This Week: VMWare, Samsung and Salesforce; Wolters Kluwer; Verint, Cloud9; TP Icap; and more

A summary of some of the past week's financial technology news.

VMware, Samsung and Salesforce in Digital Asset’s Series C Financing Round

Digital Asset has announced that VMware joined the company’s Series C financing round, which kicked off last December. VMware accompanies Salesforce Ventures and Samsung Venture as investors in the the creators of the open source smart contract language, Digital Asset Modelling Language (DAML),

VMWare’s Brendon Howe, vice president and general manager for VMWare Blockchain, joins Digital Asset’s board of directors and will be responsible for leading the blockchain business unit. 

Toyota Finance Australia selects Wolters Kluwer’s OneSumX for Regulatory Reporting

Toyota Finance Australia has chosen Wolters Kluwer’s OneSumX to help meet the Australian Prudential Regulation Authority’s regulatory requirements.

OneSumX combines bank data into a single source of data for consistency, reconciliation and accuracy, and includes Wolters Kluwer’s Regulatory Update Service. This service is maintained by Wolters Kluwer’s experts who monitor regulation in 30 countries.

Verint and Cloud9 Team Up For Comms Solution

Verint Systems and Cloud9 Technologies have joined forces to provide a cloud-enabled communications solution to support traders both on the trading floor and working remotely, as the pandemic impacts jurisdictions differently across the globe. 

This offering leverages Cloud9’s C9 Trader voice communication and analytics platform, as well as Verint Financial Compliance.

The integrated solutions are expected to provide communication capture, records retention, data governance and analysis, to ensure traders remain compliant both remotely and on the trading floor. 

TP Icap’s Data and Analytics extends partnership with QUICK Corp.

Interdealer broker TP Icap Group has announced that its Data and Analytics division has extended its agreement with Japanese information vendor, QUICK Corporation. 

This extension allows QUICK to continue to provide its customers with over-the-counter market data from Tullett Prebon, a subsidiary of TP Icap. Datasets will expand to cover money markets, derivatives, fixed income and foreign exchange, and will be accessible through the QUICK terminal service. This agreement includes innovation around risk-free rates and supports the consumption of Tullett Prebon data by QUICK’s customer base, in middle-and-back-office applications, such as risk management, compliance and analytics.

SIX Launches Delegated SFTR Reporting for Swiss Repo Market

SIX has announced that its reporting service for the Securities Financing Transaction Regulation (SFTR) is now live, as the regulation came into force on July 13. To date, over 170 clients have been onboarded to the the service. .

SIX automates the provision of Unique Transaction Identifiers, creating a scale offering of SFTR-compliant and fully delegated reporting. For the delegated reporting, SIX has partnered with UnaVista, the London Stock Exchange Group’s trade repository.

SIX has also partnered with Comyno, a Frankfurt-based consultancy, to launch the solution.

McKay Brothers Launches Illinois-Busan and Tokyo-Busan Bandwidth

McKay Brothers International (MBI) has launched a private bandwidth service serving Illinois and Toyko. The company launched hybrid microwave/fiber private bandwidth services between Illinois and Busan, and between Tokyo and Busan. 

McKay rolled out its first hybrid wireless/fiber network in Asia, between Tokyo and Singapore, in 2016. The company has since expanded to offer connectivity to Hong Kong and Shanghai. MBI’s lowest latency services in Asia are offered to every subscriber via its Josada Telecommunications subsidiary.

Xignite Introduces Program Offering Financial Data APIs to Start-Ups

Xignite, a provider of market data distribution and management solutions, has announced a program to assist early-stage and start-up fintech companies during the Covid-19 pandemic.

Program is designed to enable companies to develop their ideas and products without a significant capital commitment. Participants will be able to take advantage of development access for 60 days using Xignite’s financial data application programming interfaces and get discounts on fees for the first year. Also, included in the program is access to real-time, 15-minute delayed and end-of-day stock prices, company data, currency exchange rates, indices, corporate actions and master data.

Applications to the program can be made here.

Liquidnet’s Targeted Interventions Now Available Through FlexTrade

FlexTrade Systems has announced direct availability of Liquidnet’s Targeted Invitations in its multi-asset trading blotter for equities.

The integration aims to provide traders with targeted natural liquidity from other Liquidnet buy-side members and selected brokers, directly into the parent order blotter. The technology is designed to be user friendly, allowing quick access to liquidity through one-or -zero clicks.

The collaboration is part of a broader partnership between the two firms, whereby FlexTrade can delivers indicators and predictive signals from Liquidnet Investment Analytics to serve mutual customers.

AxeTrading International Funding Round Includes International Finance Corp

Fixed income trading software company AxeTrading has closed a Series A funding investment round with a group of global investors led by International Finance Corporation, part of the World Bank Group, alongside Sumscope and SixThirty.

This funding will be used to help AxeTrading broaden its global footprint. AxeTrading aims to help banks, buy-side firms, agency brokers and trading venues to maximize their fixed income trading strategies with aggregated liquidity, multiple pricing feeds, client servicing and execution capability across voice and electronic trading.

AxeTrading will be working with International Finance Corporation as a strategic partner to deliver its services.


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