TradingTech Insight Brief
Yaala Labs Powers Carbonplace’s New Carbon Credit Market with P8 Platform
Yaala Labs, the global market infrastructure provider, has announced the successful launch of its P8 platform at Carbonplace, global carbon credit transaction network, to facilitate. the operation of its voluntary carbon market. The integration, initiated in late 2023, leverages Yaala Labs’ advanced cloud-native P8 technology, which supports a range of functionalities including tokenisation, primary and secondary trading, and clearing & settlement.
Initially, Carbonplace has integrated with Verra’s carbon registry, the carbon credit registry that manages the Verified Carbon Standard (VCS), the biggest standard in the carbon market based on market share, with plans to incorporate additional registries in the future.
S&P Global Completes Acquisition of Visible Alpha
S&P Global has completed its acquisition of Visible Alpha, the consensus forecast data and analytics vendor. The move aims to expand the fundamental investment research offerings on S&P Global Market Intelligence’s Capital IQ Pro platform. Founded in 2015, Visible Alpha has carved a niche in offering consensus forecast estimates, key performance indicators, and analytics derived from extensive sell-side analyst models. The company’s data distribution is supported through various channels, including a web-based platform, APIs, and Feeds.
Visible Alpha is backed by a group of investment banks that are key contributors of research and data to the platform. The acquisition, first announced in February 2024, is not expected to significantly impact the financial standing of either S&P Global Market Intelligence or the broader S&P Global entity.
Appital Integrates Insights with FactSet’s Portware EMS to Enhance Liquidity Sourcing for Asset Managers
Appital, the price discovery and liquidity sourcing platform, has announced the full integration of Appital Insights with FactSet’s Portware EMS, enabling one-click access to critical liquidity data for asset management clients. The integration includes the ‘Live Watchlist’ feature, enabling buy-side institutions to discreetly evaluate the feasibility of executing large Average Daily Volume (ADV) orders.
Launched in September 2023, Appital Insights aims to improve liquidity sourcing by revealing opportunities in illiquid or large equities, previously inaccessible through traditional trading platforms. Since its inception, Appital Insights has facilitated $4.0 billion in buy-side liquidity, with trade opportunities ranging from $1 million to $200 million.
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.