Provider Profile
-
Insider knowledge
Dean Atkins, md of Structured Credit Trading Solutions, answers SCI's questions
Dean Atkins Q: How and when did you/your firm become involved in the structured credit market?
Provider Profile 11 March 2009
A: Structured Credit Trading Solutions (SCTS) was officially incorporated in September 2008. It is essentially an advisory company and does exactly what it says on the tin. It had become all too clear that there is not enough understanding .......
-
An ever-changing environment
Jordan Hu, founder & ceo, and David Sawyer, chief ma...
How and when did you/your firm become involved in the structured credit market?
JH: RiskVal first became involved in the structured credit market around 2005. Many of our fixed income clients expressed interest for a fully integrated structured credit solution, similar to our RVFI (RiskVal Fixed Income) ASP platform.This motivated us to expand our business model to cover structured credit .......
Provider Profile 4 March 2009
-
Unbundling real estate finance
Vlad Krutik, ceo of International Real Estate Securities Exchange (IRESE), answers SCI's questions
Vlad Krutik Q: How and when did your firm become involved in the structured credit market?
Provider Profile 18 February 2009
A: The genesis of IRESE was conceived about 2.5 years ago. At that time, a couple of academics (including Harry Markowitz) and I talked about investment opportunities in the real estate market. Specifically, we discussed the leverage that .......
-
Illiquid incentives
Barry Silbert, ceo of SecondMarket, answers SCI's questions
Barry Silbert Q: How and when did your firm become involved in the structured credit market?
Provider Profile 11 February 2009
A: I previously worked at Houlihan Lokey, where my focus was on restructuring and distressed workouts. This was during the time of the Enron and WorldCom defaults. The idea for SecondMarket was developed from my experiences there: to .......
-
One-stop valuation shop
David Pagliaro, EMEA commercial director, ABSXchange and Pet...
Q: When did ABSXchange and VSS launch? What is the history behind the offerings and what is their involvement in the structured credit markets?
David Pagliaro
DP: ABSXchange entered the European market in 2005, with a strong focus on supporting sell-side organisations and structurers. Standard & Poor's then acquired IMAKE, the technology provider behind ABSXchange, in ....... Provider Profile 4 February 2009
-
Bringing clarity to chaos
Hansol Kim, founding partner of structured credit advisory f...
Hansol Kim Q: How and when did Pine Lakes Capital become involved in the structured credit market?
Provider Profile 28 January 2009
A: Pine Lakes Capital launched at the end of 2008. Having spent the last 14 years of my career at Financial Security Assurance, I felt I had something to offer the market in these distressed times and .......
-
Flight to simplicity
In this Provider Profile, we talk to Sasha Rozenberg, head o...
Sasha Rozenberg SuperDerivatives offers a multi-asset pricing product suite developed out of the company's original offering in the FX markets in 2000. During a period of high growth for dot.com businesses, company founder David Gershon delivered a business model for the time - a web-based product for corporate customers. Unlike other internet .......
Provider Profile 16 April 2008
-
"People should distinguish more between assets"
In this week's Provider Profile we talk to Morrison &...
Recent market volatility has brought structured credit into the mainstream headlines for the first time. Morrison & Foerster (MoFo) has been advising clients on the structures in trouble and shared with SCI its thoughts on the possible future shape of the structured credit markets.
Peter Green Peter Green and Jeremy Jennings-Mares were brought .......
Provider Profile 19 September 2007
-
"The feedback is very good"
In this week's Provider Profile we talk to European derivatives exchange Eurex
When Eurex launched a credit event futures contact earlier this year many buy-side market participants expected it to be a further extension of the deep liquidity that the main iTraxx index offers and upon which the exchange based its new contract.
The lack of a requirement for ISDA paperwork, the inherent mitigation of counterparty risk that an exchange offers, combined .......
Provider Profile 4 July 2007
-
"A total risk picture spanning many different markets"
This week's Provider Profile looks at OpenLink's cross-asset...
OpenLink started trading in 1992 as a front and middle office interest rate derivatives system and after working with partners such as JP Morgan, they gradually extended their coverage to other asset classes including commodities, fixed income and cash management products.
Subsequently, OpenLink has continued to pursue strategic partnerships to develop functionality for new asset classes. The result today is .......
Provider Profile 9 May 2007
-
"Access to collateral is crucial"
In this week's Provider Profile we talk to the legal partner...
Angus Duncan Cadwalader, Wickersham & Taft (CWT) has extensive experience of the securitisation and derivatives markets in both North America and Europe. The firm's work is as wide ranging as would be expected of a large legal partnership, but it is particularly strong in ABS.
The firm advises on large numbers of CMBS .......
