Horizon Software Launches Composite Spreader to Automate Spread Execution

Electronic trading solutions vendor Horizon Software has launched a purpose-built Composite Spreader as part of its broader OMS roadmap, to automate the execution of multi-leg spreads. The product, which is now live and can be integrated with Horizon’s algo framework, provides clients with a user interface to define synthetic multi-leg spreads with a set of trading paramaters, which can then be executed automatically.

Horizon leveraged its proven algo technology and expertise in high frequency trading to develop the Composite Spreader, which is designed to respond rapidly to market movements, and comes with advanced safety features in case liquidity cannot be sourced.

McKay Brothers Launches Low-Latency Connectivity Between Chicago Hub and Asian Centres

Low-latency wireless networking specialist McKay Brothers International is now offering private bandwidth between the Chicago exchange data centre hub in Aurora, Illinois, and major trading venues in Asia, expanding the global reach of its low-latency connectivity services. End points McKay offers in Asia include Tokyo, Hong Kong, Singapore and Shanghai. For ultra-low latency circuits, the company is leveraging its wireless expertise in combination with fibre wherever possible.

The company’s first hybrid wireless/fiber network in Asia – between Tokyo and Singapore – opened in 2016. Last year, McKay launched what it claimed to be the fastest link between Illinois and Busan, Korea, and has since expanded to offer connectivity to Hong Kong and Shanghai.

DSB Opens Industry Consultation on 2022 ISIN and CFI Service Provision

The Derivatives Service Bureau (DSB) has opened its 2021 industry consultation on 2022 OTC ISIN and CFI service provision. The consultation paper that will shape DSB activity for 2022 is published on the organisation’s website. Industry will be able to respond until 5pm UTC on Monday 31st May, with final results of the consultation delivered on Thursday 1st July. The consultation covers topics including cloud resilience, cybersecurity, enhanced supplier risk assessment, and the DSB technology stack.

Etrading Calls for Standards Experts to Join Digital Token Identifier Advisory Committee

Etrading Software, the exclusive registration authority for the ISO standard for digital token identifiers (DTIs), is calling for industry participants to join its product advisory committee – the application deadline is May 17, 2021. The scope of work includes providing advice on the use of DTIs and the issuance process for the identifiers, as well as advising Etrading on future product enhancements. Etrading states: “We are looking for participants who have expertise in standards, and who appreciate the unique considerations digital assets require when creating effective identifiers.”

Equiduct Partners EOSE to Explore New Data Products

Equiduct, a retail focused pan-European exchange, has partnered EOSE, a market data specialist, to strengthen distribution of its market data products that offer a real-time view of pre-trade and post-trade data. EOSE will provide Equiduct with a team of data sales and business development professionals, allowing Equiduct to concentrate on developing core business strategies, while exploring new data products and routes to market. Equiduct says the partnership provides resource to drive growth and innovation in market data products, while ensuring it remains focused on delivering solutions to enhance the trading experience for its clients and end investors in Europe.

CNP Assurances Group Selects NeoXam to Streamline Data Management

CNP Assurances Group has selected NeoXam’s DataHub to house all its pricing and reference data on a single platform. The group wanted a centralised platform to shorten the time needed for data management processes that were previously handled manually. By providing increased visibility into data underpinning all investible assets, DataHub supports the group’s UChange programme, which aims to develop data optimisation, security and innovation. 

Colombia Pension Fund Selects Charles River Investment Management Solution

Colfondos Pensiones y Cesantías, one of Colombia’s largest pension funds, has selected the cloud-based Charles River Investment Management Solution to manage its domestic and global equity and fixed income portfolios on a consolidated front and middle office platform. The Charles River solution allows Colfondos to meet the demands of its investment process and automate support across asset classes for the geographies it invests in. It also allows the firm to enter new markets in Chile and Peru at enterprise scale by leveraging Charles River’s open architecture platform and interoperability with an ecosystem of liquidity, data and regulatory reporting providers.

Moody’s Completes Acquisition of Credit Data Provider Cortera

Moody’s has completed its acquisition of Cortera, a provider of North American credit data and workflow solutions. The acquisition enhances the company’s risk assessment capabilities and extends its coverage in the small and medium enterprise segment. Cortera also augments Moody’s Orbis database of private company information – acquired along with Bureau van Dijk in 2017 – and enhances its KYC, commercial lending, and supply chain solutions.

GLEIF Collaborates to Accelerate Use of LEIs in Digital Certificates

The Global Legal Entity Identifier Foundation (GLEIF) has collaborated with Certification Authorities (CAs) and Trust Service Providers (TSPs) to extend use of LEIs beyond financial markets in digital certificates. A CA Stakeholder Group is supporting communication between GLEIF, CAs and TSPs as they collectively aim to coordinate and encourage a global approach to LEI usage across digital identity products. Participation has already been confirmed by China Financial Certification Authority (CFCA), DigiCert, InfoCert, Entrust Datacard, ICAI India, and SwissSign. The collaboration follows ISO’s standardisation of the process of embedding LEIs in digital certificates last year.

Refinitiv Highlights 2021 ESG Trends

Refinitiv has released its 2021 ESG Playbook: Stability and sustainability in the investment community. The annual publication explores ESG trends for the year based on conversations with 24 industry leaders. Topics featured include the development trajectory for the ESG investing industry and sustainable finance as a whole, regulatory changes, transparency in ESG reporting, quality of data, and emerging technologies.