This Week: State Street/Simcorp, Bloomberg, ACA, Broadridge & More
A look at some of the past week’s financial technology news.
State Street and SimCorp Announce Intended Business Partnership
State Street and investment management platform provider SimCorp announced their intent to form a business partnership to provide a fully integrated, front-to-back investment outsourcing solution for insurance firms in Europe, Middle East and Africa (EMEA).
EMEA-based insurance companies will have access to SimCorp Dimension’s cloud-based, multi-asset class capabilities, advanced accounting functionality and managed services, together with State Street’s data management, middle office and custody services on State Street’s Alpha platform. This partnership will also integrate SimCorp Dimension with State Street’s proprietary software solutions, including Charles River Development.
Bloomberg to Offer MSCI ESG Research Data on the Bloomberg Terminal
Bloomberg announced that MSCI ESG Ratings by MSCI ESG Research LLC is now available via the Bloomberg Terminal. Bloomberg Terminal users can access this MSCI data and use it alongside Bloomberg’s other tools, complementing Bloomberg’s existing ESG data sets.
With MSCI ESG Ratings, investors can measure a company’s resilience to long-term, financially relevant ESG risks. By using a rules-based methodology to identify industry leaders and laggards, MSCI rates companies on a ‘AAA to CCC’ scale according to their exposure to ESG risks and how well they manage those risks relative to peers.
The addition of MSCI ESG data on the Bloomberg Terminal gives subscribers a holistic view of company and issuer ESG performance. Additionally, investors can supplement their current research processes by incorporating MSCI’s ESG Ratings into their existing ecosystem of Bloomberg equity, fixed income and portfolio analysis tools.
Deeper Analysis on WatersTechnology.com
Below are five of the most-read stories on WatersTechnology.com from the past week.
On Democracy and Alt Data’s Democratization: Preparing For the US Election
Deutsche Bank First Looks to Interop, Chatbot Projects After Partnering with Google
Banking Experts: Tech Isn’t the Whole Solution to Financial Crime
ACA Compliance Group Launches Enhanced AML KYC/CIP Solution
ACA Compliance Group, a provider of governance, risk, and compliance advisory services and technology solutions for financial services firms, announced the launch of its enhanced anti-money-laundering (AML) solution. ACA’s full-service offering provides firms globally with a dedicated solution for meeting their requirements under various know-your-customer (KYC) and Customer Identification Program (CIP) regulations.
The solution combines ACA’s regulatory technology and managed services to provide firms with faster, more accurate data screening, ongoing monitoring, remediation, and reporting while aiming to increase overall operational efficiencies and cost savings.
The solution introduces new functionality in ACA’s Compliance Alpha RegTech platform powered by ComplyAdvantage’s AI-driven financial crime risk data and detection technology. Through ComplianceAlpha, firms can receive automated, ongoing monitoring of over 90 sanctions and watchlists, politically exposed persons (PEPs), and more than 300 adverse media sources, as well as advanced name matching algorithms for both individuals and entities.
Enfusion Selects Drawbridge Partners for its Vendor Due Diligence Process
Drawbridge Partners, a cybersecurity software and services firm for hedge funds and private equity firms, announced Enfusion, a provider of cloud-based investment management software and managed services, has selected Drawbridge to bolster its vendor due diligence process.
Enfusion will deploy the DrawbridgeConnect platform to manage third-party risk and build a cybersecurity program. DrawbridgeConnect allows users to aggregate internal cyber risk assessment data for analysis and determine program strength and remediation. Firms can assess third-party vendor cybersecurity risk and ensure all shared data is protected. The platform stores vendor information, launches due diligence questionnaires to third party vendors, and tracks response and completion status.
Britannia Global Markets selects Broadridge for International Post-Trade Securities Operations
Broadridge Financial Solutions, a provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers, announced that Britannia Global Markets, a brokerage house and subsidiary of Britannia Financial Group, has selected Broadridge for post-trade processing for its international securities business, including cash equities, fixed income and repurchase agreements.
The SaaS-based solution will provide Britannia Global Markets with a multi-market platform with that will aim to support future growth and respond to regulatory requirements.
TransFICC Enhances Aeron Messaging to Support Multiple Cluster Nodes
TransFICC, a provider of low-latency connectivity and workflow services for fixed income and derivatives markets, announced the completion of a dedicated enhancement to Aeron messaging.
Designed for the Cloud or Deployed servers, Aeron can manage more than 80,000 messages a second on a single thread. The Aeron clustering enhancements allow firms to run the cluster on fewer machines and enabling fast messaging throughput.
BSO Launches Radio Frequency Network Between TMX Group’s Data Center and Equinix Toronto TR2
BSO, a global telecoms operator has launched a new radio frequency (RF) network route for those trading on the Toronto Stock Exchange (TSX) and Nasdaq CXC. BSO’s RF network connects TMX Group’s colocation data center with carrier-neutral Equinix Toronto TR2 to provide the international financial community with a way to trade between these exchanges.
RF is delivered point to point through the air. This connectivity can reduce latencies and enable trades to operate in microseconds rather than milliseconds
BMLL enters into data distribution agreement with US based Crux Informatics
Data and analytics company BMLL announced that BMLL Data Feed will be available to US market participants via Crux Informatics, a data delivery and operations firm. The BMLL Data Feed will be available via API and cloud warehouses.
The data distribution agreement complements BMLL’s existing direct arrangements to deliver data and analytics to it’s US client base, leveraging Crux’s network and pipelines to data consumers and analytics platforms globally.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
After acquisitions, Exegy looks to consolidated offering for further gains
With Vela Trading Systems and Enyx now settled under one roof, the vendor’s strategy is to be a provider across the full trade lifecycle and flex its muscles in the world of FPGAs.
Enough with the ‘Bloomberg Killers’ already
Waters Wrap: Anthony interviews LSEG’s Dean Berry about the Workspace platform, and provides his own thoughts on how that platform and the Terminal have been portrayed over the last few months.
BofA deploys equities tech stack for e-FX
The bank is trying to get ahead of the pack with its new algo and e-FX offerings.
Pre- and post-trade TCA—why does it matter?
How CP+ powers TCA to deliver real-time insights and improve trade performance in complex markets.
Driving effective transaction cost analysis
How institutional investors can optimize their execution strategies through TCA, and the key role accurate benchmarks play in driving more effective TCA.
As NYSE moves toward overnight trading, can one ATS keep its lead?
An innovative approach to market data has helped Blue Ocean ATS become a back-end success story. But now it must contend with industry giants angling to take a piece of its pie.
BlackRock, BNY see T+1 success in industry collaboration, old frameworks
Industry testing and lessons from the last settlement change from T+3 to T+2 were some of the components that made the May transition run smoothly.
Banks seemingly build more than buy, but why?
Waters Wrap: A new report states that banks are increasingly enticed by the idea of building systems in-house, versus being locked into a long-term vendor contract. Anthony explores the reason for this shift.