TradingTech Insight Blogs The latest content from across the platform
GLEIF Adds Two Validation Agents in Drive to Increase Global LEI Adoption
The Global LEI Foundation (GLEIF) has added two validation agents to its LEI issuance scheme in recent weeks, easing adoption of the identifier and extending its reach in Africa. The foundation has also published its 2020 annual report, noting a rise in LEI numbers and a 2021 focus on the validation agent role introduced in…
SS&C Expands APAC Customer Base with Win at KIM Vietnam Fund Management
KIM Vietnam Fund Management (KIM Vietnam) has selected SS&C Technologies’ Eze order management system to support its operations. The fund manager was established in October 2020 and manages eight investment funds from Korea, Japan and Europe. Most recently, it expanded with the launch of new funds in Vietnam. “We were looking for an experienced investment…
SimCorp COO Steps Up to Role of CEO as Company Transforms to Technology-Enabled Service Provider
Change at the top as Christian Kromann, SimCorp COO and member of the executive management board since 2019, succeeds long-standing CEO Klaus Holse. The change takes effect tomorrow, 2 September 2021, and marks the end of an era for Holse, who has led the company for nine years. SimCorp says that over the past two…
LexisNexis Scoops Up Crime and Onboarding Specialist TruNarrative
LexisNexis Risk Solutions UK has swooped in to acquire TruNarrative, a Leeds-based provider of financial crime and client onboarding solutions. The deal widens the scope of LexisNexis capabilities to include corporate customers as well as financial services firms of all types. TruNarrative, founded in 2016, provides a cloud-based orchestration platform that allows for simplified and…
kACE Launches FX Volatility Aggregator in Partnership with Algorithmica
kACE, the FX technology unit operated by BGC Partners’ Fenics Software subsidiary, has partnered with quantitative analysis solutions vendor Algorithmica, to launch the kACE Volatility Aggregator (kACE VA) application. The solution is aimed primarily at buy- and sell-side firms, and corporate treasuries that consume FX Option volatilities and wish to customise the data they receive….
Giving Data a Voice: How NLP and AI are Unlocking a Massive Store of Bond Market Information
By Vuk Magdelinic, CEO of Overbond. The lack of a consolidated tape or any centralized, unified data source for the bond market creates trading inefficiencies and information asymmetries—and is one of the primary roadblocks to the full automation of fixed income trading. First steps are being taken to develop a consolidated tape for the European…
Sponsored Blog: FRTB: Local Rules Divergences Add Complexity
By Fausto Marseglia, Head of Product Management, FRTB and Regulatory Propositions, Refinitiv. As the implementation date for FRTB approaches, differing local interpretations of the rules are adding further complexity to an already multi-faceted challenge facing banks. The Fundamental Review of the Trading Book (FRTB) forms part of the Basel III framework with aim of making…
ICE and RisQ Release Data Service to Help Investors Quantify Social Impact of Investments
Intercontinental Exchange (ICE) and risQ, a Boston-based startup focused on geospatial climate, economic and demographic data, have released a data service designed to allow users to understand and score the potential social impact of an investment, particularly in US municipal bonds. The social impact scores use dozens of variables from multiple public data sources and…
UnaVista’s Closure of SFTR Service Adds Complexity to Reporting Landscape
The recent decision by London Stock Exchange Group’s UnaVista to close its SFTR reporting service will force clients to decide on selection and implementation of alternative arrangements for meeting their obligations under the EU’s Securities Finance Transaction Reporting regulation. UnaVista late last month said it would cease operations of its SFTR in January 2022, leaving…
Mind the Gap: Why RegTech Hasn’t Hit the Target (Yet)
By Bernadine Reese, managing director, and Jagdeep Sihan, associate director, at Protiviti UK. RegTech is a new and innovative industry. As the cost of compliance increases, and attention from regulators mounts, financial firms are looking for ways to make their processes slicker and prove that they work effectively. Technology can be part of the answer….