Iress Completes QuantHouse Integration via Team Launch – FTF News

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In other news, Cboe wants to buy NEO Exchange, NICE Actimize takes on the Dark Web, and there’s a new client for Clearwater Analytics.
New Iress Team to Drive Combined Solutions
Financial technology provider Iress has completed its integration of the offerings of QuantHouse — acquired two years ago — with the launch of the Iress API Data and Trading Solutions team, which will drive the sales and support for a suite of trading data solutions and managed services, offered on-premise or via a cloud platform, officials say.
The new team, led by Arthur Tricoire, general manager — commercial, Iress API Data and Trading Solutions, offers capabilities such as the end-of-day pricing and reference data solutions that target the data management challenges of back-office operations, officials add.
The product set that the new team will oversee also includes QuantFEED, ConsolidatedFEED, Data Feed Manager, the Web Services API, proximity hosting and connectivity, order routing services, raw data feeds, historical data on-demand, and historical binary files, officials say.
The team launch does not include any new offerings in the product set.
“New offerings will be announced over the next few months following this launch. Immediate product impact is to bring together all trading data solutions and managed services of the group as listed above under one value proposition supported by a dedicated team,” Tricoire tells FTF News.
Application programming interfaces (API) to data and cloud services “continue to be adopted at pace by financial services firms. A recent study from Google indicated that 67 percent of sell-side firms surveyed consume cloud-deployed market data and 88 percent plan to consume more in the coming year,” according to an official statement from Iress. “The numbers are even greater on the buy side, with 90 percent of surveyed firms consuming cloud-deployed market data today, and 70 percent planning to increase that in the next 12 months.”
Cboe to Acquire NEO Exchange 
Derivatives exchanges operator Cboe Global Markets announced its plans to acquire Aequitas Innovations, also known as NEO, a fintech company that consists of a Canadian securities exchange whose product and services range from corporate listings to cash equity trading.
The Toronto-based NEO Exchange is “a Canadian stock exchange operator with business lines across listings, trading, and market data. Its sister company, NEO Connect, provides a distribution platform supporting mutual funds, private funds and private corporates,” officials note.
The proposed NEO acquisition combined with MATCHNow, an alternative trading system (ATS) that Cboe acquired last year, Cboe officials say they hope “to provide a comprehensive equities platform for the Canadian markets with over 16.5 percent combined market share expected at close, market data feeds, access services, listings and distribution services for non-listed securities.”
NICE Actimize Solution Targets the Dark Web
A new solution from NICE Actimize is intended to help firms detect fraud and account takeover threats emanating from the Dark Web, officials say.
The IFM-X Dark Web Intelligence offering deploys “comprehensive, multi-language coverage of the Dark and Deep Web, malware networks, private messaging platforms, and underground fraudster infrastructure and communities,” according to NICE Actimize. “The growing amount of information on the Dark Web presents a range of complex fraud schemes and typologies that are increasingly difficult for financial service organizations (FSOs) to detect and stop.”
The new offering, based upon NICE Actimize’s IFM-X enterprise fraud management platform, “utilizes behavioral technology that provides targeted, continuously updated intelligence, and monitoring which can be deployed across post-breach and pre-fraud scenarios,” officials say.
The new solution “offers three different, curated data feeds and actionable dark and deep web intelligence across customer account takeovers, compromised payment cards, and mule accounts,” officials say.
USDC Operator Signs Deal with Clearwater Analytics
Circle Internet Financial has selected Clearwater Analytics to support the reserves reporting process for the regulated dollar digital currency that Circle operations —  USD Coin (USDC), officials say.
USDC is described as “fully backed with cash and equivalents, and short-duration U.S. treasuries, held in segregated accounts,” officials say. Clearwater offers Software as a Service (SaaS)-based investment accounting, reporting, and analytics.
USDC facilitates the business usage of “digital currencies and public blockchains for payments, commerce, and financial applications worldwide,” officials say. “This year, as USDC’s growth has accelerated, Circle needed a solution that would enable it to provide continued reporting transparency to the public.”
The Clearwater SaaS platform provides automated data consolidation and reconciliation.
The Circle deal is significant because “investment professionals around the globe are working to untangle the complexities of accounting and reporting for an evolving investment landscape,” says Scott Erickson, president of Americas and new markets at Clearwater, in a prepared statement.
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