Spectrum Markets, a pan-European trading venue for securitised derivatives, is collaborating with Euronext Securities Milan, the Central Securities Depository (CSD) for the Italian financial market formerly known as Monte Titoli, to further enhance connectivity and provide pan-EU post-trade solutions. The new agreement responds to strong demand from Italian financial institutions wanting to join the venue but requiring the option of local settlement. Spectrum will connect to Euronext Securities Milan’s X-TRM settlement infrastructure which will handle: trade capture and enrichment; bilateral aggregation and netting; sending of settlement instructions to Target-2-Securities (T2S).

Technology provider Edgewater Markets has partnered with OpenFin, the operating system (OS) for enterprise productivity, 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.    The decision to migrate to OpenFin was due to customer demand based on browser workflow limitations. By using OpenFin, Edgewater Markets can now deliver a more flexible UX that allows users, such as Tier 1 and 2 banks, emerging market and regional banks, macro funds, high frequency funds, pension funds, and corporates, to customise their

SteelEye, a compliance technology and data analytics firm, has achieved System and Organisation Controls (SOC) 2 compliance.   SOC 2 is a gold standard in the financial industry that assesses firms’ safeguarding of customer data. Defined by the American Institute of CPAs (AICPA), it covers the principles of Security, Availability, Confidentiality, Processing Integrity and Privacy. The SOC 2 accreditation follows a record year of growth for SteelEye, where the company saw revenues grow by 88 per cent in 2021. The firm – which is headquartered in the UK – expanded into the US last year, appointing RegTech veteran Brian Lynch

Houston-based ESG Enterprise, a US provider of ESG software as a service (SaaS) and a data analytics platform covering NGOs and governmental bodies, has partnered with specialist ESG data and scoring platform GaiaLens. ESG Enterprise is an SaaS application with ESG data on over 40,000 public, private, municipal and non-profit organisations. Much of this data goes into assessments and reports covering organisations’ activities in more than 100 countries. GaiaLens analysis covers over 16,000 public companies, with market leading insight into ‘hard to identify’ social and governance data as well as environmental data. This includes data on themes linked to the

NEOR Crypto Volatility Fund Ltd (NEOR) has appointed Apex group to provide fund administration and transfer agency services. NEOR is a long/short quantitative algo crypto vol trading fund with strategies based on artificial intelligence combined with deep-learning models aimed at identifying trading opportunities by digesting real-time data from multiple sources. Eagle Eye Finance Sàrl is the exclusive FINMA-regulated Investment Management arm of NEOR for digital asset markets.   NEOR represents a regulated avenue for investment in this innovative and evolving asset class. Through the launch of NEOR, investors can now engage in the cryptocurrency space within the framework of internationally

BVNK its clients the ability to allocate cryptocurrencies to earn yield, benefiting from the underlying technology of ClearLoop, Copper’s unique instant settlement trading network. Through the BVNK banking platform, clients can bridge between fiat currencies and digital assets to manage payments, yield, trading and custody.  With deposits starting at a minimum of USD50,000, BVNK’s flagship Yield service enables businesses to generate returns that typically range between 4 per cent and 8 per cent APY in USD Coin (USDC) and Tether (USDT). BVNK Yield is delivered via the largest and best-positioned institutional lending desks in the industry and entails no direct

BNP Paribas has launched Bridge by BNP Paribas, a digital capital introduction platform, offered exclusively to institutional investors and hedge fund clients serviced by the bank’s Prime Services business.

BNP Paribas Securities Services, a global custodian offering a full end-to-end solution for Regulatory Initial Margin (IM) with IM Calculation, Exposure Management and IM Segregation in Triparty, has added IHS Markit as an initial margin calculation source to its existing service for clients that are in-scope for uncleared margin rules in derivatives markets. The expanded collaboration complements the valuations services that IHS Markit has provided BNP Paribas Securities Services since 2012. Leveraging advanced analytics, proprietary data and expert analysts, IHS Markit provides sensitivities fed into BNP Paribas Securities Services’ middle-office platform via a CRIF (Common Risk Interchange Format) file to

Barclays clients will be able to access derivatives and swaps on hedge fund strategies via a new platform, according to a report bye Bloomberg. Anonymous sources familiar with subject are quoted as saying that the bank’s prime brokerage team is working on the project with the aim of initially providing access to a dozen or so hedge funds.  The new platform, which will be in competition with Morgan Stanley’s ALPHAS and Deutsche Bank AG’s dbSelect platforms, will allow Barclay’s clients to profit indirectly from the returns generated by hedge funds, which typically demand high investment commitments from investors.

Cryptocurrency Exchange EQONEX has launched BTC Dated Futures with physical settlement allowing traders to use commonly deployed derivatives trading strategies in cryptocurrency markets. This latest launch by EQONEX follows the introduction of Cross Collateral functionality, ether (ETH) Perpetual Futures, and BTC Perpetual Futures in 2021. Dated Futures for additional cryptocurrencies including ETH will also be available on EQONEX in the coming months. A Dated Futures contract enables users to enter into a binding agreement to buy or sell the underlying asset, in this case BTC, at a predetermined price at a specified date in the future.  Futures contracts are commonly