Baader Bank Takes Bloomberg ESG Data Feed for SFDR Reporting

Germany’s Baader Bank has added Bloomberg’s ESG data to its feeds as it builds out its Sustainable Finance Disclosure Regulation (SFDR) reporting capabilities in Europe.

The bank, which also provides outsourced management for many investment firms’ funds, adds the feed to its array of Bloomberg products, which include the Terminal and B-PIPE.

Bloomberg’s SFDR data, which is accessible via its ESGD function, provides information on more than 16,000 companies and enables the mapping of reported ESG data to PAI indicators.

Spanish Insurer MAPFRE Links into Aladdin for Asset Management

Insurer MAPFRE’s asset management business has become the first Spanish company of its kind to sign into BlackRock’s Alladin investment management platform.

MAPFRE AM will oversee the management of its US$60 billion portfolio of public and private assets on the platform.

“The adoption of Aladdin will help us unify all of our apps and to streamline our investment process, which will in turn accelerate the growth of our company,” said MAPRE AM chief executive Álvaro Anguita. “MAPFRE is active in 25 countries and financial centres in the major markets around the world. In recent years, we’ve boosted our presence in Latin America and strengthened our business in other countries, such as France.”

big xyt Partners with Trackinsight to Revolutionise ETF Data Analytics

big xyt, provider of AI-driven analytics for global financial markets, has formed a strategic partnership with Trackinsight, the ETF data provider. The collaboration merges big xyt’s expertise in secondary market analytics with Trackinsight’s extensive ETF reference data, creating a solution to deliver comprehensive insights into the $14 trillion ETF ecosystem, addressing complexities such as product evolution, regulatory demands, and the need for transparency.

The partnership provides clients with integrated datasets that enhance liquidity analysis, trading efficiency, and cost management. By combining primary and secondary market insights, the collaboration aims to improve decision-making for issuers, investors, and exchanges. Future developments will include advanced tools for global liquidity analysis and peer group benchmarking, empowering issuers to refine product strategies.

Commenting on the partnership, Robin Mess, CEO of big xyt, said: “At big xyt, we pride ourselves on our leadership in market analytics, offering deep insights into liquidity and trading dynamics across global markets. By aligning our expertise with Trackinsight’s exceptional reference and primary market data, we are creating a comprehensive solution that empowers investors, issuers, and intermediaries to navigate the ETF ecosystem with confidence and precision.”

Philippe Malaise, CEO of Trackinsight added: ” This collaboration ensures that market participants can rely on a unified source for understanding ETF performance, liquidity, and trends, driving smarter decisions and greater efficiency in the market.”

Cboe Clear Europe Gains Approval to Launch Clearing Service for European Securities Financing Transactions

Cboe Clear Europe has received regulatory approval from De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM) to clear European Securities Financing Transactions (SFTs). The new service will provide central clearing, settlement, and post-trade lifecycle management for cash equities and ETFs, supporting lenders, including UCITS and non-UCITS participants, and borrowers across 19 European Central Securities Depositories (CSDs).

Aligned with regulations such as EMIR, CSDR, and SFTR, the service is designed to enhance market transparency and efficiency. It replaces the current bilateral model with a centrally cleared structure, reducing risk-weighted asset exposures and enabling capital and operational benefits, such as cross-margining savings and streamlined settlement processes. Leveraging The Bank of New York Mellon and J.P. Morgan as Tri-Party Collateral Agents and Pirum for trade instruction management, Cboe Clear Europe aims to strengthen the competitiveness of European capital markets with the new service.

Vikesh Patel, President of Cboe Clear Europe, commented: “This achievement underscores our dedication to supporting our clients’ evolving needs and contributing to the resilience of financial markets. We greatly appreciate the support of our regulators as we deliver on our commitment to launch innovative services which we believe enhance efficiencies for European market participants and help foster the growth of the region’s capital markets.”

Jan Treuren, Senior Director, Product, Cboe Clear Europe, added: “This service is supported by our best-in-class risk management framework, offering clients the advantage of Cboe Clear Europe’s extensive settlement experience and broad direct connectivity to 19 European CSDs. Initially, the service will cover key European markets, with plans to expand the offering based on client demand and market developments.”

Temenos Harnesses NVIDIA Platform for New GenAI Product

Banking software developer Temenos has created a generative artificial intelligence (GenAI) product to help users of its technology to better manage and utilise unstructured data stored in their systems.

The on-premises product has been built with the NVIDIA accelerated computing platform. Temenos’ proprietary model will sit on the NVIDIA platform, offering users “exceptional speed and precision in delivering AI-driven services”, the company said.

