7 million daily evaluations, including a broad range of hard-to-value, thinly traded securities
, ICE Data Services is a market leader in evaluated pricing for fixed income and international equities.
Companies that use such third-party valuations for thinly traded securities
, known as tier two assets, "can't simply take the numbers as gospel," Jason Plourde, a professional accounting fellow in the SEC's office of the chief accountant, told an American Institute of CPAs meeting in December.
For thinly traded securities
, trading costs are almost invariant with respect to trade size, and spread-related payments account for their largest fraction.
BDCs invest in private companies and thinly traded securities
of public companies, including the debt instruments of such companies, making them potentially susceptible to issues arising out of bankruptcies or defaults.
Gutstein's background and experience in the capital markets especially as they pertain to the marketing of small, thinly traded securities
may help the company achieve increased visibility in the investment community that ultimately may further narrow the value gap.
FINRA found that in each instance, the firms' customers deposited large blocks of thinly traded securities
in certificate form and then immediately liquidated those positions.
FT Interactive Data's recently announced business entity data service, its EUSD data - as well as its evaluations for thinly traded securities
, high quality reference data and ISO 15022 formatted corporate actions data - can all help firms address risk management issues.
This forum will bring together a distinguished group of investment managers, independent auditors and academics to examine the critical issue of determining the fair value of international and thinly traded securities
This sales performance was driven by our higher value products, such as Fair Value Information, evaluated pricing of thinly traded securities
, and the new Credit Risk module within our CMS BondEdge product.
By benchmarking thinly traded securities
against indicators of current market value, a mutual fund can be far more assured that its end-of-day NAV calculation will appropriately take into account fair value requirements for individual securities.