Solutions
Turning Big Data into Small Data – Nasdaq, the world’s first electronic exchange, has ‘fintech’ running through its veins, and today introduces its latest innovation to support growing market demand for unstructured data sets.
The Nasdaq Analytics Hub will pull in data from Nasdaq’s own feeds as well as from a number of financial technology start-ups such as iSentium, which specialises in collecting and crystallising massive unstructured social media content, into market intelligence; in other words, to turn Big Data into Small Data, and Small Data into trading and investment signals.
Four data sets are being introduced as the initial offering
BrokerTec, a NEX Group business which provides electronic trading technology and services for the fixed income market, and MTS, a fixed income electronic trading venue that is part of London Stock Exchange Group, are expanding the RepoFunds Rate (RFR) indices by adding Dutch and Belgian repo indices.
The RFR indices were launched in 2012 and include the German, French, Italian, Spanish and pan-European RFR indices.
Each RepoFunds Rate index accurately reflects the specific effective cost of Repo funding for trades executed on BrokerTec, and MTS, which between them typically trade volumes of EUR230 billion per day (single counted). The
Kalahari, a provider of real-time pricing and analytics software for financial markets firms, has launched a FX futures and rates service, offering traders a low cost opportunity to access observable exchange prices and benefit from real-time futures versus OTC market arbitrage opportunities.
This new service is the first in a series of new futures/OTC comparison pricing services being introduced by Kalahari this year.
Other instruments include MAC Swaps for US Dollars, Euro and GBP currencies and Gold Futures pricing, to coincide with the new contracts being launched on the London Metals Exchange this June – all crossed with
Linedata has launched a new version of its portfolio management system, Linedata Global Hedge.
Linedata Global Hedge, a core component of Linedata’s comprehensive asset management platform, provides an intuitive end to end portfolio management solution, offering managers across Europe, North America and Asia the ability to successfully navigate market and regulatory challenges, while achieving operational efficiency.
Incorporating client feedback and continuous monitoring of the market, the latest version includes an improved trading and order management module, more specific asset class coverage, increased compliance-related elements around disclosure and reporting and workflow and user experience (UX) enhancements.
Alternative and
Mourant Ozannes’ investment funds team has established the first five Jersey Private Funds (JPF) since the new regime came into effect last month.
Introduced by the Jersey Financial Services Commission, the new JPF product has been designed to rationalise and consolidate Jersey’s private fund regimes for funds offered to up to 50 professional investors.
Mourant Ozannes partner Dan Birtwistle (pictured) says: “In a buoyant fund raising market, the new JPF regime has quickly been seized on by existing and new clients alike as an effective, streamlined and proportionate product for privately offered alternative investment funds. The speed and
BNP Paribas, Credit Suisse, Morgan Stanley and Societe Generale are among the latest clients to join Deutsche Bank, Goldman Sachs and JP Morgan in selecting Tradeweb’s Approved Publication Arrangement (APA) service.
The Tradeweb APA allows firms to meet pre- and post-trade transparency requirements across all instruments under the Markets in Financial Instruments Directive II (MiFID II).
Tradeweb Markets is a provider of fixed income, derivatives and ETF marketplaces.
“We are pleased to see an increasing number of major banks opting to join the Tradeweb APA service. Their commitment provides further assurances that, as part of the largest
Cloud computing has reached a tipping point, with capabilities and cost efficiencies exceeding those achieved via in-house data centres, according to a white paper from the Depository Trust & Clearing Corporation (DTCC).
In the paper, “Moving Financial Market Infrastructure to the Cloud,” DTCC asserts that the capabilities, resiliency and security of services provided by cloud vendors has surpassed on- premise capabilities.
As a result, DTCC will evaluate opportunities to strategically expand the use of the cloud more broadly across its external services and applications where it makes sense, with a goal of leveraging cloud capabilities to reduce risk
FlexTrade, a provider of multi-asset execution and order management systems, has launched FlexAlgoWheel, a data-driven interface to algo selection that incorporates real-time internal and external inputs as well as TCA to optimise the broker and algo selection process.
According to Vijay Kedia, president and CEO of FlexTrade, an important, yet repetitive role of any trader is to select the right broker and algorithm based on a multitude of factors, such as order characteristics, portfolio manager instructions, market volatility and relative contribution to risk in the portfolio.
FlexAlgoWheel enables buy-side firms to configure a systematic and quantifiable decision matrix
The Taiwan Futures Exchange (TAIFEX) has listed the first-ever US index futures contracts in Taiwan – S&P500 Futures and Dow Jones Industrial Average (DJIA) Futures, in parallel with the launch of an after-hour trading session.
The listing was marked by a launching ceremony attended by guests from its international partners, CME Group and Deutsche Börse, as well as representatives from regulators, the American Institute in Taiwan, the American Chamber of Commerce in Taipei, and the futures industry.
Len-Yu Liu (pictured), chairman of TAIFEX, says: “We are delighted to introduce two new offshore equity index futures products in response
Vistra, a corporate service provider of international incorporations, trust, fiduciary, private office and fund administration services, has acquired the compliance division of Foster Raffan, a boutique chartered accounting firm based in Sydney, Australia.
Commencing business under the current owners in 1995, Foster Raffan provides accounting and tax, audit, and wealth management services.
The firm commenced business under the founding partners in the 1970s. The compliance division has grown in the past 20 years as one of the leading business units within the firm, providing accounting, business planning and monitoring, payroll and company secretarial services, superannuation administration and tax
