In other news, TT partners with KRM22, OneMarketData revamps its platform, and IPC & BondWave launch price discover tool.
Northern Trust & Equity Data Science Create ESG Tool
Northern Trust and Equity Data Science have launched what they describe as a workflow solution for environmental, social, and governance (ESG) data intended to “allow investors to more quickly access and share ESG information,” officials say.
The solution is described as an “ESG digitized data aggregation tool” that makes use of data science “to help increase transparency while enhancing efficiency and collaboration amongst investment teams,” officials say. “The ESG workflow solution can integrate ESG data and analysis directly into the investment process, incorporating feeds from multiple data providers and types.”
The new offering will target firms as they manage without “clear, industry-accepted standards for ESG data,” officials say.
“We know that implementing ESG is a top concern for our clients, so EDS and Northern Trust have come together to launch our new ESG workflow solution to provide our clients with a single source for their data,” says Paul Fahey, head of investment data science at Northern Trust, in a prepared statement. “This enables more efficiency and transparency for investment teams and helps clients streamline their data and reporting processes,” Fahey says.
The ESG workflow solution includes:
- Automated capture of ESG data from market and specialist vendors, including unstructured data sets that identify potential ESG issues;
- Seamless integration of vended data elements such as notes and commentary within the system for access to all ESG-related data in a single view;
- Tools to digitize analysts’ processes around gathering, reviewing, and annotating ESG scoring and events, and decision points throughout the investment process.
- Analytics and dashboards that allow analysts and portfolio managers to “interrogate, visualize, compare, and decompose ESG scores from major vendors” for each company’s “true ESG profile.”
Trading Technologies Partners with KRM22
Trading Technologies International (TT), a trading software, infrastructure and data solutions vendor, and KRM22 plc, a risk management software company have deployed the KRM22 Risk Manager via the TT platform, officials say.
The real-time post-trade risk service will add to the risk tool options available through TT for futures commission merchants (FCMs), brokers, and traders, officials say.
“The product’s risk scoring system will help users instantly assess real-time margin and liquidity, creating a new way for futures and options on futures traders to generate alpha under the most volatile market conditions,” officials say.
“The offering currently covers margin on existing positions and provides a full range of analytics behind those positions, including the ability to anticipate end-of-day margin. In the first half of next year, TT will add functionality for margin on open orders, giving the brokerage community serving firms and individual traders new tools to manage risk at the time of the trade,” officials say.
OneMarketData Revamps Platform & Adds Online Learning
OneMarketData, a tick data, analytics, and visualization solutions provider, has upgraded its flagship OneTick Tick Analytics platform and launched OneTick Academy, an online learning resource, officials say.
“The new offerings enhance how clients can deploy tick analytics at scale to drive trading and surveillance programs while benefiting from an unequaled level of customer experience and support. These services cap a period of continued global growth and technology advancements that have allowed the company to meet clients’ most complex trading, analytics, market data, and surveillance requirements,” officials say.
“The upgraded version of the OneTick Tick Analytics platform was designed to improve and simplify how clients consume data, write analytics and administer their OneTick deployment,” according to the vendor.
The OneTick upgraded release includes:
- Application programming interfaces (APIs), especially REST, Python and ODBC/JDBC;
- A new Machine Learning (ML) integration;
- Data collection for Kafka & AMQP (RabbitMQ);
- Analytics for book processing and Crypto trading analytics; and
- Enhanced visualization to support surveillance and monitoring displays;
In addition, the OneTick Academy “provides release notes that cover the history of enhancements in each OneTick major and monthly release; short, two-minute ‘how to’ micro learning guides delivered via video that cover new and existing OneTick functionality; and a library of all OneTick training courses available on-demand,” officials say.
The company will showcase its platform enhancements and OneTick Academy resource at XLoD Global London, Nov. 15 – 17, 2022.
IPC & BondWave Launch Pre-Trade Price Discovery Tool
Trading communications and connectivity vendor IPC Systems, and fixed income technology provider BondWave have integrated IPC’s Unigy and IQ/Max Touch solutions with BondWave Calculator, a pre-trade price discovery tool, officials say.
The partnership targets bond traders with “an integrated solution that automates the trading workflow by surveilling today’s market activity,” officials say.
The new collaboration brings BondWave’s trade benchmarking to IPC’s user community via direct access through IPC’s IQ/MAX Touch financial terminal, officials say.
With BondWave Calculator offered via the IQ/MAX Touch financial terminal, market participants can determine “on a pre-trade basis, the fair market value of a bond, while also surfacing additional benchmarks across the regulatory-prescribed ‘waterfall.’ The collaboration means that users can do more in less time with the confidence that they have done their diligence for pre-trade price discovery,” officials say.
“Our proprietary trade benchmarking engine provides IPC’s vast user base with enhanced pre-trade price discovery tools that ultimately help them trade smarter and more efficiently,” says Michael Ruvo, CEO of BondWave, in a statement.