A-Team Insight Brief
Fitch Unveils Scoring Product Under its New Sustainable Fitch Brand
Sustainable Fitch, the ratings and data company’s ESG unit, has created a ratings product that scores that will provide investors with information on the impact, outcome and performance of entities and their debt issuance. The ESG Ratings, Data and Analysis product offers scores at the entity, framework and financial instrument level.
Biodiversity and Water Risk Products Announced by ISS ESG
ISS ESG has broadened its nature-linked ESG data and indices offerings with the launch of a Biodiversity Impact Assessment Tool and a Freshwater Index series. The biodiversity tool enables investors to measure the impact of their investments’ activities on nature, while the latest indices highlight a company’s exposure to water risks and its management of water.
Broadway Introduces Support for Eris BSBY Swap Futures
Broadway, the front-office solutions provider, has announced support for trading Eris BSBY Swap Futures within its SaaS trading solutions suite. Eris BSBY enables market participants to forecast and hedge rates on the 3-month Bloomberg Short-Term Bank Yield Index.
The new functionality, which allows clients to seamlessly manage credit risk as they migrate from Libor to SOFR as the benchmark US interest rate, is now live and available to all Broadway customers.
TS Imagine Chosen by Varenne Capital to Support its Trading Activities
Varenne Capital, a Paris-based global investment manager, has selected TradeSmart OEMS from TS Imagine to support its trading activities. TradeSmart OEMS will automate Varenne’s execution process, support its portfolio management system, modernize and reduce time-consuming workflows and increase functionality across the firm’s trading operations, according to the company.
The announcement follows TS Imagine’s strong growth over the first half of 2022, with 100 further hires to support its rapid expansion.
Copper.co Deploys Fenergo SaaS Solution to Streamline Client Onboarding
Copper.co, a provider of custody, trading and settlement services for digital assets, will deploy Fenergo’s SaaS-based client lifecycle management and anti-money laundering solution to onboard increasingly complex client ownership structures. With an excess of $50 billion in monthly notional flow across its infrastructure, Copper needs to automate its client onboarding process to cater for clients ranging from institutional asset managers to wealth managers, hedge funds, private banks, crypto funds and family offices.
Linedata Partners Liquid Mercury to Offer Buy-Side Firms Crypto Market Access
Linedata, a provider of asset management technology, data, and services, is providing buy side asset managers with institutional grade access to crypto and digital asset order execution. This is made possible through a collaboration with Liquid Mercury, a digital asset and cryptocurrency trading technology provider, and its order execution management system.
Encompass Joins GLEIF Vendor Relationship Group
Encompass, a provider of automated KYC solutions, has become a member of the Global Legal Entity Identifier Foundation’s (GLEIF’s) vendor relationship group. The group was set up to help the GLEIF understand market and product requirements for Legal Entity Identifier (LEI) data. Stephan Wolf, CEO at GLEIF and co-chair of the vendor relationship group, says: “With Encompass, we will have more than 40 organisations in the group, which creates a solid and rich dialogue between GLEIF and major sector solution providers to further promote the LEI worldwide.”
UK’s FCA Says it’s Concerned About ESG Benchmark Providers
The UK’s Financial Conduct Authority (FCA) has told providers of ESG benchmarks that it will toughen its scrutiny of the sector, saying it has concerns about the way the gauges are compiled. Director of infrastructure and exchanges Edwin Schooling Latter told chiefs of the compilers of his concerns in a “Dear CEO” letter.
Metalor Chooses smartTrade for Enhanced Precious Metals Trading Services
Metalor, an independent company specialising in precious metals refining, advanced coatings and electrotechnics activities, has selected Liquidity FX from electronic trading solutions provider smartTrade Technologies, to offer enhanced precious metals trading services to its global client base.
A commitment from smartTrade to fast implementation whilst tailoring the platform to Metalor’s specific needs was key to the decision-making process. Metalor went live on LiquidityFX within eight months of agreeing on the contractual terms.
Liquidnet Joins Sustainable Trading
Liquidnet, the technology-driven agency execution specialist, has become a member of Sustainable Trading, the non-profit membership network launched earlier this year, dedicated to transforming environmental, social and governance (ESG) practices within the financial markets trading industry.
Sustainable Trading brings firms together to devise practical and sustainable solutions to industry-specific ESG issues, as well as providing a mechanism for self-assessment and benchmarking.