TradingTech Insight Brief
Woodseer Global and ULTUMUS Team Up to Deliver ETF Dividend Forecast Product
Woodseer Global, a London-based dividend forecast data specialist and ULTUMUS, a provider of data services for index and ETF data, have released a joint ETF Dividend Forecast product. Across investment banks, asset managers and fund service sectors there has traditionally been a limited choice of sources for ETF dividend forecast data, with either limited coverage or variable accuracy. Recognising market need for wider coverage and improved accuracy, ULTUMUS and Woodseer have combined ULTUMUS’ ETF compositional data with Woodseer’s dividend forecast data for relevant underlying securities. This generates accurate, bottom-up forecasts with both amounts and dates for over 1,400 ETFs.
Redline Trading Extends RedlineFeed Market Data to Cloud Solutions
Redline Trading Solutions, a provider of high-performance market data and order execution systems for automated trading, has announced availability of RedlineFeed for access to real-time and delayed exchange market data for customer solutions deployed in the cloud. The initial release includes support for US equities top-of-book streams at Amazon Web Services (AWS) data centres. RedlineFeed’s cloud infrastructure is designed for systems that need reliable, high quality market data to feed mission critical deployments. RedlineFeed in the cloud provides both real time and 15 minute delayed versions of the feed as well as historical data going back more than five years.
3di Releases Profiler Version 6 with Enriched Catalogue of Alt Data Vendors
3d innovations (3di) has launched version 6 of its vendor analysis tool Profiler, a web-based tool that provides comparative and benchmarking information on market and reference data services, and associated technologies. Version 6 provides an enriched catalogue of alternative data vendors covering multiple industries beyond financial services and delivering unique datasets from non-traditional sources that give traders, asset and wealth managers, and brokers a potential investment edge. 3di developed version 6 in response to client need to derive new insights and expects to cover up to 1,000 alternative data vendors by 2020.
Traiana Releases Automated Post-Trade Service for Equity Swaps Market
Traiana, a provider of infrastructure service for trade lifecycle solutions, has introduced a service that will automate post-trade lifecycle management of the equity swaps market. The Equity Swaps Lifecycle Management service normalises data reported by swap providers and conducts reconciliation and affirmation of daily valuations, payments and legal confirmations to identify any changes to underlying swap attributes. It also improves negative affirmation issues by allowing buy-side firms to view all exceptions in one place. Disputes can be resolved on a daily basis using the exception manager tool. Phase one is live with further phases due through 2019 and 2020.
S&P Global Market Intelligence Adds Trucost Environmental Data to Xpressfeed
Responding to market demand for unique and differentiated data, S&P Global Market Intelligence has released Trucost environmental data through its data feed platform Xpressfeed. Trucost, part of S&P Global, is a provider of carbon and environmental data and risk analysis. The environmental data is the first of several planned initiatives and releases from Market Intelligence to deliver Environmental, Social and Governance (ESG) data solutions and capabilities from its delivery platforms.
Velocimetrics Implements Enterprise-wide Data Lineage PoC at Large European Bank
Velocimetrics has implemented an enterprise-wide data lineage proof-of-concept at a major European bank. Driven by regulation BCBS 239, the bank wanted to achieve automated intra-day reconciliation, correlation and trade netting, but was already challenged to achieve T+1. The primary compliance requirement was to show completeness of reporting, although the project is already showing additional value for risk management and operational resilience. Before implementing Velocimetrics for real-time data lineage across the business stack, the bank used large teams of people to work on correlation and corrections.
Johannesburg Stock Exchange Partners CME Group
The Johannesburg Stock Exchange (JSE) has partnered CME Group, a derivatives marketplace, to offer its first cloud solution. The move modernises JSE’s market data offering that now includes historical equity, equity derivatives, and currency derivatives in the cloud. The historical tick data will enable clients, traders and investors to assess trading opportunities, strengthen their market insights, improve risk mitigation intelligence based on both market and individual stocks’ past performance, and support compliant reporting with more extensive data.
Finastra Partners Xceptor to Automate Reconciliation
Finastra has partnered Xceptor, an intelligent automation software company, to offer new reconciliation functionality to its securities market customers. Xceptor’s out-of-the-box third-party reconciliation functionality allows Finastra’s Fusion Markets customers to automatically reconcile and validate transactions and positions data, including harder-to-handle formats, in a single solution resulting in reduced manual workloads, exceptions and breaks, and improved accuracy and speed. Xceptor extracts and transforms any type of data from any source.
big xyt adds Consolidated View
Market data analytics provider big xyt has released Consolidated View, an extension to its market analysis metrics solutions including the Liquidity Cockpit platform and 250days website dashboard. Consolidated View allows access to a standardised independent view of trading activity across the equity and ETF trading landscape in Europe. Users are able to observe changes in displayed liquidity, dark pools, Systematic Internalisers, periodic auctions, and opening and closing auctions. Visible metrics include value traded, market share, spreads, effective spreads and price movement.
Seed CX Selects Corvil to Support Service Performance
Digital asset exchange Seed CX has selected Corvil to deliver trusted and timely intelligence to assure the performance of its platform. Built for institutional investors, Seed CX’s execution and settlement ecosystem seeks to establish a new standard for reliability and performance. Corvil provides visibility across the company’s client access options and proprietary binary protocol. This allows support teams to understand technology infrastructure and trading behaviour as it happens, simplifying the process of responding to order related client queries. The ability to analyse and tune infrastructure performance means Corvil can enable more efficient, effective and proactive operations.