Bank of England and FCA Artificial Intelligence Public-Private Forum Publishes Final Report

The Bank of England and Financial Conduct Authority’s Artificial Intelligence Public-Private Forum (AIPPF), which was set up in October 2020 to share information and understand the practical challenges of using AI within financial services, has published its final report.

The report focuses on three areas of potential risk in AI systems – data, model risk, and governance – and explores barriers to adoption, challenges and risks in each of the areas. It also considers how to address these barriers and challenges, and mitigate potential risks, and provides examples of best practice. Ultimately, it aims to advance collective understanding and promote further discussion among academics, practitioners and regulators to support safe adoption of AI in financial services.

Refinitiv Teams with Microsoft, ModuleQ to Launch AI Alerts

Refinitiv has launched a market-data powered intelligent assistant, Refinitiv AI Alerts, designed to provide personalized, timely and actionable market insights for financial professionals. The product is powered by AI specialist ModuleQ, and is the latest solution to be launched as part of Refinitiv’s collaboration with Microsoft, announced in 2020. User-specific content suggestions and alerts are driven by ModuleQ’s proprietary algorithms and Refinitiv’s  Intelligent Tagging service, and are linked back to Refinitiv Eikon and Workspace for deeper analysis and action.

OpenFin and Edgewater Markets Partner to Extend FX Trading Desktop Capabilities

OpenFin has partnered with technology provider Edgewater Markets to provide extended native desktop capabilities for FX traders. The full suite of products by Edgewater Markets is now available on OpenFin and is being distributed to clients globally. By leveraging OpenFin’s OS, Edgewater Markets now offers enhanced UX/UI across the desktop, including window management for efficient workflows and desktop real estate management, while maintaining enterprise grade security, zero install, memory retention and native desktop capabilities.

CMC Markets Connect Signs Distribution Agreement with Integral

Institutional trading and technology solutions provider CMC Markets Connect, has announced a distribution agreement with Integral, provider of cloud-based eFX workflow solutions. Under the agreement, CMC Markets will distribute its Spot FX and Indices, Treasuries and Commodity CFDs, including over 12,000 CFDs covering a range of single stocks and ETFs. Integral clients will have the ability to access pricing as well as execute trades.

GoldenSource to Host FactSet ESG Data

Data provider FactSet’s content has been made available on GoldenSource’s ESG Impact service. Netherlands-based GoldenSource will in turn be listed in Factset’s Open: FactSet Marketplace, where more than 200 feeds, APIs and other products vie for the eyes of financial institutions. FactSet’s Tuvalu Labs ESG data will be included in the feed, which GoldenSource will combine with fundamental and reference data in its sustainability-focused EDM product.

Refinitiv AI Alerts Provide Actionable Market Insights for Financial Professionals

Refinitiv, an LSEG business, has launched Refinitiv AI Alerts, a market data powered intelligent assistant available in Microsoft Teams. The solution provides personalised, timely and actionable market insights for financial professionals including asset managers, investment bankers, analysts, wealth managers, and traders. It has been built in collaboration with ModuleQ, a leader in human-centered AI, with user specific content suggestions and alerts driven by ModuleQ’s proprietary algorithms and Refinitiv’s Intelligent Tagging service, the whole linked back to Refinitiv Eikon and Workspace for deeper analysis and action.

Refinitiv AI Alerts is the latest solution to be launched as part of Refinitiv’s collaboration on financial services with Microsoft, announced in 2020. Andrea Remyn Stone, group head, data and analytics at LSEG, says: “Microsoft Teams has become an indispensable platform for professionals across financial services, with institutions accelerating their adoption, and increasingly integrating critical data and tools into the platform to simplify the workflow and user experience. Refinitiv AI Alerts brings critical content and insights to Refinitiv’s customer base within this platform, with the goal of allowing users to discover and act on timely information across Teams, Refinitiv solutions and Microsoft 365 seamlessly.”

DTCC Adds Treasury Kinetics, Makes Data Services Available in Snowflake Data Marketplace

DTCC has released DTCC Treasury Kinetics, a service providing access to US treasury transaction data and increasing transparency into the repurchase agreement (repo) market. Using data from the government securities division of DTCC subsidiary Fixed Income Clearing Corporation, the service provides a daily summary of aggregated and anonymised trade activity including number of trades, volumes, dollar amounts and rates for delivery vs. payment repo. The service also provides historical data dating back to 2011, allowing users to back-test current repo data against historical events.

DTCC Treasury Kinetics is the latest service in the firm’s ongoing effort to deliver data that helps clients better navigate market uncertainty. DTCC is working to expand access to Treasury Kinetics and other data services products by making them available on cloud-based marketplaces, beginning with Snowflake Data Marketplace, which is expected to be available in the first quarter of 2022.

Euroclear to Use Taskize for CSDR Penalty Appeals

Euroclear is expanding its use of Taskize’s collaboration tools as the preferred channel for its 2,000+ members to appeal penalties at both the International Central Securities Depository (ICSD) and its domestic CSDs, under the upcoming CSDR Settlement Discipline Regime. Using a Taskize Bubble that has been specifically built around a penalty appeal template, Euroclear members will have a single digital channel to manage the penalties and appeals process.

Trade Surveillance Hindered by Fragmented Systems, VoxSmart Study Finds

Almost 70% of financial institutions believe that fragmentation of their approach due to siloed surveillance systems increases the risk of market abuse, according to a VoxSmart survey of almost 80 investment banks, brokers, and investment managers. The findings come as the potential for market abuse continues to accelerate globally as financial institutions continue to adjust to the new hybrid working world, according to the company.

BNP Paribas Adds IHS Markit as Calculator for Uncleared Margin Rules

BNP Paribas Securities Services has added IHS Markit as an initial margin calculation source to its existing service for clients that are in-scope for Uncleared Margin Rules (UMR) in derivatives markets. The expanded collaboration complements the valuations services that IHS Markit has provided BNP Paribas Securities Services since 2012. BNP Paribas offers a full end-to-end solution for Regulatory Initial Margin (IM) with IM Calculation, Exposure Management and IM Segregation in Triparty.