FAS 157, the new accounting standards launched in November in the United States to regulate the way banks value their assets, are likely to lead to a significant change in the way financial assets are valued, according to OTC Valuations (OTC Val), a provider of valuation and risk reports for over-the-counter (OTC) derivatives.
Markit, a provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets, has agreed to buy SwapsWire, the electronic trade confirmation network for the OTC derivative markets.
SuperDerivatives, a multi-asset derivatives platform for real-time option pricing, has announced that several leading Greek financial institutions including Eurobank EFG Group (Eurobank) and Marfin Popular Bank are deploying its interest-rate derivatives and structured products platform, SD-IR.
It was announced on Tuesday that as part of its continued international growth, the listed derivatives business within Macquarie Bank's futures division is increasing the scope of its DMA offering to clients and has signed an agreement to take a hosted global trading solution from Patsystems, a solutions provider for derivatives trading performance and trade processing, from the first quarter 2008.
SuperDerivatives, an options and multi-asset derivatives solutions provider for real-time option pricing, independent revaluation, derivatives data, trading and risk management systems, has announced that United Bulgarian Bank (UBB) is deploying its multi-asset pricing and analytics suite.
Charles River Development (Charles River), a provider of financial software and services to the global investment management community, and SwapsWire, an electronic network for dealers, inter-dealer brokers, prime brokers and buy-side firms, announced on Tuesday a partnership to deliver automatic trade confirmations
Quantifi, an analytics and risk management solutions provider to the global credit markets, has announced that hedge fund manager III Associates has integrated the Quantifi Toolkit into their systems for end-of-day valuations of their structured credit portfolios.