Solutions
The Association of National Numbering Agencies (ANNA) and the Global Legal Entity Identifier Foundation (GLEIF) have set 4 April 2019 as the ‘go-live’ date for a new initiative to start linking International Securities Identification Numbers (ISINs) and Legal Entity Identifiers (LEIs) for the global financial industry.
The initiative has been created to help improve transparency of exposure by linking the legal issuing entity (Issuer) to their issuance of securities, and to also address some of the regulatory requirements under the Prospective Directive, the CSDR and SFTR.
Over the past nine months, ANNA and GLEIF have worked together on technical developments
Institutional trading and portfolio management systems provider TORA has successfully implemented its Order and Execution Management System (OEMS) and Portfolio Management System (PMS) at Systematic Investment Management AG (SIMAG) based in Zurich.
SIMAG was formed in 2017 as a joint venture between Credit Suisse and the Swiss Federal Institute of Technology (ETH Zurich). SIMAG employs the most advanced artificial intelligence technology to extract signals from noisy financial data.
SIMAG required a leading independent technology partner that offered a cloud-based unified OEMS and PMS that would allow them to execute their sophisticated strategies using straight-through processing. They also required an open system
Powernext has developed an auction system for Guarantees of Origin (GOs) which will be launched in September 2019.
In August 2018, the French Minister for an Ecological and Solidary Transition appointed Powernext as the sole operator of this auction system, and in addition extended Powernext’s mandate to operate the national registry for GOs in France. Guarantees of Origin help to promote the consumption of electricity produced from renewable sources by ensuring its traceability. The auction system developed by Powernext allows for price formation and increases transparency in the GO market.
The quantity of GOs to be auctioned each month will
OpenGamma, a specialist in derivatives analytics, has raised USD10 million in funding led by early-stage fintech and B2B software venture capital firm Dawn.
The funding round includes participation from existing investors Accel, CME Ventures and ex-SunGuard CEO and prolific fintech angel investor Cristóbal Conde.
OpenGamma’s analytics solutions allow the world’s banks, hedge funds and asset managers to dramatically reduce the cost of trading derivatives. New regulation is forcing firms to post billions in capital to take market positions with significant increases over the next two years. This is at a time when returns are already under extreme pressure. As
ABBYY, a specialist in Content IQ technologies and solutions, has launched ABBYY Vantage, an enterprise platform aimed at providing human-like cognitive skills to intelligent automation platforms such as robotic process automation (RPA) and business process automation (BPA).
The new platform can be leveraged by enterprise companies in financial services and insurance, transportation and logistics, manufacturing, and other industries. Several high-profile enterprise customers and consulting partners are participating in the early adopter program, including MSD, UK-based Symphony Ventures, RoboRana, and RPAbox.
ABBYY says Vantage offers a transformative shift in the way structured and unstructured content is processed, using cognitive skills
Ned Davis Research (NDR) has appointed Josh Monroe as its Global Head of Sales. Monroe will oversee a sales team spanning across the Americas, EMEA and APAC, which serve both the institutional and wealth management markets.
Most recently, Monroe served as Senior Vice President, Head of Sales, Trading and Risk Solutions for North America at Fidelity National Information Services (FIS). Prior to FIS, he served as Vice President within the Global Macro business at SAC Capital. His capital markets experience also includes roles at Morgan Stanley and Ayco, a Goldman Sachs Company.
“I’ve long respected NDR as a global
Derivatives marketplace CME Group reached average daily volume (ADV) of 19.1 million contracts during March 2019, compared to 20.8 million contracts in March 2018.
In addition, total daily exchange trading volume surpassed 20 million contracts on each of the final six trading days in March.
Open interest (OI) at the end of March 2019 was 126 million contracts, up 9 per cent from year-end 2018 and unchanged from March 2018. First-quarter 2019 ADV marked the third-highest quarterly ADV ever with 18.6 million contracts, down from a record 22.2 million contracts in the first quarter of 2018.
Interest Rate volume averaged 10.4
Onchain Custodian is to aunch its digital asset custody platform and value-added services at the Chain Plus Asia Pacific Blockchain New Finance Summit, on 11 and 12 April in Singapore, where ONC will speak and exhibit.
The summit and launch event are expected to attract high profile VIP guests from around Asia.
Headquartered in Singapore, Onchain Custodian has developed a comprehensive online platform to secure digital asset investments with customisable custody solutions and institutional grade security and controls. The SAFE Digital Asset Custody Platform is flexibly built to meet the possible futures of digital asset custody. It supports mainstream crypto
Integral, a forex technology specialist, has reported that average daily volumes (ADV) across its platforms totalled USD39.0 billion in March 2019, an increase of 17 per cent compared to the previous month and 8.8 per cent more than March 2018.
“Our growth in March was driven by a combination of new customers beginning to trade on the Integral platform and existing customers expanding their business,” says Harpal Sandhu, CEO of Integral. “Our clients are deriving greater value from Integral as they trade more, and other market participants understand the benefits of accessing the richest pool of liquidity, so they continue to
Intertrust, a provider of administrative services to clients operating and investing in the international business environment, has strengthened its fund servicing platform in Ireland with the launch of a new fund administration business.
Intertrust will provide administration services to both Irish and non-Irish domiciled collective investment schemes providing expert support to its global portfolio of private equity, real estate and private debt clients in relation to their back-office accounting and investor relations operations.
Intertrust Ireland Managing Director, Imelda Shine (pictured), says: “The decision to extend our Irish fund services business to include fund administration speaks to our strategy of
