Bloomberg Releases Tool for Sustainable Investment Screening

Bloomberg has released a tool that helps investors assess portfolios, funds and indices based on sustainability criteria and thresholds customised by the user. Available on the Bloomberg Terminal and based on the company’s ESG data, the solution facilitates a transparent screening process and can be used for both making investment decisions and to help clients with regulatory compliance.

Users can input their investment preferences by selecting from a wide range of criteria and calibrating precise thresholds from three categories: sustainability targets, exclusion or ‘no harm’ criteria, and good governance requirements. The tool then calculates a percentage figure that shows how much of a portfolio, fund or index is aligned with the user’s criteria and provides a detailed list of all holdings to quickly detect any outliers.

Investors can also use the tool to check, based on their own definitions, if funds align with regulatory obligations including the EU’s MiFID II suitability rules and Sustainable Finance Disclosure Regulation (SFDR), the United Arab Emirates’ sustainable finance framework, the UK FCA’s forthcoming sustainability disclosure requirements, and future SEC guidance on ESG disclosures and fund labelling.

Finastra Partners with OpenFin to Enhance Kondor Treasury Management System

Finastra has teamed up with OpenFin to upgrade its Kondor bank treasury management system, aiming to strengthen the user experience with advanced workspaces and streamlined workflows. The collaboration leverages OpenFin’s “Workspace Anywhere” technology, enabling Kondor users to access the system through web browsers or a dedicated desktop application.

The enhanced Kondor system will incorporate microservices, AI, and a partner ecosystem to provide a more intuitive and efficient experience for banks, delivered through Treasury as a Service (TaaS) and cloud capabilities. This initiative aims to improve decision-making processes and operational efficiency in banking treasury management.

SGX FX Introduces Enhanced AI Tool for Optimized FX and Digital Assets Trading via MaxxTrader

SGX FX, through its digital assets and eFX trading solutions provider MaxxTrader, has unveiled the latest version of its advanced AI tool designed to enhance FX trading decisions for financial institutions. The new version leverages real-time data analysis, encompassing trades, price streams, user activities, and market impact among other elements, to generate tailored insights and actionable recommendations, thus promising quicker and more effective decision-making.

Originally launched in Q1 this year, the solution is designed to empower banks and broker-dealers to better manage risks, optimise trading performance and achieve superior execution quality and profitability through intelligently curated insights, presented in user-friendly formats.

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.”