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The knowledge platform for the financial technology industry

A-Team Insight Brief

TMX Group and Clearstream Go Live with Tri-Party Transactions on Canadian Collateral Management Service

TMX Group Limited and Clearstream Banking S.A. have jointly launched the Canadian Collateral Management Service (CCMS), introducing the first domestic tri-party repo capabilities in Canada. The service, aimed at optimising securities finance activities and increasing market liquidity, has already seen participation from major Canadian banks including BMO, CIBC, RBC, Scotiabank, and TD, marking the commencement of tri-party repo transactions in the country.

The CCMS will address various market challenges by automating the repo trade lifecycle and enhancing collateral management, with plans to expand services including corporate cash tri-party repo and securities lending, alongside the increased use of equities as collateral.

Kaiko Partners with DataBP to Enhance Data Licensing and Sales Automation

Cryptocurrency data provider Kaiko has integrated with DataBP’s data licensing management platform, aiming to enhance its sales, billing, and entitlement processes. This collaboration promises to streamline Kaiko’s global operations by employing DataBP’s SaaS platform and Salesforce.com API, which will automate the creation of custom data licensing agreements, data access entitlements, and customer billing. The integration also includes DataBP’s Licensing Ledger, which records licensing changes, data usage, and billing history.

The partnership aims to benefit Kaiko’s clients by simplifying the licensing process and providing access to detailed licensing and usage metrics through a unified portal. The move will also ensure compliance with SOC2T2 standards, positioning the company to better meet regulatory demands and maintain trust in the rapidly evolving cryptocurrency industry.

ZERO13 Collaborates with Industry Leaders to Launch First Digital Carbon Credit Platform for Renewable Energy

ZERO13, the GMEX Group company operating a carbon exchange, registry and aggregation hub ecosystem, has partnered with Decarb.earth, CarbonCX, and XTCC to introduce a digital platform for end-to-end digitally measured, reported and verified carbon credit distribution, trading, and settlement for renewable energy projects

ZERO13 is a cloud-native, infrastructure-agnostic, decentralised platform that streamlines workflows across various exchanges, participants, custodians, registries, and climate fintech services, integrating digital monitoring, reporting, and verification to provide real-time checks on carbon offset supplies and project provenance. It supports end-to-end distribution across diverse blockchains and APIs, facilitating effective trading and settlement, and overcoming the limitations of the traditional voluntary carbon market (VCM).

Pico Launches Corvil Analytics 10.0, Enhancing Financial Trading with AI and Machine Learning

Pico has released Corvil Analytics 10.0, a significant upgrade that incorporates advanced machine learning (ML) and artificial intelligence (AI) to improve financial trading infrastructure. The software now features proactive notifications and natural language event descriptions, enabling users to identify and understand performance-impacting and unusual events critical for trading outcomes.

The latest version leverages proprietary ML and AI research to tackle unique challenges in data patterns and analytics volume, automatically detecting, correlating, and narrating significant events affecting business operations. This functionality allows Corvil Analytics to scale up to 7.5 million data points daily, supporting extensive data analysis and operational needs in demanding financial environments.

Trading Technologies Launches TT Splicer for Enhanced Multi-Leg Spread Trading

Trading Technologies (TT) has unveiled TT Splicer, an addition to its suite of TT Premium Order Types, designed to facilitate synthetic multi-leg spread trading. The tool allows users to create and manage synthetic multi-leg instruments across any exchange, even those where such products are not listed. Through the integration with TT’s proprietary algorithms, TT Splicer offers seamless order execution, real-time tracking of all transactions, and dynamic risk management through custom ratios.

TT Splicer leverages TT’s Autospreader to coordinate trade legs across co-located servers, seamlessly managing order execution. TT Premium Order Types are execution algos driven by quantitative modelling, fully integrated with the TT platform.

Liquidnet Launches SuperBlock Matching to Enhance Equities Trading

Liquidnet, the tech-driven agency execution specialist, today launched SuperBlock Matching as part of its new equities SuperBlock initiative. The functionality allows traders to easily signal and participate in large or illiquid block trades through a simple, one-click interface. Tailored to various market sizes and stock market capitalisations, SuperBlock Matching focuses on facilitating the most complex executions and orders

The launch signifies a strategic expansion of Liquidnet’s equities services, drawing on its global buy-side network and block trade facilitation expertise. SuperBlock Matching is designed to integrate seamlessly into traders’ workflows, offering a more effective method for managing and executing challenging trades within a secure environment. This initiative is the first in a planned series aimed at providing unique liquidity solutions and enhancing trade execution for Liquidnet’s members.

Investment Manager River Global Implements Bloomberg Solutions for New Tech Stack

A win for Bloomberg with UK-based investment manager River Global implementing a suite of the company’s solutions as its new tech-stack to support front-to-back office investment workflows. Solutions adopted by the investment manager include Bloomberg AIM for order and investment management and BQuant Enterprise for quantitative analysis.

“By adopting Bloomberg’s integrated offerings, we have seamless connectivity in our workflow, ensuring efficiency and accuracy across our front, middle and back-office operations,” says Phil Jones, product and operations director at River Global. “Bloomberg is our vendor of choice for our investment tech stack and we look forward to continuing our work together as we optimise strategies and scale the business.”

CUSIP Global Services Adds AI Search Functionality to CGS CUSIP Access

CUSIP Global Services (CGS) has added AI-powered search functionality to CGS CUSIP Access allowing users to perform advanced searches using plain text and eliminating the need to enter values into separate boxes in an advanced search window. The AI search tool uses a large language model (LLM), the GPT-4 model provided by Microsoft Azure OpenAI Service, to accurately extract the name and value of a search field from a user-entered search prompt in natural language. It then translates the prompt into a valid structured query, which is executed by the system to retrieve precise search results.

The AI search tool has also been incorporated into the Excel ADD-IN, allowing Excel ADD-IN users to search either by identifiers or by using the AI search tool and get return data in an excel workbook.

Snowflake Expands Toronto Office to Support Growth in Canadian Market

Snowflake has expanded and relocated its Toronto office to support strategic growth in the Canadian market and growing headcount. Located in the city’s business and technology core, the new Toronto office will serve as the company’s Canadian headquarters. Snowflake first opened in Canada in 2022, making Toronto home to one of the company’s five global Snowflake Engineering Hubs.

As part of the company’s growth strategy, Snowflake Canada is on track to double its team in 2024 and further build out its Canadian presence. The Toronto office is continuing to hire for positions across engineering, sales, and more as the organisation scales to meet increasing demand from customers.

Imandra Launces AI-Powered FIX Wizard

Imandra, the automated reasoning technology company, has launched FIX Wizard, an AI assistant for uts FIX Connectivity suite aimed at banks and trading entities. Based on Imandra’s neuro-symbolic architecture, FIX Wizard automates the analysis of financial protocols and APIs, to streamline client onboarding in capital markets. The new tool integrates statistical AI with Imandra’s proprietary automated reasoning, offering a Generative AI assistant that ensures compliance with regulatory demands through verifiable audit trails.

The FIX Wizard uses Imandra’s “digital twin” of a FIX gateway, creating a full logical model of the API to provide comprehensive diagnostics and recommendations across various trading systems. It is designed to address the intricacies of FIX specifications, helping to decode and troubleshoot client data, manage engagement rules, and conduct conformance testing efficiently.