This Week: Isda, Refinitiv, NICE Actimize, OpenFin, Gresham, Genesis & More

Isda and Isla Strengthen Partnership to Deliver Digital Initiatives

The International Swaps and Derivatives Association (Isda) and International Securities Lending Association (Isla) have agreed to closer ties to deliver digital solutions that will benefit their respective memberships.

The new agreement will see both organziations cooperate on the expansion of Isda’s electronic contract opinions and the adoption of the Common Domain Model (CDM), in a bid to facilitate greater automation in the derivatives and securities lending markets.

The e-contract opinions, which currently supports derivatives, will be extended to cover securities financing transactions (SFTs). Additionally, Isla will work with Isda to develop the CDM to support the inclusion of SFT specific components.

Isla will also join Isda’s CDM Governance Executive Committee, which oversees strategy for the adoption of the CDM, and the Architecture and Review Committee, which develops technical guidance and reviews proposed changes to the model. 

NICE Actimize Launches Market Abuse Solution

NICE Actimize has rolled out Surveil-X Conduct, a new market abuse solution that will be offered through its Surveil-X Holistic Surveillance suite.

The technology is designed to monitor trade and communications to help mitigate conduct risk. Surveil-X uses machine learning capabilities to analyze and link data across all Nice Actimize solutions, including communication recording, archiving, employee conflicts of interest, deal management, trade surveillance, communication monitoring, and employee fraud. The market abuse offering also works across third-party data, surveillance applications, human resource systems, and physical access logs.

Surveil-X additionally includes risk dashboards for senior-level analysts and executives to monitor activity, certifications for automating and tracking tasks, and whistle-blower management functions for facilitating anonymous reports.

Appital Rolls Out Desktop App on OpenFin

Appital has deployed its equity platform on OpenFin’s desktop management system. The Appital solution, which is hosted on Google Cloud, is designed to help portfolio managers and traders access liquidity by offering a transparent view of the deal flow. The equity solution is also built to allow firms to execute large volumes, in excess of five days of Average Daily Volume, with minimal market impact.

The partnership will enable interoperability between the vendor’s equity platform and other third-party applications on OpenFin. The aim of the technology integration is to automate the book-building process and facilitate interactions between different vendor applications.

Gresham Technologies Finalizes Acquisition of Inforalgo Information Technology

Gresham Technologies has completed its acquisition of Inforalgo Information Technology in a bid to expand its regulatory reporting offerings.

Inforalgo provides cloud-hosted regulatory reporting solutions which support Finra’s trade reporting and compliance engine for over-the-counter trading, the Consolidated Audit Trail, and Mifid II.

Inforalgo’s technology will be integrated into Gresham’s Clareti Transaction Control product to offer its client reporting capabilities, such as data ingestion and transformation, reconciliation, validation, real-time submission, and exception management capabilities.

ING Partners with Genesis to Build Credit Insurance Application

ING’s London Innovation Lab has collaborated with Genesis to develop its Credit Insurance Application (CIA), a deal-flow and portfolio management solution for credit and political risk. The solution was built using Genesis’ Low Code Application Platform, which is hosted in the cloud and is designed to allow faster deployment, control, enable customization, and connectivity to external market platforms. The CIA tool has been built to help manage the complexities around deal flow and portfolio management, that have come with the growing business.

Refinitiv Acquires Advisor Software

Refinitiv has acquired Advisor Software (ASI) to extend its digital offerings to the wealth management industry.

ASI’s technology, which is interoperable and cloud-enabled, will be stitched into the Refinitiv Digital Investor solution. The aim of the integration is to provide improved digital advice and portfolio analysis to Refinitiv clients.

ASI’s technology includes a digital advice platform that enables tax-aware portfolio rebalancing, Monte Carlo-based progress-to-goal tracking, cash flow and portfolio analysis, investment modeling, and proposal generation. The vendor also offers a variety of application programmable interfaces (APIs) that allow wealth management firms to customize and construct their own digital advice experience.