This Week: S&P Global/Intapp/DealCloud; Rimes; Stifel/Nasdaq & More

Intapp, DealCloud and S&P Global Market Intelligence Team Up on Data and Insights

Intapp and DealCloud have announced a collaboration with S&P Global Market Intelligence to allow integration of S&P’s data into the Intapp OnePlace for Risk and DealCloud platforms.

These integrations provide a solution for onboarding new clients, executing deal-making activities, and managing the client lifecycle.

Intapp OnePlace for Risk provides professional service firms with solutions for evaluating new business, onboarding clients, and monitoring relationships. S&P’s data will enrich Intapp’s OnePlace for Risk solution, enabling clients to identify corporate conflicts and receive automatic notifications as circumstances change inside the Intapp platform.

DealCloud DataCortex enables financial services professionals to manage proprietary and third-party data in one platform, allowing them to run complex reports, analyze industry trends, and visualize data in the same hub where deals are originated and relationships are managed.

Tourmaline Partners Announces Majority Investment from Copley Equity Partners

Outsourced trading solutions firm Tourmaline Partners has received a majority investment from Copley Equity Partners, a private investment firm that focuses on established businesses with growth prospects. Financial terms of the transaction are not being disclosed.

Founded in 2011, Tourmaline Partners provides services to more than 300 institutional investor clients including hedge funds and asset managers of all sizes. The company is headquartered in Stamford, Connecticut, with additional offices in London and Sydney. The investment will enable Tourmaline to pursue new technologies and grow faster into new geographies and asset classes to meet increasing client demand. 

RIMES Releases Benchmark Regulation Dashboard

Data management and regtech provider RIMES has launched its RegFocus BMR Dashboard, a new service to help asset managers understand their exposure under the EU Benchmarks Regulation (BMR).

The BMR has provided a significant compliance challenge for the buy side. The systems and processes needed to track the benchmarks landscape in-house are costly and resource-intensive. Some firms lack the centralized and robust data management practices needed to manage the compliance risk effectively, and many have found it a challenge to keep up with which administrators and benchmarks are, and are not, authorized for use in the EU.

RIMES’ new BMR Dashboard, accessible via RIMES Online, leverages relationships with the European Securities and Markets Authority, national regulators, and benchmark administrators to track the index landscape, and generate accurate and timely reports for firms’ compliance needs.

Stifel Selects Nasdaq to Power Alternative Trading System

Stifel Financial will leverage Nasdaq’s technology for its new alternative trading system, developed by Nasdaq’s Market Technology business. The Stifel Crossing Platform (STFX) is to go live next month and will offer liquidity to the firm’s 3,500 institutional clients. The US-based wealth management and investment banking firm will be the first regional broker to launch a platform of this kind.

The system will enhance Stifel’s trading capabilities by leveraging the firm’s retail order flow.

John Spensieri, head of US equity trading at Stifel, says: “We will also be rolling out a suite of proprietary algorithms, enabling us to consolidate Stifel’s institutional, retail, and advisory flow through a single hub prior to routing.”

MTS Expands Access to Mexican Bond Markets Through BondsPro

MTS Markets International (MMI), part of London Stock Exchange Group, has expanded its client reach in Mexico through its marketing agreement with Marco Polo Securities (MPS). MPS will introduce the MTS BondsPro electronic trading platform to new and existing Mexican institutional clients in Latin America.

As part of this expansion, fixed-income traders will have electronic order book access to Mexican peso-denominated corporate and treasury bonds, and will become part of the international BondsPro trading community of more than 600 broker-dealers and buy-side clients participating in the BondsPro all-to-all order book. 

This move is part of a growing focus by MMI on the emerging markets trading community.