ED&F Man Deploys TS Imagine for Risk and Margin Management

ED&F Man Capital Markets has deployed TS Imagine’s real-time risk, compliance and margin platform, to manage initial and variation margin risk for SPAN and VaR based methodologies across its futures and options trading and clearing business, replacing its legacy systems with TS Imagine’s fully-hosted, SaaS solution for high-volume, real-time analytics on cross-asset exchange-based and OTC trading. The platform is now live, and since deploying the platform, which displays risk, profit/loss and margin analytics side-by-side, ED&F Man has already seen improvements to data management, aggregation and reporting capabilities, according to the company. TS Imagine was formed earlier this year with the merger of TradingScreen and Imagine Software.

Supply Chain ESG Solution Launched by Sustainalytics

Sustainalytics has created Corporate Supply Chain ESG Solutions, a service that will enable clients to gauge the sustainability of companies in their supply chains. The Morningstar unit said the offering would help many industries assess, report and mitigate their ESG risks. The product is delivered through Sustainlytics’ ESG Assessment Platform and draws on the Amsterdam-based company’s huge data pools and its ESG Risk Ratings product.

APAA ESG Risk Guide Stops Short of Mandatory Disclosures

The Australian Prudential Regulatory Authority has become the latest overseer to issue a guidance on banks’ management of climate risks in their portfolios. While its latest guidance offers advice on how institutions should approach the issue, it does not advocate mandatory ESG disclosures. Instead, the regulator said lenders should consider whether other “voluntary disclosures could be beneficial in enhancing transparency and giving confidence to the wider market”.

Banks, Institutions Back ESG Book’s Free Data Project

An alliance of global banks, institutions and investors has launched ESG Book, a free source of information that its creators say will make sustainability data a public good. Companies will be able to freely access the data lake to help them report on their own ESG records and financial institutions will be able to use it to gauge the sustainability of their portfolios. ESG Book will be hosted on a platform built by Frankfurt-based data vendor Arabesque. We’ll be following up with more details on this one soon!

Aztec Group Selects Fenergo Client Lifecycle Management Solution

Aztec Group, a specialist in alternative asset classes, has selected Fenergo’s cloud-native Software-as-a-Service client lifecycle management solution to digitalise client and investor journeys. The solution will be rolled out to replace legacy systems for onboarding and compliance as Aztec Group works towards digital transformation. The Fenergo offering is a fully managed, multi-tenant, API-first platform designed to digitalise the lifecycle process while giving clients self-service access to upload data and documentation through an easy-to-use portal.

Finastra Adds €STR, TONAR and SORA Rates to Fusion LIBOR Transition Calculator

Finastra has introduced additional Alternative Reference Rates (ARR) and Risk-Free Rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates and borrowers to calculate ARR in preparation for the end of the majority of LIBOR rates on December 31, 2021. In addition to SOFR for the US dollar and SONIA for pounds sterling, the calculator service now incorporates ARR rates €STR for the euro and TONAR for the Japanese yen, and the RFR rate SORA for the Singapore dollar.

The calculator service is available through Finastra’s FusionFabric.cloud open innovation platform and can be integrated with a bank’s existing lending systems. The use of Open APIs facilitates integration with legacy systems that have not been prepared for the LIBOR transition and are unable to perform complex ARR calculations. The Finastra calculated ARR rates can be directly consumed by these legacy applications, avoiding the need for complex and costly system changes.

Railpen Chooses FINBOURNE LUSID to Provide IBOR

Railpen, a large UK pension fund, has chosen FINBOURNE’s cloud-based investment data management platform LUSID as its Investment Book of Record (IBOR). The decision forms a pillar in Railpen’s data management strategy as it continues to enrich in-house operations, adding new and future-proof capabilities across the middle and back office. Railpen made a market review for an independent IBOR that could open access to data across the organisation before selecting the LUSID platform as its auditable, real-time, investment data repository. LUSID will support Railpen’s multi-asset portfolios with standardised data and a timely, aggregated view of positions and exposure.

Finastra Adds €STR, TONAR and SORA Rates to Fusion LIBOR Transition Calculator

Finastra has introduced additional Alternative Reference Rates (ARR) and Risk-Free Rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates and borrowers to calculate ARR in preparation for the end of the majority of LIBOR rates on December 31, 2021. In addition to SOFR for the US dollar and SONIA for pounds sterling, the calculator service now incorporates ARR rates €STR for the euro and TONAR for the Japanese yen, and the RFR rate SORA for the Singapore dollar.

The calculator service is available through Finastra’s FusionFabric.cloud open innovation platform and can be integrated with a bank’s existing lending systems. The use of Open APIs facilitates integration with legacy systems that have not been prepared for the LIBOR transition and are unable to perform complex ARR calculations. The Finastra calculated ARR rates can be directly consumed by these legacy applications, avoiding the need for complex and costly system changes.

BMLL Launches Level 3 Futures Data Service

Data and analytics vendor BMLL has expanded its Level 3 data set with full-depth order book data from CME, Eurex and ICE. The service covers all major futures asset classes, including equities, fixed income, short-term interest rates, commodities, cryptocurrencies and FX. The new data sets will provide clients with the ability to do complex, Level 3 Data analysis at scale across venues and markets, according to the company. With the harmonised data and the BMLL Data Lab, clients can look at multiple years of trading history on CME, Eurex and ICE in a consistent format, to enable rapid testing of trading strategies.

Morningstar Embeds Sustainalystics’ Country Risk Data in its MSR

Financial research provider Morningstar has incorporated Sustainalytics’ country risk ratings to its own Morningstar Sustainability Rating (MSR) product. The data field will be added to the MSR, which offers intelligence on 85,000 fund worldwide. The service is accessible to investors on Morningstar’s website, Morningstar Direct and Morningstar Advisor Workstation. The Canadian company said the new embedded content would be especially useful for assessing the ESG risks of corporate and sovereign fixed-income instruments.