SIX Integrates with FlexTrade’s Spark EMS to Provide Real-Time Global Market Data

SIX, the worldwide financial data provider, and FlexTrade Systems, the multi-asset execution and order management systems vendor, have integrated real-time global market pricing and reference data from SIX into the Spark cloud-based Execution Management System (EMS). This collaboration enables traders utilising Spark EMS to stream real-time global market data across multiple platforms, including desktop, browser, and API.

The new service using the SIX API, in conjunction with FlexTrade’s cloud-based EMS, delivers an off-the-shelf trading solution that aims to expedite time-to-market for new fund launches. The newly integrated service is now ready for client deployment.

VECTALIS Acquires BrokerHub, Bolstering Its Equity Derivatives Front-to-Back Solution

OTC equity derivatives workflow vendor VECTALIS has announced its acquisition of BrokerHub, a fellow financial technology company. By unifying their forces after years of competition, the two firms aim to provide crucial services to market participants, encompassing price dissemination from interdealer brokers to investment banks, block trade reporting to multiple exchanges, and the generation and reconciliation of confirmation tickets and broker fees, respectively.

This amalgamation of services promises to provide a comprehensive platform covering the front-to-back office for inter-dealer brokers and investment banks running equity derivatives desks, aiming to offer improved and more efficient workflows for clients.

SwanCap Implements Canoe Intelligence to Manage Alternative Investment Documents and Data Processes

Munich-based SwanCap Partners, an independent investment boutique, is working with Canoe Intelligence, a provider of alternative investment solutions, to automate and manage its document collection and data management processes, specifically for its capital calls, distributions, and account statements.

SwanCap has implemented two Canoe solutions: Canoe Connect, to automatically collect alternative investment documents from portals and email inboxes using API connectivity and deliver the aggregated documents to Canoe Intelligence; and Canoe Intelligence, to categorise, extract, and validate relevant private market investment data, and deliver clean, actionable insights to clients’ downstream systems.

Gryphon Fund Group Selects Linedata Mfact

Gryphon Fund Group, a fund administration firm servicing registered and private investment companies, has selected Linedata Mfact to streamline fund accounting, NAV calculation and reporting processes onto a single global platform. Gryphon says Linedata Mfact has helped it to simplify a number of back-office operations and integrate the daily workflow with other reporting requirements allowing its team of accounting experts to focus on client technical matters rather than processing client data.

Arqaam Capital Partners with Horizon Software for Advanced Electronic Market Making Solutions

Arqaam Capital, a UAE-based financial services broker, has established a partnership with electronic trading and algorithmic technology provider Horizon Software, under which Horizon’s Electronic Market Making solutions will be utilised for Arqaam Capital’s newly established market making desk. Arqaam will leverage Horizon’s existing connectivity to the ADX and DFM exchanges in UAE to conduct market making on stocks, derivatives, and ETFs in the Middle East region.

The partnership is intended to solidify Arqaam Capital’s position as a leading market maker and liquidity provider. It will also aid in the diversification of Arqaam’s revenue streams, enhancement of electronic trading products, and the delivery of high-quality services to clients.

Boubyan Bank Adopts Murex’s MX.3 for Sharia-Compliant Treasury Operations via MXGO

Boubyan Bank, a prominent Islamic financial institution based in Kuwait, is adopting Murex’s MX.3 for Islamic Finance to facilitate its Sharia-compliant treasury operations using MXGO, a customisable treasury and trading solution, designed by Murex, that caters to rapidly expanding local banks. MXGO can be delivered on-premises, on the cloud or as a fully managed SaaS solution, with the capacity to expedite delivery and reduce the total cost of ownership.

The MX.3 platform will provide a front-to-back-to-risk solution to expedite the delivery of new products to clients, including FX spot, forward Waad, FX swap, profit rate swaps, cross currency swaps and sukuks. The scope also includes collateral management, value at risk, accounting and hedge accounting.

Glue42 and BNY Mellon Co-Develop Tech Solution to Automate Financial Operations

Interoperability solution provider Glue42 has announced its involvement in BNY Mellon’s award-winning “Operations-to-Operations” project, which was jointly developed by the two companies and aims to streamline communications between BNY Mellon and its clients.

The joint solution, which delivers a trading-desk-like user experience to middle and back office operations, leverages Glue42’s certified FDC3 (Financial Desktop Connectivity and Collaboration Consortium) Desktop Agent. The platform automates processes, freeing staff to focus on higher-impact work. BNY Mellon’s use of Glue42’s zero-install browser platform will accelerate the roll-out of the solution, eliminating the need for software deployment on client machines.

BNP Paribas and Bloomberg AIM Partnership Bolsters Post-Trade Workflows

BNP Paribas’ Securities Services and Bloomberg have announced an integration that couples BNP Paribas’ multi-asset servicing capabilities with the Bloomberg AIM buy-side order management system. The integration is designed to enhance post-trade workflows for mutual clients, streamline front-to-back processes and standardise data connectivity for efficient trade management.

The collaboration forms part of BNP Paribas’ Open Front Office strategy, aimed at developing integrations with leading portfolio management systems to enhance the client experience.

Parameta Solutions Partners with ZE PowerGroup to Boost Energy and Commodities Pricing Analytics

Parameta Solutions, TP ICAP’s Data & Analytics division, has partnered with ZE PowerGroup to make its OTC data available via ZE PowerGroup’s data management and analytics platform. This collaboration will offer market participants robust risk and pricing solutions for energy and commodities by combining ZE PowerGroup’s platform for advanced analytics and data visualisation with Parameta’s OTC data, providing an tool for firms to better comprehend market trends, identify pricing opportunities, automate pricing processes, and mitigate human error risk.

The partnership aims to allow customers to extract maximum value from independent energy pricing data that accurately reflects OTC market conditions. This is particularly relevant given the increased need for energy and commodity trading firms to manage their counterparty credit risk in the OTC market.

ONE ZERO Digital Bank Selects ViewTrade for New Securities Trading Platform

Technology and brokerage service provider ViewTrade has been chosen by Israel’s ONE ZERO Digital Bank to serve as the broker and technology partner for its new securities trading platform. The partnership will provide Israeli investors with seamless access to US markets, enabling trading in a broad range of equities and exchange-traded funds listed on the New York Stock Exchange and NASDAQ. ONE ZERO’s customers can utilise either foreign currency or shekel accounts for their transactions.

The new trading platform will utilise ViewTrade’s API and FIX connection, integrated into ONE ZERO’s signature app, which previously only offered banking services. This platform will facilitate independent trading on US stock exchanges and allow clients to consolidate their financial activities through a single provider. Additionally, the bank will deliver real-time AI-generated insights and updates about investors’ portfolios.