Rate of Annual Sanctions Growth Nears 15%, According to Refinitiv Report

The Russia-Ukraine war has caused rapid sanctions inflation since March in several autonomous sanctions programs, contributing to a sanctions inflation rate of 14.6% year on year, according to London Stock Exchange Group’s Refinitiv Global Sanctions Index (GSI).

Refinitiv’s annual GSI white paper, the second edition of which was released last week, measures and analyses rising hyperinflation of autonomously issued sanctions programmes. The rapid inflation since March marks what Refinitiv describes as a major shift in the volumes of sanctions autonomously issued by national governments or regional bodies. The once-prevalent consensus-based sanctions mechanisms created under the aegis of the UN are an increasingly minor component of the GSI, representing just 2% of overall sanctions.

Companies Linked to Climate Risk Surges in Two Years, Says RepRisk

The percentage of companies whose business is at risk of climate impacts has risen 70 per cent in two years, according to technology provider RepRisk, which uses a variety of geolocated datasets to establish ESG hotspots around the world. Of those, 80 per cent were private companies. The number of companies at risk is now 2,200, 1,500 of which are private, RepRisk said.

ICE Service Enables Disclosure According to TCFD Framework

Intercontinental Exchange (ICE) has unveiled a tool that helps its financial institution clients disclose their sustainability performance in line with Taskforce for Climate-related Financial Disclosures (TCFD). The new service pulls in ICE’s climate transition data and analytics, corporate-entity and green bond data.

Proprietary Trading Firms Plan to Increase Tech Spending in 2023, says Industry Report

Proprietary trading firms are increasing their technology budgets in anticipation of another strong year of trading in 2023, according to the latest Acuiti Proprietary Trading Management Insight Report, produced in partnership with Avelacom

The report surveyed over 100 senior proprietary trading executives from across the globe and found that 68% were planning above average technology budgets in 2023. Reflecting the importance of speed in times of volatile market conditions and droughts of liquidity, their stated focus areas will be improving latency, as well as connectivity to new markets.

EFRAG Gives Nod to EU Corporate Sustainable Reporting Standards

ESG reporting standards for European companies have been approved. The European Financial Reporting Advisory Group (EFRAG) gave its backing to the final version of the European Sustainability Reporting Standards (ESRS), which will prescribe how companies must disclose their ESG performance.

EuroCCP Rebrands to Cboe Clear Europe

Pan-European clearing house EuroCCP, which was acquired by Cboe Global Markets in July 2020, has rebranded to Cboe Clear Europe with immediate effect. Under Cboe’s ownership, Cboe Clear Europe has enhanced its position as a leading pan-European cash equities clearing house, as well as diversifying into equity derivatives following the launch of Cboe’s pan-European derivatives exchange, Cboe Europe Derivatives (CEDX), in September 2021.

Cboe Clear Europe will continue to operate as an independent subsidiary of the Cboe group, retaining a separate governance structure and management team.

With Intelligence Launches With HFM Data Service to Provide Actionable Insights on Hedge Fund Market

With Intelligence, the investment intelligence provider, has launch a new data service onto its data and insight platform. With HFM merges insights from the HFM ecosystem with those of EurekaHedge, alongside market insights from a team of specialist journalists, to provide rich data on investors, performance data on funds including indices, and mandates (RFPs).

The new With HFM service also offer a filterable dataset of investors’ intentions and preferences, to provide an actionable overview of the latest market moves.

Liquidnet Integrates Proprietary Trading Analytics into Equities Trading Application

Technology-driven agency execution specialist Liquidnet has announced the integration of the firm’s proprietary trading analytics into its equities trading application. Powered by Liquidnet Investment Analytics (IA), traders will now have access to personalised pre- and intra-trade analytics through real time alerts and intuitive visualizations within the Liquidnet equities application.

With this new workflow enhancement, Liquidnet aims to address the challenge of applying data analytics to high touch flow and hard to trade orders.

Vantage Launches UK Liquidity Service, Vantage Connect

In response to growing demand among its clients for bespoke trading solutions, Vantage, the international multi-asset broker and trading platform, is launching Vantage Connect, a liquidity solution for institutions and corporates in the UK.

The new product, which is customised according to clients’ needs across the full range of Vantage’s services, aims to help institutional clients to manage volatility effectively and make the most of market opportunities by leveraging Vantage’s liquidity pool to quickly buy and sell complex assets.

Investors Fear Poor Reporting Undermines Investment, Trust in ESG

Investors are concerned that corporations’ ESG disclosures aren’t detailed enough. A survey by EY found that about three-quarters of investors didn’t believe the companies in which they invested gave sufficient data-driven insights on which to make decisions. This is undermining the smooth running of capital markets and eroding trust in ESG, the survey stated.