Launch event for Interactive Data’s new reference data service Apex on Wednesday night, hosted at Nasdaq Time Square and introduced by Mark Hepsworth. Apex looks like a good offering, combining multi-asset data access, batch file and on-demand API requests from the same data store, plus hosted data management services, and a flexible licensing/distribution/re-distribution model.…
Getting to the heart of “Data Management for Risk”, PRMIA held an event entitled “Missing Data for Risk Management Stress Testing” at Bloomberg’s New York HQ last night.
I have a vested interest in saying this, but the topic of data management for risk seems to fall into a functionality gap between: i) the risk system vendors who typically seem to assume that the world of data is perfect and that the topic is too low level to concern them and ii) the traditional data management vendors who seem to regard things like correlations, curves, spreads, implied volatilities and model parameters as too business domain focussed (see previous post on this topic) As a result, the risk manager is typically left with ad-hoc tools like spreadsheets and other analytical packages to perform data validation and filling of any missing data found.…
“Any Regulation of Risk Increases Risk” is an interesting paper illustrating quantitatively what a lot of people already think qualitatively (see past post for example), which is that regulation nearly always falls fowl of the law of intended consequences. Through the use of regulatory driven capital charge calculations, banks are biassed towards investing in a limited and hence overly concentrated set of assets that at the time of investment exhibit abnormally low levels of volatility.…
Just a quick note to say that we have signed a new client, Bankenes Sikringsfond, the Norwegian Banks’ Guarantee Fund. They will be using TimeScape to fulfill requirements for a centralised analytics and data management platform. The press release is available here for those of you who are interested.…
NEW YORK and LONDON – Oct. 9, 2012.
Xenomorph, the analytics and data management solutions provider to global financial institutions, announced today that Bankenes Sikringsfond, the Norwegian Banks’ Guarantee Fund, has selected its TimeScape system to satisfy requirements for a centralised analytics and data management platform.…
If you have ever wandered around the financial district in New York, then you may not have noticed the Museum of American Finance on the corner of Wall and William St. I tend to find there are lots of things I don't notice in New York, probably due to the fact that I am still doing a passable impression of a tourist and find myself looking ever upwards at the skyscrapers rather than at anything at ground level.…
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