1 / 8

Data Standards Working Group Update Asset Managers Forum’s Swaps Workshop and Vendor Exhibit

Data Standards Working Group Update Asset Managers Forum’s Swaps Workshop and Vendor Exhibit. Presented by Ann Marie Davis and Stephanie Davis. 27 October 2004. Initial Working Group Participants. Amaranth Group Inc. Citadel Investment Group, LLC D. E. Shaw & Co., L. P.

maura
Download Presentation

Data Standards Working Group Update Asset Managers Forum’s Swaps Workshop and Vendor Exhibit

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Data Standards Working Group Update Asset Managers Forum’s Swaps Workshop and Vendor Exhibit Presented by Ann Marie Davis and Stephanie Davis 27 October 2004

  2. Initial Working Group Participants Amaranth Group Inc. Citadel Investment Group, LLC D. E. Shaw & Co., L. P. Deephaven Capital Management DKR Capital Inc. EBF & Associates LP HBK Investments L.P. Highbridge Capital Management Moore Capital Management LLC Paloma Partners Management Company Soros Fund Management LLC Tudor Investment Corporation

  3. Executive Summary • Validation of position and market valuation, neither of which are currently addressed by other industry initiatives. The focus is not legal confirmations which are being addressed by other industry working groups. • Enhance technology using a phased approach, if necessary; streamline communications using accepted industry methods for data representation, transmission and security. • One-solution-fits-all approach to communications. • Exchange sufficient data to generate meaningful exception reports. • Initial focus on structured products.

  4. Objective • Streamline communications using accepted industry methods for data representation, transmission and security. • Reduce support costs through efficient processing and consistent requirements. • Minimize change and significantly reduce lead-time when new products and/or dealers are introduced. • Provide relief for the dealers by limiting the range and variety of requirements from end-users. • Foster a team environment to ensure success.

  5. DSWG scope: Position and market value validation 3rd party vendors Processing platforms Buy/Sell Side ISDA MFA DSWG BMA/ AMF

  6. Product Priority – Final • Immediate Focus: • Interest Rate Swaps • Credit Default Swaps • Total Return Swaps (Equity, Bonds) • Future Phases: • Options (Swaptions, Equity, FX, Cross-Currency, Credit Default) • Variance and Asset Swaps • Commodity Swaps • Prime Broker

  7. Benefits of Uniform Technology • Promotes standards to enhance data processing: • Representation – FpML extensions • Security – PGP/GPG encryption • Transmission - FTP • Standardizing the technology will not limit the use of the data. One solution does fit all.

  8. Conclusion • DSWG has made real progress in a very short time. Established technical and business-side working groups that have: • Agreed and finalized project deliverables • Established a one-solution fits all technology approach • Generated sample files • How we measure success. This project will make valuable data more easily available, standardize and secure transmission, ensure that content is more consistent and ease the process for dealer's to provide data to end users. Each participant will measure success differently, depending on their needs but this initiative addresses all aspects of the defined data requirements and will provide a valuable solution for all.

More Related