This Week: SimCorp, Nasdaq, FactSet/Snowflake, IBM
A summary of some of the past week's financial technology news.
![stack-newspapers-news](/sites/default/files/styles/landscape_750_463/public/2018-07/GettyImages-908385546.jpg.webp?itok=GD4gJJJ7)
Pennsylvania Public School Employee’s Retirement System Taps SimCorp
The Pennsylvania Public School Employees’ Retirement System (PSERS) has signed a license agreement with SimCorp to form the foundation of its middle and back-office investment operations.
SimCorp’s cloud-based Dimension Investment Book of Record will allow PSERS to use a single system for these operations and provide analytics. The pension fund, with its $59.1 billion in assets under management, wants to use Dimension to support its portfolios and increasingly complex investment strategies.
Nasdaq Adds New Trade Surveillance Platform to Market Technology Suite
Nasdaq has launched new data discovery capability into its Nasdaq Trade Surveillance platform aiming to provide additional insights into market abuse.
The capability will also help normalize trade and compliance data for regulatory inquiries, reconciliation, and case reviews. It is part of a large suite of market technology platforms from Nasdaq, so it will have access to data beyond surveillance that can be tapped for additional analytics. The company said the data discovery capability is already in operation in multiple firms.
FactSet Adds Datasets to Snowflake
FactSet is set to launch its datasets on cloud-based data platform Snowflake.
FactSet’s datasets, both structured and unstructured, will be available for clients already using other content available in Snowflake. Snowflake is a SaaS-based data warehouse that promises faster access to data. It has around 2,500 customers in different industries.
Deeper Analysis on WatersTechnology.com
Below are the five most-read stories on WatersTechnology.com from the past week.
For the App Interoperability Movement, 2020 will be a Big Year
Blockchain in the Capital Markets: Slow Progress in 2019
Banks Look to Virtual Data Warehouses to Unify Trading Desks
Options Gets Abry Partners Investment
Cloud-enabled managed services provider Options has received an undisclosed investment from private equity firm Abry Partners.
The investment will be used to further its growth strategy, including pursuing potential acquisitions, geographic expansion, and investments in Options’ technology platform. Options already has offices in the US, the UK, Ireland, Hong Kong, Singapore, Canada, Switzerland, and Australia.
AxeTrading Offering Access to UBS Bond Trader
AxeTrading clients will now be able to access UBS Bond Trader through its AxeTrader EMS.
Through the AxeTrader EMS, users will be able to access the equivalent of $30 billion of daily global liquidity in credit, rates, and emerging market bonds. Axe Trading said access to UBS Bond Trader provides more trading options for its clients and adds to the liquidity the firm has on its platform.
IBM Expands Q Network
IBM’s Q Network, its network of collaborators in the research of quantum computing, signed new organizational partners including, Goldman Sachs and Wells Fargo.
The Q network now has over 200,000 users and claims to runs hundreds of billions of executions on IBM’s quantum systems. These executions have led to over 200 third-party research papers on applications of quantum computing. The company also announced the first two IBM commercial quantum computers outside of the US in Germany and Tokyo, Japan.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Banks fret over vendor contracts as Dora deadline looms
Thousands of vendor contracts will need repapering to comply with EU’s new digital resilience rules
Where have all the exchange platform providers gone?
The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.
This Week: Trading Technologies completes ANS deal; State Street; Equinix; and more
A summary of the latest financial technology news.
Interactive Brokers looks beyond US borders for growth opportunities
As retail trading has grown in volume and importance, Interactive Brokers and others are expanding international offerings and marketing abroad.
JP Morgan’s goal of STP in loans materializes on Versana’s platform
The accomplishment highlights the budding digitization of private credit, though it’s still a long road ahead.
As data volumes explode, expect more outages
Waters Wrap: At least for those unprepared—though preparation is no easy task—says Anthony.
This Week: ICE Bonds and MarketAxess plan to connect liquidity networks, TS Imagine, Bloomberg, and more
A summary of the latest financial technology news.
Industry associations say ECB cloud guidelines clash with EU’s Dora
Responses from industry participants on the European Central Bank’s guidelines are expected in the coming weeks.