This Week: SS&C; DTCC; LPA & More

SS&C announces enhanced Open Protocol risk reporting service

SS&C has announced that it has enhanced its Open Protocol risk reporting service to include digital asset and ESG exposures. This comes ahead of new Standards Board of Alternative Investments (SBAI) standards that are due to arrive in April. This enhanced solution intends to enable fund clients to meet SBAI reporting standards in areas increasingly important to investors, including position sourcing, attribute enrichment, financial modeling, report writing, and delivery. Additionally, the Open Protocol solution fully integrates with other SS&C risk and regulatory reporting services, including Form PF and AIFMD.

DTCC launches Treasury Kinetics Service

The Depository Trust & Clearing Corporation (DTCC) has announced the launch of DTCC Treasury Kinetics, a new service that aims to provide access to critical U.S. treasury transaction data, increasing transparency into the repurchase agreement (repo) market. Leveraging data from the Government Securities Division of DTCC’s subsidiary, Fixed Income Clearing Corporation (FICC), this new service strives to provide a daily summary of aggregated and anonymized trade activity including number of trades, volumes, dollar amounts and rates for delivery vs. payment (DVP) repo.

The repo market plays an important role in the U.S. financial ecosystem, acting as a source of liquidity and short-term funding. As the repo market continues to evolve and expand, increased volatility in this sector has underscored the need for market participants to have access to data that enables them to better understand valuation, rates, and liquidity. Treasury Kinetics hopes to provide historical data dating back to 2011, allowing users to back-test current repo data against historical events.

LPA partners with Globalance to deliver enhanced ESG reporting

LPA has announced that it has enhanced its ESG reporting services through a partnership with Globalance. The partnership is designed to see LPA gain access to investment insight platform Globalance World. Globalance World aims to give investors and other stakeholders free access to analyze and assess the future orientation and sustainability of over 6,000 listed companies and selected stock indices related to ESG, climate change, and megatrends.

Globalance World is an interactive tool that was created to visualize ESG data in a dynamic and transparent way. Despite the postponement of standardized EU ESG reporting (SFDR Level 2) to July 1, 2022, demand for ESG funds is high, especially in the aftermath of COP26 in Glasgow. Firms that distribute corresponding products need to align their ESG fact sheets with the SFDR standard at an early stage.

LPA’s Capmatix Regulations is an all-in-one platform for compliance and regulatory reporting in the investment management industry which strives to help integrate and verify numerous data structures and automates firms’ reporting processes. LPA’s Capmatix Regulations dashboard aims to ensure transparency and the highest degree of automation, enabling efficient creation of almost all current reporting formats in the EU and UK.

agora Digital Capital Markets completes series of pilot syndicated bond trades

agora Digital Capital Markets has announced the completion of a series of multilateral pilot sessions of its syndicated bond product, a critical step in the development of its end-to-end digital workflow for fixed income products through the agoraPlatform. The sessions, held over the last eight months, demonstrated the workability and readiness of the product to handle the complex challenges faced in the primary market by global and regional issuers and investment banks.

The agoraPlatform intends to enable seamless interaction during the pre-issuance and launch of a new bond issue including pricing indications, mandate, deal management, party synchronization, and creation of both a digital term sheet and final terms. The platform synchronizes all parties in the value chain in real-time using distributed ledger technology.

The resulting tool for capital markets professionals at issuers and banks aims to save time and capture essential data in a confidential and secure environment. This information will be directly available to service providers who operate and manage the post trade life of a bond.