TradingTech Insight Brief
Glue42 and BNY Mellon Co-Develop Tech Solution to Automate Financial Operations
Interoperability solution provider Glue42 has announced its involvement in BNY Mellon’s award-winning “Operations-to-Operations” project, which was jointly developed by the two companies and aims to streamline communications between BNY Mellon and its clients.
The joint solution, which delivers a trading-desk-like user experience to middle and back office operations, leverages Glue42’s certified FDC3 (Financial Desktop Connectivity and Collaboration Consortium) Desktop Agent. The platform automates processes, freeing staff to focus on higher-impact work. BNY Mellon’s use of Glue42’s zero-install browser platform will accelerate the roll-out of the solution, eliminating the need for software deployment on client machines.
BNP Paribas and Bloomberg AIM Partnership Bolsters Post-Trade Workflows
BNP Paribas’ Securities Services and Bloomberg have announced an integration that couples BNP Paribas’ multi-asset servicing capabilities with the Bloomberg AIM buy-side order management system. The integration is designed to enhance post-trade workflows for mutual clients, streamline front-to-back processes and standardise data connectivity for efficient trade management.
The collaboration forms part of BNP Paribas’ Open Front Office strategy, aimed at developing integrations with leading portfolio management systems to enhance the client experience.
Parameta Solutions Partners with ZE PowerGroup to Boost Energy and Commodities Pricing Analytics
Parameta Solutions, TP ICAP’s Data & Analytics division, has partnered with ZE PowerGroup to make its OTC data available via ZE PowerGroup’s data management and analytics platform. This collaboration will offer market participants robust risk and pricing solutions for energy and commodities by combining ZE PowerGroup’s platform for advanced analytics and data visualisation with Parameta’s OTC data, providing an tool for firms to better comprehend market trends, identify pricing opportunities, automate pricing processes, and mitigate human error risk.
The partnership aims to allow customers to extract maximum value from independent energy pricing data that accurately reflects OTC market conditions. This is particularly relevant given the increased need for energy and commodity trading firms to manage their counterparty credit risk in the OTC market.
ONE ZERO Digital Bank Selects ViewTrade for New Securities Trading Platform
Technology and brokerage service provider ViewTrade has been chosen by Israel’s ONE ZERO Digital Bank to serve as the broker and technology partner for its new securities trading platform. The partnership will provide Israeli investors with seamless access to US markets, enabling trading in a broad range of equities and exchange-traded funds listed on the New York Stock Exchange and NASDAQ. ONE ZERO’s customers can utilise either foreign currency or shekel accounts for their transactions.
The new trading platform will utilise ViewTrade’s API and FIX connection, integrated into ONE ZERO’s signature app, which previously only offered banking services. This platform will facilitate independent trading on US stock exchanges and allow clients to consolidate their financial activities through a single provider. Additionally, the bank will deliver real-time AI-generated insights and updates about investors’ portfolios.
TS Imagine Unveils Next-Generation Features for TradeSmart Fixed Income EMS
Trading, portfolio, and risk management solutions vendor TS Imagine, has released several new features for its TradeSmart Fixed Income Execution Management System (EMS), designed to streamline workflow for traders in the global bond market.
The new features, which automate various aspects of the fixed income trade lifecycle, include a liquidity snapshot tool for regulatory compliance, a liquidity aggregator for a real-time view of all available liquidity, a best dealer algorithm for automating dealer selection, order tracking across products to reduce operational risk, and the TradeSmart parser for efficient data compilation across many bonds from email delivery. The advancements aim to empower users to better control their workflow and enhance their trading day experience.
Iress Teams Up with Kaiko to Provide Cryptocurrency Market Data
Financial Software provider Iress has announced a partnership with Kaiko, the cryptocurrency market data provider, to offer high-quality, regulatory-compliant digital assets and cryptocurrency data to institutional clients. The new data service, available in Iress’s FeedOS format, is designed to be seamlessly integrated into existing workflows. The collaboration aims to address growing interest in digital assets from clients and meet future demand by combining Iress’s data feeds from major global markets with Kaiko’s digital asset data.
Kaiko provides real-time digital assets market data, historic data, analytics, indices, and research, enabling firms to benchmark crypto asset performance, contribute to best execution, risk assessment, market surveillance, and computing NAV.
Pico Launches Corvil Cloud Analytics on AWS
Pico, the global provider of technology services, software, data and analytics for the financial markets community, has announced the general availability of its Corvil Cloud Analytics on AWS (Amazon Web Services) public cloud environments. As more businesses migrate to the cloud, Corvil Cloud Analytics provides the same high-quality, granular data capture and analytics capabilities as its on-premises counterpart in a cloud-based solution.
Corvil Cloud Analytics caters to various use cases, including cloud-hosted exchanges, financial service providers, research and development challenges, security, algo back-testing, and real-time workload performance tuning. Already trusted by the world’s largest banks, exchanges, electronic market makers, quantitative hedge funds, data service providers, and brokers, Corvil is now working on further expanding its cloud solutions with the Google Cloud Platform (GCP), expected to launch later this year.
SSImple Unveils SaaS DLT Platform to Transform Standing Settlement Instructions Management
SSImple, a SaaS DLT platform, has launched a post-trade offering aiming to revolutionise the way standing settlement instructions (SSIs) are stored, shared, and enriched across the financial services industry. With incorrect SSI data or usage accounting for 30% of settlement failings according to industry estimates, the platform aims to mitigate risk, create efficiencies, and reduce costs for custodians, prime brokers, buy-side firms, broker-dealers, and third parties.
SSImple’s platform uses a robust industry rule engine to ensure multi-asset class SSIs are entered correctly. The platform enables automation of SSI delivery, receipt, and permission access, as well as logical enrichment at the point of electronic trade confirmation. By interacting with distributed ledger technology (DLT) databases, SSImple selects the correct SSI based on DLT position keeping records, providing real-time updates and greater transparency.
TS Imagine Partners with Crypto Finance to Offer Enhanced Crypto Trading Connectivity for Institutional Clients
TS Imagine, the global provider of cross-asset trading, portfolio, and risk management solutions, has announced a successful partnership with Crypto Finance, a European prime broker for digital assets. The collaboration will allow institutional clients to access greater connectivity and liquidity in cryptocurrency trading, with TS Imagine’s clients benefiting from Crypto Finance’s advanced trading infrastructure and comprehensive market coverage.
TS Imagine was formed in 2021 following the merger of Trading Screen and Imagine Software and recently launched a real-time risk platform, RiskSmartX.
IPC and Kaiko Join Forces to Deliver Real-time Crypto Market Data to Connexus Crypto Ecosystem
Communication solutions provider IPC has partnered with Kaiko, the cryptocurrency market data provider, to offer enterprise-grade data to IPC’s Connexus Crypto ecosystem. Launched last year, Connexus Crypto is designed to support complex trading strategies and provides low latency connectivity to multiple global crypto exchanges.
With Kaiko’s integration, IPC’s Connexus Crypto trading environment will now deliver real-time stream data, including spot and derivatives, as well as aggregated quotes and rates. This will enable users to implement efficient arbitrage and algorithmic trading strategies while ensuring effective risk management, investing, monitoring, and regulatory compliance activities.