BMLL Broadens Level 3 Data Coverage of Asia Exchanges

BMLL, the independent provider of harmonized, historical Level 3 data and analytics, has announced the expansion of its equities and ETF data coverage to include Asia Exchanges, offering users a comprehensive global view of market behaviour based on the most granular Level 3 data. The addition of CBOE Japan, Japannext, and Singapore Exchange data complements BMLL’s existing Tokyo Stock Exchange coverage.

The expansion aims to benefit BMLL’s diverse user base by providing access to the most granular Level 3, T+1 order book data and advanced pre- and post-trade analytics on a global scale, including buy-side firms seeking alpha in Asian markets, sell-side execution firms aiming to enhance product offerings, and Asia exchanges looking to perform venue comparisons against local and global peers to better understand market quality and the performance of liquidity providers.

UK Opens Talks on Regulating ESG Ratings Providers

The UK has taken a step further along its programme of market sustainability reforms. In the Treasury’s latest update to its Green Finance Strategy, which was launched in 2019, ministers presented a consultation paper that proposes bringing ESG ratings providers under the gaze of the Financial Conduct Authority (FCA).

Further announcements indicated that nuclear power would be included in a future ESG taxonomy and that the Taskforce for Nature-related Financial Disclosure (TNFD) framework would be considered for inclusion in any reporting rule.

The FCA said also that it would delay until the autumn it response to a consultation into the UK’s proposed Sustainability Disclosures Requirements (SDR). The rule had been expected to come into force in June.

Bloomberg Launches New SFDR Tool for Asset Managers

Bloomberg’s fund manager clients can access a new tool enabling them to identify assets aligned with the European Union’s Sustainable Finance Disclosure Regulation (SFDR). The dashboard-based offering is available through Bloomberg’s Terminal.

Horizon Software Certified on Montreal Exchange

Electronic trading solutions and algorithmic technology provider Horizon Software has announced that it is now certified on the Montreal Exchange (MX). With the certification, Horizon’s clients can now trade exchange traded derivatives, including equity derivatives, currency options, index derivatives, and interest rate derivatives.

Horizon is also now able to provide connectivity to financial institutions that want to trade on MX, for committed orders and pre-arranged trade workflows, orders for implied-based strategies, basis trades on close instruments, and stop orders.

QuantCube Launches Core CPI Nowcast Indicator for the US Economy

QuantCube, the alternative data analytics vendor, has launched the QuantCube Core CPI Nowcast indicator, designed to provide crucial insights into core inflation trends in the US economy, significantly ahead of official numbers published monthly. The indicator quantifies core inflation by measuring changes in the prices of goods and services, excluding the food and energy components included in the broader Consumer Price Index, which are generally more volatile.

The QuantCube team applied a fundamental approach to construct the new core CPI indicator – collecting and analysing high volumes of frequently-published alternative data on the prices of goods and services.

Snowflake Sets Up in Indonesia

Snowflake has extended its reach to Indonesia, bringing the Data Cloud to customers and partners in the country. The company expects its services to be available in the AWS Asia Pacific (Jakarta) Region in April 2023, enabling customers and partners to accelerate migration to the Data Cloud.

Linedata Opens Office in Singapore

Linedata, a global provider of credit and asset management technology, data and services, has opened a new office in Singapore, strengthening its presence in the APAC region following an increase in client need. The company already has presence in Hong Kong and India, with its expansion to Singapore a priority in its development strategy. Linedata plans to recruit new talent and skills for the Singaporean office to support existing and new clients, and says its technological solutions are well suited to the Singaporean financial market and can support local investment fund structures, such as the Variable Capital Company.

RepRisk Makes ESG Data Accessible from Snowflake Marketplace

RepRisk’s ESG risk data is now available on Snowflake Marketplace, giving sustainable market professionals easy access to the Swiss company’s content without having to adapt their internal processes.

Through Snowflake’s platform, RepRisk says customers can be assured of data security, scalability, assessment and governance. Its data is collated from sources other than corporate self-disclosures to ensure investors are provided with independent information.

ISS ESG Provides US Cyber Risks Visibility for Sustainability Investors

ESG investors are now able to monitor companies’ cyber risks through a new service provided by ISS ESG. The ISS ESG US Cyber Risk Index offers clients visibility into which corporates face the highest risk of digital intrusion based on their cyber security provisions.

ISS ESG, the sustainable investment unit of Institutional Shareholder Services, said the index is based on is Cyber Risk Scores.

Huge Differences in Data Costs Found

A study of ESG data costs has found that some asset managers are being charged six time more than others for sustainability data and scores. Substantive Research also found that index data could be as much as 26 times more expensive for some customers.