ED&F Man Deploys TS Imagine for Risk and Margin Management

ED&F Man Capital Markets has deployed TS Imagine’s real-time risk, compliance and margin platform, to manage initial and variation margin risk for SPAN and VaR based methodologies across its futures and options trading and clearing business, replacing its legacy systems with TS Imagine’s fully-hosted, SaaS solution for high-volume, real-time analytics on cross-asset exchange-based and OTC trading. The platform is now live, and since deploying the platform, which displays risk, profit/loss and margin analytics side-by-side, ED&F Man has already seen improvements to data management, aggregation and reporting capabilities, according to the company. TS Imagine was formed earlier this year with the merger of TradingScreen and Imagine Software.

BMLL Launches Level 3 Futures Data Service

Data and analytics vendor BMLL has expanded its Level 3 data set with full-depth order book data from CME, Eurex and ICE. The service covers all major futures asset classes, including equities, fixed income, short-term interest rates, commodities, cryptocurrencies and FX. The new data sets will provide clients with the ability to do complex, Level 3 Data analysis at scale across venues and markets, according to the company. With the harmonised data and the BMLL Data Lab, clients can look at multiple years of trading history on CME, Eurex and ICE in a consistent format, to enable rapid testing of trading strategies.

Avelacom Broadens Partnership with Singapore Exchange and Reduces Latencies

Low-latency connectivity and infrastructure provider Avelacom has broadened its partnership with Singapore Exchange (SGX), adding a colocation capability. Avelacom’s new server rack will be situated next to SGX’s core matching engine, providing round-trip network latency of less than 20 microseconds, which Avelacom claims is the fastest in the market. Avelacom has partnered with SGX since 2016. With its new colocation services, the company will provide enhanced infrastructure capabilities for trading on SGX, split into single-unit offerings to create a simple starting point for investors who are new to the Singapore markets.

CQG Launches New Suite of Execution Technologies

Chicago-based trading solutions vendor CQG has launched a new suite of execution technologies designed to give market participants new tools to achieve greater efficiencies and optimal trade execution, particularly for large or complex order types. The new suite builds upon software assets CQG acquired from Blue Trading Systems in June 2020, and leverages CQG’s internally-developed technology aimed at providing smart trade execution opportunities for buy-side and sell-side firms.

Kevin Darby, formerly co-founder of BTS who joined CQG last year to lead the integration of the software, is now leading CQG’s new Execution Technologies business unit.

The offering is available through multiple platforms, including CQG Integrated Client, CQG Desktop and various CQG-supported application programming interfaces (APIs).

TNS Strengthens Backbone for European Equities Exchanges

TNS, the financial markets infrastructure provider, has invested in strengthening its European backbone and data solutions, offering ultra-low latency TNS Layer 1 in-datacentre architecture, and expanded market data from all major European equities exchanges.

The company has also added Wiener Boerse AG, which operates the stock exchanges in Vienna and Prague, to its market data portfolio, and is now working with Deutsche Börse to provide access to Eurex and Xetra market data for non-member firms. The additions complement TNS’ existing European equities data portfolio, which includes Cboe Europe, Euronext, Aquis, LSE and SIX Swiss, among others.

MayStreet Adds High Performance Query API to Market Data Lake

New York-based market data technology vendor MayStreet has launched a High Performance Query (HPQ) API to its Market Data Lake, a cloud-based repository of global, cross-asset exchange data, to complement its existing APIs and web-based Analytics Workbench.

The HPQ API enables clients to instantly stream near real-time and historical full-depth data at distinct time intervals of their choosing, without having to pull down an entire day’s worth of market data. In addition to raw tick data, the new API also offers pre-configured calculations for TWAP, VWAP or Completion Time.

The HPQ API is designed to support a number of use cases, including TCA, order routing analysis, volatility fitting, trade desk support and risk. Future enhancements to the API will be introduced starting in Q1 2022.

QuantCube Launches Crude Oil Risk Sentiment Indicator

Alternative data specialist QuantCube Technology has launched the QuantCube Crude Oil Risk Sentiment Indicator, which uses natural language processing (NLP) in Arabic and English to accurately capture short-term market risk and predict price movements. By using Arabic social media data, information available on crude oil is increased more than five-fold, creating the most comprehensive crude oil sentiment indicator in the market, according to the company. The Indicator processes multiple factors impacting crude oil prices in real time, including OPEC meetings, production and stocks. As a result, Quantcube claims it can provide insights several hours in advance of traditional news outlets, giving commodity traders and hedge funds an edge in the market.

Archax Completes First Fundraising Round for Subsidiary Montis Digital

Archax, the UK regulated and registered digital securities exchange, broker and custodian, working with DLA Piper, has completed the first fundraise on its Primary Issuance Platform, an oversubscribed round of $1.5 million for its recently announced Montis Digital subsidiary, which is building blockchain-based market infrastructure for the post-trade ecosystem.

Participants in the raise were onboarded through the Archax website portal, with holdings maintained and recorded in the Archax regulated custody service, ready for future digital token issuance. The DLA Piper regulatory compliance platform was also used to automate the applicable regulatory requirements and to create the required legal documents for participating in a digital issuance. Also party to the raise was US broker/dealer GB Capital Markets, acting as placement agent for US investor participants.

SmartStream Adds Intelligent Exceptions Management Design to SmartStream Air

Financial solutions provider SmartStream Technologies has launched a new intelligent exceptions management design for its cloud-native AI-powered SmartStream Air solution. The enhancement, which follows the release of TLM Aurora Universal Data Control earlier this year, is designed to further simplify the typically complex and manual exceptions management process for data reconciliations. The new design aims to reduce manual touchpoints around identification, prioritisation, allocation and audit, and to provide real-time and dynamic business insights and analytics, for more effective management of risk and greater operational insight.

ION Commodities’ Openlink Replaces 30+ Legacy Systems at Constellation

ION Commodities, a global provider of commodities trading and risk management solutions, has implemented its Openlink CTRM solution at Constellation, a US provider of clean energy solutions. Openlink will manage Constellation’s end-to-end wholesale energy operations, replacing over 30 legacy systems, and will serve as a single source of truth and system of record. The ‘Wholesale Transformation Program’ project enables Constellation to manage its global commodity business through a single CTRM, covering trading and risk management operations for power, natural gas, emissions, renewable energy credits, and other fuels It is expected to save Constellation thousands of hours on manual processes and data reconciliation, and to provide a simplified technology infrastructure, delivering improved operational processes, increased automation, consolidated risk management across business lines, and a scalable solution that supports business growth.