The U.S. Securities and Exchange Commission (SEC) has released two new reports offering a more detailed view into the operations of registered investment managers and money market funds. The reports are part of the SEC’s Division of Investment Management’s ongoing efforts to increase transparency and share data about the combined $49 trillion industry. The Annual… Read More >>
BondWave Buys Bitvore’s Fixed Income Data Analytics Unit
BondWave, a fixed income technology solutions provider, will be expanding its fixed income data and analytics platform, dubbed Effi, via the acquisition of the fixed income data analytics business unit of Bitvore, an artificial intelligence (A.I.) company offering insights from unstructured data, officials say. BondWave will not be acquiring the rest of Bitvore and will… Read More >>
Firefighters’ Pension Fund Taps Northern Trust
The Firefighters’ Retirement System (FRS) of Louisiana has tapped Northern Trust to improve the operational efficiency of its $2.4 billion fund via asset servicing and data analytics capabilities, officials say. “FRS of Louisiana is a government-defined benefit pension plan, established by the state legislature in 1980 to provide retirement and other benefits for Louisiana firefighters,”… Read More >>
BNY Mellon Migrates Data & Analytics to Microsoft’s Azure
Custodian BNY Mellon and Microsoft are joining forces again to bring together Microsoft Azure cloud computing and BNY Mellon’s financial data and analytics capabilities, including an exploration of artificial intelligence (A.I.), officials say. The companies have worked together before “creating data, technology, and content solutions for investment managers on Microsoft Azure,” officials say. This latest… Read More >>
IPC & BXS Partner to Combine Order Analysis & Reporting
Regulatory reporting provider BXS and communications and market connectivity vendor IPC Systems have extended a partnership to target buy- and sell-side firms that want a single solution for routing, executing, and reporting orders across asset classes including crypto markets, officials say. The partnership offers securities firms links between the BXS Trade Surveillance Solution and IPC’s… Read More >>
Buy-Side Demand for Analytics Is Surging: Q&A
(FTF News recently reached out to Abhik Pal, a senior director and global head of research practice at CRISIL Global Research and Risk Solutions, about the buy side’s needs for data analytics. Pal is one of the co-authors of a new report, “Unlocking Value in Data and Analytics,” that urges sell-side firms to adopt a… Read More >>
Snowflake to Host Cboe’s Data Framework & Other News
Cboe to Send Data & Analytics to the Cloud Exchanges company Cboe Global Markets reports that it is moving its corporate data and analytics from onsite systems to the cloud via Snowflake’s Data Cloud. Cboe officials say that they are making the change to bring “speed, scalability, and efficiency” to Cboe’s management of internal, proprietary data… Read More >>
Goldman Sachs & AWS Partner to Offer Analytics Services
Collaboration Takes Aim at Developers’ Burdens Goldman Sachs and Amazon Web Services (AWS) will be launching a suite of cloud-based data and analytics solutions for financial institutions, dubbed the Goldman Sachs Financial Cloud for Data, officials announced at the AWS re:Invent conference this week in Las Vegas. The cloud-native Goldman Sachs Financial Cloud for Data… Read More >>
Buy-Side Firms Want Data Science: Survey
Portfolio managers have no reason to fear data science as it cannot really replace what they do. But harnessing data in new ways could give them an unprecedented advantage, according to a survey of 300 asset management firms sponsored by custodian Northern Trust. “The business case for digital automation and the use of investment data… Read More >>
Wipro Buys Capco for $1.45 Billion
Acquisition Expected to Close by June 30 The London-based Capco, a financial services and technology consultancy, will become part of Wipro Ltd., the Bangalore-based global IT and services provider as a result of a $1.45 billion acquisition. The agreement will enable Wipro to offer “digital, consulting and technology services to financial institutions in the Americas,… Read More >>
