News Centre

Nodal And IncubEx To Expand Environmental Markets With Seven New Renewable Contracts

Date 29/10/2020

Nodal Exchange and IncubEx today announced the upcoming launch of seven new Renewable Energy Certificate (REC) futures and options on November 17, 2020.

Transcend Raises $10 Million To Meet Surge In Demand For Optimization Of Collateralized Businesses

Date 29/10/2020

Transcend, a leader in business optimization for financial firms, has closed its Series A financing, limiting the raise to $10 million after over-subscription by potential investors. The financing round was led by Nyca Partners, a leading fintech venture capital firm, with support from a major global custodian bank. Proceeds will be used to rapidly scale product and sales infrastructure to meet growing demand from Transcend’s client base, which has more than doubled in the past two years to include 10 of the world’s largest banks and brokerage firms. 

Strategies To Enhance European Wealth Management In Uncertain Times - FIs In Europe Will Focus On Eliminating Operational Inefficiencies Across The Value Chain Going Into 2021, According To The Latest Aite Group Report

Date 29/10/2020

The sharply advancing technology landscape has always been an opportunity and a challenge for private banks and wealth managers in Europe. But the COVID-19 pandemic has snowballed the industry’s adoption and usage of wealth management technology out of dire need. It is now obvious to even the most die-hard naysayers that digital is no longer an ancillary side strategy or business line within wealth management. It is firmwide, strategic, and an inseparable enabler of doing business. A new Aite Group report, Strategies to Enhance European Wealth Management in Uncertain Times, examines how financial institutions in Europe need to take a long-term view and shape their digital and operating agendas, and incorporate a business model that is fit for the uncertain future and profitable as well.

Synechron Launches The Next Wave Of Digital Innovation For The Investment Management Industry With Its New InvestTech Accelerator Program

Date 29/10/2020

Synechron, Inc., a leading Digital Transformation Consulting firm for the financial services industry, has today announced the launch of its InvestTech Accelerator program built for the investment management and asset management sector of the financial services industry. This is the eighth Accelerator program that Synechron has launched in the last five years and offers five real-world solutions that meet the growing demands and address the pain points of the institutional investment management industry. Current challenges include shrinking margins, the need to create operational efficiencies, addressing risk management issues and meeting the growing demand for personalized investment services. These new Accelerator solutions respond to the need for evolving technologies and digitized ways of working with and for clients, as well as automating processes for buy-side firms that include tracking regulatory compliance requirements.

EDI/Woobler Publish Report On US Presidential Elections – The Few Decide For The Many

Date 29/10/2020

Exchange Data International (EDI) in partnership with Woobler, has published a study on the critical role played by voters in the eight key swing states.

Intercontinental Exchange Reports Strong Third Quarter 2020

Date 29/10/2020

• YTD revenues of $4.4 billion, +12% y/y; Third quarter revenues of $1.4 billion, +6% y/y
• YTD GAAP EPS of $2.83, +8% y/y; Third quarter GAAP EPS of $0.71, -24% y/y
• YTD Adj. diluted EPS of $3.37, +15% y/y; Third quarter adjusted EPS of $1.03, -3% y/y
• Third quarter Data Services revenues +6% y/y
• Completed the strategic acquisition of Ellie Mae on September 4, 2020

ECB Monetary Policy Decisions

Date 29/10/2020

In the current environment of risks clearly tilted to the downside, the Governing Council will carefully assess the incoming information, including the dynamics of the pandemic, prospects for a rollout of vaccines and developments in the exchange rate. The new round of Eurosystem staff macroeconomic projections in December will allow a thorough reassessment of the economic outlook and the balance of risks. On the basis of this updated assessment, the Governing Council will recalibrate its instruments, as appropriate, to respond to the unfolding situation and to ensure that financing conditions remain favourable to support the economic recovery and counteract the negative impact of the pandemic on the projected inflation path. This will foster the convergence of inflation towards its aim in a sustained manner, in line with its commitment to symmetry.

Cyprus Stock Exchange Monthly Bulletin September 2020

Date 29/10/2020

The total value of transactions during the month in review reached €3,81 million, with an average of €0,17 million per trading session. The Financials sector contributed 87,82% to the total value traded which was the highest among all other sectors. Investors primarily focused their interest on the shares of “Hellenic Bank Public Company Ltd” and also on shares of “Bank of Cyprus Holdings Plc” with 70,38% and 15,71% of the total value respectively.

State Street Global Markets: Investor Confidence Decreased In October By 3.8 Points To 80.1

Date 29/10/2020

State Street Global Markets today released the results of the State Street Investor Confidence Index® (ICI) for October  2020.

New Priorities Emerge As Firms Grapple With Post-Trade Operations Challenges According To New Firebrand Research Report

Date 29/10/2020

Increased automation of the middle-office, and the use of secure cloud-based platforms should be key priorities for firms amid an increasingly challenging post-trade operations environment exacerbated by this year’s unprecedented market volatility, according to a report published by Firebrand Research, a provider of research and advisory services, and Torstone Technology, a leading provider of post-trade securities and derivatives processing.