This Week: Six Group, Broadway Technology/MarketAxess, Linedata and more

Six Group rolls out its Triparty Collateral Management solution

Six Group has rolled out its Triparty Collateral Management (TCM) solution. The new solution has been migrated into the market infrastructure provider’s Triparty Agent with the Collateral CockpitTM. Using the Collateral CockpitTM in combination with the TCM could allow for the monitoring of exposures and margin calls in real-time and could simplify processes such as substitutions.

The solution offers a direct link to Margin Calculation Agents & Margin Transfer Utilities reviewed custodian documentation, to help clients comply with uncleared margin rules. All the functionalities required to open, manage, and close collateral exposures can be controlled via the Collateral CockpitTM, so that the new solution can offer clients an enhanced level of user-friendliness across existing offerings.

Broadway Technology integrates with MarketAxess

Broadway Technology, a front-office solutions provider, has partnered with MarketAxess. The electronic trading platform provider and Broadway have collaborated to build and support a US Treasury request-for-quote (RFQ) workflow feature in the MarketAxess US Treasuries marketplace. The feature is currently live and available to customers of both Broadway and MarketAxess. The new integration builds on the existing MarketAxess Live Markets Rates partnership and now includes RFQ, in aim to offer mutual dealer clients the ability to respond to inquiries from MarketAxess’ customer base.

Linedata levels up its Navquest solution

Linedata has launched an optimized version of its Linedata Navquest fund monitoring solution. The software and data management solutions provider is integrating both functional and technological enhancements into Linedata Navquest. The solution is set to now cover a broader range of risks and feature enhanced automation and cloud-based processes. Navquest’s intuitive dashboard now works to support control teams in responding more efficiently to regulatory obligations.

LPA partners with OpenRisk for document digitization and analytics

LPA has partnered with OpenRisk Technologies, a US-based data management solutions provider to enhance its new Contract Navigator product. The partnership will see the software firm integrate OpenRisk microservices into its Contract Navigator.

The solution offers deal transparency through a digital interface, with its objective being the discontinuation of paper documents in the capital and debt markets. The OpenRisk platform can offer Contract Navigator computer vision, semantic web, natural language processing, and machine-learning algorithms for an increase in productivity and efficiencies.

Aquis Exchange launches new EU dark pool, Aquis Matching Pool

Aquis Exchange, the pan-European equities trading arm of Aquis Exchange PLC, has launched its European dark trading venue, the Aquis Matching Pool (AMP) EU. This launch marks the expansion of Aquis Exchange’s dark trading service, which was previously only available as a UK venue.

Aquis anticipates the migration of its existing UK dark pool onto its in-house technology to be completed on Sept. 19. The UK AMP had been assumed by the Group from UBS in April 2022 via a shift in ownership.

NeoXam and Xeotech partner for unified data and technology plan

NeoXam has collaborated with Xeotech in an effort to help clients achieve improved business efficiency. As partners, the data management solutions provider could help expand NeoXam’s reach and deliver new customer engagement opportunities.

SmartStream and Kynec collaborate to deliver integrated OTC margin solution

SmartStream has formed a strategic alliance with Kynec, a front-office clearing solutions provider. The transaction lifecycle management service provider has collaborated with Kynec to deliver consolidated margin positions across global over-the-counter (OTC) cleared and bilateral markets.

This alliance intends to integrate cleared margin data from Kynec’s Rubicon platform with bilateral OTC margin data from SmartStream’s Transaction Lifecycle Management (TLM) Collateral Management solution. Collateral operations can now access this information for workflow management and reporting, while the front office will be able to access information directly to manage liquidity, margin funding, and collateral optimization across bilateral and cleared margin positions.

GCV exits from Intelligence Fusion following Sigma 7 acquisition

Growth Capital Ventures (GCV) and its private investor network have exited a technology company they helped take from concept to launch. GCV, which provides co-investment opportunities across venture capital, private equity, and property to an investor network, left Intelligence Fusion after the threat intelligence technology company was acquired by Sigma7.

Sigma7 is now focused on developing an all-domain risk services platform, and acquiring Intelligence Fusion’s risk capabilities can be seen as a component of Sigma7’s strategy.

Vestr partners with Clarity AI for ESG reporting capabilities

Clarity AI’s data has been integrated with Vestr’s Delta platform to assist clients with ESG product reporting. The Swiss-based lifecycle management solutions provider aims to leverage Clarity AI’s capabilities in organizing and checking data. This data will then be used to align to industry consensus ESG risk analytics.

Asset managers could now be able to integrate ESG rating capabilities into their client reports via Vestre’s platform.