FactSet Teams Up with Macrobond to Offer Insight into Global Equity Markets

Macrobond, a provider of global economic, aggregate financial and sector data for finance professionals, has teamed up with FactSet to provide top-down researchers with insight into the dynamics of global equity markets.

The company has worked with FactSet to build an aggregate version of the latter’s Quant Factor Library, a point-in-time database of factor insights and consolidated data, including alternative data, from more than 70,000 securities across 127 countries and more than 200 exchanges. The library helps users detect investment themes across global equity markets, incorporate ideas into portfolio construction processes and transform raw data into actionable intelligence.

The new dataset, which combines FactSet’s deep insights into individual stocks with Macrobond’s platform for top-down analysis, allows users to efficiently form an aggregate view of the market by index, sector, country and other categories. As well as standard metrics such as earnings yields and EPS estimates, it includes a broad range of data such as ownership and corporate governance – including the number of women on boards, executive remuneration and stock buybacks – enabling researchers to explore pertinent themes.

Moody’s Acquires Climate and Natural Disaster Risk Modelling Specialist RMS

Moody’s Corporation has completed the acquisition of RMS, a global provider of climate and natural disaster risk modeling and analytics. The acquisition expands Moody’s insurance data and analytics business, and accelerates the development of the company’s global integrated risk capabilities to address the next generation of risk assessment.

Tikehau Capital Selects NeoXam DataHub for Transformation Programme

NeoXam’s DataHub platform has been selected by global alternative asset management group Tikehau Capital to support an IT and operational transformation programme across its global multi-fund business. The NeoXam solution will act as a central repository for Tikehau Capital, creating a single point of truth for securities, business entities, indices and benchmarks, and portfolios. NeoXam DataHub allows Tikehau Capital to consolidate a number of in-house developed data management systems into one ‘best of breed’ solution that will be used across its different investment hubs.

Push Technology Introduces New Functionality to Diffusion

Data streaming and messaging solutions provider Push Technology, has released version 6.7 of its Diffusion Intelligent Event-Data Platform, which introduces a new personalised client data delivery capability. Diffusion consumes, enriches, and delivers data among applications, systems, and devices. The latest version adds session trees to the data wrangling capabilities, enabling users to tailor applications to meet security, optimisation, personalisation, and localisation requirements specific to a client or group of clients. Also new is a CDC Adapter, allowing connecting to a wider range of data sources with real-time streaming, and Topic Views for enhanced data transformation.

HDFC Bank Gears Up for Transition to Risk-Free Rates with Bloomberg’s Multi-Asset Risk System

India’s HDFC Bank has adopted Bloomberg’s Multi-Asset Risk System (MARS) as part of its preparations for the transition to risk-free rates (RFRs). HDFC Bank will integrate the Bloomberg MARS Front Office and MARS Valuations solutions to calculate interest using the new ‘One Day effective rate’ and pass on entries into its core banking system, enabling transition to the new RFR regime as the December 2021 deadline for the discontinuation of LIBOR approaches. The implementation will allow HDFC Bank to address operational challenges with tools that are adapted to the new alternative rates, taking into account local jurisdictions, overnight rates, and a combination of holiday calendars and new conventions of lookback and observation shifts.

Equiduct Implements big xyt Liquidity Cockpit for Data Analytics

Equiduct, a European trading venue for equities and ETFs, has implemented Liquidity Cockpit, the flagship product for security analytics from data and analytics solutions provider big xyt, to provide independent data analytics to enhance the exchange’s market quality and performance reporting. Liquidity Cockpit will be used to gain new insights into the pan-European liquidity landscape and the quality of execution achieved via Equiduct’s Apex service, by providing an independent, consolidated view of trading activity to reflect the ongoing changes of market structure, along with an additional nine customised metrics. The project implementation enables Equiduct to showcase its market model and liquidity, and to monitor the performance of the market.

ICE Adds Weather Forecast Data to Connect Platform

Intercontinental Exchange (ICE) has extended provision of ESG data with the release of weather forecast data on its ICE Connect platform. ICE Connect users can connect streaming weather data to streaming tick information, making it easier to see how changing weather forecasts influence live market prices. All weather forecasts are archived and weather observations extend back 40 years for all forecast variables across locations. The factors include temperature, precipitation, visibility, wind and solar radiation, all of which have potential to influence the price of energy, agriculture and other weather-sensitive instruments.

SimCorp Adds Qontigo Portfolio Optimisation to Open Platform

SimCorp has partnered Qontigo, a provider of analytics and indices and part of the Deutsche Börse Group, to offer its clients a fully managed portfolio optimisation, risk management and modelling service within SimCorp Dimension. The partnership is one of many SimCorp is making to complement its own front office suite with a choice of tools for alpha generation and decision making. It is also part of SimCorp’s Open Platform that hosts numerous solutions and offers managed integration and connectivity services.

SIX Digital Exchange Receives FINMA Regulatory Approval

Swiss exchange operator’s new SIX Digital Exchange (SDX), billed as the world’s first regulated digital market infrastructure, has received formal approval from FINMA, the Swiss Financial Market Supervisory Authority, to operate a stock exchange and a central securities depository for digital assets in Switzerland. The FINMA authorisation will allow SDX to go live with a fully regulated, integrated trading, settlement, and custody infrastructure for digital securities, based on distributed ledger technology. This regulatory approval is the latest milestone in SDX’s plans to create a global liquidity network for digital assets for banks, issuers, insurance firms, institutional investors and other global and financial players.

Overbond Launches AI-Driven Fixed Income Model for Rich-Cheap Analysis

Fixed-income solutions vendor Overbond has launched an AI-driven rich-cheap model to its suite of fixed income analytics, designed to provide buy-side fixed income desks with a quantitative method for extracting alpha, by screening for mispriced fixed income securities. Combining both static and dynamic analysis of multiple factors with AI, Overbond’s rich-cheap model utilises mean-reversion valuation, designed to pre-identify bonds as rich ‘sell’ and cheap ‘purchase’ candidates, based on proprietary Overbond valuation metrics and AI non-linear optimization. The rich-cheap model is offered as an add-on to Overbond’s COBI-Pricing LIVE, which covers fixed income prices, liquidity scores and trading recommendations.