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Refinitiv Signs Öhman Refinitiv has signed an agreement with Nordic investment management firm E. Öhman J: or Fonder (Öhman) to deliver an end-to-end workflow solution for its investment management business. The firm says the agreement will cover the entire pre- to post-trade workflow, and allows Öhman to leverage the full depth of Refinitiv desktop, trading, data, and analytical solutions. In a related move, Öhman is also partnering with the OMS/PMS platform from AlphaDesk, a Software-as-a-Service (SaaS) provider of STP software for the buy-side.
OTCXN Launches Crypto Block Trading Venue OTCXN say has launched its OTC Block Trading venue for crypto trading – what it says will be the first of several trading venues that will be launched for institutional-only digital asset trading. After a period of successful testing, the venue is now open to all clients with accounts at custodians on the OTCXN network, including Kingdom Trust and Prime Trust, both of whom are regulated US entities that offer custody services for fiat and cryptocurrencies. Trading on the venue includes fiat-for-crypto, crypto-for-crypto and fiat-for-fiat, the firm says.
Mosaic Launches FICC Analytics Product FICC data analytics company Mosaic Smart Data has launched a new feature for its MSX platform enabling users to instantly generate text reports on their trading activity data using machine learning. The feature will be available to all MSX users and will allow a trading activity report, which would take a member of staff hours to create, to be generated instantly. The firm says the new service uses a machine learning technique called natural language generation (NLG), meaning MSX can generate trading activity reports on any set of analytics on the platform including both voice and electronic trade data.
IHS Markit Turns to the Cloud for Post-Trade Processing IHS Markit has introduced new, cloud-based technology for post-trade processing of OTC derivatives trades. Called TradeServ, the platform launched in September for matching, confirming and clearing trades of NDFs. In total, 32 banks and asset managers are now live with TradeServ, which uses microservices architecture and cloud infrastructure to make the platform “flexible, scalable and reliable”, the firm says. It aims to provide customers with better access to trade data, easier integration and more continuous service upgrades in response to changing regulation and industry needs.
oneZero Releases Market Data Tool for MT5 Today oneZero Financial Systems has released a new tool, called Market Data Sentinel, which automates the reporting, monitoring, accounting and compliance of exchange market data used on the MetaTrader 5 platform. "We are excited to introduce Market Data Sentinel to address a real market need around reporting and monitoring exchange market data on MetaTrader 5," says Andrew Ralich, CEO of oneZero. “All MT5 brokers, whether they currently use oneZero’s Liquidity Hub or not, can take advantage of this powerful solution to a previously time-consuming manual workflow process.” He adds: “Market Data Sentinel represents our continued response to the needs of both our clients and the market. We always look for ways to leverage our superior technology development resources in support of important business needs that will enable our clients to focus on what they do best and grow their business, while relying on oneZero to make their processes more efficient."
Blockchain Company Completes $80m Private Placement Bitfury Group, a blockchain technology company, has closed an $80 million private placement with global institutional and corporate investors. The private placement was led by Korelya Capital, the European growth capital firm backed by Korean firm, Naver Group. The placement was joined by investors such as Macquarie Capital, Asian financial institution Dentsu Inc, European investment company Armat Group, European fund managers Jabre, Lian Group, special situations investment firm Argenthal Capital Partners, insurance group MACSF and Galaxy Digital, a specialised digital asset merchant bank led by Mike Novogratz. iTech Capital, an Eastern European tech specific private equity firm and historical investor in Bitfury, also took part in the placement.
Shell Adopts New Bloomberg Treasury Service Shell's Foreign Exchange Central Treasury business has implemented a Bloomberg service that connects its subsidiaries globally. The solution is now available for use by any corporate treasury operation in the world, Bloomberg announced today. The new technology was built by Bloomberg in collaboration with Shell and connects the company's central treasury office directly to its 718 operating units in 22 countries, so they can quickly and electronically exchange information. The functionality aims to help Shell manage its group risk with more than 200 distinct bank counterparties via the Bloomberg Terminal.
FiREapps Expands Software Beyond FX Risk FiREapps, a firm that provides technology to corporates that enables them to automate the analysis and management of currency data and exposures, has expanded its software offering from currency risk management to enterprise currency management (ECM). ECM solutions enable treasury and finance professionals to assess, mitigate and report currency impacts on corporate financial statements and results. But FiREapps says that what is more important than this is that the latest ECM solutions give financial planning and analysis (FP&A), supply chain and other finance professionals access to a common currency data platform that can be used to help avoid currency impacts, set and manage expectations of how currencies impact the business and make it easier to quickly and confidently answer currency-related questions from stakeholders.
Thai Corporate Adds Trading, Settlement Technology Thai energy company, PTT Exploration and Production Public Company Limited (PTTEP), has implemented Refinitiv’s FXall trading platform and “Settlement Center” post-trade solution for managing its FX transactions. Because PTTEP already uses Eikon, this maks it the first Thai corporate to adopt the end-to-end suite of services covering pre-trade, trade and post-trade phases, according to a statement. PTTEP executed its first production trades in early October. Yongyos Krongphanich, executive vice president, finance and accounting group at PTTEP, comments: “This collaboration between PTTEP and Refinitiv is considered an important step for PTTEP in managing its foreign exchange risk management and streamline back-end processes. This will further improve company’s competitiveness and support sustainable growth in this challenging digital era.”
MarketFactory Integrates API with Elysium MarketFactory has integrated its API, Whisperer, with Elysium Technology Group’s middle and back office product, Mission Control. Whisperer is a low-latency API that connects traders to over 80 ECN, bank and non-bank FX venues for market data, trading and market making. Mission Control is a cloud-based enterprise solution that enables FX trading operations to automate and optimise middle and back office functions. A global investment bank was the first customer to go live with the integration last month, says MarketFactory in a release issued today.