Delta Capita Launches DLT-Based Solutions for Capital Markets Based on SETL Technology

Delta Capita has introduced a range of distributed ledger technology (DLT) solutions, having acquired the technology from SETL, a blockchain solutions specialist. The new product, MACH Distributed Ledger, comprises six modules that cover trade settlement, tokenisation, reconciliations, digital asset issuance and custody, KYC processes, and enhanced DLT system interoperability.

The launch marks Delta Capita’s continued effort to create a modern capital markets ecosystem, with Montis Group being a significant client for the development.

Broadridge Introduces NYFIX Fill Matching Platform for Real-time Trade Reconciliation

Broadridge Financial Solutions has launched the NYFIX Fill Matching platform, a real-time reconciliation tool tailored for asset managers with high volume or detailed orders. The new platform enhances Broadridge’s post-trade NYFIX Matching solution and is unique in providing real-time matching of fills between brokers and asset managers.

The system is designed to quickly detect trade discrepancies, allowing them to be resolved before the trading day ends. It operates by comparing drop copies of executions from the brokers with fills from the asset managers, ensuring consistent alignment and reducing end-of-day mismatches.

Bloomberg Adds Intraday BVAL Front Office Pricing Solution for Fixed Income Trading

Bloomberg has released Intraday BVAL (IBVAL) Front Office, a distinct but complementary offering to Bloomberg’s evaluated pricing service, BVAL, that uses a machine learning model to handle the intricacies of consuming billions of ticks of market data to produce frequent pricing for real-time trading decisions. The front office product delivers prices as fast as every 15 seconds and can capture a new bond issue moments after the security is available for secondary trading.

Tony McManus, global head of enterprise data at Bloomberg, says: “We launched IBVAL Front Office to provide customers with timely pricing data that easily integrates into their trading and pricing execution workflows, so they can operate faster in increasingly automated fixed income markets.” IBVAL Front Office pricing is available on the Bloomberg Terminal and via Bloomberg’s real-time market data feed, BPIPE.

Schroders Uses Xceptor to Consolidate Applications and Automate Operations

Schroders has selected the Xceptor data automation platform for a range of core business use cases including cash flow data handling and customer onboarding. The investment management firm initially used Xceptor to process incoming transfer agency cashflows into its investment book of record, Blackrock Aladdin. The firm’s expanded use of the platform across operations provides operational resilience and efficiencies through data automation and end-to-end process transformation for business users.

Peter Hilborne, chief operating officer, operations at Schroders, comments: “The initial phases we entrusted to Xceptor comprised critical business functions that the platform handled exceptionally well. By consolidating all other applications into Xceptor, we have radically transformed how we process and automate data.”

Arcesium Offers ESG Book Data Through Aquata Platform

American FinTech provider Arcesium is to offer its financial institution clients sustainability data from ESG Book, the Germany-based vendor and asset manager that is supported by a dozen major banks. Analysis, scores and other metrics on 50,000 companies will be provided by ESG Book through Arcesium’s cloud-based platform called Aquata.

Majority of Asset Managers and Owners Follow TCFD Guides: Report

Most asset managers and owners are reporting their climate performance data in line with the disclosure framework that’s thought most likely to be adopted as a global standard.

The latest annual survey by the Taskforce for Climate-related Financial Disclosures (TCFD) found that 70 per cent of managers and 84 per cent of asset owners reported climate-related data to their stakeholders last year. Of the former, more than four fifths report in line with at least one of the TCFD’s 11 recommended disclosures, while half of asset owners followed the organisation’s guidelines.

The TCFD disclosures with which most asset managers were aligned were those covering the reporting of climate related metrics as well as risks and opportunities. Asset owners placed greater focus on risk management recommendations.

The materiality of climate-related risks to their business was given as the most common reason why both groups reported such data, while asset owners gave equal weight to regulatory requirements.

The annual report highlighted how TCFD has become the go-to reporting framework for financial institutions, a point underlined by the incorporation of its recommendations into the International Sustainability Standards Board’s (ISSB) own set of disclosure guidelines. The ISSB, which was created in 2021, is widely expected to form the backbone of any globally accepted standard on ESG disclosures.

SIX Collaborates with Megaport for Wider Cloud Connectivity

Swiss financial information and market infrastructure provider SIX has teamed up with Network-as-a-Service provider Megaport, to offer customers direct private access to its data services through all major public cloud providers, including AWS, Microsoft Azure, Google Cloud, and Oracle Cloud. The new service

The new initiative, SIX Connect, spans over 100 cloud regions and numerous data centres in North America, Europe, and Asia Pacific, and is designed to give clients enhanced flexibility in data access, connecting them swiftly and securely to SIX’s streaming, web, and file-based data services, whether via the cloud or physical data centres.

Broadridge and Iress Partner to Enhance Trading Solutions for UK Market Makers

Broadridge Financial Solutions has announced a strategic partnership with financial technology software company Iress, under which Broadridge’s order management system (OMS) and its Tbricks market-making platform will be integrated with Iress’s Retail Service Provider (RSP) network.

The integration aims to provide market makers with streamlined order management, enhanced market connectivity, real-time data, analytics, and robust compliance features. The collaboration, designed to improve market data access, trade execution, and risk management capabilities, will result in a bespoke trading and connectivity solution for UK market makers, giving them comprehensive access to the retail and wealth sectors.

CJC Releases Detailed Report on Data Fabrics, Cloud and Trading Technology Panel from A-Team Group’s TradingTech Briefing

CJC have published an in-depth report on the panel session ‘Adopting Modern Data Fabrics and Cloud in Trading Technology Infrastructure’ from A-Team Group’s recent TradingTech Briefing, Buy & Build – The Future of Capital Markets Technology.

The panel, featuring Peter Williams, CJC’s Chief Technology Officer, alongside Richard Balmer of IPC Systems, Naomi Clarke of CDO Advisory and Bob Mudhar of Synechron, investigated a wide range of topics around modern data infrastructure in trading.

CJC’s full debrief of the conversation, along with analysis of audience poll results, is well worth a read at here.

Survey Finds Substantial Surge in Greenwashing

Greenwashing is on the rise within financial institutions, with a quarter of all ESG risk incidents linked to the scourge, up from a fifth last year, according to a new report.

Sustainability science provider RepRisk found 148 cases of greenwashing in compiling its second annual report, which also found that 70 per cent of incidents were attributable to banks and most of those with regard to human rights breaches.