This Week: Goldman Sachs, MSCI/MarketAxess, Cboe/ErisX, & more

Goldman Sachs completes acquisition of asset manager for ESG data

Goldman Sachs has completed its acquisition of Netherlands-based asset manager NN Investment Partners. The acquisition was made to provide Goldman Sachs’ European business with grounding in the Netherlands. Goldman Sachs has been vocal in its desire to scale its European business, and leverage NN Investment Partner’s capabilities in providing environmental, social, and governance (ESG) data.

Plans for Goldman Sachs to acquire NN Investment Partners were first revealed in August 2021, and the acquisition was finalized for $1.7billion this week.

NN Investment Partners will be integrated into Goldman Sachs Asset Management. 

MSCI and MarketAxess collaborate on bond liquidity and ESG

MarketAxess, an electronic trading platform operator, has partnered with MSCI, a financial research and risk solutions provider, to develop portfolio analytics solutions and co-branded fixed-income indexes leveraging MarketAxess liquidity data.

MSCI will integrate MarketAxess’ artificial intelligence-powered pricing and liquidity measures, which include a relative liquidity score and a tradability score, into its ESG ratings to identify more liquid and sustainable fixed-income portfolios.

Cboe completes acquisition of ErisX

The Chicago Board Options Exchange (Cboe) has completed its acquisition of Eris Digital Holdings (ErisX), the operator of a US-based digital asset spot market, a regulated features exchange, and a regulated clearinghouse.

Following the completion of the acquisition, Cboe plans to operate the ErisX business as a subsidiary with Thomas Chippas remaining as head of the digital asset business. Chippas will report to Chris Isaacson, executive vice president and chief operating officer of Cboe.

Deutsche Börse partners with CME Group to provide market data

German exchange Deutsche Börse has partnered with derivatives marketplace CME Group to provide derivatives market data from CME Group to its A7 platform.

Deutsche Börse plans to expand the market data offering on its web-based analytics platform, A7, to include historical market data from CME Group. The two firms recently reached a licensing agreement that will enable market participants to test their trading strategies and make trading decisions by subscribing to market datasets from either or both exchanges via the A7 platform.

The historical data that Deutsche Börse intends to utilize from CME Group will be available daily on a T+1 basis.

SmartStream launches Eligibility API

Transaction lifecycle management solutions provider, SmartStream Technologies, has launched a new offering. SmartStream’s Eligibility API intends to provide collateral management optimization, which would be a more efficient way to source eligibility information contained within collateral agreements.

The new solution has been designed to work for both pre- and post-trade collateral optimization.

SmartStream’s latest offering launches in the wake of the impending Uncleared Margin Rules (UMR) Phase 6 regulatory regime, which is due to be implemented in September 2022 and could create a squeeze on assets being pledged as collateral.

SmartStream’s new solution intends to provide firms with an alternative way of publishing eligible collateral for each legal agreement, which could then be consumed by their optimization engines.

SS&C releases new products for its Advent line

SS&C Technologies has announced releases across its full line of SS&C Advent solutions, including Advent Portfolio Exchange, Advent Genesis, Advent Outsourcing Services, Geneva, and other related platforms.

Moxy and Advent Rules Manager has implemented a new browser experience and tighter integration with SS&C’s APX and Genesis platforms and expanded Fix connectivity. Genesis Portfolio Management enhanced order proposal behavior to manage portfolio drift more efficiently. Geneva introduced new workflows and investor accounting requirements. Users can now create and combine custom queries or update any standard report query using web-based technology.

Advent Outsourced Services released enhancements to its productivity and client communication toolset, increasing its ability to efficiently process data, elevate and resolve exceptions, and communicate system and data status to clients in a timely fashion. 

Advent Portfolio Exchange offers an improved user experience on Chrome and Edge browsers, expanded accounting data and entity API libraries to increase clients’ data integration options, updates on cost basis, and analytics reporting to assist operations teams and allow for detailed performance analysis.

Advent Syncova has enhanced the new Margin Results Workspace, a web-based screen for more straightforward navigation, user experience and data transparency. In addition to account-level results, position and attribute level details are surfaced to the user-driven views for consumption and analysis.

Temenos to offer Explainable AI on Oracle Cloud

Customers of the cloud solutions provider Oracle can now deploy Temanos’ explainable Artificial Intelligence technology, for transparency in automated decision making.

Temenos, a cloud banking platform and member of Oracle PartnerNetwork, has revealed that Temenos Explainable AI will be offered on Oracle Cloud infrastructure. Oracle customers can deploy Temenos’ Explainable AI and machine-learning capabilities through Oracle Cloud Marketplace.