News

Quantifi Toolkit introduces new pricing structures for CDOs

Quantifi, a provider of analytics and risk management solutions to the global credit markets, has released Quantifi Version 8.5, a toolkit for the pricing and risk assessment of credit derivatives. "Version 8.5 provides several key enhancements including third-generation base correlation technology essential for pricing some of the more recently developed portfolio credit products," says Rohan Douglas, CEO, Quantifi.

Assets in custody with clearstream to be available via Eurex Repo from mid-2007

Eurex Repo, the electronic repo trading market owned by Eurex, says its Euro GC Pooling service, which was launched in March 2005, is being enhanced in conjunction with Clearstream Banking Luxembourg and Eurex Clearing to enable assets held in custody with Clearstream Luxembourg to be available for Euro GC Pooling from mid-2007 onwards. The new service is aimed primarily at international participants who use Clearstream Luxembourg as custodian for their securities.

Euronext buys 51% stake in securities lending platform SecFinex

SecFinex, the six-year-old, London-based electronic trading platform for securities lending, has sold 51 per cent of its equity to Euronext. The platform has sought an investor for some time, and came close to selling itself to inter-dealer broker ICAP earlier this year, but major shareholders Societe Generale and Fortis eventually demanded too high a price.

Fixnetix launches ix-direct for low latency transmission of direct market data

iX-Direct, a data solution designed to reduce latency, was unveiled yesterday by market data telecommunications provider Fixnetix. Delivered over a global fibre network, iX-Direct features Ethernet connectivity and does not require data feed handlers or servers to be installed on-site. "With the continuing rise of al

Deutsche Börse Subsidiary Avox Expands Its Service Offering For MiFID Compliance

Avox, a network of financial services providers for the verification of counterparty data, has signed a cooperation agreement with VÖB, the Association of German Public Sector Banks (Bundesverband Öffentlicher Banken Deutschlands). The agreement aims to enable common marketing activities among member institutions of VÖB Services, a 100% subsidiary of VÖB which offers products and services in the areas of banking supervision, risk management and IT services.

Wombat partners with Coral8 for complex event processing

Wombat Financial Software, which enables connectivity to the global markets through its market data infrastructure, and Coral8, provider of Complex Even Processing (CEP) software, have publicly announced a partnership to embed the Coral8 Engine into Wombat's messaging platform. Trading operations departments across th

Few investment Management firms have separate MiFID budgets

Eight out of nine investment management firms attending a recent forum run by investment management consultancy Investit said they did not have a separate MiFID budget and are incorporating MiFID into existing business projects.