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.

Scila Implements Multi-Asset Trade Surveillance for Capital.com

Scila AB, the Stockholm-based provider of trade surveillance, anti-money laundering and risk management technology, has been selected by Capital.com, the retail trading platform, to deliver a multi-asset class trade surveillance solution for global monitoring of trading activities.

Scila’s trade surveillance solution is deployed at customer sites in more than 20 countries, including market participants, exchanges and regulators. It includes a broad selection of alert rules and reports, a search and replay functionality, trading analytics tools, and utilises machine learning capabilities to classify alerts and e-communication such as chats, emails and voice recordings.

Avelacom Sets up Point-of-Presence in Tel Aviv Stock Exchange’s Primary Data Centre

Avelacom, the low latency connectivity, IT infrastructure and data solutions provider, has increased its presence in Israel by partnering with the Tel Aviv Stock Exchange (TASE) and setting up a new point-of-presence (PoP) in TASE’s primary data center.

The new PoP enables Avelacom’s clients to connect to the TASE systems at low latency, and will offer connectivity, colocation and Hardware-as-a-Service (HaaS) solutions.

DTCC Launches New LIBOR Benchmark Replacement Index Solution

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services, has launched its new LIBOR Benchmark Replacement Index solution to support the industry’s transition from LIBOR benchmark rates to Secured Overnight Financing Rate Data (SOFR) and other new fallback rate indices.

Market participants will be able to access the solution through DTCC’s Legal Notice System (LENS) and view information for over 100,000 debt securities whose rate is currently based on USD LIBOR.