Etrading Goes Live with Digital Token Identifier Registry

Etrading Software, acting as the exclusive registration authority for the ISO standard for Digital Token Identifiers (DTIs), has gone live with the DTI Registry that will assign the identifiers. Etrading’s Digital Token Identifier Foundation (DTIF), a non-profit division of the company, is responsible for the DTI Registry and will provide golden source reference data for the unique identification of digital tokens based on ISO’s new standard for digital assets, ISO 24165. The DTI Registry has been launched ahead of the ISO standard, which is scheduled to be published in Q3 2021, to meet industry and regulatory need.

MEMX Selects Beeks for Latency Monitoring of New Exchange

Members Exchange (MEMX), an emerging US equities exchange, has selected Beeks, a UK-based trading connectivity and infrastructure specialist, for latency monitoring, following a competitive review of packet capture, latency and analytics solutions. As a new technology-driven stock exchange, MEMX had no legacy systems to integrate and no pre-conceived bias towards any particular solution. During the assessment and evaluation phase, MEMX focused on two key areas; high fidelity data capture and the ability to provide insights regarding functions critical to their technology stack.

The Beeks solution will allow MEMX to handle expected data rates, including microbursts, with scale to support the exchange’s growth projections. The solution enables MEMX to capture traffic on its systems with zero data loss, and provides analysis tools that support the exchange’s core engineering effort to achieve a fast, deterministic and fair experience for its clients. The ability to deploy on its own hardware will allow MEMX to manage the architecture and scale the solution to meet its performance and capacity objectives.

GroupAma Successfully Executes First Trade on Wave Lab’s eLISA OEMS

Credit execution solution startup Wave Labs has successfully executed the first live trade on eLISA, its Electronic Liquidity Seeking Application, with Groupama Asset Management, in coordination with Bank of America Merrill Lynch and Morgan Stanley.

eLiSA is a fixed income order and execution management system (OEMS) that aims to empower true holders of fixed income liquidity to transition from an intermediary-driven to a liquidity-driven market structure. It utilises cloud-based APIs to route orders and complete trades, while also offering pre- and post-trade analytics. The trading exercise with GroupAma AM was conducted as part Wave Labs’ production readiness process for eLISA, with several more validation points scheduled for the next few months with other major buy-side firms.

Gresham Completes $38.6 Million Acquisition of Electra

Gresham Technologies has closed the acquisition of Electra Information Systems, reinforcing its market position in reconciliation solutions for financial markets and strengthening its expanding operations in North America. Electra is a provider of post-trade automation solutions, with a focus on improving efficiency and mitigating risk for buy-side participants. The investment follows Gresham’s acquisition of Inforalgo Information Technologies in July 2020, and creates a combined business providing data aggregation, control and reconciliation solutions, and supporting 270 customers worldwide.

Deutsche Bank Establishes ESG Centre of Excellence in Singapore

Deutsche Bank has set up an ESG centre of excellence in Singapore. Its activities include a focus on ESG transactions across all business divisions, including its investment bank, corporate bank, international private bank and asset management. It will also consider innovation at the nexus of ESG and fintech to develop new products addressing gaps in the ESG market, such as impact monitoring, data management, and payments to un-banked communities. Kamran Khan, Deutsche Bank head of ESG for Asia Pacific will lead a sizeable team at the centre.

Pico Creates Chinese Entity in Shanghai to Strengthen Its APAC Presence

Trading technology provider Pico has extended the reach of its global offering with the formation of a wholly foreign-owned enterprise (WFOE) in China, British Commercial Pico (Shanghai) Information Technology Co., Ltd.

Located within proximity to the Shanghai Stock Exchange (SSE) data centre, and supported by local engineering and data centre management expertise, the new enterprise will initially provide proximity hosting and fulfilment services in Shanghai and Shenzhen for non-exchange members looking to access the Chinese market, as well as market data via its colocation facility in the Hong Kong Exchanges & Clearing (HKEX) data centre.

This marks the latest chapter of Pico’s growth in the APAC region, following new colocations in Taiwan and the Republic of Korea in 2020, and further expansion in Japan, where the company now offers ultra-low latency access to the Japanese stock exchanges’ JPX colocation ecosystem. Pico has also added market data from the Shanghai and Shenzhen stock exchanges to its market coverage.

MasterLink Selects SIGTech to Drive Systematic Trading in US, Asian Equities

MasterLink Securities, one of Taiwan’s two leading securities dealers, has selected quant trading platform SIGTech to accelerate research and trading for its North American and Asian equities business. SIGTech will facilitate the onboarding and normalising of new datasets to help build and launch new systematic trading strategies for the firm.

Launched in 2019, SIGTech is now used by fund managers with a combined AUM of $373 billion. MasterLink cited the ability to respond more quickly to changing market dynamics as one of the main reasons it chose SIGTech, and completed its integration in less than two weeks, enabling portfolio managers to begin researching and backtesting new strategies within days.

KeyBank Goes Live with SmartStream’s Cloud Collateral Management Solution

US-based KeyBank has deployed transaction management solutions vendor SmartStream Technologies’ TLM Collateral Management OnDemand solution to handle margining for its cleared and non-cleared OTC derivatives, repos and securities lending business.

The cloud-based solution is now live and is helping to streamline efficiencies within KeyBank’s collateral management operations, handling data capture, validation, calculation and processing. The use of APIs links the application to other reporting solutions and downstream systems, and a management dashboard provides trend analysis and decision-making capabilities, enabling the bank to further improve and automate operational and credit risk strategies, and reduce internal infrastructure and support costs.

Broadridge Leverages Amazon Managed Blockchain for Private Market Hub Platform

Broadridge Financial Solutions, collaborating with Amazon Web Services (AWS), has launched the latest evolution of its Private Market Hub platform, in what the company claims to be the industry’s first deployment of blockchain technology for the private equity market.

Broadridge Private Market Hub is a global, multi-jurisdictional and cloud-native platform for private equity workflow that serves as a central hub for internal and external communication, reporting, data visualization and auditability.

By replacing multiple systems and manual processes with a distributed ledger utilising Amazon Managed Blockchain, all participants will have real-time access to transparent and accurate data – a single, golden source of truth that will facilitate greater visibility and trust, according to the company.

Opensee Extends Reach with Office in New York

Opensee, a provider of self-service big data analytics for business users, has opened a US office, adding to headquarters in Paris and a location in London. The company says all its clients have a US presence and many of its executives previously worked in New York, making a third office a natural step. In the US, Opensee will join the fintech community at Rise by Barclays, New York in the centre of the Flatiron district, and will be overseen by US country manager Xavier Menchez, who joined the company at the start of 2021.