SS&C launches service for fund management regulation

SS&C Technologies has launched SS&C Algorithmics 18f-4 Analytics Service aiming to help fund managers comply with new derivatives investment reporting rules. The Securities and Exchange Commission Rule 18f-4 comes into effect August 2022, changing the regulatory framework for derivatives used by registered investment companies such as mutual funds, closed-end funds, and others.

SS&C Algorithmics 18f-4 Risk Analytics Service is a cloud-based platform enabling firms to generate reports for compliance with the new rules. Leveraging SS&C Algorithmics’ risk analysis engines and reporting tools, the service provides calculations and analytics to test scenarios and assess and report derivatives risk accurately. The solution integrates with other SS&C platforms, including fund administration apps and third-party vendors for N-Port reporting. 

Temenos extends partnership with Red Hat

Software company Temenos has extended its strategic relationship with Red Hat by integrating Red Hat Process Automation Manager with Temenos Infinity cloud-native digital banking services. With this integration, business processes underpinning onboarding and origination processes are modeled and delivered via Red Hat Process Automation Manager, a tool that can enable banks to deliver faster digital and onboarding journeys across multiple channels.

Temenos digital banking services are built for the cloud in containerized microservices. On Red Hat OpenShift, these cloud-native applications can run across multiple clouds or in a hybrid, on-premise, and cloud environment.

BIS, SNB and Six test integration of CBDC settlement

Phase two of Project Helvetia—a joint experiment by the Bank for International Settlements (BIS), the Swiss National Bank (SNB) and Swiss financial infrastructure provider Six—has been completed. The project also included five commercial banks: Citi, Credit Suisse, Goldman Sachs, Hypothekarbank Lenzburg, and UBS.

The experiment was carried out during Q4 2021. It explored the settlement of interbank, monetary policy and cross-border transactions on the test systems of Six Digital Exchange, Six Interbank Clearing, and core banking systems.

Project Helvetia looks toward a future in which more financial assets are tokenized and financial infrastructures run on distributed-ledger technology.

Transaction Network Services connects firms to the LSEG

Transaction Network Services will enable firms wanting to co-locate and directly access the London Stock Exchange to move trading operations when the LSEG datacenter relocates from its current London City location to a new London site this year. TNS aims to secure infrastructure capacity in the new datacenter and will leverage its Layer 1 switching solution to deliver ultra-low latency mutualized market access, while also deploying the lowest latency network connectivity to bring the relocated LSEG datacenter onto its global network.

TNS’ Managed Hosting solution aims to deliver rack-optimized cabling and design and utilizes the company’s ultra-low latency Layer 1 technology inside the datacenter.

Avelacom becomes JPX vendor partner

Low-latency connectivity, IT infrastructure and data solutions provider Avelacom has become one of Japan Exchange Group’s (JPX) arrownet-Global Partner Network vendors. This will enable financial services institutions to access JPX’s exchanges and markets in cash equities, commodities, and derivatives via Avelacom’s connectivity solutions. JPX comprises the Tokyo Stock Exchange, the Osaka Exchange, and the Tokyo Commodity Exchange.

Avelacom has been increasing its presence in Tokyo over the past four years. This includes opening a branch office in Tokyo to be able to serve clients in Japanese, the operation of points of presence in several datacenters, as well as the metro network in Tokyo. Avelacom has also obtained permission by the local telecommunications authority to provide telecommunications services in Japan.

Ideal offers analytics within Barracuda FX’s environment

Decision intelligence firm Ideal is now offering its performance analytics and supervisory risk management solutions to clients trading within Ion-owned Barracuda FX’s environment.

The partnership between Ideal and Barracuda FX provides clients with analytics and insights. The Ideal Flow solution offers transaction cost analysis reporting, client and counterparty analysis, liquidity management and more in one interface. It also provides visualizations and analyses of counterparty behavior, flagging potential issues to investigate and informing client tiering and flow decisions.  

Quodd partners with DAS Trader for Opra and corporate actions

Quodd Financial Information Services, a business unit of Financeware, a NewSpring Holdings platform company, has partnered with DAS Trader. The partnership combines Quodd’s offering of Opra and corporate actions market data with DAS Trader’s trading software.