Deutsche Borse to launch post-trade platform

Global market infrastructure provider Deutsche Börse plans to launch a regulatory compliant post-trade platform called D7.

The new cloud-backed and distributed ledger technology-ready D7 platform aims to enable market participants to digitize their financial products with access to existing central and distributed infrastructures and markets. D7 aims to provide same-day issuance and paperless straight-through processing for the issuance, custody, settlement, payment, and asset servicing value chain. 
 
As of mid-2022, over 80% of German securities will be digitizable via D7, fostering digitization of the German and European financial markets. 

For D7, Deutsche Börse joined with several inancial institutions to create a digital infrastructure, including BNP Paribas, Citi, DekaBank, Deutsche Bank, dwpbank, DZ Bank, Goldman Sachs, Raiffeisen Bank International and Vontobel. The D7 platform is being developed in collaboration with Digital Asset and Microsoft, as well as R3 and VMware.

The complete functionality of the D7 platform will be rolled out in phases over the next few years beginning in November 2021.

Harbor Capital appoints State Street for ETF servicing 

Harbor Capital Advisors has appointed State Street back-office servicing agent for the firm’s first actively managed fixed-income ETFs. The two funds were launched in September in the US.

State Street will provide various ETF servicing solutions, including basket creation, dissemination and settlement, and custody.

State Street and Harbor have a long-standing partnership in the back office, as Harbor has been a client for over 30 years. 

IHS Markit connects to DTC for corporate actions

IHS Markit will connect its Corporate Action SaaS solution with The Depository Trust Company’s (DTC) products and services, aiming to simplify the corporate action lifecycle management process for DTC participant users. Developed leveraging DTC’s current ISO 20022 messaging platform for voluntary reorganization instructions automation, including entitlements and allocations processing and the latest ISO 20022 standards, the offering is expected to begin rollout in Q4 2021.

The connection aims to offer DTC participant users greater levels of straight-through processing for corporate actions. Users will be able to completely automate the corporate actions workflow from announcement capture to instruction processing to final allocation using ISO 20022 messaging standards.

MSCI launches Climate Lab for climate investing

MSCI has launched MSCI Climate Lab, a new application for enterprise-level monitoring and management of climate and financial risks for investors. 

Climate Lab is built for institutional investors managing a large-scale transition of portfolios to meet net-zero goals and to manage the underlying complex and vast amounts of data supporting the analysis of those portfolios. Climate Lab combines MSCI’s climate data and financial modeling capabilities across multiple asset classes on one platform to assess trends, identify leaders and laggards, and run scenario analyses from the enterprise to the issuer level. In particular, MSCI Climate Lab will enable aggregation at the portfolio level of the recently released Implied Temperature Rise solution. Investors will be able to monitor the forward-looking metric across all the funds they manage.

Itiviti integrates Nyfix Matching with parent Broadridge’s investment management system 

Broadridge Financial Solutions’ Itiviti, a provider of cross-asset trading solutions covering the full trade lifecycle, has integrated its Nyfix Matching solution with the portfolio, order, and investment management system from Broadridge.

“Now, less than six months after being acquired by Broadridge, Itiviti can deliver our automated Nyfix Matching solution for trade allocation, confirmation, and affirmation to a far greater number of clients,” says Itiviti president Ray Tierney. 

The new solution gives Broadridge’s client base access to Nyfix Matching’s automated trade allocation, confirmation, and affirmation capabilities.

TNS enables firms relocation with Euronext in Bergamo

Transaction Network Services is expanding its managed hosting solution to enable firms wanting to co-locate and directly access the Euronext exchange matching engine to move trading operations from Basildon to Bergamo.

As WatersTechnology has reported, Euronext is planning to migrate its primary datacenter and related colocation services to the Aruba Global Datacenter IT3 in Bergamo, Italy in Q2 2022, with TNS securing infrastructure capacity in the new site.

TNS’ Managed Hosting solution uses the company’s ultra-low latency Layer 1 technology inside the datacenter. 

AxeTrading Integrates Ice’s Pricing and Analytics into Its Quoting and Execution Management System

AxeTrading has integrated the Intercontinental Exchange’s pricing, analytics, and market data into the AxeTrader Quoting and Execution Management System (QEMS). Users of the AxeTrader QEMS can access Ice’s pricing and analytics tools, including end-of-day evaluated pricing, continuous fixed-income evaluated pricing, best execution services, and Ice Liquidity Indicators.

