Vanguard Group has become the latest participant to integrate the Charles River IMS across the investment process from pre-trade to post-trade and compliance. According to a story in The Trade news, the firm will use the Charles River IMS to consolidate the management of taxable money market funds. The Charles River Investment Book of Record (IBOR) provides portfolio managers and traders with real-time cash and positions while Charles River’s Data Service delivers benchmark and pricing data. Charles River IMS enables asset managers to utilize SEC Rule 2a-7 money market requirements...

Barclays announced the launch of new non-deliverable forwards (NDF) algorithms on the BARX electronic trading platform. The NDF algorithms are the latest addition to the BARX GatorTM algorithm suite for FX trading. BARX GatorTM is Barclays electronic order execution channel which combines liquidity available on external venues with BARX principal liquidity. The channel now supports 1-month NDFs for multiple algorithms in seven Asian currency pairs; USDCNY, USDIDR, USDINR, USDKRW, USDMYR, USDPHP, USDTWD. BARX is Barclays cross-asset electronic trading platform, which enables clients to...

Northern Trust announced it has developed its environmental, social and governance (ESG) risk exposure analytics capabilities to include new reporting for key environmental data categories. The enhancement allows Northern Trust’s clients – typically asset owners such as pension funds – to interrogate specific environmental risk indicators for their investments. It also delivers a new ‘ESG Insights: Environment’ report, providing investors with access to environmental analytics using a range of factors – including carbon footprint analysis. This release has been designed to align with the...

Bloomberg Intelligence (BI), the research division of Bloomberg that provides independent analysis and data on companies, industries and global markets, introduced a new practice on market structure research to help financial professionals better understand market efficiencies and how markets operate. Led by Larry Tabb, Bloomberg Intelligence’s Head of Market Structure Research, the team analyzes and covers the regulatory trends and service offerings that impact market structure and offers insight into areas for improvement. The body of research complements BI’s proprietary research...

n-Tier, an innovative technology company that helps institutions minimize the risks and costs of regulatory reporting, announced a few weeks ago that Cowen Inc., a diversified financial services firm, has completed a successful Consolidated Audit Trail (CAT) go-live using n-Tier’s Compliance Workbench platform.  With n-Tier’s Compliance Workbench platform Cowen has implemented an efficient process for aggregating and validating CAT reports from all their external vendors and internal trading systems. n-Tier’s platform provides Cowen with comprehensive validation of its reporting...

Virtu Finacnial Inc., a provider of liquidity to the global financial markets, has announced the appointment of Sean P. Galvin as its new chief financial officer. Galvin has joined the company from BGC Partners, where he was the chief accounting officer for two years. He spent 18 years at KCG Holdings as its chief accounting officer and also had a stint as its interim chief financial officer. Virtu also promoted Cindy Lee as its deputy chief financial officer and Colm Mac Curtain as the EMEA head of finance.

IPC, a global provider of secure, compliant communications and networking solutions for the global financial markets, announced the expansion of its strategic partnership with Vela, an independent provider of trading and market access technology for global multi-asset electronic trading. The partnership will provide IPC customers with access to Vela’s SuperFeed via the Connexus Cloud, IPC’s financial ecosystem that interconnects more than 6,600 capital market participants across the globe. It will also enable IPC customers, utilizing Connexus Labs, to access an on-demand...

Northern Trust and BondEvalue announced the completion of the first trade of a fractionalized blockchain-based bond, according to a story in MarketsMedia news.  The trade of a blockchain-based bond, known as BondbloX, was executed on BondEvalue’s platform with Northern Trust as the exclusive asset servicing provider. This comes after the two parties established a strategic partnership in November 2019 to deliver integrated asset servicing and digital solutions for fractional ownership of fixed income bonds operating from the Monetary Authority of Singapore’s Sandbox...

Fidelity is launching a fully digital fixed-income trading system for financial advisors who use the brokerage as a custodian. The system, called Bond Beacon, could help Fidelity, which has about 3,900 custody and clearing clients, appeal to even more advisory firms. Fidelity says Bond Beacon, which is integrated with its Wealthscape technology platform, will give advisors “institutional grade” liquidity and improve price efficiency. It will also help them to construct, manage, and analyze fixed-income portfolios.