SLIB, the post-trade fintech, and Clarus Risk, an Apex Group company focused on risk management solutions, have rolled out RiskMonitor within SLIB’s RMS (Risk Management Solution) platform. The platform is designed to provide improved governance and transparency for multi-asset risk exposures to enable greater efficiency within the brokerage market. RiskMonitor’s API solution utilises a multi-asset…
Category: Product
HSBC executes first HK digital bond repo
HSBC has executed a Hong Kong dollar repo transaction with The Bank of East Asia, Limited (BEA), which used Hong Kong government digitally native green bonds as collateral for financing purposes. This is understood to be the first repo in Hong Kong involving digital bonds. Using HSBC Orion as the digital assets platform, HSBC helped…
U.S. Bank launches firmwide PA unit
U.S. Bank has launched a new division dedicated to serving private capital firms and global asset managers. The private capital and global asset management division (PCGAM) brings together all parts of the bank that currently serve more than 200 private capital clients with a range of products and services, including fund custody and administration as…
Alter Domus partners with T-REX
Alter Domus, the Luxembourg-based administrator, has partnered with fintech firm T-REX to enhance data management capabilities and automate regulatory reporting. U.S. credit asset managers will be the first to take advantage of the automation, streamlining ESMA reporting. T-REX’s technology will automate data pipelines from all parties, including issuers, servicers, agents and trustees, standardising formats and…
Socium partners with Hedgebay
Socium Fund Services, a U.S.-based Suntera Global company specialising in private equity and private credit fund administration, is partnering with Hedgebay Securities, LLC, a FINRA-registered broker-dealer. Hedgebay helps match sophisticated buyers and seller of hedge fund interests and other illiquid alternative investment assets. This collaboration aims to deliver tailored secondary market liquidity solutions to GPs…
Cit completes PA tokenisation PoC
Citi has completed a proof of concept on tokenisation of private funds along with Wellington Management and WisdomTree. With ABN AMRO simulating the role of a traditional investor, the PoC tested the tokenisation of a Wellington-issued private equity fund by bringing it on to a DLT network. The underlying fund distribution rules were encoded into…
BNY Mellon upgrades ETF basket construction
BNY Mellon has launched a new ETF basket construction platform. The new platform will provide asset managers with a digital workflow, backed by start-of-day NAV data, to present market-making information to liquidity providers. This solution will support asset managers in valuing, creating, and publishing basket information more efficiently. Users will be able to customise and…
IQ-EQ opens in GIFT City
IQ-EQ, the Luxembourg-based administrator, is now licensed to do business in the Gujarat International Finance Tec-City (GIFT City) in India. GIFT City is sponsored by the Indian government with the vision of creating a world-class finance and IT hub, connecting India to the world. It is home to India’s global bullion exchange and the International…
State Street upgrades ETF portal
State Street has upgraded APIs for its Fund Connect ETF portal and now offers coverage to all clients globally, including Europe and the APAC region. Fund Connect ETF APIs have previously been available in the U.S. and Canada and account for nearly half of North American order volumes. Fund Connect ETF is an online portal…
Citi launches FIX connectivity for ETFs
Citi’s securities services business has launched Financial Information eXchange (FIX) API connectivity on its Advanced Citi ETF System (ACES); the bank’s online, global ETF portal that automates the entire ETF lifecycle. With FIX API connectivity, clients and APs can directly connect to Citi’s ACES platform from their OMS platforms and manage ETF share creation and…