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ACA Compliance Launching ‘Next Generation’ RegTech Surveillance Platform
In response to what it views as a fragmented regulatory ecosystem, ACA Compliance has launched a new compliance and risk management platform aimed at assisting firms to automate their processes, connect their data sources and scale up their compliance strategy. ComplianceAlpha 2.0 is a new trade surveillance approach targeting employee compliance – helping firms to…
Fenics Market Data Releases US Treasuries Data Services
Fenics Market Data (Fenics MD), a division of global brokerage BGC, is building out its portfolio with the addition of a US dollar data service, FENICSMD 20/20, a premium service that combines the precision pricing of Fenics USTreasuries (Fenics UST), an electronic US Government securities trading venue owned by BGC, with real-time interest rate swaps…
SS&C Expands Risk Analytics with Agreement to Buy Algorithmics’ Assets from IBM
SS&C Technologies has reached a definitive agreement to acquire certain Algorithmics’ and related assets from IBM. The addition of Algorithmics, a provider of risk analytics products and capital management solutions, will extend SS&C’s risk analytics and regulatory offering by adding over 200 clients, 350 employees and offices in 25 countries. Client types include banks, broker…
Royal London Asset Management Selects TradingScreen OEMS to Drive Returns for Investors
UK investment management firm Royal London Asset Management (RLAM) has selected TradingScreen’s cloud-based multi-asset order and execution management system to drive better returns for investors. The deal is designed to allow RLAM to trade across multi-asset classes within its £130 billion portfolio via one centralised platform, offering greater operational efficiencies and more time to focus…
Marion Leslie Leaves Refinitiv to Head Up SIX Financial Information
Marion Leslie has stepped down from the role of managing director of Refinitiv’s Enterprise business and will join SIX as leader of SIX Financial Information and a member of the SIX executive board on January 1, 2020. She will succeed Robert Jeanbart, who has decided to retire at the end of this year. Jeanbart joined…
Broadridge Releases Cloud-based Data Control Solution Set
Broadridge Financial Solutions has released a cloud-based data control solution set designed to help financial firms address the operational challenges of managing the lifecycle of transaction data. The solution set combines Broadridge’s reconciliation and matching solution with enhanced data analytics, multi-bank connectivity and flexible financial messaging. The aim of the solutions is to provide an…
New and Established Firms Take Opposing Views on ESMA Market Data Consultation
Newer financial markets firms and FinTech companies have come out strongly in favour of regulatory action on market data within the EU. In contrast, some more established players are taking the view that little or no action is needed, and any issues are the fault of the regulator in the first place. These, and other…
Transaction Network Services Adds Euronext Derivatives Market Data Service
Transaction Network Services (TNS) continues to build out its electronic trading solutions and services portfolio, and meet growing demand for market data, through an agreement to become a vendor of record for Euronext derivatives market data. TNS says its fully managed Euronext derivatives market data service allows market participants to lower the cost of accessing…
Bloomberg Adds Equity Benchmarks, Introduces ESG Index Family
Bloomberg has added US equity benchmark capabilities to its existing set of fixed income, commodity and currency indices. The move is a response to investor requests and designed to help existing index clients meet their needs across a wider range of asset classes. The equity offering includes the Bloomberg US Large Cap Index (ticker: B500)…
Best Execution: Putting your Worst Foot Forward?
By Justin Lyon, Founder and CEO of Simudyne. Increased regulatory pressure has raised the bar for both sell-side brokers and investment managers. In Europe, MiFID II increased responsibility on sell-side firms, with the directive ratcheting up the prevention, detection and containment of algorithms that might behave in an unintended manner and contribute to disorderly trading…