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ICE Benchmark Administration Releases Beta Extensions for ICE Swap Rate Benchmark
Intercontinental Exchange (ICE) subsidiary ICE Benchmark Administration has released indicative Beta versions of its USD SOFR ICE Swap Rate Swap Spreads and EUR €STR ICE Swap Rates. The swap spreads and rates expand the ICE Swap Rate benchmark and are determined using IBA’s published ICE Swap Rate waterfall calculation methodology. They are available here. The…
BNP Paribas Becomes First EU G-SIB to Join GLEIF Validation Agent Programme
The Global Legal Entity Identifier Foundation (GLEIF) continues to build out the Global LEI System (GLEIS) with the addition of BNP Paribas as a Validation Agent. The addition of BNP Paribas marks the first global systemically important bank (G-SIB) headquartered in the EU to join the Validation Agent programme. Most recently, the GLEIF added Nord…
Bloomberg Releases Tool for Sustainable Investment Screening
Bloomberg has released a tool that helps investors assess portfolios, funds and indices based on sustainability criteria and thresholds customised by the user. Available on the Bloomberg Terminal and based on the company’s ESG data, the solution facilitates a transparent screening process and can be used for both making investment decisions and to help clients…
Snowflake Releases Arctic Open-Source LLM for Complex Enterprise Workloads
Snowflake has released Arctic, an open-source large language model (LLM) designed to deliver top-tier intelligence and efficiency at scale, and optimised for complex enterprise workloads. The company’s debut of its own open-source LLM takes it into competition with the likes of OpenAI’s GPT-4, Google’s Gemini, Meta Platforms’ Llama 2 and Mistral AI’s Mixtral. Snowflake Arctic…
A-Team Group Names Winners of Innovation Awards 2024
A-Team Group has named the winners of its prestigious Innovation Awards 2024. The awards celebrate innovative projects and teams across vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets with a focus on data management, trading technology, RegTech or ESG. This year’s…
CUSIP Global Services Adds AI Search Functionality to CGS CUSIP Access
CUSIP Global Services (CGS) has added AI-powered search functionality to CGS CUSIP Access allowing users to perform advanced searches using plain text and eliminating the need to enter values into separate boxes in an advanced search window. The AI search tool uses a large language model (LLM), the GPT-4 model provided by Microsoft Azure OpenAI…
European Firms Ready for Next Week’s UPI Regulatory Reporting Deadline
The Derivatives Service Bureau (DSB) has released data on industry readiness for European Unique Product Identifier (UPI) regulatory reporting requirements that are part of EU EMIR Refit regulations. The EU will implement UPI reporting from 29 April 2024, the second G20 jurisdiction to do so following the US that went live from 29 January 2024,…
Nord vLEI Becomes First European GLEIF Qualified vLEI Issuer
Nord vLEI has become the first European-based verifiable LEI (vLEI) issuer qualified by the Global Legal Entity Identifier Foundation (GLEIF). Nord vLEI is a subsidiary of NordLEI, the leading LEI issuer in Scandinavia and eighth largest globally, with more than 165,000 LEIs issued since 2014. The vLEI is a digitised organisational identity that meets global…
GoldenSource Offers SaaS EDM Solutions on AWS Marketplace
Enterprise data management (EDM) technology provider GoldenSource has made a range of EDM solutions available on AWS Marketplace. Financial services companies including hedge funds, asset managers, asset servicers, custodians, banks and brokers can access third-party software, data, and other services on the cloud platform via the New York- and London-based company’s new AWS Marketplace presence….
The Potential and Pitfalls of Large Language Models
By Tony Seale, Knowledge Graph Engineer at Tier 1 Bank. Large Language Models (LLMs) like ChatGPT possess enormous power, stemming from their capability to ingest and compress vast amounts of general information gathered from the web. However, this capability is general rather than tailored to your specific business needs. To effectively utilise these models in…