ESG
This Week: SGX/Trumid/Hillhouse, Northern Trust/IHS Markit, LME, Six, and more
A summary of some of the past week’s financial technology news.
Waters Wrap: The New World of ESG (And GameStop & Interop)
While the Biden administration is already targeting environmental issues with early executive orders, Anthony says that it’s financial giants that will have the greatest effect on ESG investing in the near-term.
BlackRock looks to predictive ESG data, rather than point-in-time
Mary-Catherine Lader says that the asset manager is building out new modeling tools to help users better understand how the decisions a company makes today can affect their performance in the future.
State Street focuses on 6 data vendors for ESG analysis
State Street’s Chris Berry explains how the asset servicer winnowed 60 ESG data providers down to six, and why this strategy has proved to be effective.
US pension fund teams up with academics to cut through ESG fog
Pension Reserves Investment Management and MIT’s business school are looking to improve ESG data and to reflect all investors’ views.
FactSet, Snowflake Take Aim at Financial Data Mapping Challenges
FactSet’s mapping service, Concordance, can be used on its own or with Snowflake’s cloud, enabling users to apply the offering to other datasets in Snowflake’s ecosystem.
Cohesion on ESG Standards Still Elusive, Despite Biden Win
While many expect the president-elect to take a bullish stance on environmental issues, it's unclear what a new dispensation can do for the dilemmas around ESG standards.
Arabesque AI to Launch New Prediction Engine Using Machine Learning
The firm is working with different machine-learning methods for portfolio construction, and expects its AI system to go live early next year.
ICE ‘Bonds’ Acquisitions into Fixed-Income Powerhouse
In this profile of the Intercontinental Exchange, Lynn Martin explains how the company’s ICE Data Services unit is creating a unified offering with fixed income data at its core, after a series of acquisitions that began with its purchase of IDC in 2015.
Startup Hedge Fund Turns to Quantamental Analysis for ESG Products
Boston-based Changebridge Capital is using a hybrid approach to find investment opportunities in misunderstood small- and mid-cap companies.
‘Massive Land Grab’: S&P’s IHS Markit Buy Creates Data Juggernaut, But Users Fear Price Hikes
The deal reflects the broader trend of market participants pursuing scale to create true front-to-back trading and data environments, which may signal a trading platform acquisition in the future—though the IHS Markit acquisition may face regulatory…
Nasdaq Looks to Contextualize ESG Ratings
The exchange's ESG Footprint converts ESG data into everyday metrics to show investors the impact of their portfolios.
People Moves: Liquidnet, Quandl, State Street, CloudMargin, Greenwich Associates, Mediant, GLMX
A look at some of the key people moves from this week, including Steven Nichols (pictured) who has been appointed head of NLP and unstructured data at Liquidnet.
This Week: BBVA/AWS, Bloomberg/Lombard Odier, TP Icap, Credit Suisse/Torstone, Endicott
A summary of some of the past week's financial technology news.
Asset Managers Fear ESG Data Disclosure Gap
Investment firms need data to meet upcoming regulatory requirements. But corporates aren't making this data available in high enough quantity or quality.
Goldman Sachs Takes Aim at Interoperability, Analytics with Marquee Enhancements
The bank’s recent moves signal what could become a managed services offering, as Goldman further embraces cloud, open source, and APIs.
Solidatus Builds New ESG Model
The software company aims to help banks' and financial institutions achieve higher ESG ratings.
Fulcrum AM Looks to Quantify ESG Risk by Honing Hard Numbers
ESG risks will become part of investment and risk management processes across all funds at the firm.
Wavelength Podcast Ep. 215: Bill Murphy on Innovation & Technical Debt
Bill Murphy, formerly Blackstone's CTO and now managing partner at Cresting Wave, talks technical debt, machine learning, blockchain, management strategy & more.
Qontigo to Launch SRI Indices
The new offering, which will launch 'in the coming months', will impose stricter screenings on the ESG investible universe.
Asset Manager Nuveen Builds New Data Platform to Integrate ESG Information
The TIAA company has developed its own metrics and partnered with provider Zaloni for a comprehensive approach to sustainable investing.
Fund Managers Seek to Plug Holes in ESG Data
Quant funds are striving to adjust their ESG models to take into account changes in corporate behavior during the pandemic.
Waters Wrap: Causal Machine Learning Represents Next Evolution of AI (Plus ESG & Innovation Issues)
Anthony looks at an interesting project using causal inference by IBM and Refinitiv, and what this latest evolution of machine learning could mean for innovation in the capital markets in the future.
Data Standards Can't Keep Up with Data Use Cases
In the era of big data, standards take too long to adopt, say industry participants.