The AxeTrader QEMS provides pricing through a user-configurable quoting engine, manages requests-for-quote, executes orders, and helps achieve best execution across multiple execution platforms and trading venues. 

Ice publishes independent evaluations for 2.8 million fixed-income securities and provides evaluated pricing throughout the trading day through its Continuous Evaluated Pricing service. 

Deutsche Borse expands analytic KPIs with HHI Insights

Deutsche Börse has expanded its portfolio of analytic KPIs in market data with HHI Insights. The new product is based on the Herfindahl Hirschman Index (HHI), a measure of market concentration. HHI Insights is based on proprietary information from Xetra and Eurex trading platforms.

With the introduction of HHI Insights, Deutsche Börse is responding to client demands for deeper insights into liquidity and market trends. It supports market participants in evaluating the quality of available liquidity and allows them to spot concentration risks. HHI Insights also provides additional guidance when deciding whether to add a new market to the trading universe, on setting position sizes, or how aggressively market participants want to enter or exit certain positions.

The launch of HHI Insights is the latest step in Deutsche Börse’s ongoing expansion of its analytics offering based on proprietary trading data from Eurex and Xetra. 

Ion Group and Fidectus partner for OTC post-trade processing

Ion Commodities, a provider of commodity trading and risk management solutions, has partnered with Fidectus, a post-trade service provider in OTC commodity markets.

Fidectus’ GEN connects with Ion’s energy, trading and risk management portfolio, including Openlink, Allegro, and TriplePoint, to automate end-to-end processes. Trades captured in ION’s ETRMs straight through process to Fidectus’ GEN, a cloud service that supports European Federation of Energy Traders standards for electronic confirmation matching, settlement matching, and regulatory reporting.

Etrading’s DTI Foundation launches digital asset tracking service

Etrading Software, through its non-profit division the DTI Foundation, has launched a new service to enable the tracking of all digital assets on a global basis. The service will issue identifiers for digital assets based on the new ISO standard, the Digital Token Identifier. ISO has selected Etrading Software to be the registration authority for this standard.

The DTI extends the scope of the ISO standards to the digital token asset class. It can be used by regulators to monitor digital asset trades for anti-money laundering requirements and for monitoring systemic risks arising from the trading of global stable-coins and other digital assets. The DTI can be used by market participants to uniquely identify a given digital token.

The DTI Foundation has issued identifiers for the top 100 cryptocurrencies by market capitalization, enabling all major cryptocurrencies to be tracked, including bitcoin, ether, Tether and Ripple. 

Overbond adds pre-trade streaming API for TCA into EMS

Overbond, a provider of AI analytics and trade automation for fixed income markets, has added real-time pre-trade and post-trade transaction cost analysis (TCA) to its execution management system (EMS) automation suite of AI fixed-income trading tools.

Overbond COBI-Pricing LIVE features a multi-source data input and allows for cross-venue, cross-trading-protocol liquidity discovery and optimization. The interoperability of COBI-Pricing LIVE via bilateral REST APIs allows AI algorithms to ingest, aggregate and process data from live and historical vendor feeds, internal historical records of executed trades, post-trade volume and liquidity data and voice/chat OTC transactions translation data. Overbond AI achieves an industry-leading refresh rate using cloud computing and parallelization.

Refinitiv launches solution for wealth advisors

Refinitiv has launched Wealth Practice 360, a solution designed to provide an efficient workflow and better insights on demand for wealth advisors. Wealth Practice 360 aggregates client information from multiple sources including back-office systems, financial planning tools, and social media activity to deliver a 360-degree view of an advisor’s book of business.

Wealth Practice 360 connects traditionally disparate sources of information together into a single consolidated view. Client data is combined with a firm’s proprietary data and Refinitiv’s market data and news. A client data layer then powers single screen user experiences.

MarketFactory and Tradefeedr partner for FX analytics

MarketFactory, part of Ion Markets, a provider of trading, analytics, and risk management solutions for capital markets, has partnered with FX data and analytics provider Tradefeedr.

The Tradefeedr data and analytics platform is now fully integrated within MarketFactory, enabling clients to review trading markouts, impacts, and spreads directly with liquidity providers, using a common platform and shared datasets. Tradefeedr’s data analytics solution will be available as an add-on to new and existing customers using the MarketFactory service.

Tradefeedr has created an FX trading database allowing market participants to connect, analyze their trading data, and collaborate. In June 2021, Tradefeedr launched its FX data analytics platform with more than 15 leading sell-side and 20 major buy-side firms onboarding and another 20 in the pipeline.