In other news, TT partners with KRM2, OneMarketData revamps its platform and IPC & BondWave launch pricing tool.
Northern Trust & Equity Data Science creates ESG tool
Northern Trust and Equity Data Science have launched what they describe as an environmental, social and governance (ESG) data workflow solution that “is designed to enable investors to access and share ESG information more quickly.” , officials say.
The solution is described as an “ESG-digitized data aggregation tool” that uses data science “to increase transparency while improving efficiency and collaboration between investment teams,” officials say. “The ESG workflow solution can integrate ESG data and analysis directly into the investment process by incorporating feeds from multiple data providers and types.”
The new offering is aimed at companies that can manage without “clear, industry-accepted standards for ESG data,” officials say.
“We know that implementing ESG is of paramount importance to our clients, so EDS and Northern Trust have partnered to launch our new ESG workflow solution to give our clients a single source for their data offer,” says Paul Fahey, head of investment data science at Northern Trust, in a prepared statement. “This enables greater efficiency and transparency for investment teams and helps clients streamline their data and reporting processes,” says Fahey.
The ESG workflow solution includes:
- Automated collection of ESG data from market and specialty providers, including unstructured datasets that identify potential ESG issues;
- Seamless integration of sold data elements such as notes and comments within the system to access all ESG-related data in a single view;
- Tools to digitize analysts’ processes around collecting, reviewing and annotating ESG scores and events and decision points throughout the investment process.
- Analytics and dashboards that enable analysts and portfolio managers to “query, visualize, compare and dissect ESG scores from major vendors” to determine each company’s “true ESG profile”.
Trading Technologies is a partner of KRM2
Trading Technologies International (TT), a provider of trading software, infrastructure and data solutions, and KRM22 plc, a risk management software company, have deployed the KRM22 Risk Manager through the TT platform, officials say.
The real-time post-trade risk service will complement the risk tool options available through TT for futures commission dealers (FCMs), brokers and dealers, officials say.
“The product’s risk scoring system will help users instantly assess margin and liquidity in real-time, creating a new opportunity for futures and options on futures traders to generate alpha in the most volatile market conditions,” officials say.
“The offering currently covers margin on existing positions and offers a full suite of analysis behind those positions, including the ability to anticipate margin at the end of the day. In the first half of next year, TT will add open order margin capabilities and provide the brokerage community serving firms and retailers with new tools to manage risk at the time of trade,” officials say.
OneMarketData revamps platform and adds online learning
OneMarketData, a provider of tick data, analytics and visualization solutions, has updated its flagship OneTick Tick Analytics platform and launched OneTick Academy, an online learning resource, officials say.
“The new offerings enhance the way clients can leverage tick analysis at scale to drive trading and monitoring programs while benefiting from an unparalleled level of client experience and support. These services cap a period of continued global growth and technological advances that have enabled the company to meet clients’ most complex trading, analytical, market data and monitoring needs,” officials said.
“The updated version of the OneTick Tick Analytics Platform is designed to improve and simplify how customers consume data, write analytics, and manage their OneTick deployment,” the provider said.
The updated version of OneTick includes:
- application programming interfaces (APIs), particularly 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
- Improved visualization to support monitor and monitor displays;
Additionally, OneTick Academy provides “Release Notes covering the history of enhancements in each major and monthly release of OneTick; short, two-minute micro-tutorials delivered via video covering new and existing OneTick features; and a library of all OneTick training courses available on-demand,” officials say.
The Company will showcase its platform enhancements and OneTick Academy resources at XLoD Global London, November 15-17, 2022.
IPC & BondWave launch pre-trade price discovery tool
IPC Systems, a provider of trading communications and connectivity, and BondWave, a provider of fixed income technology, have integrated IPC’s Unigy and IQ/Max Touch solutions with the BondWave calculator, a premarket pricing tool, officials say.
The partnership is aimed at bond traders with “an integrated solution that automates the trading process by monitoring today’s market activity,” officials say.
The new collaboration brings BondWave’s trade benchmarking to IPC’s user community through direct access through IPC’s IQ/MAX Touch financial terminal, officials say.
The BondWave calculator, offered through the IQ/MAX Touch financial terminal, allows market participants “to determine a bond’s fair market value on a premarket basis while also uncovering additional benchmarks above the regulatory ‘waterfall’. Collaboration means users can do more in less time, safe in the knowledge they’ve done their due diligence in pricing before trading,” officials say.
“Our proprietary trading benchmarking engine provides IPC’s large user base with enhanced pre-trade price discovery tools that ultimately help them trade smarter and more efficiently,” said Michael Ruvo, CEO of BondWave, in a statement.