Milestone Group Offers Fair Value Control Solution

Milestone Group, an investment technology specialist recently acquired by BNY, has released a Fair Value Control solution for teams responsible for the administration and compliance of the fair value process, and ensuring funds’ securities are correctly valued in accordance with policy set by governing parties. The solution uses the pControl funds platform and includes workflows providing automation, transparency, and control of the end-to-end fair value determination process. It also unifies stakeholders involved in the process by providing a centralised solution for monitoring, decision-making, and implementation of fair value prices.

BSO Partners with EllaLink to Develop Financial Markets Between Europe and Latin America

Infrastructure & connectivity provider BSO has partnered with EllaLink, the express optical platform between Europe and Latin America, to put in place the necessary ultra-low latency connectivity and infrastructure to enable trading firms from around the world to access B3 and other Latin American markets.

To date, European and Asian firms wanting to trade the Brazilian markets have had to transit through the US. EllaLink’s reduced cross-Atlantic latencies between Europe and Brazil are expected to make previously uneconomic trading strategies more viable.

MarketFactory Partners with Tradefeedr

MarketFactory, part of ION Markets, has established a strategic partnership with Tradefeedr, the independent FX data and analytics provider, to broaden access to trading information for clients of both companies.

By integrating the two platforms, the partnership aims to deliver a seamless trading experience and to enhance transparency and trust levels across the FX market by enabling clients to review their trading markouts, impacts, and spreads directly with liquidity providers, using a common platform and shared data sets. Tradefeedr’s data analytics solution will be available as an add-on to new and existing customers using the MarketFactory service.

Deutsche Boerse Partners with Digital Asset for New Digital Post-trade Platform

Digital Asset and Deutsche Boerse have announced a long-term strategic partnership, to build the exchange’s new fully digital post-trade platform, D7. The new cloud-backed and DLT-ready platform will be designed to cover the entire value chain of issuance, custody, settlement, and asset servicing for digital securities. In the first phase of the project roll-out, Deutsche Boerse is working with Digital Asset to build a central registry system. In subsequent rollouts, D7 will also support same-day-issuance and paperless, automated straight-through processing for certificates and warrants.

New Meritsoft Report Highlights True Costs of Post-Trade Processing

Banks across Europe and North America are spending large sums in post-trade expense fees as a result of inefficient legacy systems, lack of automation, and the inability to persist data through the workflow, new research claims. According to a report on brokerage, clearing, custody and exchange costs from Meritsoft, a subsidiary of Cognizant that specialises in post-trade process automation, trade expenses can reach up to $750 million for the majority of banks surveyed, and have reduced profits by up to 20%. Managing trade expense has now become a priority for nine in ten firms, according to the report, which outlines solutions on how the problems can be addressed.

Turquoise Plato Connects to OpenFin to Improve Buy-Side Workflow

Turquoise Plato, the London Stock Exchange’s non-displayed order book, has connected to OpenFin, the operating system for enterprise productivity, to deliver application interoperability and a more unified desktop experience for buy-side trading desks. With this collaboration, Turquoise on OpenFin will leverage OpenFin’s open architecture to deliver data directly into trader workflows to support liquidity discovery and decision-making processes. FlexTrade Systems will be the first platform to deliver the Turquoise data feed into their EMS via the OpenFin message bus, providing traders with the ability to act on that data, automate processes and take advantage of emerging liquidity opportunities.

Indosuez Wealth Management Chooses ICE for Pre-Trade Analytics and Data

Indosuez Wealth Management, the global wealth management brand of Crédit Agricole group, has chosen pre-trade analytics and data from Intercontinental Exchange (ICE) to enhance its portfolio and margin optimization. ICE’s derivatives valuation and analytics services, which include access to pricing and analytics solutions for structured products and OTC positions, will give Indosuez’s capital markets sales team the ability to more concisely measure risk for their customers. Indosuez will also have access to ICE’s derivatives portfolio analytics application, which analyses holdings at both a single security and portfolio level, with data and analytics covering multiple asset classes.

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.