Bloomberg and Goldman Sachs Asset Management announced the launch of the Bloomberg Goldman Sachs Global Clean Energy Index. Designed with the energy expertise at both firms, the index is a modified free float-adjusted market capitalization weighted index tracking the performance of over 175 global equities with significant business exposure to the clean energy sector. According to a story in MarketsMedia news, the index was developed jointly by Bloomberg and Goldman Sachs Asset Management using a proprietary approach informed by insights from BloombergNEF (BNEF) analysts who identify...

Cboe Global Markets, Inc. announced the company is using Amazon Web Services, Inc. (AWS) to power Cboe Global Cloud – a new real-time, cloud-based market data streaming service that aims to optimize the efficiency and delivery of Cboe's data services for market participants globally, beginning November 1, 2021. Cboe Global Cloud is designed to mitigate industry pain points common with traditional methods of market data access, which typically require physical connectivity to multiple separate and distinct platforms. The new service aims to reduce those inefficiencies by enabling...

Two Sigma Securities announced they are joining the Pyth network, a decentralized financial market data distribution platform. Two Sigma Securities will provide its proprietary US equities pricing data to the Pyth network and explore contributing data for other asset classes as the network scales. Two Sigma Securities is a systematic liquidity provider and trading business. Founded in 2009, its goal is to bring together expertise in quantitative research, engineering, and trading to make global financial markets more efficient.  The firm trades globally across asset...

Raymond James says it has reached an agreement to acquire TriState Capital Holdings. TriState offers private banking, commercial banking and investment management products and services, including securities-based lending, according to a story in Financial Advisor News. Under the terms of the cash-and-stock deal, which is valued at around $1.1 billion, TriState will continue operating under its own branch as a standalone division and independently chartered bank subsidiary of Raymond James. The companies expect the deal to close in 2022.

Bloomberg announced that Sustainalytics' ESG Research and Ratings are now available via the Bloomberg Terminal. Sustainalytics' ESG Risk Ratings enable investors to utilize material ESG insights for security selection, portfolio management activities, ESG integration, and engagement and voting activities. To measure company-level ESG risk, Sustainalytics' ESG Risk Ratings combine the concepts of management and exposure to arrive at an overall quantitative rating, which is expressed across a risk spectrum of severe, high, medium, low or negligible. By providing an absolute measure to assess...

Deutsche Bank has gone live with trading on its newly launched electronic foreign exchange pricing and trading hub based in Singapore. The bank announced the launch of the hub in June last year with the aim of allowing its clients to execute foreign exchange transactions faster by aligning them more closely with the geographic location as opposed to waiting for prices to be matched in London, New York, or Tokyo where there is still a significant time lag.

Cboe Global Markets, Inc. announced it has entered into a definitive agreement to acquire Eris Digital Holdings, LLC). ErisX operates a U.S. based digital asset spot market, a regulated futures exchange and a regulated clearing house. Ownership of ErisX presents a unique opportunity for Cboe to enter the digital asset spot and derivatives marketplaces through a digital-first platform developed with industry partners to focus on robust regulatory compliance, data and transparency. Founded in 2018, ErisX was designed and built with regulatory compliance and operational integrity at...

Opensee, the Paris-based fintech offering financial institutions a real-time self-service analytics platform, has gone live with its big data solution at Societe Generale, one of Europe’s leading financial services groups. According to a story in MarketsMedia news, Societe Generale started using the Opensee platform for its day-to-day regulatory reporting and business needs in two critical reas: management of the interest rate risk of the Banking Book (IRRBB) by the Liquidity & Asset Liability Management Department and management of market risk-related capital...

Chinese regulators approved Goldman Sachs Group Inc.’s application to take full ownership of a key local unit, another step in China’s gradual opening of its financial system to major players from the U.S. and elsewhere. Goldman in December 2020 sought approval to increase its stake in a domestic Chinese business that it has co-owned since 2004. According to a story in The Wall Street Journal, the New York-based bank said that China’s financial markets regulator, the China Securities Regulatory Commission, had given its assent. The unit, Goldman Sachs Gao Hua Securities...