FTF News also reports upon FinTech news from Backstop Solutions Group, Schroders, JPMorgan and Mosaic Data Science
FlexTrade & Kensho Technologies Collaborate
Execution systems vendor FlexTrade is integrating pre-trade analytics support via Kensho Technologies into the FlexTRADER EMS (execution management system) to offer “a detailed, real-time event feed to assist a trader’s decision-making process when executing a trade,” officials say.
“This integration with Kensho brings a unique level of ‘market context’ to the FlexTRADER blotter,” says Andy Mahoney, head of sales at FlexTrade U.K., in a statement. “By including Kensho data in pre-trade and real-time analysis, we ensure that traders will receive a more meaningful picture of performance,” Mahoney says.
The Kensho support captures “company-specific key developments, such as product launches, mergers and acquisitions or corporate announcements,” officials say. “These events come from reputable news outlets and other sources, and cover an assortment of categories, including regulatory events, partnerships, investments and corporate actions.”
In addition, the Kensho Smart Connection feature uses artificial intelligence to connect “key developments between tickers, surfacing second-order relationships, and cases when a key development in another company’s news feed will likely impact the company the trader is analyzing,” officials say.
End-users can select Kensho within the FlexTRADER blotter from a list of pre-trade options to “open a timeline of recent and relevant events from which they can then select to learn more,” officials say. “Kensho creates an evolving timeline of precedents, which means traders can analyze the impact of similar historical events to gain an understanding of how the market may react.”
Backstop Solutions Group Adds to its Backstop Suite
Backstop Solutions Group, a cloud-based provider of automated middle-and-back processes, reports the rollout of five new product enhancements to its backstop suite. They are:
- A REST [representational state transfer] API (application programming interface) Library: Users can integrate Backstop with other applications and data warehouses via Backstop’s library of APIs.
- SSO (Single Sign-On): Users are authenticated through an external system, increasing the system administrator’s ability to control access (a user can be added or removed to the entire system at once, instead of application by application), and have one password to remember, streamlining daily workflow.
- Portal Notice Acknowledgment: Users can create pop-up messaging to display content of any type to clients, thus increasing visibility and direct traffic to targeted content, providing instant feedback from end users.
- Share Class & Series Enhancements: Users have the ability to exercise increased data control when managing obsolete share classes and series: filter by products, navigate to pre-filtered lists from other related pages, and show or hide closed share classes, enhancing capital workflow.
- PME Benchmarking: This tool provides allocators with the most defensible … and mathematically rigorous public market equivalent capabilities available today.
Backstop Solutions Group specifies that it provides its cloud-based productivity suite to investment consultants, pensions, funds of funds, family offices, endowments, foundations, private equity firms, hedge funds, and real estate investment firms.
Schroders Launches In-Residence Program for Tech Start-Ups
British asset manager Schroders reports the launch of an in-residence program for tech start-ups that has been “designed to help financial services-focused start-ups collaborate with Schroders to support their development.”
The start-ups being specifically targeted by the Schroders program are “tech companies which have progressed beyond the conceptual or early-growth stage that offer solutions relevant to investment management.,” per Schroders, which adds that the start-ups will have “direct access to appropriate business divisions within Schroders, resources and potential investment.”
Schroders, which traces its history back for more than two centuries, operates as an asset manager “from 29 countries across Europe, the Americas, Asia and the Middle East,” the firm says.
Applications are now open for the program. For more information, click here.
JPMorgan Invests in Mosaic Smart Data
JPMorgan has added Mosaic Smart Data Ltd., a fixed income data and analytics start-up, to its strategic investments portfolio, taking a minority stake in the company, Mosaic reports.
JPMorgan is also a client of Mosaic, “having put its platform into production within its rates business,” according to the Mosaic statement, which notes that the firm will use the JPMorgan investment to “continue expanding the range of asset classes its platform supports.”
“We are investing in our sales force, and technology is part of that investment,” Warren Rabin, JPMorgan’s head of macro sales in America, says in the statement.
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