This Week: Bloomberg/Goldman Sachs, Broadridge, Rimes, and more

Bloomberg and Goldman Sachs AM launch Clean energy Index

Bloomberg and Goldman Sachs Asset Management have launched a Global Clean Energy Index. The product is a modified free float-adjusted market capitalization-weighted index that tracks the performance of over 175 global equities firms with significant business exposure to the clean energy sector.

The index was developed jointly by the two companies using a proprietary approach, informed by insights from analysts at BloombergNEF, a research provider.

The index will be rebalanced on a quarterly basis.

Broadridge goes live with proxy sub-custody services in Switzerland

Broadridge Financial Solutions has launched its “golden copy” event sourcing and proxy vote execution service for custodians and local agents in Switzerland.

The Swiss service is the latest market-ready addition to Broadridge’s sub-custody Direct Market Solutions product suite that can directly connect investors and issuers.

Broadridge recently announced its expanded coverage for proxy processing and extended voting windows for 20 sub-custody markets in 2021, with more markets to follow in 2022 and 2023.

Rimes announces intention to acquire Matrix IDM

Rimes, a provider of benchmark data and managed data services, has announced its bid to acquire Matrix IDM, an Australia-based investment data management platform, for an undisclosed sum. 

The acquisition aims to bring together a suite of managed data services and analytics technology to help asset owners, institutional investors, asset managers and service providers solve complex data problems.

Matrix co-CEO Stuart Plane will join the Rimes executive committee, and together with co-founder Neil Lotter, and Rimes head of managed data services, Shaun Mirams, will lead the combined data unit and Matrix IDM business. 

US Bank to leverage ICE ETF Hub for access to ETF primary market 

US Bank announced that it will leverage Intercontinental Exchange’s Ice ETF Hub to offer its customer base access to the exchange-traded fund primary market.

Ice ETF Hub is an open architecture technology solution, offering a standardized and simplified process for the creation and redemption of ETF shares. With this relationship, US Bank clients will have access to the ICE ETF Hub platform, which currently supports US-listed equity, fixed-income, derivative, commodity, and multi-asset ETFs.

The bank’s clients will also be able use the Ice ETF Hub to negotiate and assemble custom basket proposals.

LiquidityBook launches Trade Match

LiquidityBook has announced the launch of LBX Trade Match.

The new product offers Fix allocations, confirmations, and trade affirmations, enabling clients to leverage the network services they already use and eliminate trade breaks via a single solution.

LBX Trade Match is part of a single, unified codebase that enables customizable trade matching as part of the overall workflow.

BBVA and 500 Global partner to create intelligence platform

Banco Bilbao Vizcaya Argentaria (BBVA) and 500 Global, a global venture capital firm, have signed an agreement for 500 Global to develop an intelligence platform for helping BBVA to identify new start-ups, technologies and emerging trends.

The BBVA-500 Intelligence Platform will attempt to promote new collaborations and pilot projects between start-ups and the bank.

Through the platform, 500 Global will analyze the technologies, business models, and trends emerging on a global level in specific areas, leveraging insights from its network of portfolio companies and industry contacts.

The BBVA-500 Intelligence Platform is now fully operational and has already begun its research in different countries.