About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Brief

Bloomberg Secures Contracts to Provide Electronic Trading Platforms to ECB and Other Eurosystem Central Banks

Bloomberg has been awarded three significant framework agreements with the European Central Bank (ECB) and other National Central Banks within the Eurosystem for the supply of Electronic Trading Platforms (ETPs) for trading in government bonds denominated in Euro, USD and JPY, alongside USD and JPY Interest Rate Swaps, and futures contracts.

Bloomberg’s Netherlands-based Multilateral Trading Facility (MTF), BTFE, will host any trades, with futures trading supported by Bloomberg’s Tradebook ISV and its EMSX execution management system.

Euronext Completes Migration of Italian Derivatives Trading to Optiq, Finalising Borsa Italiana Integration

Euronext has announced the successful migration of Italian derivatives trading to its advanced trading platform, Optiq, marking the completion of Borsa Italiana’s markets integration into Euronext’s infrastructure. This milestone, achieved less than three years following the acquisition of the Borsa Italiana Group, is a critical component of the “Growth for Impact 2024” strategic plan, aiming to consolidate a unified liquidity pool and technology platform across Euronext markets.

The transition not only promises enhanced market efficiency and accessibility for investors and issuers but also aligns with Euronext’s objective to become Europe’s premier listing and trading venue. Looking ahead, Euronext is poised to fulfil the final goal of its strategic plan by extending Euronext Clearing to its listed financial and commodities derivatives by Q3 2024, anticipating significant synergies by the year’s end.

Microsoft Selects Solidatus as a Partner in Renewed Data Governance Platform

Microsoft has named Solidatus as its preferred data lineage integration partner as part of renewed data governance in Microsoft Purview. The new software-as-a-service (SaaS) platform provides intuitive business-friendly interaction, seamless integration across data sources, AI-driven efficiency, and actionable insights, empowering users to enhance data governance processes.

Microsoft will extend the value of Microsoft Purview for customers through pre-built integrations with a select group of technologies. Solidatus, a provider of data lineage, is one of these and will provide Microsoft Purview customers with best-in-class data lineage and its capabilities in fine grain lineage, visualisation and version control, strengthening data governance efforts and fostering more resilient businesses.

“Purview customers will gain a unified and actionable view of their governance workflows, empowering them to tackle their most pressing data challenges,” says Philip Dutton, CEO at Solidatus.

Informatica Takes Intelligent Data Management Cloud to Saudi Arabia

Informatica, a vendor of enterprise cloud data management, has set up its AI-powered Intelligent Data Management Cloud (IDMC) in Saudi Arabia, claiming a first in the kingdom. The provision includes establishing a point of delivery in Riyadh that supports local, scalable, cloud-first data management services. Informatica launched its first regional point of delivery in Abu Dhabi, UAE in 2023.

The investment underpins Informatica’s commitment to further the Saudi government’s Vision 2030, which includes digitally empowering all sectors of the economy. Jitesh Ghai, chief product officer at Informatica, comments: “Saudi Arabia is making headway on its journey to become a technology hub for the Middle East and is creating a solid cloud foundation to realise its Vision 2030 ambitions. By having a significant cloud, data, and AI presence in the kingdom, we will be providing organisations with an in-country AI-powered data infrastructure to run their cloud-based technology solutions.”

LIST Completes Final Phase of Borsa Italiana Migration to Euronext’s Optiq Technology

LIST, an ION company, has successfully concluded the third and final phase of transitioning its Borsa Italiana clients to Euronext’s Optiq trading platform, marking a significant milestone following the acquisition of the Borsa Italiana Cash and Derivatives markets by Euronext in April 2021. This latest phase focused on derivatives clients, completing the migration that began with the equity segment in March 2023 and the bond segment in October 2023.

To ensure a smooth transition to the new trading technology, LIST has upgraded its FastTrade trading solution, enabling seamless access to the Euronext pan-European ecosystem. This final stage also included the introduction of new software versions and improvements to data centre and telecoms infrastructure.

