Solutions
Eight months after announcing their plans to develop a new asset servicing model for TARGET2-Securities (T2S), Clearstream and BNP Paribas Securities Services have signed a partnership agreement.
Both companies are now well underway towards a timely T2S readiness and in a pioneer position when it comes to presenting a tangible asset servicing model for the market environment with T2S.
In this new model Clearstream will connect via its German central securities depository to the T2S platform, hence attracting settlement flows, while custodian bank partners will handle asset servicing at a domestic market level, bringing strong local market expertise to the
Neonet Securities has joined REDI’s broker network, providing mutual clients seamless access to Neonet’s suite of execution tools using the REDIPlus trade management platform.
“We have been closely watching the development of REDI as an independent firm and are very pleased to now offer our existing and future client base access through its proven and widely used platform,” says Tim Wildenberg, Chief Executive Officer of Neonet. “Our integration within REDIPlus allows our clients to leverage a best-of-breed platform to access us, and several have expressed interest in doing so immediately.”
Sean Sullivan, Global Head of Sales and Marketing at REDI,
Linedata has made significant enhancements to its web portal facility for its Linedata Admin Edge platform. These enhancements focus on data control, reconciliation and creating ad-hoc user-defined views.
The enhanced web functionality, powered by Linedata Reporting, fuses secure access to real-time data with sophisticated presentation capabilities, enabling users to create customised reports and view them securely, in a number of different formats and on a wide variety of devices, including tablets and smartphones. This development offers enhanced operational efficiency for users, delivering information faster, enabling better informed decision-making, lowering risk and improving the day-to-day running of the fund accounting function.
Financial services software provider SS&C Technologies Holdings has acquired DST Global Solutions Ltd, a subsidiary of DST Systems, Inc, for USD95 million in cash.
DST Global’s products now owned by SS&C include industry-leading investment and fund accounting platform, HiPortfolio, and investment data management and analytics platform, Anova. SS&C financed a USD75 million portion of the purchase price by drawing down on its line of credit.
With more than 155 customers throughout the Americas, EMEA, and Asia-Pacific, the DST Global products complement SS&C’s existing portfolio of technology capabilities and service offerings. The acquisition further solidifies SS&C’s position as the leading
Deutsche Bank and BayernLB have executed the first trades on Bloomberg to be cleared via EurexOTC Clear for IRS.
The ability to trade and automatically clear EurexOTC Clear for IRS deals makes the execution and processing of these trades significantly easier for Bloomberg users.
Richard Jackson, Head of European Flow Rates Trading, Deutsche Bank explained: “Choice in execution and clearing has been a driving factor for innovation in recent years. The ability to execute OTC derivatives on Bloomberg with STP trade flow to Eurex Clearing is a valuable improvement for the industry”.
Marc Burgheim, Head of FX & Interest Rate
Taliance, a global analytics provider serving the alternative investments marketplace, has released a new version of its asset and data agnostic platform, GlobalAsset.
The new release enables users to view their investment platform as a whole and then drill down into asset level detail, while also providing a top level view of their cash flow and complete asset portfolios.
According to Carol Penhale, chief client experience officer, Taliance: "This represents our biggest step forward yet in turning GlobalAsset into the holistic platform of choice in the alternative investment market.
"It further streamlines our solutions offering and customers who have
In this report S&P Capital IQ examines how credit events can impact on the price of equities. The results are compelling. The report looks at the relationship between credit indicators and equity back-tested returns.
Please click here to view this video
S&P Capital IQ’s research reveals equity investors could pay attention to certain key fixed income signals. As during times of stress, trouble can often be seen in the top line of companies first. Their research found that rating analyst downgrades often preceded trouble in the equity price of companies in the next month. The research focused on three geographies
Singapore Exchange (SGX) is to launch a bond trading platform by mid-2015. It will initially trade Asian corporate bonds in G3 currencies, with Asian local currencies to follow.
To drive this initiative, the first of its kind focused on Asian bonds, SGX has formed a new subsidiary, SGX Bond Trading (SGX BT).
The development of this platform will be executed in close consultation with the industry, and the platform aims to become an Asian Liquidity Centre for both high-yield and investment-grade corporate bonds. SGX held an inaugural Steering Committee meeting with senior representatives of 32 leading Asian fixed income dealers
Financial services technology providers Fund Recs and CloudMargin are offering the first fully integrated, cloud-based collateral management and portfolio reconciliation platform.
This partnership meets the needs of derivatives users looking to improve processing efficiency, minimise risk and meet the regulatory requirement to reconcile portfolios mandated by EMIR.
Fund Recs adds the essential operational control and key collateral dispute resolution tool of portfolio reconciliations, a requirement for regulatory compliance under EMIR, into a single user interface with CloudMargin. CloudMargin offers clients optimised end-to-end collateral management workflow for the full spectrum of margined products such as OTC bilateral and cleared derivatives, futures and
RARE, the Australian Infrastructure Investment Manager, has chosen Calastone to automate their global funds transactions.
Calastone’s single-to-many cross border fund service automates the flow from participating platforms and custodians into RARE’s global fund range registered across Australia, US, Canada as well as in the UK, Ireland, Netherlands, Cyprus and Switzerland.
Peter Hermans, European Sales and Business Development Director, says: “We are delighted that RARE has signed up to use Calastone’s global network to transact their funds. We help clients connect to their distributors via the Calastone community utilising our automated messaging service, which provides further efficiency to fund transactions, reducing
