Clearstream partners with SimCorp on integrated fund data service
Tie-up will enable SimCorp clients to access Clearstream’s fund data solutions via its Kneip platform.
Tie-up will enable SimCorp clients to access Clearstream’s fund data solutions via its Kneip platform.
The collaboration aims to break down barriers of entry to Australia’s markets, and provide infrastructure which directly connects to ASX’s data centre, the Australian Liquidity Centre (ALC).
The news builds on the firms’ ongoing collaboration from 2014; move will allow the bank’s treasury division to access RepoClear’s services.
The growth reflects increasing buy-side demand for all-to-all trading, particularly driven by the corporate bond market, according to the latest Coalition Greenwich report.
The move follows UBS’ shock departure from offering outsourced trading in March this year.
Incoming individual has previously worked at: BGC Partners, ICAP, Deutsche Bank, Dresdner Kleinwort Wasserstein and Société Générale.
The move comes as part of the push to boost retail trading across Europe and will provide FastTrade users with access to 13 European markets available through Equiduct Apex.
The offering aligns with further planned expansion, with the firm also set to offer EBS Direct and CME Group’s FX Spot+ platform.
The new offering is set to enhance counterparty communications and deliver quick insights for Bloomberg Anywhere users.
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