Solutions
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, has launched a new Cost Basis solution.
Exchange Data International’s Worldwide Equity Cost Basis (WECB) enable users to track both a security’s cost basis, its evolution and its descendant’s cost basis & evolution up to the current date.
Jonathan Bloch (pictured), CEO of Exchange Data International, says: “EDI while expanding its Reference Data offering to cover all asset classes is also looking to expand into value added services. In addition to recently launching an equity analytical service, EDI today launched a verification tool for determining
Capital markets and banking technology specialist Sensiple is bringing its Regtech product SETREGA for MiFIDII, SFTR and EMIR compliance and reporting to the FR2 data centre in Frankfurt as part of a new agreement with Transaction Network Services (TNS).
Sensiple will use TNS’ managed hosting, colocation and connectivity service to give market participants fast, secure and efficient access to its Regtech system, which is designed to integrate with any financial services firm, including buy/sell sides and venues. It can collect, transform and process regulatory data and generate regulatory reports in specific formats with minimal customisation, making it quicker and simpler
Neptune Networks (Neptune) has launched a new composite product, produced in collaboration with CME Group, to provide clients access to a ‘higher quality representation’ of the global bond market.
This latest addition to Neptune, a consortium of sell-side banks that provide bond market data to buy-side clients, has been sourced from data calculated from a combination of AXE/INV positions and two-way streams. Due to Neptune’s existing distribution channel, the company says the data received is of a superior level, creating a higher quality composite.
“The finance industry is quickly adapting to a new world of data. Evolving demand resulting in
The latest consultation by the Derivatives Service Bureau (DSB) has revealed significant industry appetite for further analysis on functionality that may be helpful in delivering improved data quality, standardisation and automation as well as further strengthening the DSB’s cybersecurity processes and governance.
This second consultation by the DSB, which was founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives, closed on the 29 July with nine responses representing 12 institutions, four of which were
Capital Markets technology specialist Neueda has partnered with Levyx Inc, a big data system software provider, to vastly increase data processing capacity for the Python community.
Through the new Helium-Python interface, Neueda and Levyx have significantly increased Python’s utility, offering increased efficiency and effectiveness to users within financial markets and beyond. The product has been released by Neueda.
Colin Pattison, MD Capital Markets, Neueda, says: “We are delighted to have worked with Levyx to create a solution that will open up new opportunities within the data science field.
“Historically, Python implementations have involved handling large data sets inside current
Carey Olsen, together with JTC, has assisted secure mobile communications provider Criptyque in obtaining a Jersey virtual currency exchange licence to operate its cryptocurrency exchange platform, PryvateX, which is opening for registration soon.
The team behind Criptyque continues to build a secure and private ecosystem and, in addition to PryvateX, offers a number of services to customers, from an encrypted messaging platform (voice, text and email) to an innovative hardened cryptocurrency wallet. Designed to work in tandem with PryvateX, Criptyque has also developed PryvateCoin (PVC) which will be available to facilitate trades on the exchange and keep fees down.
European Commodity Clearing (ECC), the clearing house of EEX Group, has successfully migrated its position and transaction management system for the derivatives markets to the C7 system developed by Deutsche Börse Group.
The successful migration completes the introduction of the new infrastructure for clients of the clearing house. Prior to this step, ECC migrated the management of its Clearing Members’ collateral to the C7 architecture in late 2017. This was followed by the payment transactions in mid-2018.
“With the C7 system, ECC has now switched to a highly flexible clearing system which is already established in the market. Furthermore, the
Fintech company Finbourne has launched the LUSID Early Access Program aimed at a wide range of investment industry players including hedge funds, custodian, small funds and multinational investment institutions.
LUSID is an investment data platform which aims to allow users to leverage their data to maximum effect. Finbourne says that in an industry where it takes months or years to onboard new investment software, LUSID can be used in minutes and trialled for free for 90 days. Users get access to market data as part of this 90 day evaluation period.
LUSID is a complete investment data platform that brings
A survey conducted on preparation for the FCA’s Senior Managers and Certification Regime, (SM&CR) has revealed that most firms have significant work to do, as they prepare for its extension to all authorised firms on 9 December.
From a pool of over 70 respondents, including asset managers, hedge funds, private equity firms, broker-dealers and wealth managers, the findings were as follows:
• Less than 2 per cent of firms confirmed they had completed sufficient preparation for SM&CR
• In equal measure, only 2 per cent of employees had a sufficient awareness of the new rules and their implications across the organisation
• More than a quarter
Startup Covalent has launched crypto indexes allowing investors to purchase a diversified portfolio of crypto currencies using the Covalent Bot.
The company says this lowers the barrier to entry by reducing the need for investors to research hundreds of tokens in order to make an educated investment decision.
“Educated investors in traditional markets often purchase ETFs or indexes to reduce risk. Until now, this has not been readily available in the crypto markets. Covalent allows investors to invest in the crypto sector via a diversified portfolio by simply activating the Covalent Bot,” says Tomer Bariach, Cofounder of Covalent. “Unfortunately, until now, many
