Clearstream has created a digital instrument on D7, Deutsche Börse’s digital post-trade platform. European issuers can now leverage the new infrastructure to issue digital securities. The first automated issuances were performed by LBBW and Vontobel, and facilitated by Clearstream, Deutsche Börse’s post-trade service provider. D7 is fully integrated within Clearstream’s global infrastructure and works as…
Category: FinTech
Warwick goes with Allvue for CLOs
Allvue Systems, an alternative investment technology solutions provider, has been selected by Warwick Capital Partners as the software provider for its CLO business. Warwick is a UK-based special situations firm that brings creative solutions to complex opportunities and manages approximately USD2.5bn. Warwick will leverage Allvue’s CLO Start-Up Package, an all-in-one product suite that simplifies operations…
State Street adds FundGuard to Alpha platform
State Street has selected FundGuard to deliver a strategic accounting solution for State Street Alpha. FundGuard is a scalable cloud-native investment accounting, fund accounting, and contingency NAV solution. The FundGuard accounting solution will be integrated for STP from portfolio management and trading in the Charles River Investment Management Solution through to custody and administration. A…
HQLAx pioneers cross-DLT repo trade
HQLAᵡ, J.P. Morgan, Ownera and Wematch have successfully tested the technical feasibility of executing a DvP repo transaction across two different DLT platforms at HQLAᵡ and J.P. Morgan. The test showed how rights to securities, recorded in digital collateral records (DCRs) on the HQLAᵡ ledger, and digital cash, recorded at J.P. Morgan, could be recorded…
IDR hires veteran bus dev director
Stu Williams has joined IDR as business development director. Based in Boston, he will be responsible for the growth of IDR’s North American business. IDR provides a central, globally accepted and standardised way for private capital investors to onboard.
BNY Mellon and Pirum launch optimisation service
BNY Mellon and Pirum, a fintech specialising in trading markets, have launched a joint optimisation service to offer collateral providers margining, risk management and inventory management to drive improved risk/return outcomes. The solution, ECPOConnect, combines BNY Mellon’s collateral management service, ECPO, which optimises more than USD4trn in assets globally, with Pirum’s CollateralConnect platform, a SaaS…
Apex launches compliance solutions in U.S.
Apex has expanded its global compliance solutions service to the U.S. market. The global compliance solutions team provides clients with tech-enabled compliance and AML solutions. The expansion into the U.S. market will help to address clients’ risks and concerns around ESG, AML and financial crime, as well as delivering compliance advisory support including for emerging…
TrustQuay gets new investor
TrustQuay, the UK-based technology provider to the global trust, corporate and fund services industry, has announced that Hg, a leading software and services investor, has become the majority investor in the business. As part of the transaction, the TrustQuay management team will continue in the business whilst the former majority owner, Silverfleet Capital, has fully…
Clearwater to acquire JUMP
Clearwater Analytics, a U.S.-based provider of SaaS-based investment accounting, reporting, and analytics solutions, has entered into an agreement to acquire France-based JUMP Technology. Clearwater expects the acquisition to close before year-end. The terms of the agreement will lead to the purchase of JUMP Technology for EUR75m. The acquisition will add 100 employees serving 70 clients…
SS&C partners with Coinbase
SS&C Eze has partnered with Coinbase to offer clients access to Coinbase Prime, an institutional platform for digital assets. With the partnership, traders using Eze Investment Suite can manage their crypto trading processes in one place, from pre-trade compliance to custody. Coinbase Prime is a platform built specifically for institutions providing secure custody, smart order…