“With the high-performance NVIDIA AI platform, Temenos is helping banks future-proof their operations and elevate the customer experience,” Temenos said.

Marshall Wace Gives Bloomberg a Private Market Boost

Alternatives asset manager Marshall Wace has integrated Bloomberg’s IBVAL Front Office as its default pricing engine, underlining the New York-based data behemoth’s eagerness to play a key role in private as well as public markets.

Artificial intelligence-supported IBVAL Front Office updates prices on dollar, euro and sterling credit markets every 15 seconds. It is available through the Bloomberg Terminal and through the company’s B-PIPE real-time market feed.

The announcement by London-based Marshall Wace, which oversees US$69 billion in assets, is a boost to Bloomberg’s efforts to become a leading player in the private market data space. In recent months it has signalled its eagerness to adapt and repackage tools it has developed for public and OTC markets so that they can be used by private equity and credit investors.

Recently it launched a US Leveraged Loan Index, which covers 1,300 leveraged loans with a market value of US$1.3 trillion.

BondWave Expands Functionality in its Effi Fixed-Income Platform

BondWave, a fixed income-focussed FinTech provider, has updated its Effi data insights platform to add new functionality for US Treasury data, trade analysis reports and other processes.

The enhancements been made to Effi’s Portfolio Analytics and Transaction Analytics tools also enable users to more quickly access a larger pool of account statistics and analyses.

“By expanding our analytics offerings in this latest Effi release, our users will have unique insights at their fingertips to help them make more informed investment decisions and meet their critical regulatory requirements,” said BondWave chief executive Michael Ruvo.

Private Lending Tech and Data Firm Cardo AI Raises $15m

Private credit and asset-based financing (ABF) technology specialist Cardo AI has raised US$15 million in a Series A funding round led by Blackstone Innovations Investments, FINTOP Capital and JAM FINTOP.

The investment will help Milan-based Cardo AI expand its artificial intelligence-supported data and technology offering to markets in the US.

The company said it is dedicated to bringing order to the fragmented and “outdated manual” data and technology processes within the US$40 trillion private lending space.

“Our expansion into the US market, supported by such prestigious institutions, highlights Cardo AI’s ability to deliver powerful technology for the alternative credit industry,” said founder and chief executive Altin Kadareja.

Exegy Expands nxAccess to Cover All Canadian Equity Exchanges

Exegy, the trading technology provider, has expanded its FPGA-based tick-to-trade solution, nxAccess, to include all Canadian equity exchanges. This development enables seamless, ultra-low latency trading across both Canadian and US markets, catering to diverse trading strategies.

The enhanced coverage allows Canadian traders to access both market data and order execution across key venues, including Montréal, Toronto, Chi-X Canada, and others. With ultra-low latency and deterministic trading capabilities, nxAccess empowers firms to optimise their trading strategies while reducing operational complexity.

David Taylor, CEO of Exegy, commented: “By enhancing our ultra-low latency product suite, Exegy reaffirms its leadership in the Canadian market and commitment to supporting clients as they navigate increasingly complex and competitive trading environments. We worked closely with a strategic client to deliver this cutting-edge solution, and it has proven to be a game-changer that can position savvy firms for success in an evolving marketplace.”

OSTTRA and FIS Partner to Enhance Transparency and Efficiency in ETD Post-Trade Processing

OSTTRA, the post-trade solutions vendor, has entered a strategic partnership with FIS to enhance transparency and efficiency in the exchange-traded derivatives (ETD) post-trade lifecycle. The collaboration will provide OSTTRA’s network of investment management clients with real-time clearing status updates from over 70 global CCPs via FIS Connections, improving transparency in give-ups and exception management.

FIS will leverage OSTTRA’s order IDs to automate and streamline allocation processes within its Cleared Derivatives solution. The partnership also supports market participants in adhering to the FIA’s DMIST 30-30-30 standards, advancing timeliness and standardisation in ETD post-trade activities.

Joanna Davies, Managing Director, Head of Trade Processing at OSTTRA, commented: “This collaboration underscores the commitment of both firms to drive innovation that brings value to all parties of an ETD trade. Together with FIS, we are shaping the future of listed derivatives trade processing, providing new levels of transparency across the ETD post-trade lifecycle.”

Andres Choussy, EVP Group President, FIS Trading and Asset Services, said: “At FIS, we’re delighted to collaborate with OSTTRA to help create an extensive network across buy-side and sell-side participants to optimise the exchange-traded derivatives (ETD) post-trade lifecycle. This collaboration is another proof point of our commitment to unlock capital markets technology to the world and sets a new standard for better collaboration and transparency.”