Many Firms Are Not Data-Ready for SFDR Level 2

Many financial institutions have yet to grasp the data implications of the European Union’s ESG reporting regulations, while others are scrambling to put in place processes to comply with the developing set of disclosure rules. Read the full story on ESG Insight here.

EIU Unveils ESG Ratings Coverage of 150 Countries

The Economist Intelligence Unit has launched its own ESG Rating Service for investors and consumers, offering scores on 150 countries based on 90 sustainability indicators. The service gives country-level historic rankings back to 2015 and lays out quarterly analyses of key trends. The London-based information provider said the comparability of the ratings would help clients in their decision-making processes.

KeyBanc Adopts Bloomberg’s B-PIPE for Fixed Income Electronic Trading

KeyBanc Capital Markets (KBCM) has adopted Bloomberg’s real-time market data feed, B-PIPE, enabling greater automation and accuracy in bond pricing and accelerating automation of bond pricing workflows. B-PIPE will deliver access to comprehensive and consolidated market data content, enabling KBCM to execute real-time analytics and responses within its Investment Grade Credit Algorithm.

With B-PIPE available on-premise or via various public cloud environments, KBCM will take advantage of B-PIPE’s zero-footprint delivery option, eliminating the need to host or manage software.

SIX Launches Clearing Platform Based on Nasdaq Technology for the Nordic Markets

Swiss market infrastructure company SIX has launched a new clearing platform, underpinned by technology from Nasdaq, for the Nordic markets. The platform, which has been integrated into the SIX Post Trade Architecture (PTA), will enable the clearing of 10 million trade legs per day, with SIX expecting an increase in the number of cleared trades in the future.

The upgrade aims to provide continued enhancement of the IT infrastructure, higher reliability, and increased functionality and processing capabilities. As the next step of its evolution, SIX intends to extend the markets and trading venue coverage for Swiss clearing onto this new platform.

Cowen Execution Services Selects big xyt to Identify Liquidity Opportunities in European Equities

Data and execution analytics solutions vendor big xyt has been selected by independent agency broker Cowen Execution Services, to provide improved market structure visibility and supports clients’ access to unique liquidity opportunities.

By providing granular metrics alongside bespoke dashboards, big xyt aims to give CESL an edge in navigating Europe’s complex equities markets by providing normalised data that leverages the company’s domain experience in setting up, running, and maintaining data and analytics environments.

Raiffeissen Bank Deploys Chronicle FIX Solution Across Global ETD Trading Business

Low-latency technology solutions provider Chronicle Software has expanded its footprint at Austrian bank Raiffeisen Bank International. The bank has rolled out Chronicle’s Java-based FIX engine across its complete global ETD workflow, following initial implementation within one of its regional trading centres.

For the rollout, Chronicle has given Raffeissen access to the source code, enables a tailored solution to be built for the bank’s ETD business.

Quant Insight Rolls Out RETINA 2.0, Enhancing Real-Time Notifications and Alerts

Quant Insight (Qi), the macro analytics provider for institutional investors, has rolled out the latest version of its AI-powered RETINA solution, which uses data science and analytics to process and macro and market information to identify key shifts in global financial markets.

The latest version offers added interactivity, with push notifications into Symphony or Slack, volatility alerts, and a performance table, summarising performance over the previous period.

Impact Cubed Unveils Fund ESG Assessment Tools

ESG data and investment aid provider Impact Cubed is now offering clients tools to measure and assess the impact of their fund holdings. The new addition to its automated platform also enables financial institutions to report their investments’ ESG performance to regulators. Additionally, pension funds, wealth managers and family offices will be able to keep tabs on the ESG performance of external managers. The London-based company further says the tools will help financial institutions to avoid greenwashing.

The Broker Club and ACI UK Collaborate on Programme of Education and Community Activities

The Broker Club, the industry network for broker firms within capital markets and ACI UK, the community for individuals involved in FX markets, have agreed to collaborate on a programme of education and community events, for the mutual benefit of their respective member communities. The industry associations will also offer discounted membership to individuals and firms that join both clubs.

JamLabs to Launch Online Data Selling Platform

Toronto-based JamLabs Data Science, a full-stack data science solution and advanced analytics provider, is launching jShop, a cloud-based product management platform that will enable companies to monetise their valued data by creating online white-labelled stores.

jShop’s adapters will allow customers to quickly load and publish their data catalog from major platforms like AWS, Snowflake, and Databricks, reducing onboarding time from weeks to days, according to the company. Clients will be able to create licenses that charge according to gigabyte accessed, or based on slices selected by customers.