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IHS Markit soft launches more Risk Bureau capabilities ahead of Libor transition
The newly-acquired data giant targets the sell side with a suite of new risk-based applications meant to help banks with the transition from Libor, which is expected for the end of this year. Print this page
IHS Markit is building out its Risk Bureau offering into a suite of applications aimed at helping the sell side manage processes such as forecasting, XVA calculations, and derivatives risk, ahead of the transition from the Libor benchmark at the end of 2021.
Last spring, the data giant released its first Risk Bureau offering, a derivatives risk modeling service, aimed at helping buy-side firms calculate and model such risk using alternative data, machine learning, and cloud computing. The tool
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People Moves: Alpima, Santander UK, Tradeweb, SS&C, SmartStream, Numerix, and more
A look at some of the key people moves from this week, including Karen Tierney (pictured), who joins Alpima as chief product officer.
Alpima, a
SaaS platform for investment management and product design, has appointed Karen Tierney as chief product officer.
Tierney joins Alpima from DWS, where she was responsible for managing the 2020 Ibor transition initiative for the global alternatives businesses, and supporting environmental, social and governance regulatory initiatives for alternatives.
Tierney previously held roles at the Royal Bank of Scotland as a program
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“Utility is success,” Thomas Edison once claimed, arguing he wasn’t motivated to invent things that didn’t sell well: if no-one used them, what was the point?
Firms with competing visions of a more robust post-trade architecture for futures and options might bear this in mind. Market participants think standardizing trade allocations could prevent a repeat of the chaos that resulted from the thousands of trade breaks witnessed during last year’s Covid volatility, with many calling for a new
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Blockchain ‘track-and-trace’ tech could tackle data compliance, audit exposure, experts say
Startup DLT provider TradeX proposes using blockchain s immutable ledger as an indisputable record of market data entitlements and consumption, to reduce licensing disputes.
Distributed-ledger technologies could help solve the age-old issue of tracking, reconciling, and reporting market data usage by financial firms.
Firms have relied on a combination of entitlements systems most notably Refinitiv’s Real Time Data Access Control System (DACS) usage tracking and inventory management platforms to reconcile costs against consumption. Additionally, data providers exchanges, interdealer brokers, data vendors, and index providers regularly employ audits to ensure clients are complying with the usage terms in their contracts.