Euroclear Invests in Blockchain-Based Funds Marketplace IZNES

Euroclear has made a strategic investment in IZNES, a blockchain-based pan-European funds marketplace, aiming to enhance its Euroclear FundsPlace suite. The collaboration, pending customary closing conditions and regulatory approvals, will leverage IZNES’s technology and various distribution channels to address the landscape of European funds subscriptions and redemptions.

Founded in 2017, IZNES operates a platform designed to streamline the funds subscription process, offering increased transparency and an enhanced customer experience for management companies and institutional investors. The investment follows Euroclear’s previous acquisitions of MFEX in 2021 and Goji in 2023, underscoring its commitment to revolutionizing funds distribution through innovative solutions in France and across Europe.

Kasikorn Securities Selects ICE’s Portfolio Analytics for Enhanced Derivatives Management

Intercontinental Exchange, Inc. (ICE) has announced that Kasikorn Securities, under the Kasikorn Bank Group of Thailand, has selected ICE’s Portfolio Analytics-Derivatives for its derivatives management needs. The deal will provide Kasikorn Securities with ICE’s derivatives solution for pre-trade pricing, analytics, and post-trade risk management, which will be integrated into their Kasikorn’s OMS.

By leveraging ICE’s analytics application, Kasikorn Securities aims to enhance its capabilities in price discovery, decision support, and risk assessment across various asset classes and instruments.

Zayo Launches Waves on Demand Service Across Europe

Zayo Group, the global provider of fibre network infrastructure, has launched a new Waves on Demand service, providing bandwidth accessibility throughout Europe via its 400G-enabled lit-fibre network. The new service guarantees service activation within just five working days, a significant improvement over the standard 30+ day industry timeframe.

Utilising Ciena’s WaveLogic 5 technology, Waves on Demand allows for rapid scaling of bandwidth with capacities up to 800G on dedicated circuits. Initially available in major European connectivity hubs, including Frankfurt, London, Amsterdam, and Paris, Zayo plans to extend the service to Dublin, Manchester, and Milan by year-end.

Confluence Adds MSCI ESG Research Data into Style Analytics

Confluence Technologies, a solutions provider to the investment management industry, has integrated MSCI ESG Research data into its factor investing analytics solution, Style Analytics. The data will help asset managers and fund selectors by offering in-depth analysis, comparison, and enhancement of portfolios.

Damian Handzy, managing director, analytics, at Confluence, comments: “Style Analytics’ integration of MSCI’s ESG data marks a significant step to help our clients make informed investment decisions and achieve sustainable growth.”

The integration supports drill-down capabilities, fund-of-funds capabilities for United Nations SDGs and analytics, as well as factor analysis using an intuitive user interface. Users can gain actionable data, identify optimal investment opportunities and monitor performance over time.

GLEIF Names Certizen Technology as China’s Second LEI Validation Agent

The Global Legal Entity Identifier Foundation (GLEIF) has named Certizen Technology, a Hong Kong-based provider of digital identity and digital certificate solutions, as the latest organisation approved as a Validation Agent in the Global Legal Entity Identifier (LEI) System.

With the support of GLEIF and the People’s Bank of China, Certizen will use the LEI to enrich its product and service offerings across multiple market sectors to further advance ‘opening up’ and strengthen support for free trade and cross-border business interactions. This includes using the data elements of the LEI in conjunction with digital certificates to integrate and associate an organisation’s data with the identity of individuals acting on its behalf. This will contribute to increased market transparency, facilitate trusted cross-border trade, and support global regulatory alignment.

Eva Chan, CEO of Certizen Technology, comments: “Obtaining Validation Agent status is a step forward in our vision to become a leader in corporate identity management. We are committed to using the capabilities of the LEI to enable secure and trustworthy digital interactions across borders, helping realise the full potential of efforts to support opening up and promote increased international recognition of local enterprises.”