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London Stock Exchange Acquires Beyond Ratings
London Stock Exchange Group (LSEG) has acquired Beyond Ratings, a provider of Environmental, Social, and Governance (ESG) data for fixed income, as part of continued investment in its Information Services business, which includes FTSE Russell. The acquisition offers an opportunity for LSEG to build out its multi-asset data and analytics capabilities by commercialising Beyond Ratings’…
SS&C upgrades Advent solutions
SS&C Technologies has released version 19.1 of its Advent portfolio management solutions. The Advent products, acquired in 2015, include Advent Portfolio Exchange (APX), a portfolio accounting and reporting solution that includes a new API for portfolios and token-based authentication capabilities. APX regulatory reporting is also improved. Advent Genesis, a cloud-based rebalancing, portfolio construction and trade…
FRTB 2022 Deadline Proves Tricky for Firms and Regulators
Global regulatory implementation of the Basel Committee on Banking Supervision’s (BCBS) Fundamental Review of the Trading Book (FRTB) may be unevenly paced, creating challenges for financial institutions and regulators alike. FRTB was introduced to fix problems that both regulators and the industry perceived with so-called ‘Basel 2.5’ market risk changes, which were put in place…
Delivering Algo Performance through Enhanced Market Simulation
The global shift toward unbundling of research services from execution is forcing sell-side institutions to focus on differentiating their service offerings as they vie for buy-side liquidity in an increasingly competitive marketplace. With soft-commissioned research and high-speed connectivity to trading venues no longer potent as differentiators, the sell side is acknowledging that the quality and…
Iress Targets Europe with QuantHouse Purchase
Australian EMS/OMS platform provider Iress is expanding its European footprint with the acquisition of market data and connectivity provider QuantHouse. The move continues the ongoing consolidation in the trading systems space, and comes less than two years after QuantHouse bought itself out of an earlier, unhappy acquisition by S&P Global Markets. Iress, publicly listed on…
Clarity Partners to Market MDX, IOWA.rocks in APAC
Clarity Partners has been named as sales agent for MDX Technology (MDXT) and its IOWA.rocks affiliate in the APAC region. MDXT provides data and distribution solutions for the global trading community. IOWA.rocks is the new on-demand financial data marketplace for all content creators and content consumers. Under the terms of the agreement, Clarity Partners will…
Chronicle Software Releases Market Data, Stripped Back Messaging Microservices
Chronicle Software, which provides Java-based microservices for the capital markets space, has expanded its line of native C++ libraries and microservices to include a market data distributor and a stripped-back version of its Chronicle Queue persisted messaging solution. The two new capabilities – one at the application level and the other at the framework level…
The Race is on – Corvil’s Next-Generation Trade Execution Analytics Offer Competitive Advantage
Trade execution analytics are taking a leap forward with the application of machine learning and artificial intelligence (AI) to machine-time data. Ultimate results could include the ability to understand, evidentially, the relationship between trading systems performance and trade outcomes. Corvil has been working for about two years to develop machine learning algos that can identify…
ChartIQ to Expand Finsemble Sales on Back of Citi Investment
ChartIQ, a Virginia-based player in the so-called ‘smart desktop’ segment, has received a strategic investment from client Citi, with specific focus on its Finsemble desktop interoperability offering. The company says it will use the Citi cash – which comes hot on the heels of a $17 million series B funding – to expand its sales…
How to Source and Manage Data for FRTB – The Challenges and Opportunities
Sourcing and managing data for Fundamental Review of the Trading Book (FRTB) compliance is no mean feat, but there are options and choices to be made as firms within the scope of the regulation build out compliance programmes ahead of its January 2022 deadline. A panel session at A-Team Group’s recent FRTB briefing in London…