Provider Profile 18 April 2007
-
RED secrets
In this week's Provider Profile, Sue Lord, vp, Markit Group...
Markit RED (Reference Entity Database) is the market standard that confirms the legal relationship between reference entities that trade in the credit default swap market and their associated reference obligations, known as CLIPS. Each CLIP is created to identify both the entity and the pair.
CLIPS are widely used by dealers matching on DTCC and to identify trades in the .......
Provider Profile 4 April 2007
-
"It's a moving target"
Algorithmics is the subject of this week's Provider Profile
Algorithmics has been providing the market with risk management systems for almost 18 years, constantly developing its product suite to offer a variety of in-house and hosted services to both sell and buy-side institutions. The firm, founded in Toronto in 1989, is now owned by the Fitch Group.
'Algo Risk' is the firm's module that provides a holistic solution to .......
Provider Profile 28 March 2007
-
"How soon, how soon, how soon?"
In this week's Provider Profile, SCI talks to outsourced buy-side technology provider Sky Road
Sky Road, founded in 2005, describes itself as a custom hosted technology solution for hedge funds and asset managers. Built on top of Calypso technology, the firm says it aims to provide hedge funds with "the next generation of ASPs".
Sky Road's co-founders, chief technology officer Joe Clifford and president John Borse, first worked together when they built an interest .......
Provider Profile 21 March 2007
-
"Tracking the underlying credits requires a more sophisticated approach"
In this week's Provider Profile we talk to CMBS analytics an...
Trepp has been supplying the US domestic CMBS market with analytics, trading tools and data management and modelling software for 25 years. TreppDerivative is the firm's newest toolkit that supplies the markets with both data for the CMBX index and analytics and surveillance on over 100 US-based CRE CDOs. Now, with the first European CRE CDO issued and more in .......
Provider Profile 7 March 2007
-
"People haven't addressed the market risk side of the deal"
The subject of this week's Provide Profile is RAP CD, Derivative Fitch's CDO valuation service
RAP CD is, Derivative Fitch says, the realisation of its strategic vision to provide a service for synthetic CDOs that goes beyond the traditional service offering of a ratings agency. Through customer polls the agency identified that many investors in CDO portfolios understood the credit risk but were unable to fully understand market risk. RAP CD is Derivative Fitch's tool .......
Provider Profile 7 February 2007
-
"Control, validate and audit the entire process"
This week's Provider Profile looks at documentation generation vendor Thunderhead
However plain (vanilla) the world of documentation generation and client communications may seem, getting this aspect of a business right nevertheless plays a crucial part not only in effective client and counterparty relationships, but also in helping buy- and sell-side firms reduce operational risk and failed trades. Efficient documentation can also provide an audit trail should things go awry when .......
Provider Profile 24 January 2007
-
"The best spread achievable"
Online CDO structuring service provider Codefarm is the subject of this week's Provider Profile
Codefarm, which started business in 2002, offers new efficient methods for CDO arrangers to structure their portfolios using technology called 'evolutionary computing'. Similar in some ways to artificial intelligence, evolutionary computing is nevertheless highly unusual as it is 'bio-inspired', meaning that it employs a learning process that mimics phenomena that occur in nature.
Borrowing heavily from Darwinian Theory, Codefarm applies .......
Provider Profile 10 January 2007
-
"We're fanatic about automation of data"
Structured fixed income deal modelling data firm Intex is th...
Boston and London based Intex Solutions has been providing structured finance models and analytics since 1985. Today, it maintains a database of over 16,000 deals covering RMBS, CMBS, ABS and CDOs.
The firm's deal coverage originally encompassed those of US origination, but it now also increasingly includes European issues. Intex has incorporated well over 1,000 European deals across different asset .......
Provider Profile 20 December 2006
-
"We bring order to chaos"
Credit derivatives data services firm CMA is the subject of this week's Provider Profile
Credit Market Analysis – CMA – came to market in 2001 with its real-time information product, QuoteVision. The move signalled a strategy that would immediately set the company aside from its major rivals – to bring pricing information efficiency from dealers' desks to the buy-side.
QuoteVision has generated the firm over 100 clients from all buy-side participants; hedge funds, bank .......
Provider Profile 6 December 2006
-
"You better be damn sure of your market views"
NewSmith Financial Solutions is the subject of this week's Provider Profile
NewSmith Financial Solutions (NSFS), the debt advisory business of NewSmith Capital Partners, offers specialist advice to investors in structured credit in connection with its core expertise – workouts and value realisation of mezzanine and equity tranche CDO investments. In addition, it advises clients on event driven structured deals.
NewSmith Capital Partners also has an asset management division entirely separate from .......
Provider Profile 29 November 2006