This Week: MSCI/Alveo; Ice/Rozetta; market data pricing & more

Alveo integrates MSCI ESG Research content

Alveo will integrate MSCI ESG Research’s content into its data management solution. Clients will be able to view MSCI’s content with the help of both firms’ data and cloud data management capabilities.

The solution allows MSCI’s content to be cross-referenced and linked with client datasets or content from third-party data sources. The collaboration also offers data lineage, data governance, data cleansing, and cloud sharing delivery, as well as last-mile integration into customer’s workflows and cloud data warehouses. Integrated MSCI content includes MSCI ESG Ratings, ESG Controversies and ESG Sustainable Impact Metrics.

Rozetta Technology releases ICE Consolidated History data

Platform provider Rozetta Technology now offers access to Intercontinental Exchange’s (ICE) historical tick data service, ICE Consolidated History. The service is built on over 10 years of tick-by-tick data for trades and quotes across equities, derivatives, fixed income, foreign exchange, and ETFs. It can be used for strategy back testing, historical analysis, trade surveillance and compliance.

Rozetta’s services include pre-delivery data transformation such as reformatting and addressing data quality for analytic readiness. It also delivers the licensed data into multiple cloud platforms.

Substantive Research survey highlights market data pricing inconsistencies

Some institutions are paying over 26 times more than peers to receive comparable index data, according to buy-side research and data discovery company Substantive Research. Substantive’s 2023 update on the state of market data pricing suggests significant inconsistencies in the fees paid by consumers for similar use cases.

The key findings of the study, which covers 60 asset management firms with AUM of $7 trillion, are set out in a press release on Substantive’s website. The results also showed that some firms pay almost 6x more than peers for both ratings data and ESG data products.

In early March, the UK regulator launched a wholesale market data study covering benchmarks, market data vendors, and credit ratings. The regulator said it was looking for stakeholders’ views on “whether we should make a market investigation reference to the Competition and Markets Authority about one or more of these markets.” The FCA questionnaire for consumers of market data is expected to be issued “imminently”.

You can read more about competition concerns and fee structures in the indexing market here.

Taskize teams up with Microsoft Teams

Taskize, which provides a communications network for the back office, is integrating with Microsoft Teams to enhance clients’ internal communications. Taskize users can now collaborate with internal colleagues who use Teams, eliminating the need to leave their platform of choice and copy information between tools.

When a back-office colleague raises a Taskize Bubble in the platform, the query appears as a Teams message for their colleague. Each issue appears as a separate item in the Teams channel and all changes are reflected in real time.

Horizon connects to Singapore Exchange

Financial solutions provider Horizon Software has announced a direct connection to Singapore Exchange. Clients using Horizon’s trading platform now have access to SGX’s equity, fixed income, currency, and commodity markets, and they can make markets on ETFs. Horizon Software had the first client go live on SGX Securities Trading in November 2022.

PenSam taps SimCorp’s intelligent document processing for alternative investments

Pension fund PenSam has begun using intelligent document processing from investment management solutions provider SimCorp. Intelligent document processing automates the extraction of unstructured data from private market funds. Investors typically receive data on alternative investments in various different formats, typically PDFs.

SimCorp’s new tool uses machine learning techniques to identify and extract key data points, which are then fed into SimCorp Dimension for downstream processing. It uses a detect-select pattern to process accounting and investor data such as capital call and distribution notices. The model contextually identifies key data points within the document, organizes it based on pre-trained learnings, and extracts the relevant data for downstream processing as part of an end-to-end workflow.

PenSam has €22.8 billion (~$24 billion) in assets under management. Alternative investments comprise nearly 30% of its entire portfolio.

3forge accredited for SOC 2 compliance

Data visualization company 3forge is now Service Organization Control (SOC) 2 Type I compliant. The standard, which is defined by the American Institute of Chartered Professional Accountants, evaluates an organization’s cybersecurity controls. 3forge was audited by accounting firm Prescient Assurance.