updates on your risk'
Markit steams ahead with Boat acquisition
UK-based data vendor Markit has entered into an agreement to acquire pre- and post-trade data publication utility Boat from the nine-bank consortium that owns it. Neither party are disclosing details of the transaction at this stage, although the new…
Banks take shares in Chi-X as volumes soar
Global agency broker Instinet announced last month that a consortium of 13 firms had taken an undisclosed minority holding in Chi-X Europe, the operator of Europe's first pan-European equity multi-lateral trading facility (MTF). Instinet will remain the…
Administrator takes SuperDerivatives for derivatives pricing
Columbus Avenue Consulting, a New York-based hedge fund administrator with $6.5 billion under administration, has deployed SuperDerivatives' SD-CD credit derivatives pricing and analytics application for more efficient valuations of its clients'…
Gissing taps into the buy side with Malbec
Gissing Software, the Kent, UK-based specialist in the routing and transformation of real-time market and trade data, has won its first buy-side client as part of a new strategy to go beyond its traditional sell-side client base.
CRD announces EMS, enhances architecture and derivatives support
Charles River's IMS is something of a household name on the buy side, combining order management, compliance, and various analytics functions within a single, front-office platform. Now, the Burlington-MA-based vendor is preparing to enter the EMS market…
S&P rolls out CreditStats Direct
Standard & Poor's last month launched CreditStats Direct, a new web-based analytics service that provides data and tools to view the adjustments underlying S&P's ratings of debt issued by North American and European corporates and utilities.
Credit where it's due By Stewart Eisenhart
I'm a little late to the annual game of 'Top 10 (or five) trends for the year ahead', but there's no time like the present. Now that broad indicators of how 2008 will shape up for the financial services industry and for global economies in general have…