In other news, MarketAxess works with Broadway, FNZ Expands into Germany, and the DTCC collaborates with NYU.
Murex Integrates Offerings from ICE Data Services
Murex, a trading, risk management, and processing solutions vendor, reports that it has created a more efficient way for its MX.3 platform to access fixed income and derivatives data offerings from ICE Data Services, part of the Intercontinental Exchange (ICE).
The MX.3 platform supports trading, treasury, risk and post-trade operations.
“By incorporating ICE’s data into MX.3, existing and potential clients have access to a diverse range of daily and historical data — including cross-asset prices, volatilities and other analytics — which clients will be able to use to inform their trading, risk management and P&L management,” according to the official announcement.
For instance, analytics “such as value at risk (VAR), can be calculated by MX.3 using on-premises servers or via a cloud provider using ICE’s historical data sets. Murex has also integrated ICE’s data into its demo environment to be used to help demonstrate MX.3 capabilities, as well as new business process-as-a-service solutions to its client community based on ICE’s up-to-date data,” according to Murex.
“Through the interface with Murex, buy-side and sell-side participants can use ICE’s data to help evaluate their positions. The data can also be used to run VAR, market risk, end-of-day valuations and other calculations,” Murex officials say.
ICE operate exchanges, including the New York Stock Exchange (NYSE), and clearing houses, officials say. ICE also offers data, technology and market infrastructure support, and end-of-day and continuous evaluated pricing for fixed income, exchange traded and OTC derivatives.
MarketAxess & Broadway Technology Launch UST RFQ Feature
Broadway Technology, a front-office solutions provider, has extended its partnership with MarketAxess, which operates an electronic trading platform for fixed-income securities, and they have developed a U.S. Treasury Request for Quote (RFQ) workflow feature for the MarketAxess U.S. Treasuries marketplace, officials say.
“The feature is currently live and available to all joint customers,” officials add.
The new integration extends the existing relationship between Broadway MarketAxess Live Markets Rates but “now includes RFQ, giving mutual dealer clients the ability to respond to [US Treasuries] inquiries from MarketAxess’ customer base,” officials say.
“The MarketAxess trading ecosystem connects a trusted community of primary and regional dealers, professional trading firms and buy-side clients to trade on- and off-the-run U.S. Treasuries. It combines credit and rates trading capabilities into a single solution to give investor and dealer clients greater flexibility in trading across the fixed income universe,” according to the announcement.
“With this new integration with MarketAxess, Broadway clients can now benefit from a connection to one of the deepest liquidity pools and network of over 1,900 firms around the globe,” says Bruce Boytim, chief operating officer for Broadway, in a prepared statement. MarketAxess also offers market data and post-trade services for fixed-income markets.
FNZ Acquires Wealth Management Specialist
The Edinburgh, Scotland-based FNZ hopes to bolster its wealth management efforts in the German sector via the acquisition of DIAMOS AG, a specialist wealth management technology provider, officials say.
DIAMOS is headquartered in the Sulzbach municipality of Germany and has “more than 100 employees and a strong development team,” officials say. The company has developed solutions for the wealth management industry for more than 30 years.
DIAMOS serves markets in Germany, Austria, Switzerland, Liechtenstein, and Luxembourg, and “will provide FNZ with advanced technology expertise in fund administration and alternative investments, along with outstanding domain expertise and deep knowledge across the entire wealth management value chain,” according to the announcement.
The acquisition of DIAMOS “represents a further investment by FNZ into Europe. FNZ will employ more than 1,000 people across the DACH region and over 5,000 globally upon completion,” according to the announcement.
“We are excited to be making another significant investment in the German wealth management sector and are delighted to partner with the DIAMOS team, given their successful record and deep knowledge of the market,” says Adrian Durham, Group CEO of FNZ, in a statement.
DTCC & NYU Center for Cybersecurity to Collaborate
Post-trade market infrastructure provider DTCC is working with the NYU Tandon School of Engineering to advance the capabilities of the NYU Center for Cybersecurity (CCS), officials say.
“The school’s five-year vision of the partnership with DTCC includes proposals to expand the Center for Cybersecurity to include a major area of expertise in resiliency to enhance the center’s reputation as a hub of thought leadership,” according to the official announcement.
The partnership is intended to attract researchers and to foster “a new generation of cybersecurity and resiliency experts, with a special focus on designs, solutions, and technologies for making systems more resilient to ever-evolving threats,” officials add. The collaboration is intended to “leverage DTCC’s nearly five decades of technology, resiliency and cybersecurity expertise”
The partnership will be built on research, education and workforce development, and dissemination and outreach, officials say.
The effort “aims to expand the pool of Ph.D. students researching cybersecurity and resiliency at NYU Tandon and will provide opportunities for undergraduate and graduate students in this area. It will also design and develop resiliency curricula at the undergraduate and graduate levels,” according to the announcement.
“The partnership … will give our students and researchers access to invaluable expertise in cybersecurity and resiliency … It will also train them on the tools and technologies that will allow them to stay a step ahead of threats as they become more sophisticated,” says Jelena Kovačević, dean of NYU Tandon, in a prepared statement.
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