Fixes for ESG data management challenges may arise during a “Tech Sprint,” launched by PIMFA WealthTech, a market network and technology platform created via a trade association and principal partner Morningstar. On March 5, they officially kicked off a “Tech Sprint” for innovations in environmental, social, and governance (ESG) factors, particularly for ESG data management…. Read More >>
Morningstar Credit Ratings Settles Conflict-of-Interest Case
The U.S. Securities and Exchange Commission reports that it has settled with New York-based credit-rating agency Morningstar Credit Ratings, which it charged with violating a long-standing conflict-of-interest rule designed to separate a firm’s credit ratings and analysis from its sales and marketing. Morningstar Credit Ratings, a subsidiary of Morningstar, Inc., neither admits nor denies the… Read More >>
Morningstar Acquires Sustainalytics for $59M
Morningstar Ups Ownership of ESG Research Firm Morningstar, Inc., an investment research provider, reports an agreement to acquire Sustainalytics, a provider of environmental, social, and governance (ESG) ratings and research. Morningstar also points out that it currently has an approximately 40 percent ownership stake in Sustainalytics, first acquired in 2017, and that, under the terms… Read More >>
Investors Question U.S. Government’s COVID-19 Response: Survey
Limited partner (LP) investors are having some major reservations about the federal government’s handling of the COVID-19 pandemic, which is also affecting their investment activity, according to a new survey from global capital placement agent Eaton Partners. Among the results from the “Eaton Partners LP Pulse Survey” is that “an overwhelming majority of institutional investors… Read More >>
CloudMargin Hires Former Group CEO of TriOptima
CloudMargin Appoints Stuart Connolly as Next CEO A former Group CEO of TriOptima Stuart Connolly has been named as the new CEO of CloudMargin, a London-based vendor of cloud-based collateral and margin management solutions, replacing Steve Husk, who left CloudMargin. The CloudMargin board of directors approved Connolly’s appointment and he has taken on the role,… Read More >>
Linedata Admin Edge to Get New Links to Morningstar’s BondPro
Linedata Extends Morningstar Agreement Investment management systems vendor Linedata is expanding its fixed income and credit derivatives coverage for its fund services clients via an extension of its partnership with Morningstar, officials say. “The partnership will provide expanded analytics to meet the requirements of alternative funds and [separately managed accounts] and enhances Linedata Admin Edge’s… Read More >>
SEF for Rolling Hemp-Backed Trades Joins FinTech Sandbox
Seed CX, a Chicago-based, new swap execution facility (SEF) for trading hemp as a commodity, has just been selected by the FinTech Sandbox to join its community of innovators, an opportunity that follows shortly after the CFTC approved the SEF. The SeedCX SEF’s mission is to help agricultural market participants to hedge risk and to… Read More >>
EBS Joins Thomson Reuters’ TRTN Post-Trade Network
EBS Clients Get STP via TRTN Foreign exchange (FX) trading platform EBS is now part of a post-trade network offering, the Thomson Reuters Trade Notification (TRTN), in an effort to offer EBS clients straight through processing (STP) support, officials say. EBS is joining more than 2,500 other publishers on TRTN, which Thomson Reuters officials say… Read More >>
CME May Spur Bidding War for the LSE
There is a sense of déjà vu in the air with talk of a $28 billion merger between Deutsche Börse and the London Stock Exchange Group (LSEG). The two have been circling around each other for years but as in the past, rival exchanges may try and break the bond. This time around the Intercontinental… Read More >>
‘Advisors using Morningstar Office Can Quantify Client Risk Tolerance’
Riskalyze, a risk analytics vendor, and investment research provider, Morningstar, report that they have integrated their wares so that “up-to-date account data from Morningstar Office” can be fed into Riskalyze software on a nightly basis. Advisors that have Riskalyze, maker of Risk Number, and Morningstar Office can access their Morningstar Office client information from within… Read More >>
