Alveo Expands Data Coverage with New Content from SIX

Alveo, the cloud-based market data, analytics and Data-as-a-Service (DaaS) solutions provider, has expanded its global data coverage and feed integrations by adding new content from SIX, including sentiment indicators, tax, and regulatory risk data.

By directly integrated the new content into is DaaS offerings to support critical customer workflows and databases, Alveo aims to help customers self-serve and quickly realise the value of SIX data sets, including its global security master and historical pricing data already available via Alveo.

HK Companies Urged to Prepare for TCFD, ISSB Reporting Rules

Listed companies in Hong Kong should start planning and installing the technology and data provisions to meet more stringent disclosure rules, the city’s Stock Exchange has said. The HKSE is in the process of formulating reporting rules in line with the Taskforce on Climate-related Financial Disclosures (TCFD) and International Sustainability Standards Board (ISSB) frameworks.

Fitch ESG Unit Expand Ratings on Covered and Structured Bonds

Sustainable Fitch has begun providing ESG ratings for labelled structured and covered bonds with an issuance value of US$100 billion. The metrics are the latest additions to Fitch Sustainable’s ESG Ratings, Data and Analysis unit, which has been offering data on $500bn of labelled and KPI-linked debt.

FCA Urges Refocus of Diversity Data, Reveals ESG Ratings Code Plan

The UK’s financial overseer has urged firms to review their use of data to improve their diversity and inclusion performance. Sheldon Mills, the Financial Conduct Authority’s (FCA) executive director for consumers and competition said firms are focusing too closely on gender and diversity, rather than socio-economic data. The call follows the FCA’s announcement that it would form a code of conduct for ESG ratings firms.

DTCC Launches Report Hub Service

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure organisation, has launched DTCC Report Hub’s assisted reporting model, allowing sell-side firms to help their buy-side clients manage the complexities of meeting multiple regulatory reporting mandates across jurisdictions and asset classes.

The solution enables sell-side firm to submit trade details for their underlying clients, who can also add supplemental data directly into Report Hub, which then performs reporting eligibility checks across jurisdictional requirements and transmits the trade data for automatic reporting via an authorized trade repository.

Santander Bank Polska Deploys Horizon for Market Making on Global Connect

Horizon Software, the electronic trading solutions provider, is extending its partnership with Santander by supporting Santander Brokerage Poland, a part of Santander Bank Polska, to introduce market makers onto Global Connect, the new equity market recently launched by the Warsaw Stock Exchange, with Horizon’s Platform for Market Making, connecting to the Warsaw Stock Exchange.

Rate of Annual Sanctions Growth Nears 15%, According to Refinitiv Report

The Russia-Ukraine war has caused rapid sanctions inflation since March in several autonomous sanctions programs, contributing to a sanctions inflation rate of 14.6% year on year, according to London Stock Exchange Group’s Refinitiv Global Sanctions Index (GSI).

Refinitiv’s annual GSI white paper, the second edition of which was released last week, measures and analyses rising hyperinflation of autonomously issued sanctions programmes. The rapid inflation since March marks what Refinitiv describes as a major shift in the volumes of sanctions autonomously issued by national governments or regional bodies. The once-prevalent consensus-based sanctions mechanisms created under the aegis of the UN are an increasingly minor component of the GSI, representing just 2% of overall sanctions.

Companies Linked to Climate Risk Surges in Two Years, Says RepRisk

The percentage of companies whose business is at risk of climate impacts has risen 70 per cent in two years, according to technology provider RepRisk, which uses a variety of geolocated datasets to establish ESG hotspots around the world. Of those, 80 per cent were private companies. The number of companies at risk is now 2,200, 1,500 of which are private, RepRisk said.

ICE Service Enables Disclosure According to TCFD Framework

Intercontinental Exchange (ICE) has unveiled a tool that helps its financial institution clients disclose their sustainability performance in line with Taskforce for Climate-related Financial Disclosures (TCFD). The new service pulls in ICE’s climate transition data and analytics, corporate-entity and green bond data.

Proprietary Trading Firms Plan to Increase Tech Spending in 2023, says Industry Report

Proprietary trading firms are increasing their technology budgets in anticipation of another strong year of trading in 2023, according to the latest Acuiti Proprietary Trading Management Insight Report, produced in partnership with Avelacom

The report surveyed over 100 senior proprietary trading executives from across the globe and found that 68% were planning above average technology budgets in 2023. Reflecting the importance of speed in times of volatile market conditions and droughts of liquidity, their stated focus areas will be improving latency, as well as connectivity to new markets.