For this roundup: Broadrige has a new president, IHS & MSCI partner, Clearwater taps Eze Software Group & Qontigo debuts a fixed income risk model.
CQG Partners with DVeX
Front-end software systems vendor CQG has been partnering with DVeX, a new cryptocurrency exchange for institutional traders, to develop CQG-based trading tools and analytics for DVeX clients, officials announced.
CQG targets its solutions to traders, brokers, commercial hedgers, and exchanges, officials say. DVeX was created by the founders of DV Trading to provide an institutional cryptocurrency trading platform.
“DVeX is now integrated with CQG’s platform, streaming live, reliable and actionable cryptocurrency prices directly to CQG’s clients, who will now be able to add DVeX as an additional venue to transact cryptocurrencies just as they would any other exchange,” says Dino Verbrugge, founder of the DV Group, in a prepared statement.
The partnership with CQG will help DV Group “to advance our vision of creating a true institutional trading environment for crypto assets,” Verbrugge adds.
The partnership is bringing CQG’s suite of trading products, “along with our connectivity to futures exchanges listing cryptocurrencies,” to DVeX customers, adds Alli Brennan, CQG chief of staff, in a statement.
CQG offers front-end access to trading, market data, advanced technical analysis, risk management, and account administration. The vendor is working with many futures brokerage and clearing firms and provides direct market access (DMA) to more than 45 exchanges via a global network of co-located hosted exchange gateways, officials say.
Broadridge Promotes Chris Perry to President
Post-trade systems and services provider Broadridge Financial Solutions has promoted Chris Perry, its president for global sales, marketing and client solutions, to be the next president of Broadridge Financial Solutions, Inc., effective March 2, 2020.
Perry will serve as president alongside Tim Gokey, who will relinquish the title of president but will remain as CEO for Broadridge, officials say. Gokey will remain a director of the company.
“Following this appointment, Mr. Perry will expand his current responsibilities to take a stronger role leading Broadridge’s top clients and partners, overseeing Broadridge International, and coordinating Broadridge’s overall growth strategy,” according to a statement from the vendor.
“I look forward to working with Chris to continue to transform Broadridge into a leading SaaS [software as a service] provider leveraging next-generation technology to deliver industry solutions for critical infrastructure underpinning governance and communications, capital markets, and wealth and investment management,” Gokey says in a statement.
An industry veteran, Perry has more than 25 years of experience in banking, brokerage and financial information services. He joined Broadridge in 2014. “Broadridge has enjoyed six years of consecutive record-setting sales under Mr. Perry’s leadership,” Broadridge officials say.
Before Broadridge, Perry held many roles at Thomson Reuters, and its predecessor, Thomson Financial where he served as global managing director of risk for the financial and risk division, officials say. In the risk post, he oversaw governance, risk and compliance, and pricing and reference services.
IHS Markit and MSCI Collaborate on ESG Indices
IHS Markit, an information, analytics and solutions vendor, reports that a collaboration with MSCI now lets MSCI’s Environmental Social and Governance (ESG) rating and research data to be applied to a wide range of fixed income and credit indices from IHS Markit, officials say.
The first offering from that collaboration is the launch of sustainability-focused fixed income indices, officials say.
“In recognizing the importance of sustainable investing and following the successful launch of our Global Carbon Index, we are excited to collaborate with MSCI as we expand our ESG coverage in iBoxx and iTraxx indices,” says Sophia Dancygier, head of Indices at IHS Markit, in a prepared statement.
As a result of the collaboration, IHS Markit has launched sustainability-focused iBoxx MSCI short maturity corporate bond indices in three currencies — EUR, USD, GBP, officials say.
“The new iBoxx MSCI ESG indices exclude issuers in business lines or activities defined by MSCI ESG business involvement screens. Inclusion in the indices is also restricted to issuers with MSCI ESG ratings of BBB and above, and those in compliance with the United Nations Global Compact principles, which demonstrates a quantified commitment to ESG standards in operations, products and services,” according to IHS Markit.
Clearwater Analytics Hires from Eze Software Group
Clearwater Analytics reports that it has hired Katya Surudina, the former head of the EMEA Business Development team at Eze Software Group, to be the new European director of sales for Clearwater’s efforts overseas, officials say.
Clearwater offers a software-as-a-service (SaaS) solution for investment data management, reconciliation, accounting, and reporting, officials say.
Surudina has more than 15 years of industry experience via her roles at global financial technology vendors serving asset manager, officials say. At Eze Software Group, she was responsible for the expansion of the vendor’s front-to-back solution across traditional and alternative asset managers, officials say.
Prior to that, Surudina led the client services teams for Tradar, a portfolio management and accounting software firm, and PerTrac, the analytics and risk software company, officials say.
Clearwater reports that it has had “accelerated growth during the past 12 months in the European market” for its automated investment operational tools. Last year, assets on the system held by European-based clients increased by 12 percent, officials say. From its offices in London and Edinburgh, Clearwater serves clients in 27 countries across Europe, the Middle East, and Africa.
Surudina will be based in Clearwater’s London office.
Qontigo Releases Factor-based Fixed Income Risk Model
Qontigo, a provider of analytics and indices, has just released the Axioma Factor-based Fixed Income Risk Model that combines research capabilities in the equity factor space with systematic macro and style factor exposures to support factor-based investing in fixed income, officials say.
Qontigo was created last year via the combination of STOXX, DAX and Axioma, and is part of Deutsche Börse Group. It’s headquartered in Eschborn with locations in New York, Zug and London.
“Fixed income investors have struggled to get a clear understanding of the risks associated with their factor-based strategies,” says Ian Lumb, Qontigo’s managing director of fixed income solutions, in a statement. “Our new factor-based risk model is a cross-sectional model that provides users with additional explanatory power that was not available in the past with traditional rules-based models.”
The model uses Axioma Fixed Income Spread Curves, and has an extensive 15-year history of granular fixed income risk factors updated daily, officials say.
The complete Axioma Fixed Income Solutions Suite also includes: the Axioma Granular Fixed Income Risk Model; and the Axioma Factor-based Fixed Income Risk Model.