In other FinTech news, NEX Regulatory Reporting facilitates LEIs, CLS debuts an FX data report, and Mercer is working with Investment Metrics.
GreenKey’s API Available via OpenFin Architecture
GreenKey Technologies, which makes voice software with integrated speech recognition for financial services firms, is releasing its voice application programming interface (API) through the plugin architecture of OpenFin, the desktop operating system used by 45 of the world’s largest banks, buy-side and trading platforms.
“The move brings the voice software to potentially thousands of new users at hundreds of firms and creates the first industry standard for adding voice to a firm’s applications,” according to GreenKey.
The OpenFin system facilitates the deployment, interaction and cross-functionality among apps to bolster workflows and increase efficiency at firms, GreenKey officials say.
Late last year, GreenKey officials announced that they would be open sourcing its voice software development kit (SDK), “which includes JavaScript widgets such as microphones, dialers, activity lists, contact lists and intercom buttons,” officials say. “This package enables banks and other financial market firms to easily add front-end voice functionality to their own web applications. The addition of the OpenFin plugin architecture provides firms with the tools necessary to create the next generation of interoperable front-office workflows. This includes the ability to integrate call meta data with popular customer relationship management (CRM) systems.”
The OpenFin operating system has the support of 45 of the world’s largest banks and trading platforms “to deploy hundreds of desktop applications to over 400 buy-side and sell-side customers,” OpenFin officials say.
The GreenKey technology has voice-enabled securities trading applications such as trade reporting platforms and is working with securities firms to add voice into chat and data platforms, officials say.
“It’s exciting to voice-enable decades-old processes that were inefficiently driven by keyboard and mouse clicks,” says Nader Shwayhat, CEO of GreenKey whose platform uses artificial intelligence to eliminate dial tones and manual data re-entry. The vendor embeds real-time speech recognition into desktop applications.
NEX Regulatory Reporting Launches ISCI Short Code Identity Service
NEX Regulatory Reporting reports that it has launched ISCI, its legal entity identifier (LEI) support service, during the January 2018 rollout of MiFID II, as Europe’s Markets in Financial Instruments Directive is more informally known.
NEX’s ISCI is meant to “help market participants meet their MiFID II requirements while simultaneously protecting the data of individuals,” the firm says in a statement.
“In preparation for MiFID II, approximately 140,000 individual short codes (traders and algorithms) representing 2,140 individual LEIs (firms) were uploaded to ISCI from member firms, for the purposes of transaction reporting and order record keeping,” according to NEX.
“Providing a secure data repository for personal information that can be used by the entire market will reduce the data management and storage costs for all involved and ensure that the data has been validated to meet all regulatory standards,” Collin Coleman, head of NEX Regulatory Reporting, says in the statement. “We’re also enhancing data protection by investing in highly sophisticated data security.”
CLS Introduces New FX Forecast Data Report
CLS, a group of market infrastructure companies delivering settlement, processing and data solutions, reports that it is releasing a new foreign exchange (FX) forecast data report.
CLS’s FX forecast data will “provide subscribers with a forward looking view of FX markets on an hourly basis, enabling them to quickly detect potential price movements and identify times to trade with greater liquidity, reducing market impact and signaling risk,” the group says in a statement. “In addition, CLS’s FX Forecast data offers significant benefits to risk and compliance teams, enabling market participants to better predict volume and rate changes, which can help inform their models and views around volume surges.”
Report subscribers will receive “hourly executed trade volume data for eight currency pairs … delivered on a daily basis for the week ahead (120 forecast hours).” The eight pairs are AUD-USD, EUR-GBP, EUR-JPY, EUR-USD, USD-CAD, USD-CHF, USD-JPY and GBP-USD.
“The data takes into account the market impact of past and future scheduled economic events based on CLS warehoused historic data,” CLS adds.
Mercer Picks Investment Metrics for its U.S. Wealth Business Reporting
Mercer has picked Investment Metrics, a specialist in investment analytics, performance attribution, customized reporting and market intelligence software for its institutional investment and wealth management sectors of its wealth business in the U.S.
“Our selection of Investment Metrics is based upon a shared commitment to satisfy the needs of our clients and business partners by fostering greater innovation in our industry,” James Guilfoyle, Mercer’s U.S. head of performance reporting operations, says in a statement.
Investment Metrics offers PARis (performance analytics and reporting), InvestWorks (manager search and due diligence), EQuest (manager data portal), peer universe data, outsourced reporting services and InterSec Research for market intelligence, among other services, the provider says.
Mercer is a wholly owned subsidiary of Marsh & McLennan.
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