TradingTech Insight Brief
QuantCube Data Integrated in MSCI’s New Economic Regime Allocator Index
Alternative data firm QuantCube Technology’s real-time macro-economic data will be used in the newly launched MSCI Economic Regime Allocator Index by MSCI Inc. The index moves assets into different categories based on the current economic regime, using a pre-defined set of rules. The goal is to enhance investment performance by rotating and reallocating assets as the economy transitions from one phase to another.
The index identifies four different economic situations based on the rate of change of GDP and CPI indicators and whether these are rising or falling. A sectoral approach is used to optimise performance by adjusting equity holdings according to the current economic regime.
LSEG Partners with Finmechanics to Launch Corporate Treasury Risk App
London Stock Exchange Group (LSEG) has collaborated with Finmechanics, a Singapore-based financial solutions provider, to launch the Corporate Treasury Risk (CTR) app. The app aims to help corporate treasuries mitigate liquidity and market risks and reduce dependence on inefficient spreadsheet-based processes.
CTR enhances LSEG’s Eikon and Workspace platforms with post-trade analytics such as cash and liquidity forecasts, profit/loss and risk reporting, OTC derivatives valuations, and more. As a cloud-based managed service, it leverages micro-services and technology developed by Finmechanics.
DiffusionData’s Real-Time Data Streaming Solution Now Available on AWS Marketplace
DiffusionData has announced that its real-time data streaming and messaging solution, Diffusion 6.9, is now available for download on Amazon Web Services (AWS) Marketplace. This move allows businesses using AWS to streamline the purchase and deployment of Diffusion, simplifying the process for development teams.
Diffusion’s platform enables the consumption of raw data in any size, format or velocity, enriching the data in-flight before distributing it in real time securely and on a large scale. The software claims to reduce bandwidth costs by 90% thanks to its real-time event broker with intelligent queuing and patented delta-streaming protocol. Making the platform available via AWS Marketplace simplifies procurement and implementation for AWS customers.
Murex Expands MX.3 Platform at DZ BANK, Enhancing Collateral Management
Murex, the trading & risk management solutions vendor, has implemented its MX.3 for Collateral Management extension at DZ BANK in Germany. This represents a significant expansion of the MX.3 platform within the EMEA region and has created significant cost synergies in operations and development compared to standalone solutions, according to the company.
The move marks another milestone in the longstanding partnership between Murex and DZ BANK. The platform implementation resulted in several functional enhancements and process automations, streamlining operations in areas such as treasury and risk.
BT Partners with Flexenet to Enhance Cloud-Based Trading Communications
BT and Flexenet have announced a partnership to offer Flexenet Private Wires connectivity, fully integrated with BT’s Trading unified communications and collaboration (UCC) platform. The partnership aims to facilitate secure, compliant, high-performance real-time trading for customers worldwide. The BT Trading platform, engineered for global capital markets, can be integrated with unified communications systems from Microsoft and Cisco and can be accessed remotely by traders.
Flexenet Private Wires provides secure voice communication links for traders on the trading floors of investment banks, brokers, and hedge funds across Europe, the Americas, and Asia. This direct integration with BT Trading creates a comprehensive unified communications solution that can be managed seamlessly as a single package, irrespective of customers’ existing voice technology.
agora and Montis Partner to Develop End-to-End Platform for Digital Securities
agora Digital Capital Markets and Montis Group have announced a strategic partnership to develop an end-to-end platform for conventional and digital securities in regulated fixed income markets. The agoraPlatform will interoperate with Montis’s distributed ledger technology-based Central Security Depository (CSD), with authorisation and operational Go-Live targeted for Q4, 2023.
The collaboration aims to streamline interactions from originating, issuing, recording, holding, through to settling conventional, non-native, and natively digital securities tokens. By integrating agora’s pre-trade workflow tool with Montis’s post-trade digital infrastructure, the partnership marks a significant step towards creating a comprehensive environment for both conventional and digital securities.
Exegy Adds Deribit to Metro Trading Platform, Expands Crypto Options Trading Capabilities
Exegy, the front-office trading solutions provider, has added Deribit, the world’s largest cryptocurrency options exchange, to its list of covered crypto derivatives markets for its Metro professional trading platform. This integration will enable crypto traders on Deribit to leverage Metro’s pricing, execution, and risk management capabilities. The inclusion of Deribit follows demand from current and potential Metro users and aligns with Exegy’s broader ambition of introducing professional options trading functions to crypto options markets.
The Metro platform now has trading capacities for three crypto derivative-listing exchanges, Deribit, CME, and Ledger X. It equips professional traders with tools for dynamic volatility surface modelling, execution, and robust risk analysis.
Beeks and IPC Systems Deploy Advanced Private Cloud Solution for Johannesburg Stock Exchange
Beeks Group, providers of managed cloud computing, and electronic trading solutions vendor IPC Systems, have announced the implementation of a managed infrastructure-as-a-service (IaaS) solution for the Johannesburg Stock Exchange (JSE). The collaboration will provide a private and hybrid computing infrastructure offering, accessible globally at prime colocation facilities. This end-to-end solution combines market data and trade lifecycle services with a robust trading infrastructure in key global markets, enabling client deployments within JSE’s own data centres.
The new service empowers JSE, Africa’s largest stock exchange, to directly address clients’ challenges around monitoring, hosting, maintenance, and time to market. Leveraging the advantages of a managed service provider and the infrastructure-as-a-service model, JSE is now positioned to offer enhanced capabilities and further options to its client base.
TNS Enhances European Backbone to Support Increased Market Data Volumes
Transaction Network Services (TNS) has upgraded its European backbone, increasing capacity to manage growing market data volumes from numerous exchanges throughout Europe. The network has been reengineered to ensure maximum uptime, resilience, data delivery, and to offer the lowest commercially available latency between significant European financial centres, such as London, Frankfurt, and Bergamo. Both primary and secondary network paths have been enhanced to maintain complete end-to-end diversity of A and B market data feeds.
Over the last five years, TNS has established an ultra-low latency trading network throughout Europe, designed for buy-side and sell-side firms, prop shops and vendors. The network connects to 60 global exchanges and is monitored around the clock by TNS’ global network operations centres.
LTX Introduces BondGPT, an AI-Driven Application Streamlining Corporate Bond Selection
LTX, a subsidiary of Broadridge Financial Solutions, has launched BondGPT, an application driven by OpenAI GPT-4. The AI-powered tool will respond to bond-related queries and assist users in identifying corporate bonds on the LTX platform, integrating real-time liquidity information from the LTX Liquidity Cloud. This advancement aims to streamline workflows and enhance efficiency for asset managers, hedge funds and dealers involved in bond selection and portfolio construction.
The BondGPT application offers a large language model (LLM) chat feature, allowing users to ask questions and locate corporate bonds based on their criteria. It utilises LTX’s Liquidity Cloud and bond similarity technology to identify bonds with similar characteristics, fulfilling traders’ real-time liquidity requirements.