Solutions
Eze Castle Integration, a global managed service provider to the investment industry, has launched its Eze Dark Web Monitoring Service to proactively protect clients against the threat of stolen user credentials and targeted account takeover.
Eze Dark Web Monitoring scans the dark web for client watchlist assets and triggers an automatic response if a match occurs to enable action before a potential breach.
Across the dark web underworld criminals are buying and selling stolen user credentials, including email addresses, usernames and passwords, to access high value (i.e. executive and privileged user) accounts. Once in a system, criminals steal financial assets,
Xena Exchange has launched a free desktop terminal for its clients designed to meet the information demands of professional traders looking to navigate the cryptocurrency markets.
The desktop terminal is aimed at both novice traders looking to learn, test paper trading, try new strategies and order types, as well as experienced professionals. For more experienced traders, it allows easy automation of trading strategies using C# and Visual Studio Code plugin, strategy back testing, built-in calculation as well as one-click trading of synthetic instruments.
The desktop terminal was created in order to serve traders who do not use web terminals and
German fintech company Finoa has launched a banking-grade custody service aimed at institutional investors in digital assets.
According to the World Economic Forum (WEF), by 2027 around 10 per cent of the world’s GDP will be transacted and stored on blockchain, which represents a USD24 trillion opportunity window for the digital asset space. Finoa believes this will be one of the biggest disruptions for the financial sector in recent decades, as it will boost asset-liquidity and market efficiencies.
However, safeguarding digital assets (and the cryptographic keys, inherent in this technology) remains a daunting task for many institutional investors, who often
PEGAS, a pan-European gas trading platform operated by Powernext, will launch spot and futures contracts for the Spanish Virtual Balancing Point (PVB) on 18 June.
Both physical spot products (Within-Ahead, Day-Ahead and Week-End contracts) and physically delivered derivative contracts (Month, Quarter, Season and Calendar Year products) will be listed.
In addition, PEGAS market participants will have the possibility to trade geographical spread contracts with TTF and PEG.
“There is an appetite from market participants active in Spain to trade more with other European markets. Trading PVB products with PEGAS will facilitate this, as our members benefit from an access
The Depository Trust & Clearing Corporation (DTCC) is partnering with Droit, a specialist in real-time transactional compliance, to enable market participants to leverage Droit’s reporting eligibility capabilities within DTCC’s Pre-Reporting Transformation Services for supported G20 regimes as well as the forthcoming Securities Financing Transactions Regulation (SFTR).
The joint offering will encompass Droit’s capabilities, which help reduce firms’ operational burden and mitigate regulatory risk by allowing firms to apply reporting eligibility logic before submitting transactions to the relevant registered trade repository. Market participants can now utilise DTCC’s Pre-Reporting Transformation Services for all key components of a regulatory reporting stack, using Droit
PEGAS, the pan-European gas trading platform operated by Powernext, established a new high on its TTF spot segment with 53.1 TWh in March, surpassing the previous record of 47.97 TWh reached in February.
The total volume traded in March amounted to 223.4 TWh on the PEGAS platform, including 129.3 TWh on the spot and 94.1 TWh on the futures segments, which represents an increase of 20 per cent over last year (March 2018: 186.8 TWh) and the second highest overall monthly volume.
Overall spot trading volumes in March reached 129.3 TWh, slightly down from last year (March 2018:
Depository Trust & Clearing Corporation (DTCC) says another step has been taken in the unfolding evolution of the Treasury marketplace, with JP Morgan completing the first cleared repo transaction under the new Category 2 Sponsoring Member classification.
This important milestone comes immediately following the recent Securities and Exchange Commission (SEC) approval for DTCC subsidiary Fixed Income Clearing Corporation (FICC) to expand its Sponsored Service.
Through the expanded Sponsored Service, a broader category of market participants can participate in the service as sponsors, including Dealers, non-US Banks and Prime Brokers (all referred to as Category 2 Sponsoring Members). The expansion
Broadridge Financial Solutions has launched Broadridge Securities Lending Board Insights, a firm-specific fund-by-fund comparative securities lending assessment solution for mutual fund companies and the boards that oversee their funds.
This client-specific report lets companies monitor the relative cost, fee ‘splits’, and income obtained from their securities lending arrangements. It will also help all interested parties receive appropriate rewards for the risks they undergo in their lending programs and helps to reduce risk related to mal-distributed securities lending income. The solution is currently being used by a number of clients including a tier-one global investment manager.
“Faced with mounting pressure
SageTrader, a San Francisco and New York based broker dealer, is to deploy the cloud version of Eventus Systems’ Validus platform for its equities trade surveillance.
Validus combines both machine-learning (ML) and procedural technologies to detect potential manipulative behaviour and insider trading.
Eventus CEO Travis Schwab says: “We’re very proud to work with SageTrader to meet the firm’s equity trade surveillance needs. This is a great example of how our machine-learning capabilities provide a real value-added service to a client.”
Dan Weingarten, SageTrader CEO, says: “Since our implementation of the system in the fourth quarter of 2018, we
genesis, an international capital markets software firm, has been working with LCH, a global clearing house, to design, build and implement three new solutions to automate workflows, which will in turn support business growth.
In order to support increased volumes at its ForexClear service, LCH was looking for a streamlined solution to automate the FX ‘option expiry’ process. Following a competitive tender process, LCH selected genesis due to their domain knowledge and micro-services technology framework, enabling fast and agile software development.
Collaborating closely with LCH, genesis helped develop the exercise and expiry service for ForexClear with the first iteration developed
