This Week: S&P Global Market Intelligence, SimCorp, SS&C, Six, and more

S&P Global Market Intelligence launches refreshed S&P Capital IQ Pro

S&P Global Market Intelligence has launched its refreshed integrated desktop solution, now called S&P Capital IQ Pro. The platform is the company’s most comprehensive desktop solution with an expanded range of datasets and content.

S&P Capital IQ Pro benefits from some key enhancements, including coverage of 62,000 public and 18 million private companies, opinions and forecasts from research providers, credit risk indicators and research from S&P Global Ratings, access to ESG content from S&P Global Sustainable1, and breaking news from Dow Jones Newswires.

The rebranded platform also offers a real-time market monitoring dashboard, screening functionality, data visualization, mapping tools, and smart-search capabilities to help users uncover relevant insights. S&P Capital IQ Pro’s new Document Viewer leverages AI to let users discover content hidden within documents, navigate across that content, and extract information. With S&P Capital IQ Pro Mobile, users can track and monitor the markets from their iOS or Android device, while S&P Capital IQ Pro’s Office Tool integrate with Microsoft Excel and PowerPoint to deliver hundreds of ready-to-use models and data-driven presentation templates.

SimCorp partners with Qontigo for portfolio optimization

SimCorp is partnering with Qontigo, a provider of analytics and indices and part of the Deutsche Börse Group. The partnership offers SimCorp clients a fully managed portfolio optimization and risk management and modeling service, within SimCorp Dimension. It is one of several portfolio optimization partnerships that SimCorp will grow to complement and enhance its own front office suite. The partnership forms an integral part of SimCorp’s Open Platform, designed to democratize access to industry innovation and simplify vendor management.

Clients can now integrate Qontigo’s Axioma Equity Factor Risk Models, Axioma Portfolio Optimizer, and Axioma Risk directly within SimCorp’s platform and through standardized APIs. Supporting a wide range of investment management strategies, Axioma Portfolio Optimizer offers clients a flexible approach to customizing portfolio objectives and constraints. Its equity risk models cover a variety of fundamental and statistical variants with multiple horizons, enabling portfolio and risk managers with one transparent model for a fully aligned view.

Through Qontigo’s cloud-native solution Axioma Risk, SimCorp Dimension users get access to a scalable, multi-asset portfolio risk management platform designed to support the unique requirements of each investment manager.

SS&C Technologies launches ESG reporting solutions for asset managers

SS&C Technologies has launched new ESG reporting solutions platform for asset managers to better monitor and report on ESG exposure in their portfolios. SS&C’s platform will support compliance with the EU Sustainable Finance Disclosure Regulation and deliver greater insights and transparency into ESG portfolio risks.

SS&C has partnered with Sustainalytics to create disclosure reports for investor transparency, carbon risk, and sensitive sector exposure. The platform scans managers’ underlying data against Sustainalytics’ ESG dataset based on the metrics that apply to the fund’s objectives, frequency, design, and format to satisfy investor and regulatory requirements.

Six Digital Exchange gets regulatory approval from Finma

Six Digital Exchange can operate a stock exchange and a central securities depository for digital assets in Switzerland, following approval from the Swiss Financial Market Supervisory Authority (Finma).

This authorization enables SDX to go live with a fully regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital securities. With these licenses, SDX can now offer the highest Swiss standards of oversight and regulation.

The exchange set out to build a fully integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital assets in 2018. This milestone has now been reached with the approval of both licenses and paves the way for the next stage in the development of a future ecosystem.

DTCC launches new offering under Fixed Income Clearing Corporation

The Depository Trust & Clearing Corporation has launched its Sponsored General Collateral Service, a new offering from its Fixed Income Clearing Corporation subsidiary. The first trades have been executed by BNY Mellon, Federated Hermes, and JP Morgan Securities.

The new Sponsored GC Service allows sponsoring members and their sponsored member clients to submit triparty repo transactions executed on a general collateral basis across US Treasury securities, agency debentures and agency mortgage-backed securities collateral to central clearing. Users benefit from a reduction in operational and counterparty risk, potential balance sheet and capital relief, and access to greater market liquidity. The new service has been launched in collaboration with BNY Mellon and with the support of Broadridge.

As part of this offering, cleared repo transactions will settle on the triparty platform of BNY Mellon, similar to how triparty repo transactions are handled outside of central clearing today. By enabling access to FICC via BNY Mellon’s triparty repo platform, users benefit from an operationally efficient way to clear their repo transactions, including overnight and term repo transactions. BNY Mellon will also act as a sponsoring member for Sponsored Member Clients seeking to participate in cleared repo via the new Sponsored GC Service.

Liquidnet launches Liquidnet Primary Markets

Liquidnet, a global institutional investment network, has launched Liquidnet Primary Markets, a new offering providing an electronified debt capital markets workflow for new issue announcements alongside a new protocol for trading new issues.

Integrated into the existing Liquidnet fixed-income trading application, the DCM workflow provides a dashboard of new issue announcements. It will also be available to non-trading desk users, such as portfolio managers, analysts, and compliance teams, through a web-based portal.

The new issue trading protocol enables members to trade new issues in the European investment grade, high-yield and emerging bond markets, and for the US, in emerging bond markets. 

This new offering will be complemented by the firm’s new fixed-income member service model, including a dedicated trade coverage team providing specialized institutional expertise and insight designed to help members seize trading opportunities.

ICE and ADP collaborate on new data service for US municipal bond market

Intercontinental Exchange and ADP, a global technology company providing human capital management solutions, have come together to launch a new data service that helps investors better understand and assess the economic stability and creditworthiness of fixed-income issuers in the US municipal bond market.

The new service links aggregated and anonymized human resources and compensation data from ADP directly to more than one million municipal bonds covered by ICE’s reference data service. This can allow municipal bond investors and other market participants to assess a wide range of dynamics that could impact a municipal issuer and supplement their fundamental research.

Users will have access to granular aggregated and anonymized human capital data, including average gross pay, total projected income, average commute distance, details into specific job sectors and more than 50 other distinct fields. It can also be used to see trends over time, including migration, which is particularly relevant in understanding how a municipality or region’s population changed over periods of time. ICE’s data will be consistently updated with ADP’s anonymized and aggregated data, making it a compelling complement to sources of public information.

ICE launches weather forecast data on ICE Connect

Intercontinental Exchange has launched weather forecast data on its ICE Connect platform. ICE Connect users can now connect streaming weather data to streaming tick information, making it easier for customers to see how changing weather forecasts influence live market prices.

By combining weather data with ICE’s extensive collection of pricing data, customers can now interact with weather and price information to understand and analyze the impact streaming weather forecasts have on energy, agriculture, and other weather-sensitive instrument prices. Users can visualize and quantify the location and intensity of weather events, which can help them better understand market price movements. ICE has also introduced weather data symbology that allows users to access raw weather data in a daily or hourly format for deeper statistical analysis of market data.

Eventus closes on $30 million Series B

Eventus Systems, a global provider of multi-asset class trade surveillance and market risk solutions, has closed on a $30 million Series B funding round, led by Centana Growth Partners. Also participating in the round were DRW VC, an arm of principal trading firm DRW, CMT Digital, existing investors Jump Capital and LiveOak Venture Partners, along with several new strategic investors.

Eventus will use the proceeds to further scale across the organization, including growing its sales, product and engineering teams, building further on its flagship Validus platform, expanding its product suite across asset classes and introducing new financial risk applications to the platform.

Centana partner Ben Cukier has joined the Eventus board of directors.