DiffusionData Receives £1 Million Investment from NEDCF

DiffusionData, the real-time data streaming and messaging platform formerly known as Push Technology, has received a £1 million funding package from The North East Development Capital Fund (NEDCF). Supported by the European Regional Development Fund and managed by Maven Capital Partners, the investment will enable DiffusionData to continue with new product development and quality focus, to maintain and expand customer engagement and satisfaction with the brand and its suite of innovations.

The company will move into the Helix in the Core in Newcastle City Centre, and will open an engineering and testing hub creating 10 jobs in the region.

Horizon Software Announces Connectivity to Singapore Exchange

Horizon Software, the electronic trading and algorithmic technology solutions provider, has announced new direct connectivity to the Singapore Exchange (SGX Group), enabling clients to access and trade on multiple financial markets, make markets on exchange traded funds (ETFs) and hedge in a fast, efficient manner.

As an approved vendor by the exchange, Horizon Software had the first client go live on SGX Securities Trading in November 2022.

OSTTRA and FIA’s DMIST Establish Post-trade Data Standards for Exchange-Traded Derivatives

OSTTRA, the global post-trade solutions company and a member of the FIA’s Derivatives Market Institute for Standards (DMIST), is working with DMIST members to identify a data standard for post-trade processing of exchange traded derivatives (ETD).

The application of a common data standard is required to increase data quality, create operational efficiency, and reduce systemic risk by minimising breaks on trade date. OSTTRA and DMIST have been working with key industry participants to identify the data set required throughout the ETD post-trade workflow, from voice trade recaps to clearing broker booking confirmations.

Grupo Bursátil Mexicano Selects Integral for FX in Latin America

Mexico-based brokerage firm Grupo Bursátil Mexicano (GBM), has selected cloud-based SaaS FX technology from currency technology provider Integral, to empower its growth strategy in Mexico.

Integral’s FX technology solution will provide GBM with direct liquidity connectivity, a sophisticated pricing engine, and complete risk management capabilities, and will support GBM’s voice dealing and fully electronic workflows. As a result, GBM will be able to scale to service its growing customer base and address new market segments.

Iress Develops Feed Handler for Equiduct

Iress, the financial software company, has developed a new feed handler for pan-European retail exchange Equiduct’s Volume-weighted Best Bid and Offer (VBBO) market data feed, which will act as an alternative feed from traditional exchanges and consolidate 15 European markets, including Equiduct’s own central limit order book.

The new solution will be available with Iress’s QuantFeed and ConsolidatedFeed market data solutions and will provide pre-trade, real-time transparency for best execution services. The new feed-handler for VBBO was launched for end clients at the beginning of March 2023. Iress and Equiduct plan to co-promote the new solution to retail banks and retail brokerages across the UK and Continental Europe in the coming months.

Kensho Classify NLP Solution Sifts Market Signals Form Thousands of Documents

Kensho Technologies, an S&P Global company, has released a natural language processing (NLP) solution, Kensho Classify, that derives value from vast amounts of text and documents by making content more discoverable, enabling analysis of text, smart search, content recommendations, and streamlined research and analysis. The solution is tuned for complex business and finance use cases, allowing users to find concepts and topics within documents in a fast and efficient way, with no machine learning or technical skills required. For capital markets participants, the solution can help find market signals from thousands of documents.

Kensho recently introduced the Named Entity Recognition and Disambiguation (NERD) UI, an NLP solution optimised to extract and understand all types of entities in text documents using a context-aware model. The UI allows users to gain insight into the who, what and where of any document. Classify is a sister solution offering insight on more abstract topics spanning sentences or paragraphs. Together, NERD and Classify can give a complete picture of large amounts of text in a quick and efficient manner.

Qlik Connector Factory Extends Access to SaaS Data for Cloud Analytics

Qlik has introduced Connector Factory in line with its strategy to continually expand access to and delivery of data from hundreds of SaaS applications and data sources to meet enterprise cloud analytics and data integration needs. The company already offers over 250 connectors and through 2023 will add a further 100 connectors for Qlik Cloud Data Integration. The initial delivery of new connectors is expected over the next two quarters and includes support for 30 of the most popular enterprise applications including NetSuite, Workday, SAP SuccessFactors, Salesforce, Epic, Cerner, OSIsoft, ADP, SAP Ariba and HubSpot.

Latin American ESG Services Provider NINT Acquired by ERM

NINT, a Latin America-focused ESG research company that offers due diligence and other advisory services to financial institutions, has been bought by ERM. Rio de Janeiro-based NINT will provide assessments of sustainability-liked assets and support issuance and debt structuring expertise.

Clarity AI, CDP to Jointly Build Sustainability Tech Tools

Clarity AI and CDP are to jointly develop new technology products to help financial institutions to gauge their environmental impact. London-based Clarity AI, a sustainability technology platform, will use data from CDP in its Net Zero tool and will calculate the disclosure body’s Climetrics database for ETFs and funds.

Breakthrough in European Green Bond Labelling

The European Union has agreed to create standards for its proposed green bond labelling framework, bringing one of the thorniest debates among the region’s regulators closer to a resolution. The proposed standards set the guidelines that bond issuers should follow before they can confidently describe their debt as “green”.