This Week: Opensee/Kepler Cheuvreux, Duco, Eurex/Trading Technologies & more.

Kepler Cheuvreux taps Opensee for trade management and execution analytics

Financial services firm Kepler Cheuvreux will become the first financial institution to adopt Opensee’s cloud service for trade management and execution analytics. The tool lets users analyze internal and third-party trading data. Kepler Cheuvreux intends to use the service internally at first, and then offer it to clients too.

Duco unveils tool to help firms negotiate incoming reporting requirements

Data automation company Duco has announced the rollout of a no-code service to help firms reporting derivatives trades to comply with the data quality requirements of the upcoming Emir refit.

The refit has introduced new data and reconciliation requirements for firms reporting to trade repositories (TRs). There are 89 new reportable fields, while 15 have been removed and others have seen changes to their names, formats or definitions. Phase I of the refit comes into effect in April 2024.

The Duco platform’s no-code functionality aims to help institutions rapidly remap existing processes or build new ones without technical knowledge. It also helps firms reconcile sent and received data with the TRs and regulators after reporting.

Trading Technologies and Eurex team up to offer RFQ tool on trade execution screen

Trading Technologies (TT), a provider of trading software, infrastructure and data solutions, has partnered with European derivatives exchange Eurex Frankfurt to provide access to Eurex’s EnLight selective request-for-quote (RFQ) solution from within the TT platform by the end of 2023. The agreement will allow institutions on TT’s distribution network to view their RFQ and trade execution activity on a single screen.

Eurex EnLight helps market participants to manage large-scale orders, but most activity on the system currently takes place through the Eurex front-end platform. The integration of EnLight with TT will enable institutions with larger scale execution requirements not suited for the central limit order book to extend and accept quotes from market participants with which they have relationships (like market makers and inter-dealer brokers), from their trading screens.

DSB announces launch dates for OTC derivatives identifiers

After receiving a mandate from the US Commodity Futures Trading Commission (CFTC), the Derivatives Service Bureau (DSB) has announced that its Unique Product Identifier (UPI) Service for OTC derivatives will be available beginning April 2023.

The CFTC recently issued a designation order requiring that market participants use the UPI for swaps recordkeeping and data reporting in the United States from 29 January 2024.

The UPI is designed to improve the process of aggregating OTC derivatives transaction reports to help authorities analyze OTC trade reporting data and identify systemic risk and market abuse. Reporting parties are being mandated to incorporate the UPI into their reporting workflows and submit them to trade repositories.

To help users adopt the new product classification system, the DSB’s UPI User Acceptance Test environment will be available on April 17, 2023, nine months before the mandate comes into effect. An onboarding and support platform will come online at the same time, helping clients to manage their UPI user access and connectivity requirements.

Finbourne and Tumelo partner on voting insights

Finbourne Technology and investor voting fintech Tumelo have announced a partnership to integrate Tumelo’s voting technology into Finbourne’s investment management platform, Lusid. The tool is designed to help fund managers better understand investors’ voting interests.

Tumelo’s platform, captures investor preferences via pass through voting or expression of wish. It then aggregates investor vote preference data and provides vote policy information and investor voting insights.

Discover launches knowledge-sharing site

Fintech company Discover has created a website to help individuals hone their technological nous. On the site, called Discover Technology Experience, the company’s developers share expertise and provide a platform for knowledge sharing and collaboration in financial technology.

The company also announced it has officially joined the Linux Foundation as a silver member and the Fintech Open Source Foundation (Finos) as a gold member. This allows Discover to partner with developers and organizations to code, manage, and scale open technology projects.

Kyriba and Jiko partner on T-bill management

Fintechs Kyriba and Jiko have partnered to help Kyriba clients manage T-bill holdings. Jiko’s Money Storage tool allows companies to invest money in T-bills held at BNY Mellon, selecting from a range of maturities to help manage cash flow.