This Week: Nasdaq, Bloomberg, Goldman Sachs, Deutsche Boerse, BNP Paribas, Wolters Kluwer, and More

Bloomberg and Goldman Sachs Asset Management Launch Alternative Risk Premia Indices

Bloomberg and Goldman Sachs Asset Management (GSAM) have launched a suite of 21 alternative risk premia benchmark indices. The Bloomberg GSAM Risk Premia Indices are available through the Bloomberg Terminal.

These new indices combine Bloomberg’s experience in systematic strategies research with the field expertise and research insights from GSAM’s Quantitative Investment Strategies team, as well as feedback from asset owners and consultants. 

This week Bloomberg also announced the expansion of its alternative data offering through Enterprise Access Point, the company’s web-based data marketplace, to include over 60 third-party providers. This expansion represents a three-fold increase in the number of third-party alternative data vendors available through Enterprise Access Point since the product’s introduction in February 2019.

Deutsche Börse acquires majority position in Quantitative Brokers

Deutsche Börse is acquiring a majority interest in Quantitative Brokers, an independent provider of advanced execution algorithms and data-driven analytics for global futures, options and interest rate markets. The fintech’s portfolio of algorithms, simulation tools and analytics is used by some of the world’s largest institutional investors and it has operations in New York, London, Sydney and Chennai.

Quantitative Brokers’ quant team will complement Deutsche Börse’s drive to expand its data and analytics services.

The parties expect to finalize the transaction by the end of this year, with the closing date remaining contingent on required regulatory approvals. Specific terms of the transaction were not disclosed.

Nasdaq Introduces Anti-Money Laundering Technology

Nasdaq has launched cloud-deployed Nasdaq Automated Investigator for AML, an automated solution for investigating anti-money laundering for financial institutions. the solution was sesigned, built and offered in partnership with UK-based Caspian.

The Nasdaq Automated Investigator ingests alert data from any transaction monitoring system, collates the data required for analysis, analyzes it and replicates human decision-making to provide an auditable justification for all alerts. The technology is powered by variants of artificial intelligence including both supervized and unsupervized learning in conjunction with business rules.

BNP Paribas Securities Services Partners with Digital Asset

BNP Paribas Securities Services has entered into a partnership with Digital Asset to design a number of real-time trade and settlement apps using DAML smart contracts. The new apps will provide market participants in Asia Pacific with real-time access to the Australian Securities Exchange and Hong Kong Exchange’s anticipated DLT -based trading and settlement platforms. The apps will also be available to clients in markets that have not integrated DLT, bringing them the benefit of real-time workflows.

The first solution, due in 2021, is a smart elections service for corporate actions. All parties in the corporate action chain will receive corporate action information such as dividend reinvestment or purchase offer decisions at the same time, reducing processing time, improving operational efficiency and enabling investors to finalize their decisions on the most current information on market factors.

Hong Kong’s livi bank Turns To Wolters Kluwer for Regulatory Reporting

Wolters Kluwer has been selected by livi bank for its OneSumX for Regulatory Reporting solution to manage the bank’s regulatory reporting obligations. livi is a new virtual bank in Hong Kong and has recently launched its virtual banking app to Hong Kong customers. The bank is backed by Bank of China Hong Kong, Jingdong Digits Technology and the Jardine Matheson Group.

OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy, and includes Wolters Kluwer’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulations in 30 countries.

S&P Global Market Intelligence Adds 10 million profiles to Platform

S&P Global Market Intelligence announced today that it has added over 10 million European private company profiles with standardized financials on to the Market Intelligence Platform. The new coverage includes data from major European markets such as Germany, France and the United Kingdom.

With the newly-added data, customers will have access to the universe of European private companies for those markets covered, including business information, profiles, fundamentals, and historical data.

Max Bowie has the full breakdown here.

Xignite Updates Bond Market Data API

Xignite has updated its Bond Master API to increases the coverage from the United States to 190+ countries, added additional bond types to support more than two million active bond issues and increased the ease of use of the API with several new endpoints.

The vendor offers several APIs that provide real-time, delayed, historical fixed income pricing and reference data for corporate and agency debt bonds.  Bond Master API is cloud-native and offers a selection of use-case-based endpoints which developers can integrate into their product or app. 

GoldenSource launches Quant Workbench solution

GoldeSource has launched a new Quant Workbench tool that enables financial institutions to better leverage their data by running analytics and quantitative research directly on best available reference and pricing data.

The new solution sits on top of GoldenSource’s existing data management system so that financial institutions can allow their quant developers and research analysts to do their work on approved validated data sources. As part of the Quant Workbench package, GoldenSource will also provide sample calculations covering both buy side and sell side use cases. For example, on the sell side, the tool allows quants to build volatility surface models - which are required for valuations and risk management of options portfolios. On the buy side, the tool can be used for portfolio risk and optimization techniques such as Capital Asset Pricing Model and Factor-based returns optimization.