This Week: TP Icap, Confluence, Bloomberg, Iress-Cosaic, Tradeweb, SmartStream, and more

TP Icap unveils Parameta brand, melding data and post-trade tools

Interdealer broker TP Icap has combined its data and analytics and post-trade offerings into a new division, dubbed Parameta Solutions.

The new business line incorporates multiple brands and business areas, including Tullett Prebon Information, Icap Information, PVM Data Services, Liquidnet Investment Analytics, and Burton-Taylor International Consulting, as well as the broker’s previously separate post-trade solutions business.

By combining these businesses, Parameta will be able to create new solutions and insights using proprietary data and analytics sourced from these areas to provide price discovery, risk management, benchmark indexes and pre- and post-trade analytics to support clients’ trading and risk management activities.

Confluence to buy Fundpeak to boost fund data offering

Buy-side data and risk technology solutions vendor Confluence Technologies has struck a deal to acquire Fundpeak, a Czech provider of secure fund portals and multilingual fund factsheets, to bolster its offerings to fund managers, fund administrators and service providers in what officials say is an area of growing complexity for buy-side firms providing data to investors.

Fundpeak, founded in 2005, provides fund data and factsheets to clients in more than 30 countries to serve their marketing and regulatory reporting requirements. Its fund portal integrates into client websites to provide internal reporting to portfolio managers and external reporting to shareholders and clients.

The deal, agreed in principle for an undisclosed sum, is expected to close in the second quarter of this year.

Premia taps Bloomberg for liquidity risk tools

Hong Kong-based exchange-traded funds (ETFs) provider Premia Partners has begun using Bloomberg’s Liquidity Assessment (LQA) service to meet local liquidity regulatory reporting requirements.

LQA uses Bloomberg data and big data approaches to encompass all relevant factors that influence liquidity, allowing users to quantitatively evaluate market liquidity across multiple asset classes, and enabling firms to better comply with fund reporting requirements and to build their own comprehensive liquidity risk management framework.

Iress eyes upgraded charting with Cosaic integration

Australian data and trading technology provider Iress has integrated Cosaic’s ChartIQ charting framework into its Iress Pro workstation, which officials say will enable clients to analyze data faster and more accurately.

As part of a redesigned user interface and more efficient navigation, ChartIQ provides pre- and post-trade analytics, including allowing Iress’ 12,000 users to chart yield curves for rate interpolation, and to create and chart user-defined instruments for scenario simulations.

Tradeweb puts closing prices on AWS Data Exchange

Tradeweb is making its daily reference prices for US Treasuries and UK Gilts available via Amazon Web Services’ AWS Data Exchange platform, an online marketplace of third-party data.

Officials say the ability to access the Tradeweb Ice US Treasury Closing Prices and Tradeweb FTSE UK Gilt Closing Prices via AWS Data Exchange as a monthly subscription to daily data, or as historical datasets, will make it easier for clients to access and subscribe to the data.

SmartStream pumps Air into Microsoft Azure cloud

SmartStream Technologies has released version 3 of its artificial intelligence (AI)-enabled reconciliations platform, Air, featuring native support for Microsoft’s Azure cloud, in response to demand for Azure support from clients in certain countries and regions to host data on Azure.

SmartStream Air already runs in Amazon Web Services’ cloud, but officials say support for Azure will increase the platform’s flexibility, better support clients’ needs to meet local regulatory requirements, and expand the vendor’s footprint to new regional datacenters. The new version also includes new and improved AI capabilities to automate the process and provide better data matching and mapping.

Sinara integrates Ice Consolidated Feed into trading system

Sinara Consultants, a London-based provider of technology for market data and trading systems, has integrated Ice Data Services’ Consolidated Feed into its new derivatives trading solution, Sinara Trade Life Cycle (SinaraTLC) to offer brokers, exchanges and clearinghouses a “trading system in a box.”

Ice’s Consolidated Feed (previously the Interactive Data consolidated feed) provides normalized market data on more than 23 million instruments from more than 600 global data sources and more than 300 trading venues to support trading operations.

Primus takes stake in LiquidityBook

Software-as-a-service (SaaS) trading technology provider LiquidityBook has received an undisclosed minority investment from private equity firm Primus Capital.

The vendor will use the funding to enhance its products in response to client demand for functionality beyond what its Portfolio, Order and Execution Management System (Poems) platform currently provides, and to scale its business to serve a broader base of fund managers and other financial firms.

BST, AFO ally for MEA data inventory management needs

Swiss data inventory cost management software vendor BST has signed a reseller and managed service partnership with South African data and software monitoring provider Advanced Fintech Options, to allow the companies to address the data management needs of financial firms in the Middle East and Africa.

Under the agreement, the companies will develop a localized version of BST’s FinOffice inventory platform, utilizing AFO’s local market expertise, and delivered via the AFO Monitor solution to cover entitlements, compliance, billing, and reporting.

FactSet adds Ice Liquidity Indicators

FactSet has made Intercontinental Exchange’s Ice Liquidity Indicators available via its Portfolio Analytics service, to enable clients to analyze, manage and report fund liquidity risk and to optimize portfolio construction.

The indicators, which track around 4.6 million instruments across almost all asset classes, provide analytics specific to users’ portfolios by assigning liquidity scores to individual securities, complemented by metrics such as estimates of future trade volume capacity, projected price volatility, projected days to liquidate, and projected market price impact.

Fitch debuts infrastructure project risk indicator

As the US government prepares to push through a massive infrastructure spending bill, Fitch Solutions, the data and software arm of ratings agency Fitch, has released an enhanced version of its Infrastructure Key Projects Data dataset, including a new proprietary Project Risk Metric.

The new metric uses data, forecasts and analytics from Fitch’s Country Risk and Industry Research team to allow users to gauge infrastructure project completion risk by assessing the probability of a project completing phases on time. The KPD dataset provides project data—such as construction status, timeframe, cost, and key stakeholders—covering 36,000 energy, utilities, transport and social infrastructure projects across 200 markets, with a combined value of $17 trillion.