IHS Markit Ltd. (NASDAQ:INFO) stock shows knocks down of -0.36% and traded at a price of $43.96 in preceding trading session.
IHS Markit (NASDAQ:INFO) reported that an alliance with MSCI (NYSE: MSCI) to help asset managers implement liquidity risk management programs and comply with SEC Rule 22e-4. Available next month, the multi-asset class solution integrates fixed income market and liquidity data from IHS Markit with MSCI LiquidityMetrics analytics.
Slated to take effect in 2018, SEC Rule 22e-4 requires mutual funds and exchange-traded funds (ETFs) to classify their portfolios as highly liquid, moderately liquid, less liquid or illiquid. Only 15 percent of a fund’s assets will be permitted to be classified as illiquid – a potential challenge in fixed income markets where only a small minority of securities trade regularly.
“Fund managers face major hurdles in obtaining the data they need to comply with the SEC’s liquidity rule. This challenge is most acute in fixed income where assessing liquidity is not dependent on trade data alone,” said Kiet Tran, managing director and head of Pricing and Reference Data at IHS Markit. “IHS Markit has unparalleled access to fixed income market data and we are pleased to collaborate with MSCI on a robust solution for liquidity management.” In line with SEC requirements, the service will classify the liquidity of each asset in a portfolio and calculate other complex liquidity indicators, such as cost to liquidate, liquidation amount and time-to-liquidation while factoring in market impact, market depth and market activity.
The service covers equities and all fixed income instruments, including government, supranational, agency, corporate sovereign and municipal bonds, securitized products, syndicated loans and credit default swaps.
Its 52-week range quite noticeable, lower range was $28.80% and hit highest level of $-9.42%. The overall volume in the last trading session was 7 Million shares. The liquidity position of firm is on noticeable level, as its current ratio was calculated as 0.60 at the same time as its debt to equity ratio stands at 0.52.
Shares of Baxter International Inc. (NYSE:BAX) at the time when day-trade ended the stock finally reduced -0.10% to close at $62.46. Baxter International Inc. (NYSE:BAX) reported that launch of DeviceVue, a comprehensive asset tracking solution available exclusively to hospitals using the Sigma Spectrum Infusion System. Designed to help enhance clinical and hospital efficiency, DeviceVue helps enable clinicians and biomedical engineers to quickly find unused pumps by viewing pump location and status data from their PC, iPad®or iPhone®. With DeviceVue, Baxter is the first and only smart infusion pump manufacturer to offer a tagless, end-to-end asset tracking application.
“Healthcare leaders are required to deliver clinical and financial return on every dollar spent,” said Scott Luce, general manager, U.S. Hospital Products, Baxter. “Baxter is committed to continually enhancing the award-winning Sigma SpectrumInfusion System through technologies like DeviceVue that drive operational efficiencies and help facilities maximize clinical value.”
In place of the cost and labor associated with purchasing and installing external radio frequency identification (RFID) tags, DeviceVue receives a signal from the pump’s wireless radio that provides location data, whether the pump is in use, and the status of the pump battery, wireless network connection, and drug library. This data is sent in near real-time to the DeviceVue PC or mobile application.
DeviceVue is currently in use at multiple health systems across the country, including Mississippi Baptist Medical Center in Jackson, Miss., a 564-bed, Magnet®-recognized facility. The Magnet designation represents the highest distinction for nursing excellence and patient care.
The volatility tends to amount of risk or uncertainty about size of changes in a security’s value; a higher volatility denotes that a security’s value can potentially be spread out over a larger range of values. The price volatility of BAX was 1.19% for a week and 1.03% for a month as well as price volatility’s Average True Range for 14 days was 0.66. Shares price isolated positively from its 50 days moving average with 0.93% and remote positively from 200 days moving average with 13.57%.