This Week: Six/Sustainalytics, Nice Actimize, SmartStream, and more

Six provides EU taxonomy from Sustainalytics 

Swiss financial data provider Six has announced that Sustainalytics’ environmental, social and governance data is now available for its broad customer base to comply with new EU sustainability regulations. Sustainalytics is a Morningstar company and a provider of ESG research, ratings, and data. 

Based on its data, Six will provide new ESG datasets for EU Taxonomy and the Sustainable Finance Disclosure Regulation, to support clients with their disclosure obligations. 

Six also offers Sustainalytics’ ESG Risk Ratings, which aims to help firms make more informed investment decisions and provide advice for clients. These risk ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks.

Nice Actimize introduces risk score solution

Anti-financial crime software provider Nice Actimize has launched its X-Sight Entity Risk Software-as-a-Service solution. The new offering intends to produce a single risk score to help a financial institution gain a greater understanding of their clients across the organization. 

The solution provides intelligence from data sources for an entity profile that can analyze networks and behaviors to provide a single entity trust score that could inform detection and prevention systems of risks and threats. 

SmartStream launches Mifid II reporting solution 

Transaction lifecycle management solutions provider SmartStream Technologies has launched a new regulatory solution, Trading Venue Quantitative Reporting Outlier Reconciliation, which aims to help firms meet Markets in Financial Instruments Directive II obligations. These obligations could include supporting trading venues to fulfil Mifid II regulatory technical standards 2 transparency requirements. 

Post-Brexit, the European Securities and Markets Authority (Esma) has increased the data continuity checks that trading venues must perform when reporting instrument reference and quantitative data. Any irregularities must be accounted for and mistakes re-reported so that Esma can meet its timelines in publishing instrument liquidity.

SmartStream’s new regulatory solution intends to assist trading venues with submitting a single daily file of instrument quantitative data to SmartStream Air. It then works to reconcile this data with the instrument reference data for the trading venue, consumed directly from Esma. 

Regis-TR receives full UK Emir license 

Regis-TR UK, a subsidiary of European trade repository Regis-TR, has received its full UK European Market Infrastructure Regulation license from the Financial Conduct Authority. 

The trade repository was incorporated in March 2019 and has provided UK regulatory reporting services since Brexit. 

Finastra and CloudMargin assist with UMR regulation 

Financial software provider Finastra has announced that its collateral-management-as-a-service application, which is powered by software firm CloudMargin, will now incorporate new capabilities to assist financial institutions with meeting the requirements for Uncleared Margin Rules. 

Phase 6 of UMR is due to take effect in September 2022 and could affect 1,000 additional entities for the first time. The partnership between Finastra and CloudMargin intends to simplify the process of submitting the data needed to comply with UMR for firms having to do so for the first time.

IPC launches cloud-integrated connectivity solution

Connectivity solutions provider IPC has announced the launch of a new offering, Connexus Alpha. This solution intends to enable hedge funds, funds of funds, proprietary trading firms, market makers, broker-dealers, and other market participants to connect to liquidity venues through low latency, optimized, and point-to-point optical fiber connections. 

Connexus Alpha is integrated with IPC’s Connexus Cloud, a multi-cloud platform for the financial markets. The goal of IPC’s new offering is to give market participants a speed advantage in executing trading strategies while reducing the overall cost of trades.

Gleif announces first Indian-based validation agent

The Global Legal Entity Identifier Foundation (Gleif) has announced that Rubix Data Sciences, a risk management and monitoring platform provider, has become the first Indian-based validation agent within the LEI system. Rubix will work as a validation agent of Legal Entity Identifier India Ltd. (LEIL), which is a Gleif-accredited LEI issuer.

Gleif launched the validation agent framework in September 2020 to help enable financial institutions, certification authorities, and fintech organizations to utilize their existing onboarding procedures to help their clients obtain an LEI.