A-Team Insight Blogs The latest content from across the platform
UOB Deploys Chronicle EFX for Electronic FX Pricing and Trading
Asian bank United Overseas Bank (UOB) has deployed Chronicle Software’s EFX solution in Singapore to power its FX pricing and trading engine. By deploying EFX and taking advantage of reduced latency via colocation connectivity, UOB aims to improve price discovery to provide customers in the ASEAN region and across its global network with access to…
Gresham Technologies Agrees to Acquire Electra Information Systems
London-based Gresham Technologies is acquiring New York-based post-trade automation specialist Electra Information Systems, in a cash deal valued at up to $38.6 million. The acquisition, which follows Gresham’s purchase of Inforalgo Information Technology last summer, will boost Gresham’s physical presence in the US, double its customer numbers to over 270, and strengthen its cloud and…
Outsourced Trading: Is the Buy Side Asking the Right Questions?
By Chris Jenkins, Managing Director at Tora. Outsourced trading is a hot topic in the industry today. By all accounts, there is a fast-growing trend amongst asset managers to outsource some or all of their front office trade execution activities to third parties. In fact, a recent study from Standard & Poor’s Greenwich Associates found…
Relativity Acquires Text IQ to Boost Surveillance, Legal Review Capabilities
Legal and compliance technology company Relativity has acquired Text IQ, which uses artificial intelligence (AI) to identify sensitive data for financial services clients including Morgan Stanley, Goldman Sachs, US Bank and Bank of America. Relativity says the acquisition will augment its surveillance and legal review capabilities, in particular general privilege reviews for litigation, and responses…
How to Implement Strategies, Standards and Technologies for Best Practice Customer Data Management
Getting customer data right has been a problem for financial institutions for many years, but it is beginning to ease as regulation drives data aggregation underpinned by data governance, data standards emerge, and technologies replace manual processes. Getting management buy-in to improve customer data has also moved on and become more persuasive as conversations about…
Opsmatix Signs Partnership Deals with EEI, SHE as It Seeks to Automate Operational Workflows
Operations automation specialist Opsmatix has signed its third partnership agreement in two months, forging a relationship with Enterprising Engineering Inc. (EEI), a New York-based digital transformation consultancy. The deal follows partnership arrangements with Lysis for KYC off-grid workflow monitoring, and with New York sales accelerator Sand Hill East. Opsmatix’s SaaS platform uses AI to help…
Rimes Names Brad Hunt – Former Strategy Lead at BNY Mellon – as CEO
Rimes Technologies, a provider of managed data services, has appointed Brad Hunt as CEO. The company describes the appointment as a follow-on from a ‘significant growth investment’ in Rimes by Swedish private equity firm EQT Partners in February 2020. Rimes’ co-founder and former CEO, Christian Fauvelais, retains a role on the company’s board and will…
Refinitiv CEO David Craig Leaves LSEG at End of 2021, a Year After LSEG Acquired the Company
David Craig, group head, data and analytics, and CEO at Refinitiv, who led the company through acquisition by the London Stock Exchange Group (LSEG) and is part of the integration of the organisations, will leave the group at the end of 2021. In the role of group head, data and analytics, he will be replaced…
BNP Paribas Implements ipushpull’s PPQ to Digitise Pre-Trade Client Workflows
BNP Paribas has implemented PPQ (Pushpull Quotes) from London-based workflow and automation specialist ipushpull, to streamline workflows around non-standard, complex trades for asset manager clients. PPQ is a pre-trade workflow tool that standardises and automates the negotiation process between buy and sell side through a set of integrated data sharing and data-driven tools, using financial…
Crux Informatics Goes Live with Data Quality/Transformation Offerings as New CEO Freiberg Takes Helm
New York-based financial data delivery platform operator Crux Informatics has launched two new services, Crux Data Protect and Crux Wrangle, to help firms ensure data quality and transform datasets to meet internal requirements. The company has also hired a new CEO, Will Freiberg, who has replaced founder and ex-Thomson Reuters desktop head Philip Brittan, who…