FTF News also reports upon FinTech news from Salesforce, Thomson Reuters, Synechron, Girls in Tech and RIMES.
TradeSmart Gets New Links to Liquidity
With buy-side customers in mind, TradingScreen Inc. is partnering with Liquidnet, an institutional trading network, to allow the TradeSmart order and execution management system (OEMS) to access Liquidnet’s institutional liquidity and trading strategies, officials say.
A TradingScreen offering, TradeSmart is a software as a service (Saas) targets best execution across asset classes and the partnership will give users access to Liquidnet’s services, “furthering their ability to fulfill regulatory mandates for best selection and execution, such as MiFID II,” officials say.
The key capabilities of the partnership are:
- Access to additional liquidity: Mutual customers will be able to access Liquidnet’s pool of liquidity via “advanced blotter synchronization with TradeSmart,” to facilitate the discovery of “large-in-scale institutional liquidity, while maintaining complete anonymity”;
- Advanced Trading Tools: Mutual customers will get access to Liquidnet’s algorithmic trading strategies via blotter synchronization within TradeSmart;
- And frictionless strategy access: TradeSmart users will be able to interact with “additional liquidity seeking strategies within the Liquidnet community.”
Salesforce Adds Thomson Reuters Customer Risk App
Thomson Reuters, the news, market data and trading systems vendor, reports that it is collaborating with Salesforce, a San Francisco-based cloud-computing CRM provider, to take on new customers and “meet regulatory anti-money laundering obligations in the fight against financial crime.”
World-Check, Thomson Reuters’ database of risk intelligence data, “to support companies in meeting their due-diligence obligations, can now be accessed by customers on the Salesforce AppExchange through the Thomson Reuters Customer Risk Screener Application,” the companies say.
The Thomson Reuters Customer Risk Screener Application will now be accessible through Salesforce Sales Cloud, Financial Service Cloud and Service Cloud, according to a statement.
“Financial crime is one of the scourges of modern day society, and is linked to some of the world’s biggest problems such as forced prostitution, slavery and drug trafficking,” Debra Walton, managing director, customer proposition, financial and risk, Thomson Reuter, says in the statement. “The ‘Know Your Customer’ regulations are designed to help companies identify potential financial crime, and penalties for KYC failure are severe, including prosecution, substantial fines and ongoing regulatory oversight, not to mention reputational and brand value damage.”
Synechron Partners with Girls in Tech
Synechron, the financial services consulting and technology services provider, reports the start of a new partnership with Girls in Tech, a nonprofit “focused on tackling the need for greater diversity and inclusion within the tech industry through a collaborative recruitment marketing and diversity hiring initiative across New York and India.”
The two organizations will “tackle the need for greater diversity and inclusion within the technology industry through a collaborative recruitment market and diversity hiring initiative across Synechron’s global offices with a key focus on New York and India (Pune, Hyderabad, Mumbai, Bangalore, and Chennai),” according to a statement.
“Gender inequality and diversity remain key issues around the globe, particularly in the fields of science, technology, engineering and mathematics (STEM),” the statement points out. “Through a program of education, the partnership between Synechron and Girls in Tech will play a crucial role in addressing the diversity imbalance and helping to develop the tech workforce. In addition, it will offer community outreach and engagement, provide new skills for the tech workforce and support STEM education.” The partnership will enable Synechron to “access to the Girls in Tech recruitment platform, a … network of graduates and young, mid-career, and senior professionals in the technology space.”
Girls in Tech, which launched in 2007, tallies 100,000 members, across 36 countries and 60 chapters.
RIMES Launches RegFocus Market Surveillance
RIMES, a provider of managed data services and regulatory technology software for financial services, reports the launch of RegFocus Market Surveillance, a managed service for compliance managers across the buy- and sell-side, to “source, capture and maintain all necessary data elements to better meet current regulatory and surveillance obligations.”
RegFocus MS “helps compliance managers create a strategic approach to compliance, with comprehensive regulatory coverage and a team of regulatory experts constantly monitoring new regulatory obligations,” according to a statement. It is designed to “reduce the risk of insider dealing and market manipulation, in accordance with rules such as SEC Rule 10b-5, CFTC Rule 180.1, and Sections 747 & 753 of Dodd-Frank.”
RIMES also points out that RegFocus is “scalable and easy to integrate with any existing systems that firms have in place.”
RegFocus MS includes data and coverage management, insider list management, market manipulation and inside dealing monitoring, and best execution monitoring, per RIMES.