This Week: RepRisk/JP Morgan; TP Icap; Moody’s/MioTech; FTSE Russell; SimCorp & More

RepRisk Partners with JP Morgan for ESG Risk Data

Environmental, social and governance (ESG) data science company RepRisk is working with JP Morgan to offer the front office access to its ESG risk data through the bank’s multi-asset data and analytics platform, DataQuery.

RepRisk offers quantitative analytics and metrics for public and private companies. DataQuery is JP Morgan’s multi-asset data and analytics application for institutional clients. The platform features financial market data from the bank’s research and trading businesses, and is adding providers in its data marketplace. RepRisk’s ESG dataset will be available for consumption across all of DataQuery’s client-facing channels, giving access to material ESG risk data for more than 150,000 companies.

TP Icap Launches Trading Solution to Manage Risk in Fixed Income Portfolios

Market infrastructure provider TP Icap has launched Matchbook ReBalance, an electronic trading solution aimed at reducing residual risks in fixed income portfolios.

The system can be used across emerging market, investment grade, high yield, financial and sterling corporate bonds. It forms part of TP Icap’s portfolio of post-trade risk management and optimization tools.

Moody’s Acquires Minority State in MioTech

Moody’s Corporation has announced its acquisition of a minority stake in MioTech, a provider of alternative data and insights serving environmental, social, and governance (ESG) and know-your-customer (KYC) markets in Greater China.

MioTech uses artificial intelligence to track and scan alternative data sources related to ESG and KYC factors, supply chains, and financial information for more than 800,000 public and private companies in the country. 

Moody’s and its affiliates will seek to incorporate MioTech’s alternative data and product offerings to streamline analytical processes, monitor portfolios, inform risk assessments, accelerate product developments, and deepen coverage of China.

FTSE Russell, Digital Asset Research Introduce Reference Prices for Digital Assets 

Index, analytics and data provider FTSE Russell has partnered with digital asset data provider Digital Asset Research (DAR) to launch reference price files for the digital asset market.

DAR’s exchange vetting process evaluates over 350 digital asset exchanges according to a set of preliminary criteria such as liquidity and domicile, and initial data science screens designed to identify and eliminate illegitimate, inappropriate, or insignificant players. These initial tests narrow the field of exchanges down to a list of 12 that pass the full vetting process, with a further 19 placed on a watchlist.

Currently, there are 182 blockchain-based benchmark and non-benchmark assets included in the FTSE DAR Reference Price files listed across the fully vetted and watchlisted digital asset exchanges, representing roughly $400 billion in market capitalization.

SimCorp Collaborates with WTax for Buy-Side Recovery of Withheld Tax 

SimCorp, a provider of multi-asset investment management solutions and services to buy-side institutions, has announced a collaboration with WTax, a provider of withholding tax recovery services, to help the buy side recover withheld tax across borders more efficiently.

BMLL Data Lab and Data Feed Now Available in US via Data In Harmony

Data and analytics provider BMLL has announced a collaboration with Data in Harmony (DIH) aimed at making BMLL’s Data Lab and Data Feed available to US-based market participants.

The collaboration follows the news in October that BMLL is now providing five years of Level 3 order book data for US markets. Data Lab combines this data with APIs and analytics libraries in a cloud environment to allow quants to perform research without having to do their own data curation or engineering.

The distribution agreement with DIH brings BMLL’s data and analytics capabilities to US capital markets users through DIH’s network of buy-side players and service providers.

SoftSolutions launches Electronic Trading-as-a-Service with nexRates

Fixed income technology provider SoftSolutions has announced the launch of the next generation of its nexRates product, an electronic Trading-as-a-Service platform for secondary markets. nexRates can now be delivered over the cloud as well as on-premises.

The solution for fixed income bonds and derivatives will provide clients with access to multiple markets via a single trading application with SaaS connectivity. nexRates offers a multi-trading venue and multi-currency system, as well as a real-time risk management service.

NeoXam Launches Solution for Monitoring Market Data Costs

Software provider NeoXam has released a new suite of tools to help financial institutions monitor, control and optimize market data subscription costs. The toolset comprises two solutions, DataCost Monitor and DataCost Optimizer. 

DataCost is built on top of NeoXam’s DataHub platform, which normalizes pricing and reference data from different sources to create a golden copy aimed at making it easier to switch between market data vendors. DataCost will be available globally to sell-side and buy-side market participants from this month.

Northern Trust Launches Investor Portal for Alternative Asset Managers

Northern Trust has announced the launch of its next-generation investor portal for alternative asset managers, offering updated data feeds, customized views, and analysis. The portal was built in partnership with fintech provider InvestCloud.

The portal provides an enhanced user experience, including a direct interface that gives investors 24/7 access to their investment data, secure data transmission, visualization of metrics, custom data, and a manager portal that provides analytics.

Citisoft Debuts Benchmarking Services for Asset Managers’ Vendor Relations

Management consultancy Citisoft has announced the launch of Benchmarking Services, an offering designed to help asset managers assess their existing software and service provider relationships. The service looks at providers throughout the investment lifecycle, with the aim of providing a comprehensive view of options and pricing across the market.

Asset managers can use Benchmarking Services to gain an understanding of the options available without undergoing a time-intensive search-and-selection process.

LiquidityBook Launches Standalone CAT Reporting Solution