This Week: SimCorp, Nasdaq, FactSet/Snowflake, IBM

Pennsylvania Public School Employee’s Retirement System Taps SimCorp

The Pennsylvania Public School Employees’ Retirement System (PSERS) has signed a license agreement with SimCorp to form the foundation of its middle and back-office investment operations.

SimCorp’s cloud-based Dimension Investment Book of Record will allow PSERS to use a single system for these operations and provide analytics. The pension fund, with its $59.1 billion in assets under management, wants to use Dimension to support its portfolios and increasingly complex investment strategies.

Nasdaq Adds New Trade Surveillance Platform to Market Technology Suite

Nasdaq has launched new data discovery capability into its Nasdaq Trade Surveillance platform aiming to provide additional insights into market abuse.

The capability will also help normalize trade and compliance data for regulatory inquiries, reconciliation, and case reviews. It is part of a large suite of market technology platforms from Nasdaq, so it will have access to data beyond surveillance that can be tapped for additional analytics. The company said the data discovery capability is already in operation in multiple firms.

FactSet Adds Datasets to Snowflake

FactSet is set to launch its datasets on cloud-based data platform Snowflake.

FactSet’s datasets, both structured and unstructured, will be available for clients already using other content available in Snowflake. Snowflake is a SaaS-based data warehouse that promises faster access to data. It has around 2,500 customers in different industries.

Options Gets Abry Partners Investment

Cloud-enabled managed services provider Options has received an undisclosed investment from private equity firm Abry Partners.

The investment will be used to further its growth strategy, including pursuing potential acquisitions, geographic expansion, and investments in Options’ technology platform. Options already has offices in the US, the UK, Ireland, Hong Kong, Singapore, Canada, Switzerland, and Australia.

AxeTrading Offering Access to UBS Bond Trader

AxeTrading clients will now be able to access UBS Bond Trader through its AxeTrader EMS.

Through the AxeTrader EMS, users will be able to access the equivalent of $30 billion of daily global liquidity in credit, rates, and emerging market bonds. Axe Trading said access to UBS Bond Trader provides more trading options for its clients and adds to the liquidity the firm has on its platform.

IBM Expands Q Network

IBM’s Q Network, its network of collaborators in the research of quantum computing, signed new organizational partners including, Goldman Sachs and Wells Fargo.

The Q network now has over 200,000 users and claims to runs hundreds of billions of executions on IBM’s quantum systems. These executions have led to over 200 third-party research papers on applications of quantum computing. The company also announced the first two IBM commercial quantum computers outside of the US in Germany and Tokyo, Japan.