This Week: State Street/Simcorp, Bloomberg, ACA, Broadridge & More

State Street and SimCorp Announce Intended Business Partnership

State Street and investment management platform provider SimCorp announced their intent to form a business partnership to provide a fully integrated, front-to-back investment outsourcing solution for insurance firms in Europe, Middle East and Africa (EMEA).

EMEA-based insurance companies will have access to SimCorp Dimension’s cloud-based, multi-asset class capabilities, advanced accounting functionality and managed services, together with State Street’s data management, middle office and custody services on State Street’s Alpha platform. This partnership will also integrate SimCorp Dimension with State Street’s proprietary software solutions, including Charles River Development.

Bloomberg to Offer MSCI ESG Research Data on the Bloomberg Terminal

Bloomberg announced that MSCI ESG Ratings by MSCI ESG Research LLC is now available via the Bloomberg Terminal. Bloomberg Terminal users can access this MSCI data and use it alongside Bloomberg’s other tools, complementing Bloomberg’s existing ESG data sets.

With MSCI ESG Ratings, investors can measure a company’s resilience to long-term, financially relevant ESG risks. By using a rules-based methodology to identify industry leaders and laggards, MSCI rates companies on a ‘AAA to CCC’ scale according to their exposure to ESG risks and how well they manage those risks relative to peers.

The addition of MSCI ESG data on the Bloomberg Terminal gives subscribers a holistic view of company and issuer ESG performance. Additionally, investors can supplement their current research processes by incorporating MSCI’s ESG Ratings into their existing ecosystem of Bloomberg equity, fixed income and portfolio analysis tools.

ACA Compliance Group Launches Enhanced AML KYC/CIP Solution 

ACA Compliance Group, a provider of governance, risk, and compliance advisory services and technology solutions for financial services firms, announced the launch of its enhanced anti-money-laundering (AML) solution. ACA’s full-service offering provides firms globally with a dedicated solution for meeting their requirements under various know-your-customer (KYC) and Customer Identification Program (CIP) regulations.

The solution combines ACA’s regulatory technology and managed services to provide firms with faster, more accurate data screening, ongoing monitoring, remediation, and reporting while aiming to increase overall operational efficiencies and cost savings.

The solution introduces new functionality in ACA’s Compliance Alpha RegTech platform powered by ComplyAdvantage’s AI-driven financial crime risk data and detection technology. Through ComplianceAlpha, firms can receive automated, ongoing monitoring of over 90 sanctions and watchlists, politically exposed persons (PEPs), and more than 300 adverse media sources, as well as advanced name matching algorithms for both individuals and entities. 

Enfusion Selects Drawbridge Partners for its Vendor Due Diligence Process

Drawbridge Partners, a cybersecurity software and services firm for hedge funds and private equity firms, announced Enfusion, a provider of cloud-based investment management software and managed services, has selected Drawbridge to bolster its vendor due diligence process.

Enfusion will deploy the DrawbridgeConnect platform to manage third-party risk and build a cybersecurity program. DrawbridgeConnect allows users to aggregate internal cyber risk assessment data for analysis and determine program strength and remediation. Firms can assess third-party vendor cybersecurity risk and ensure all shared data is protected. The platform stores vendor information, launches due diligence questionnaires to third party vendors, and tracks response and completion status.

Britannia Global Markets selects Broadridge for International Post-Trade Securities Operations

Broadridge Financial Solutions, a provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers, announced that Britannia Global Markets, a brokerage house and subsidiary of Britannia Financial Group, has selected Broadridge for post-trade processing for its international securities business, including cash equities, fixed income and repurchase agreements.

The SaaS-based solution will provide Britannia Global Markets with a multi-market platform with that will aim to support future growth and respond to regulatory requirements.

TransFICC Enhances Aeron Messaging to Support Multiple Cluster Nodes

TransFICC, a provider of low-latency connectivity and workflow services for fixed income and derivatives markets, announced the completion of a dedicated enhancement to Aeron messaging. 

Designed for the Cloud or Deployed servers, Aeron can manage more than 80,000 messages a second on a single thread. The Aeron clustering enhancements allow firms to run the cluster on fewer machines and enabling fast messaging throughput.

BSO Launches Radio Frequency Network Between TMX Group’s Data Center and Equinix Toronto TR2

BSO, a global telecoms operator has launched a new radio frequency (RF) network route for those trading on the Toronto Stock Exchange (TSX) and Nasdaq CXC. BSO’s RF network connects TMX Group’s colocation data center with carrier-neutral Equinix Toronto TR2 to provide the international financial community with a way to trade between these exchanges.

RF is delivered point to point through the air. This connectivity can reduce latencies and enable trades to operate in microseconds rather than milliseconds

BMLL enters into data distribution agreement with US based Crux Informatics

Data and analytics company BMLL announced that BMLL Data Feed will be available to US market participants via Crux Informatics, a data delivery and operations firm. The BMLL Data Feed will be available via API and cloud warehouses.

The data distribution agreement complements BMLL’s existing direct arrangements to deliver data and analytics to it’s US client base, leveraging Crux’s network and pipelines to data consumers and analytics platforms globally.