FINCAD, SSE Telecoms, Quincy Data and more …

FINCAD is now offering F3 Platform designed to give organisation-wide views of risk, margin and collateral requirements for OTC derivatives trades.

By None

FINCAD releases F3 Platform for valuation and risk

FINCAD is now offering F3 Platform designed to give organisation-wide views of risk, margin and collateral requirements for OTC derivatives trades.

The new platform is designed for organisations to effectively manage risk and comply with new regulation in both the US and Europe, which requires OTC derivatives to be centrally cleared.

“A history of fragmented technology implementations has created information silos, making it virtually impossible to get a firm-wide view of asset values and risk exposures,” Bob Park, president and CEO of FINCAD, said.

“This approach may have been workable in the past, but it is no longer tenable. Complying with regulations requires a holistic view of risk; and remaining competitive means having accurate analytics on an intraday basis.” 

SSE Telecoms’ LIGHTNOW available at Volta

Network infrastructure provider SSE Telecoms has added Volta to its LIGHTNOW high-capacity, optical networking service.

The LIGHTNOW service provides Volta customers with 10 gigabit ethernet wavelength connectivity to 20 London data centres, at sub-1ms latency. The partnership also gives SSE’s customers and partners more connectivity choices.

Matthew Dent, CEO of Volta said: “We are excited about Volta’s inclusion in SSE Telecoms’ LIGHTNOW network. High bandwidth, low latency ethernet connectivity between data centres is a critical requirement for today's IT managers.

“Our presence on the LIGHTNOW network ensures that Volta customers enjoy best in class optical wavelength connectivity to other facilities, while SSE Telecoms’ customers now have access to central London’s’ most resilient and well-connected facility.” 

Quincy Data launches low latency service for London and Frankfurt

Quincy Data is now distributing Aurora-sourced data to major data centres in London and Frankfurt, offering ultra-low latency.

Data sourced from Aurora can be provided to the London Slough-LD4 data centre in 35.39 miliseconds and to Frankfurt’s FR2 data centre in 37.79 milliseconds.

Quincy said the routes offer the lowest known latency for any commercial service and are set to receive significant upgrades in the coming months to ensure they keep pace with market developments.

Quincy’s European expansion is our next phase in delivering a market data service that is fast, fair and flexible,” said Quincy Data co-founder, Stephane Tyc. "At last, the lowest latency market data can be bought as a service, lowering barriers to entry and fostering competition."

Quincy’s European expansion plans in the coming months will include distributing select Eurex data to London, New Jersey and Illinois. 

Wealth manager allies with SmartStream for client reconciliations

SmartStream Technologies has teamed up with asset manager SEI to provide its clients with a reconciliation platform.

The utility, called TLM Reconciliations Premium and developed and deployed by SmartStream, will enable SEI’s wealth management clients to reconcile cash, transactions and securities positions from a single location.

Clients will benefit from automated exception handling, enabling time critical break resolution, resulting in improved visibility of risk and operational savings.

“SEI is looking forward to achieving significant quality and efficiency gains through the deployment of TLM Reconciliations Premium,” said Ria Walsh, executive vice president, SEI Private Trust Company. “Additionally, we look forward to leveraging the TLM SmartRecs solution with a goal of broadening our current use of the solution for financial reconciliation, and using it in innovative ways to positively impact our business.”