Linedata launches updated Global Hedge platform
Linedata has revamped its Linedata Global Hedge platform, incorporating data visualisation to support trading and risk monitoring.
The upgrades, which come after consultation with hedge fund clients, also include a new interface, better integration with third-party systems, corporate action processing with calendar-view, and real-time profit/loss and exposure to beta and delta.
“Historically, hedge funds did not have the same requirement as traditional funds to report on their investment activity but under the new regulatory framework that is changing,” Gary Brackenridge, global head of hedge funds business line for Linedata, said.
Linedata also announced the launch of Linedata I-CIPS, a stand-alone collective investment net asset value and unit pricing calculation and validation engine.
REGIS-TR and Abide Financial to launch MiFID reporting service
European trade repository REGIS-TR and Abide Financial have partnered up to provide a Markets in Financial Instruments Directive (MiFID) reporting service.
Under the agreement, the service will be offered by REGIS-TR and operated by regulatory reporting expert Abide.
REGIS-TR’s clients would have access to Abide’s service offerings, such as data extraction, transaction report reconciliation and tailored reporting. Abide would also be able to provide a full European market infrastructure regulation reporting service using REGIS-TR’s repository services.
“Abide’s ARM (approved reporting mechanisms) status and their ability to tailor their services to our client’s needs has been the foundation for this alliance,” Nicolas Boatwright, deputy managing director at REGIS-TR, said. “This agreement provides the perfect solution for those clients requiring dual MiFID and EMIR reporting capabilities.”
GMEX announces key appointments
New derivatives exchange, Global Markets Group (GMEX), has appointed a non-executive chairman and directors.
The multilateral trading facility (MTF), which is being launched by former Chi-X Europe executive Hirander Misra, will focus on interest rate swap futures contracts and emerging markets development across asset classes.
Lamon Rutten, a former managing director and CEO of Multi-Commodity Exchange of India, has been named non-executive chairman.
Mark Blundell, former European managing director of the Chicago Mercantile Exchange, and Tony Harrop, managing director of Forum Trading Solutions, which provides the underlying exchange technology for GMEX, have also been appointed as non-executive directors.
Dorothy Delahunt, who previously looked after the legal and regulatory strategy team at UBS, joins the executive management team as general counsel and company secretary.
Sapient helps analyse data management maturity
Sapient Global Markets is offering a new sentiment-based Data Management Maturity Assessment (DMMA) to evaluate how data programmes are working across an organisation.
The DMMA is aimed at helping firms benchmark and map the maturity of data management; gain insights to help drive data management strategies forward; better shape budgets; and predict the effects of initiatives.
Sapient is offering different levels of engagement, from providing the self-assessment to full facilitation and assistance with results interpretation.
“One of the biggest roadblocks to successful data management programmes in today’s environment is engagement from senior stakeholders across the organisation and the alignment of deliverables against priorities,” Gavin Kaimowitz, director at Sapient Global Markets, said.
“Historically it has taken companies far too long to understand their current state of data management related programmes. Sapient Global Markets DMMA will help overcome some of these roadblocks by providing an expedited framework from which to base strategic data management decisions.”
ConvergEx offers new sector configuration tool
ConvergEx Group has launched a new sector configuration tool aimed at giving portfolio managers greater control and flexibility when analysing daily performance reports.
The tool allows managers to create customised sectors and subsectors to each stock in their portfolio so they can examine their exposures for performance analytics, risk controls and attribution for profit and loss reporting.
“This new tool is especially useful for managers who have funds that focus on specific groups or sub-groups of stocks,” Douglas Nelson, CEO of ConvergEx’s Prime Services business, said. “Traditional analytic tools come prepopulated with stocks assigned to certain sectors and industries, limiting fund managers’ ability to run important performance comparisons. Our tool gives them all the flexibility for their specific needs.”
Russia’s NSD buys GoldenSource EDM
Russia’s National Settlement Depository (NSD) has purchased a GoldenSource enterprise data management (EDM) system to manage the flow of corporate information and data required for operations.
The implementation of the EDM platform by GoldenSource, an independent provider of EDMs, will allow NSD to conduct automated data collection from a number of sources simultaneously, process data, and provide clients with corporate information about issuers, their securities and corporate actions.
“There is a great demand from our clients and investors for timely, reliable and well-structured corporate information in the Russian market,” Eddie Astanin, executive board chairman at NSD, said.
“As Russia’s central securities depository, NSD has invested much work and significant resources and time into this project. We plan to use GoldenSource’s industrial platform to create services highly sought by our clients and to generate added value in the market.”