BWise, Sapient Global Markets, TradingScreen and more…

BWise, a subsidiary of NASDAQ OMX providing software in compliance, governance and risk management, has launched its Vendor Risk Management product to help manage vendor and supply chain risk.

By None

BWise launches new supply chain and vendor risk technology

BWise, a subsidiary of NASDAQ OMX providing software in compliance, governance and risk management, has launched its Vendor Risk Management product to help manage vendor and supply chain risk.

The new product includes a centralised vendor database, contract management, issue and incident management and reputational risks. It manages vendors throughout their lifecycle, including ongoing evaluations and contract management.

“As a result, outbound supply chain risks are made transparent, so organisations can comply with reporting requirements  and provide deeper business intelligence,” said Robert Pijselman, the CEO of BWise.

Sapient adds portfolio reconciliation to reporting system

Global financial services firm Sapient Global Markets has extended its Compliance Management and Reporting System (CMRS) for portfolio reconciliation, so firms can collate data across multiple systems for reporting purposes.

The extension means firms can translate data from systems into the destination message format and deliver it directly to swap data repositories (SDRs) in line with reporting rules under the Dodd-Frank Act.

“The additional functionality of portfolio reconciliation is a natural extension of the CMRS platform and is essential given heightened global regulatory pressures and a more complex market model where some derivatives trades will be centrally cleared while others remain bilaterally traded,” said Arun Karur, vice president, Sapient Global Markets.

TradingScreen meets Dodd-Frank FX requirements

TradingScreen has announced that it is in compliance with the final CFTC rules under the Dodd-Frank Act covering certain FX transactions,  that require firms to display mid-point pricing on foreign exchange pre-spot, forward outrights, non-deliverable forwards and swap trades. The new rules came into effect on 1 May 2013.

‘The new Dodd-Frank requirements add a great deal of transparency and insight,” said Jon Fatica, head of analytics for TradingScreen. ‘The mid-point price information makes our current transaction cost analysis platform more valuable, helping traders identify lower-cost execution venues.”

Kepler to use of SunGard’s Valdi to access UBS MTF

European financial services firm Kepler Capital Markets will use SunGard’s Valdi solution to access European multilateral trading facility UBS MTF.

Valdi, a software-as-a-service tool (SaaS), is already used by the firm to access a number of trading venues and the tool will help Kepler access liquidity unavailable to other brokers.

“SunGard’s Valdi smart order router and SaaS-based connectivity service help us achieve price improvements for our clients by helping us capture the liquidity available on existing and new trading venues,” said Thomas Biotteau, head of execution for Kepler Capital Markets.

Bonaire post-trade solution used by leading investment bank

Revenue and expense management provider Bonaire Software Solutions will provide its REVPORT tool to one of the world’s top 12 global investment banks.

The solution lets capital markets firms automate post-trade execution expense calculation and vendor invoice reconciliation. The investment bank will use REVPORT to satisfy regulatory pressure for increased transparency and improve post-trade cost processes.

“Automating the post-trade expensive validation process allows our capital markets clients to significantly reduce costs, increase transparency and improve the overall process,” said Chris John, CEO of Bonaire. “In working with an increasing number of execution venues, capital markets firms are faced with managing post-trade execution expenses across a growing number of brokerage and exchange vendors.”

OneMarketData hires Jeff Banker for market development role

OneMarketData has appointed Jeff Banker as SVP of market development.  The industry veteran has 20 years of experience and most recently worked at Interactive Data Corporation.

The firm specialises in market data management and analytics. Its OneTick product combines complex event processing and tick data management both historically and in real time.

According to Banker, “as tick data volumes continue to grow, financial firms must be able to quickly and cost effectively manage, archive and access real time and historical data in order to maintain their systemic edge”.