SIX says it had asset managers’ needs in mind with the recent launch of global equity indices that offer more data choices and pricing options, integration via Web-based application programming interfaces (APIs), and new content packages. The SIX Global Equity Indices encompasses the SIX World and the SIX Broad & Blue-Chip Indices, officials say. “The… Read More >>
Five Arrows to Acquire Rimes from EQT
Five Arrows, the alternative assets arm of Rothschild & Co., is slated to acquire enterprise data management (EDM) provider Rimes via an agreement that allows private equity firm EQT, together with its shareholders, to sell Rimes to Five Arrows, officials say. In February 2020, EQT invested in Rimes as a way to help Rimes “expand… Read More >>
SIX Expands Fixed Income Wares via FactEntry Acquisition
SIX, an exchanges and financial data company, reports that it has acquired a majority stake in FactEntry, a fixed income data and solutions vendor, as a way for SIX to strengthen its cross-asset data offerings for the front-, middle-, and back-office. The majority stake acquisition closed on March 27, 2024, and financial terms and deal… Read More >>
SIX Launches Crypto Reference Rates & Indices
Market and reference data provider SIX has launched the SIX Reference Rate Crypto and SIX Real-Time Crypto Indices for financial institutions and digital asset trading venue AsiaNext and its crypto derivatives transaction platform, officials say. “The SIX Reference Rate Crypto Indices are accessible for tracking and analysis through AsiaNext’s institutional crypto derivatives platform, as well… Read More >>
Firms Are Rushing to Get Faster Data
Traditional financial institutions such as asset managers will have to embrace the speed of change if they want to speed up data velocity, according to SIX, an exchanges company and market and reference data provider. This was one of the main takeaways from the 2023 annual “Future of Finance” report from SIX. Nearly half, or… Read More >>
Securities Tainted via Sanctions Up by 262% & Other News
Sanctioned Securities Creating New Woes for ETFs Data vendor SIX reports that the “number of securities tainted by sanctions has increased by 262 percent since the Ukraine war began in February 2022,” which creates a new set of operational problems for buy and sell-side firms especially those working in exchange-traded funds (ETFs). The discovery stems… Read More >>
Germany’s LPA Plans U.S. Expansion & Other News
Germany’s LPA Plans U.S. Expansion LPA, the capital markets technology and advisory firm headquartered in Frankfurt am Main, Germany, with offices in a dozen cities around the world, reports a United States expansion plan. The plan calls for a new office in New York City and the appointment of Serge Malka as the firm’s U.S…. Read More >>
Westwood Outsources Trading to Northern Trust
Northern Trust to Manage Equity & Bond Trading Westwood Holdings Group, a Dallas, Texas-based investment management boutique and wealth management firm, will be outsourcing portions of its equity and fixed income trading, and middle-office trade settlement support to custodian and service provider Northern Trust, officials say. The firm is using Northern Trust’s services “to optimize… Read More >>
ICE Unit Settles Charges of Failed Pricing Compliance
A securities pricing subsidiary of the Intercontinental Exchange (ICE) has settled with the SEC over charges that it should have done a better job of vetting certain prices that were based on data from single broker market participants. The wholly-owned subsidiary, ICE Data Pricing and Reference Data (PRD), which is also a registered investment adviser,… Read More >>
Top Cloud Providers Join EDM Council Group: Q&A
(Late last month, a global trade association for data management, the EDM Council, announced that it had launched the Cloud Data Management Capabilities (CDMC) Best Practices Work Group with the mission of developing an open source CDMC Best Practice Framework that would accelerate cloud adoption and facilitate associated controls. The EDM Council, which has 10,000… Read More >>
