On April 15, 2021, Societe Generale issued the first structured product as a Security Token directly registered on the Tezos public blockchain. The securities were fully subscribed by Societe Generale Assurances. This operation follows in the footsteps of a first covered bond Security Token issuance worth EUR 100m on the Ethereum blockchain, settled in euros in April 2019, and of a second covered bond Security Token issuance worth EUR 40m this time settled in Central Bank Digital Currency issued by Banque de France, in May 2020. This transaction completes a new step...

Trading systems provider FlexTrade has integrated market data solutions from QuantHouse with its order and execution management system (OEMS), FlexONE. Illinois-based hedge fund Magnetar Capital was the first buy-side client to adopt the QuantFEED market data in FlexONE in January, providing the firm with a single-source front-end data service. QuantFEED normalizes and disseminates information for users via a single application programming interface (API) from over 145 sources. It includes referential data, end of day, historical data-on-demand and European or...

Trading systems provider FlexTrade has integrated market data solutions from QuantHouse with its order and execution management system (OEMS), FlexONE. Illinois-based hedge fund Magnetar Capital was the first buy-side client to adopt the QuantFEED market data in FlexONE in January, providing the firm with a single-source front-end data service. QuantFEED normalizes and disseminates information for users via a single application programming interface (API) from over 145 sources. It includes referential data, end of day, historical data-on-demand and European or...

AllianceBernstein has reportedly become the first buy-side firm to receive aggregated liquidity from multiple buyers on the same block trade. The trade was enabled by LTX, a Broadridge Company using LTX’s patented RFX protocol. AllianceBernstein tapped into its dealer’s customer network to sell a large block of bonds and access aggregated liquidity from four buyers at once and in real time. The buyers were a mix of buy- and sell-side firms. Participants entered orders via the LTX user interface or via FIX connectivity. Instead of putting dealers in competition, LTX enables dealers to...

State Street announced a strategic engagement with S&P Global Trucost that brings together State Street’s newly announced ESG Risk Analytics and Reporting capabilities and Trucost’s climate data and analytics according to a story in MarketsMedia news. The agreement will allow State Street to overlay Trucost’s data intelligence on the risks and opportunities of climate change to build on State Street’s existing client-focused ESG services, offering available intelligence solutions to its clients holding assets totaling more than US$40 trillion. As a result of this engagement, State...

Join Jordan & Jordan in partnership with FIF and RIXML for a SPAC webinar to discuss the growth of SPACs, structure/process, and much more. The webinar will take place on 4/28 at 1pm est. The panel for the webinar will include Kristi Marvin of SPACInsider, Douglas Ellenoff of Ellenoff Grossman & Schole LLP, Amanda Hindlian of NYSE and Tom Jordan of Jordan & Jordan. For more information on how to register visit here.

Northern Trust announced that it will set up a new electronic foreign exchange (eFX) pricing engine in Singapore, in partnership with the Monetary Authority of Singapore (MAS). This will be Northern Trust’s first eFX engine in Asia-Pacific. In recent years, Northern Trust has launched a number of new FX solutions, and acquired BEx LLC, a platform providing algorithmic FX trading, global liquidity aggregation and transparency in execution and pricing to institutional clients worldwide. In addition, it announced a strategic partnership with Lumint Corporation, an innovative provider of...

J.P. Morgan and Acin announced that the global financial firm is expanding its use of the Acin platform to cover its Global Markets business. Acin, the SaaS company that has created a digitized platform and peer-to-peer network for operational risk management, enables J.P. Morgan to access benchmarking data for risks and controls. This will complement the existing operational risk management practices established within J.P. Morgan. J.P. Morgan has been working with Acin for the past two years, using the platform within a subset of the trading businesses. By expanding the scope of use,...

BNP Paribas has gone live as a market maker on the London Stock Exchange Group’s listed futures exchange, CurveGlobal Markets according to a story in The Trade news. The launch gives traders at BNP Paribas access to short term interest rate futures cleared at the LSEG’s central counterparty, LCH. The investment bank’s access to CurveGlobal Markets was provided by ION and is now available to all ION futures customers.