This Week: Bloomberg/Google; SocGen; Aquis Exchange & More

Bloomberg empowers decision making with data access on Google Cloud

Bloomberg and Google Cloud are collaborating to enable mutual customers to access B-Pipe, Bloomberg’s real-time market data feed, to power front, middle and back-office applications and systems for trading, execution, and risk management. 

B-Pipe aims to offer global real-time access to consolidated market data with data normalization and through Google Cloud’s infrastructure allows mutual customers to make investment decisions faster.

The Google Cloud B-Pipe connectivity model employs Bloomberg’s Open API which intends to provide consistency and resiliency for hybrid and multi-cloud deployment strategies, helping to ensure new client data applications are automatically cloud-ready.

Canada Life Equity Funds picks Bloomberg for benchmarks 

Bloomberg has announced that Canada Life Asset Management, the UK asset manager and parent company of Great-West Lifeco, has selected Bloomberg Index Services to provide the underlying benchmarks for its eight equity funds.

These funds include open-ended investment companies and segregated mandates and are valued at $3 billion of assets. Canada Life’s entire roster of benchmarked equity funds will now use Bloomberg Indices for performance comparison.

Societe Generale SS partners with NeoXam for private equity

NeoXam has announced that it has been chosen by Societe Generale Securities Services to provide investment and reporting software to support clients’ services of its private equity business unit.

NeoXam’s technology, GP, handles all portfolio types, and supportS a comprehensive range of asset classes and aims to integrate NeoXam’s other solutions for data management, digital and regulatory reporting, compliance and daily matching needs. GP’s fully embedded multi-GAAP General Ledger authorizes SGSS to offer complete customized services based on a set of Private Equity and Real Estate software packs: real estate accounting, real asset accounting, private equity accounting, investors’ accounting, analytical accounting, supplier accounting, waterfall calculations, KPI computations. SGSS will rely on GP to handle its business operations.

Aquis Exchange to add Czech and Hungarian Stocks

Aquis Exchange has announced that it will add Czech and Hungarian blue-chip stocks to trading on its pan-European MTFs business, Aquis Exchange.

During the second quarter of 2022, some 300 additional stocks are expected to be made available for trading on the Aquis Exchange UK and Aquis Exchange EU platforms, including the 13 largest, most liquid, Czech and Hungarian stocks. The expansion of the Aquis Exchange trading universe by the addition of Czech and Hungarian stocks brings the total number of markets covered by the exchange to 17.

State Street to develop digital custody in collaboration with Copper.co

State Street Corporation has announced that State Street Digital has entered into a licensing agreement with Copper.co, a London-based provider of institutional digital asset custody and trading infrastructure. State Street Digital will leverage Copper.co’s technology to develop and, subject to receipt of regulatory and other approvals, launch an institutional-grade digital custody offering where clients can store and settle their digital assets within a secure environment operated by State Street. The firm will leverage its infrastructure to assist clients’ transition in the new digital economy.

MarketAxess launches new offering

MarketAxess, the operator of an electronic trading platform for fixed-income securities and the provider of market data and post-trade services for the fixed-income markets, has announced the launch of Axess All Prints, which intends to act as an enhanced real-time transacted price service for the most actively traded fixed income instruments in the EU & UK.

Axess All was originally launched by MarketAxess in 2015 as the first intra-day trade tape for the EU and UK fixed income markets, offering delayed intra-day transaction data aggregated at the bond level on approximately 7,000 instruments. Axess All Prints hopes to enhance the existing Axess All trade tape by delivering real-time trade-by-trade pricing data reported within the trading day. The service publishes prices in real-time on over 15,000 executed trades across approximately 4,250 unique instruments.

Likvidi launches digital carbon credit trading platform

Likvidi has announced the launch of its carbon trading platform and carbon credits. The ‘Liquid Carbon Credit’ (LCO2) is a tokenized carbon credit that has been designed to be traded at high liquidity on Likvidi’s own platform and on other blockchain-based exchanges and platforms.

LCO2 is a digital asset, with each credit equivalent to one tonne of carbon removed from the atmosphere. This aims to give the holder the ability to buy, trade, and offset carbon credits to achieve net-zero status.