Solutions
SmartStream Technologies, a financial Transaction Lifecycle Management (TLM) solutions provider, has launched the latest version of its reconciliations solution.
The third major release of TLM Reconciliations Premium comes with a range of services to meet customer requirements for a flexible self-service user experience, comprehensive trend analysis for match rate optimisation and exception reduction, and model choices for each reconciliation – allowing customers to easily shape and form the solution in an innovative way, whilst optimising costs and operational overhead.
The latest release continues SmartStream’s investment in providing a wide-ranging reconciliation solution, delivering additional business benefits at every stage of the
This publication has been prepared for the assistance of those who are considering the law of the British Virgin Islands (BVI) as it pertains to anti‐money laundering measures.
It deals in broad terms with the requirements of BVI law. It is not intended to be exhaustive but merely to provide brief details and information which we hope will be of use to our clients. We recommend that our clients and prospective clients seek legal advice on BVI law in respect of any specific scenarios, matters or concerns.
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Anti-Money Laundering Measures in the BVI
Axon financial systems, a specialist in technology-enabled market data management, has launched its new Application Compliance Tool (ACT), which gives customers a better handle on managing their market data application workflows and compliance reporting obligations.
The launch of ACT marks the expansion of the AxonWorks group, a set of tools designed to empower customers to manage their market data usage and compliance more efficiently and without the intervention of third parties. It also comes at a time when compliance is a hot topic across the industry with MiFID II on the horizon.
By allowing clients to manage their market
Peel Hunt, an independent corporate broking, advisory and trading house focusing on mid & small-cap companies, is expanding its use of Torstone Technology’s Inferno post-trade securities and derivatives processing platform, for its US business, Peel Hunt Inc.
In signing a multi-year deal to use Inferno, Peel Hunt now has more flexibility to develop its US business and respond more quickly to client and market requirements. Inferno is a flexible, modern, cost-effective platform which will allow Peel Hunt to run its operations efficiently and with reduced operational risk. The system is also scalable which means that Torstone Technology can quickly respond
Active and alternative asset manager RAM Active Investments (RAM AI) is to absorb the cost of external research commissioned on behalf of investors. The announcement has come ahead of MiFID II, the new European Union rules which are due to come into effect in January 2018.
In the clients’ best interest, RAM AI will be paying research costs up front and directly from their own account in line with these new regulations, rather than passing on the extra cost to clients in the form of an additional charge or a fee. RAM AI already offers extensive internal research capabilities which form
SIX Swiss Exchange is to partner with London Stock Exchange Group to establish a link to their UnaVista service to facilitate transaction reporting for products admitted to trading on SIX Swiss Exchange for remote participants.
The service from UnaVista will allow remote participants of SIX Swiss Exchange to fulfil their reporting obligations under the Swiss Financial Market Infrastructure Act (FMIA).
The FMIA enhanced the reporting obligations for securities dealers which required a revised service solution to be developed. The data UnaVista will provide to the Reporting Office of SIX Swiss Exchange will enable remote members to fulfil their reporting
LiquidityBook, a Software-as-a-Service (SaaS)-based provider of buy-and sell-side trading solutions, has completed its migration to Amazon Web Services (AWS) data centres globally.
As a result, LiquidityBook now maintains a Point of Presence (POP) in AWS regions in the US and Europe, with the ability to quickly scale up globally across Europe, the US, Asia-Pacific and LatAm as client need arises.
LiquidityBook offers a full suite of buy- and sell-side solutions supporting the full trade lifecycle, including order management, portfolio management, execution management, FIX network connectivity, compliance and pre- and post-trade processing. It has employed a fully SaaS-based model for
Thomson Reuters has added additional research management and search capabilities to its flagship desktop product, Eikon aimed at meeting the challenges of MiFID II requirements, set to be implemented on 3 January, 2018.
Launched and incorporated into Eikon this year, the Search and Discovery (S&D) solution allows its users to quickly drill into multiple and disparate sources of unstructured text – news, filings, transcripts, research, etc – with a single search. Search capabilities can also be extended, using Thomson Reuters proprietary data management capability, to documents uploaded by the user, or firm, allowing Eikon to act as the central repository
Colt Technology Services has implemented further network optimisations to two of the company’s key low-latency routes in the APAC region.
Connectivity is available for service now and provided through the company’s private Ethernet-based Colt IQ Network. Latency for the Hong Kong-to-Singapore route has been reduced to approximately 29ms (RTD) going from the Hong Kong Stock Exchange (HKEX) to the Singapore Exchange (SGX). Latency for the Sydney-to-Tokyo route has been reduced to approximately 99ms (RTD) going from the Australian Securities Exchange (ASX) to the Japan Exchange Group (JPX/CC2). For both routes, the latency numbers above currently represent the top tier among
TransFICC, a provider of low-latency connectivity for fixed income and derivative markets, has secured EUR1 million in early stage investment from capital markets specialists, Illuminate Financial and Frankfurt based early stage investor in FinTech, Main Incubator.
TransFICC provides banks and asset managers with an alternative to maintaining connectivity to multiple e-Trading venues, offering a unified low-latency, robust and scalable API. TransFICC enables financial institutions to access their required eTrading venues, while streamlining technology requirements and reducing operational costs. Its co-location or cloud-based hosting technology also supports microsecond timestamping of data, helping to provide an audit trail for best execution requirements.
