JamLabs to Launch Online Data Selling Platform

Toronto-based JamLabs Data Science, a full-stack data science solution and advanced analytics provider, is launching jShop, a cloud-based product management platform that will enable companies to monetise their valued data by creating online white-labelled stores.

jShop’s adapters will allow customers to quickly load and publish their data catalog from major platforms like AWS, Snowflake, and Databricks, reducing onboarding time from weeks to days, according to the company. Clients will be able to create licenses that charge according to gigabyte accessed, or based on slices selected by customers.

Many Firms Are Not Data-Ready for SFDR Level 2

Many financial institutions have yet to grasp the data implications of the European Union’s ESG reporting regulations, while others are scrambling to put in place processes to comply with the developing set of disclosure rules. Read the full story on ESG Insight here.

Deutsche Börse Acquires Kneip Fund Data Manager

Deutsche Börse is close to acquiring 100% of Luxembourg-based fund data manager Kneip, expanding its offering in the asset management service space. Established in 1993, Kneip manages investor disclosure and data publication for more than 10,000 funds in over 40 countries, servicing over 30% of EU-based fund ISINS. Kneip will be integrated with the German exchange group’s established fund service platforms with the aim of creating a leading fund data service hub in Luxembourg. The transaction is expected to close this month.

New ISO Standard Extends Use of LEI-Based Digital Identity Tools

A recently published ISO standard, ISO 5009, has the potential to extend the utility and value of Legal Entity Identifier (LEI) based digital identity tools by facilitating the inclusion of ‘official organisational role’ detail within them in a consistent manner. ISO 5009 paves the way for these tools – such as verifiable LEI (vLEI) credentials and digital certificates with embedded LEIs – to become a universally trusted method of digitally confirming the authenticity of people authorised to act on behalf of an organisation.

Published in February 2022, ISO 5009 permits global uniformity of the listing of official organisational roles by jurisdiction in a structured way. This means that roles of persons acting officially on behalf of an organisation may be specified by a legal entity and incorporated into existing and future digital assets leveraging the LEI.

Stephan Wolf, CEO at GLEIF comments: “In business and regulatory exchanges, it is important to confirm the official roles of people acting on behalf of organisations. In a digital context this can be challenging yet uncompromisingly necessary as we move towards creating and sustaining a digital global economy. For this reason, GLEIF has been committed to the realisation of this ISO standard as it is a significant step forward towards addressing that challenge.”

TNFD Publishes Draft Framework for Risk Management, Disclosure

The first beta version of the Taskforce on Nature-related Financial Disclosures’ (TNFD) framework for risk management and reporting has been unveiled for consultation. The taskforce, an alliance that counts executives from Bank of America, BlackRock and Néstlé among its members, is dedicated to guiding corporates and financial institutions on making better decisions on activities that have an impact on the natural world. Over the next 18 months stakeholders and market participants will refine and develop the proposed framework.

Sustainalytics Broadens its SFDR PAI Data Provisions to 13,000 Issuers

ESG research, ratings and analysis firm Sustainalytics has updated its data provisions covering key impact assessments necessary for European regulatory compliance. The company’s Sustainable Finance Disclosure Regulation (SFDR) Principle Adverse Impact (PAI) tool now cover 13,000 issuers. PAIs are a set of ESG impact tests against which financial institutions will be expected to gauge their investment decisions.

CQG Rolls Out New Cloud-Based Trading and Analytics Platform

Trading technology solutions provider CQG is conducting a phased roll-out of its new cloud-based trading platform, CQG One. The platform is designed for professional traders and institutional investors, and combines design features of the firm’s retail-oriented CQG Desktop platform with market data, charting, visualization and advanced analytics features of CQG Integrated Client, its professional trading platform.

The multi-asset, multi-broker platform will be available through futures commission merchants (FCMs) beginning in April, with new functionality added throughout the year. Institutional clients will be able to utilize a Windows-installed version of CQG One in the future.

Bloomberg Launches All-to-All Bond Trading Service

Bloomberg has launched Bloomberg Bridge, a new global all-to-all service that supports intermediated trading for corporate and emerging market bonds. Users of the service will be able to launch Request for Quote (RFQ) tickets for applicable securities or respond to an RFQ to seamlessly execute a trade, supported by dedicated Goldman Sachs intermediation desks.

The service, which is designed to offer users the ability to source a deep pool of liquidity from Bloomberg’s global network of institutional investors and dealer firms, is scheduled to go live in Europe in Q2 2022, followed by the US and APAC.

BidFX Integrates with Finastra, for Automated Trading Workflow

BidFX, the FX execution management system (EMS) vendor, has integrated its platform with Finastra’s Fusion Confirmation Matching Service (CMS), providing combined front office to back office workflow capabilities for mutual clients, from execution to settlement.

The end-to-end workflow provided by the combined BidFX/CMS solution aims to increase straight-through processing and reduce operational risk for clients.

RiskBusiness Acquires Gold Operational Loss Database

RiskBusiness Services has acquired the Global Operational Loss Database (Gold) from partner UK Finance, the former British Bankers Association (BBA). RiskBusiness, a UK-based provider of SaaS-based compliance solutions, plans to offer the Gold database to allow firms to benchmark and measure their exposures to operational risk.

Mike Finlay, CEO and Chief Product Architect, RiskBusiness, says: “As the regulatory community have recognised that theoretical capital calculation models do not, in of themselves, reduce a firm’s exposure to operational risk, so have firms recognized that there are other uses for external loss data than just for capital modelling purposes. If a firm wishes to manage operational or non-financial risk within its risk appetite, then it needs to be able to benchmark and measure itself against its peers in the industry. Gold by RiskBusiness provides exactly the necessary, high quality, external dataset to facilitate proactive risk management, benchmarking and informed decision making.”