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.

ESG Pillar 3 Disclosure Tool Launched by ISS ESG

ISS ESG’s European bank clients can now take advantage of a tool designed to help them comply with a key sustainability regulation. The company’s ESG Pillar 3 ESG Solution provides templates and disclosure facilities to meet the European Banking Authority’s sustainability reporting standards. Clients can access the service through is own DataDesk as well as an API, cloud and data feeds.

Orient Futures Singapore Adopts Integral’s FX Platform to Enhance Client Experience Amid Rising Demand

Futures and FX broker Orient Futures Singapore has deployed an end-to-end currency trading platform from currency technology provider Integral, with the aim of improving clients’ trading experience, streamlining trading operations and accessing a broader market. The move to adopt Integral’s platform comes after Orient Futures Singapore witnessed surging demand for its services across the Asia/Pac region.

In 2022, Integral became the first cloud-based FX workflow platform to be deployed at the SG1 data centre. Orient Futures Singapore will offer clients the ability to streamline, automate and optimise every stage of their workflow, complete with SG1 implementation.

UBS Integrates Broadridge’s DLT-Enabled Repo Solution for Enhanced Cost-Savings and Efficiency

UBS has gone live on Broadridge’s newly launched sponsored repo solution, the next phase in the rollout of Broadridge’s DLT-enabled Distributed Ledger Repo (DLR) platform, which aims to provide clients with significant settlement cost savings, process simplification, scalability, and reduction of operational risks via distributed ledger technology and smart contracts.

This marks the latest milestone in executing on Broadridge’s vision of transforming the global repo market infrastructure and further demonstrating the power and value creation of DLR, according to the company.

Bloomberg Introduces Bridge AXE for Enhanced Anonymity and Trading Interest Discovery

Bloomberg has launched Bridge AXE, an extension of the Bloomberg Bridge intermediated workflow, allowing participants to anonymously post to other Bridge participants and identify trading interests using Bloomberg’s liquidity discovery tools. This follows the launch of Bloomberg Bridge in 2022, which has now grown to more than 650 active client firms.

Bridge AXE allows buy-side firms to propose, identify, and engage with trading interests from other Bloomberg Bridge participants in an all-to-all environment. Participants can then launch targeted RFQs to begin an intermediated negotiation, anonymous to the axe contributors.

Bloomberg Finalises Acquisition of Broadway Technology to Boost O/EMS Capabilities in Credit and Rates Markets

Bloomberg has completed its acquisition of front-office solutions vendor Broadway Technology. By bringing together Bloomberg’s Electronic Trade Order Management Solutions (ETOMS) and Broadway’s low-latency execution management solution, the transaction will help further the development of a comprehensive, low-latency O/EMS for the credit and rates markets.

The acquisition aims to deliver solutions that provide greater asset coverage, connectivity, automation, and integration with pre-and post-trade workflows, according to the company.

World Federation of Exchanges Releases Recommendations on Crypto Platforms to Build Trust and Stability

The World Federation of Exchanges (WFE) today published a report, ‘Promoting Sound Marketplaces – DeFi/CeFi, Crypto Platforms & Exchanges’. The report draws on the collective experience of regulated market infrastructures and makes six recommendations in light of issues that continue to affect the crypto-currency industry following several high-profile controversies and collapses.

The WFE’s analysis also found that whilst Decentralised Finance might bring innovation to financial products, crypto-trading platforms (CTPs) are frequently not as decentralised as they first appear, which presents some risks. In the short term, the WFE recommends that CTPs disclose their regulatory status and do not describe themselves as exchanges until they are appropriately regulated and adhere to the standards set out in the report.

Most Companies Unprepared for SR Disclosure Assurance

A large majority of companies are unprepared to fully comply with the European Union’s Corporate Sustainability Reporting Directive (CSRD) and other imminent sustainability reporting regulations, according to a new survey.

KPMG found that 75 per cent of 750 companies surveyed in its “Road to Readiness: KPMG ESG Assurance Maturity Index 2023” didn’t have the skills, policies or systems to meet the regulations’ disclosures assurance requirements.

The companies that are most ready are the larger firms and those that are already engaged on ESG issues. More than half said it was difficult to balance such demands against profitability expectations of shareholders, the report also found.

SAP Fioneer Launches Fist ESG Tool for FIs

SAP’s FinTech arm SAP Fioneer has unveiled its first ESG assessment tool for investment portfolios. The Fioneer ESG KPI Engine is available for on-prem or cloud-based platforms and enables banks and insurers to manage portfolios according to particular KPIs.