CJC and Calero Strengthen Partnership to Enhance Technology Expense Management Solutions

Market data technology consultancy CJC has strengthened its collaboration with Calero, a global provider of technology expense management solutions. The enhanced partnership follows several mutual clients making use of CJC’s vendor-neutral expertise for consulting and integrating with Calero’s Market Data Management (MDM) solution. Services involved include data discovery, licensing management, telecom expense management, and cloud-based connectivity to third parties.

The expanded relationship has led to greater client uptake of Calero’s Index License Management (ILM) and Telecom Expense Management (TEM) products, utilising CJC’s consulting expertise to optimise these solutions.

WFE Research Explores Traditional Exchanges’ Engagement with Crypto Markets

The World Federation of Exchanges (WFE) has released the first part of a research project focusing on the interaction between traditional exchanges and crypto markets. The paper aims to shed light on the benefits and risks of crypto market infrastructures and how they operate. It explores how regulated exchanges are adapting to the emergence of crypto technologies by either establishing regulated crypto-trading platforms or offering crypto-related services.

The study highlights the risks associated with unregulated crypto-trading platforms, such as the potential for illegal financial activities and the implications for market integrity and investor protection. It also examines the impact of decentralised and centralised crypto platforms on aspects like liquidity, price discovery, and regulatory concerns, including anti-money laundering and investor protection.

Maybank Sekuritas Deploys Horizon’s Warrant Market Making Platform in Indonesia

Horizon Software has announced that Maybank Sekuritas, a financial services company, has started using Horizon’s platform for Warrant Market Making in Indonesia. The platform aims to improve the trading experience by combining advanced technology with market expertise, offering features like seamless execution, comprehensive risk management, and real-time market monitoring.

Maybank Sekuritas has so far introduced 30 structured warrants on the platform.

KX Adds kdb Insights and kdb Insights Enterprise to Google Cloud Marketplace

KX, a providers of vector and time-series data management, has announced the native availability of kdb Insights and kdb Insights Enterprise on Google Cloud Marketplace. This is a significant milestone in KX’s partnership with Google Cloud and will allow customers to accelerate AI, machine learning, IoT automation, and generative AI-powered applications on Google Cloud.

Ashok Reddy, CEO at KX, says: “Combining our real time analytics and our vector database with the elasticity and scalability of Google Cloud infrastructure will help enterprises rapidly accelerate their journey towards more real time and effective business decision making.”

SDX Adopts Digital Token Identifier

SIX Digital Exchange (SDX) had become the first private distributed ledger technology (DLT) based financial market infrastructure to adopt the Digital Token Identifier Foundation’s ISO 24165 Digital Token Identifier (DTI) standard. The DTI standard provides a unique identifier for digital ledgers, tokens, and cryptocurrencies, and has been recommended by ESMA as a risk management measure for the EU’s DLT Pilot programme.

ESG Book Chosen to Support Data Project in Asia

ESG Book will provide data to an Asian-based project to address gaps in the sustainability data record. ESG Book, a open data initiative led by vendor Arabesque and backed by a dozen major banks, will be among providers of information to the Sustainable Finance Institute Asia’s (SFIA) Single Access Point for ESG Data (SAFE) initiative. ASIA is a collaboration between multiple stakeholders in the Asia Pacific region.

MSCI and Google to Harness Generative AI in ESG Data Offering

MSCI and Google Cloud are to jointly create generative AI solutions in an expansion of a collaborative effort to build a data marketplace for ESG investors. MSCI intends to offer the technology driven by Google Cloud’s Vertex AI, along with its climate tools BigQuery Geospatial and Earth Engine.

Tradeweb Completes A$125 Million Acquisition of Australian Trading Platform Yieldbroker

Tradeweb Markets Inc., the global operator of electronic marketplaces for rates, credit, equities and money markets, has finalised its A$125 million all-cash acquisition of Yieldbroker, an Australian trading platform specialising in government bonds and interest rate derivatives for Australia and New Zealand.

Both companies were early pioneers in bringing technology to fixed income markets. The acquisition will provide Yieldbroker’s clients access to Tradeweb’s broader global marketplace and advanced technology, while Tradeweb’s clients will gain entry into the expanding bond and derivatives markets in Australia and New Zealand.

DMALINK Surpasses Funding Target, Bolstered by Bank Partnerships

UK-based institutional trading platform DMALINK has exceeded its funding goal of £425,000 on Seedrs, achieving a pre-money valuation of £17.3 million. The platform, which focuses on FX and crypto trading, has previously raised funds on Seedrs and is in partnership with several banks including Credit Agricole, Nomura, and Danske Bank.

DMALINK generates revenue through transaction fees and a subscription-based real-time market data service, offering “favourable trading conditions” by avoiding monthly terminal or integration fees.

IPC and Celoxica Deliver Connectivity & Risk Management to Tier 1 Investment Bank in Taiwan

IPC has teamed up with Celoxica to provide a Tier 1 Investment Bank in Taiwan with a fully managed colocation solution that improves Direct Market Access (DMA) and pre-trade risk management. The service uses IPC’s Connexus platform and is hosted in the CHT data centre. It promises more efficient market access and reduced trading latency in Taiwanese financial markets.

The collaboration integrates Connexus with Celoxica’s Market Access Gateway (MAG) platform, which supports trading across multiple asset classes, with ultra-low latency pre-trade risk management. The Investment Bank also gains cost efficiencies by moving from a capital to an operational expenditure model.