ThisWeek: Glue42/Deephaven Data Labs, Brown Brothers Harriman, Dash Financial and more

Glue42, Deephaven Data Labs partner for dataset insights

Desktop application interoperability vendor Glue42 and start-up data platform provider Deephaven Data Labs are collaborating to gain actionable insights from large datasets. Initial use cases include management of pre-trade risk and regulatory compliance for users across trading, risk and compliance desks. 

The partnership follows a pilot program at a hedge fund that is building a unified portfolio management platform for all of its applications with the help of both vendors. The fund’s primary objective is to help users better manage critical datasets and simplify their trading workflows to reduce operational errors. It also wants to achieve a common look and feel across all applications as well as access to a centralized app store.

Deephaven enables front-, middle- and back-office users to rapidly build analyses, models, reports and dashboards across large quantities of real-time, historical and alternative data sources, while Glue42 enables their user interfaces to communicate with each other, as well as with other external systems, to create a simplified user experience.

Brown Brothers Harriman launches third-party fintech cohort for clients

Brown Brothers Harriman (BBH) has announced the launch of BBH Connectors, a cohort of specialist third-party fintech and service providers that bring expertise in areas like environmental, social and governance (ESG) data, insurance accounting, class action recovery services, and artificial intelligence (AI) to drive meaningful outcomes for clients. BBH Connectors complements BBH’s modular, provider-agnostic technology solutions and BBH Infomediary data services to optimize asset managers’ and financial firms’ operating models. 

The Connectors program is launching with four unaffiliated external firms, while also showcasing several BBH-built solutions that can be provided together or separate from custody and administration services. The first group of external Connectors are Clearwater Analytics, Financial Recovery Technologies, IdealRatings and OnCorps.

Dash Financial launches new products in DASH360 suite

US options technology and execution provider Dash Financial Technologies has announced the launch of Dash360 Risk and Dash360 Allocations. The customizable new products—which allow traders to manage their Rule 15c3-5 market access requirements and post-trade option and equity trade allocations—are the latest additions to the Dash360 suite of analytics, reporting and risk tools.

Dash360 Risk offers sell-side firms a full suite of Rule 15c3-5 market access risk tools, enabling users to surveil for breaches, edit thresholds and react to risk events, in real-time. Key features include real-time visibility of all activity at the firm, account or trader level, including risk limit consumption, risk breaches, and alerts; ability to manage 15c3-5 thresholds directly through the risk module; and reporting of historical risk limit settings, requested changes, and historical utilization.

Dash360 Allocations allows users to allocate options and equites executions on a pre- or post-trade basis while capturing all necessary client reference data. Key features include the ability to consume formatted end-of-day files to automate allocation tasks; OCC Actionable ID processing and reporting; and reporting capabilities for operational and compliance audits, as well as billing functions.

Etrading Software, Anna announce joint task force for DTI and Isin

Etrading Software, acting as the selected registration authority for the new International Organization for Standardization’s (ISO’s) standard ISO 24165 for digital token identifiers (DTIs), and the Association of National Numbering Agencies (Anna), a global member association seeking to foster standardization within the financial industry and ISO registration authority for ISO 6166 International Securities Identification Numbers (Isins), have announced a new joint task force to identify potential synergies between the DTI and Isin.

The Digital Token Identifier Foundation was created by Etrading Software to provide ISO standard identifiers for digital assets based on open data principles. The task force with Anna and individual national numbering agencies was established in April and is due to run for 12 months.

Ice announces expansion of ESG data for European countries

Intercontinental Exchange (Ice), a global provider of data, technology and market infrastructure, has announced that its ESG reference data platform now includes coverage of major public European companies, allowing users to make actionable comparisons across companies, sectors and geographies. Key findings from the database showed significant differences in ESG reporting between the largest companies in Europe and the US.

Ice had recently announced that its ESG reference data coverage included constituents comprising the Ice US 1000 Index, which measures the performance of the largest 1,000 US companies. The service now includes coverage of the Stoxx 600 Europe Index, which represents 600 large-, mid- and small-cap companies across the European region. 

BSO expands with office in New Jersey

Infrastructure and connectivity provider BSO announced it has opened a new office in New Jersey with 20 staff members.

BSO is opening the new office after expanding to the US market over five years ago. The business has seen year-on-year growth of 40% based on demand from high-frequency trading firms, brokers and banks seeking to connect to the main financial exchanges in North America, Europe, Asia, Latin America and the Middle East.