Welcome to the Spring edition of our bulletin and an update on what is happening at Alveo.
It has been an interesting year to date and a busy time for us. Many clients have kicked off-market data infrastructure upgrade projects and are focusing on how they handle increasing data volumes and servicing their business users better. Through these projects, we are seeing several trends develop. The pandemic has accelerated clients moving infrastructure to the cloud including their Alveo platforms. We have made good progress incorporating new open source technologies into Alveo products to facilitate this. We are also seeing ESG becoming a major new data management requirement for clients. This is primarily on the buy-side but our sell-side clients are also looking at ESG and how they will process it. We have now incorporated ESG data into Alveo from major data vendors such as Bloomberg, Refinitiv and ICE Data Services and we are pleased to announce our recent collaboration with Factset on ESG and other data types. As part of extending our data model for ESG, we now cover both the regulatory requirements per the EU’s SFDR but also a lot of additional details to enable clients to create their own ratings, to proxy fields or to use in asset selection and more detailed reporting.
Business user self-service continues to be a major focus for our product innovation. It is a trend that is driven by both business users and IT teams as institutions push to increase productivity. Our new web UI Ops360 is our key initiative in this area and in the latest version we have added new capabilities for data quality statistics, data lineage and visualization of risk factors.
As well as new ESG sources we have also added new standard interfaces for MSCI and Ultumus in the index and ETF space and added an interface for the Finchina feed. We also enhanced our corporate actions functionality making it fully ISO15022/20022 compliant with additional business logic. Please see the product update below.
It has been a great period of industry recognition for us. As well as winning Best Buy-Side Data Management Platform at the end of last year, we have recently won three more awards:
- Best Sell-Side Data Management Product
- Best Software Solution for FRTB
- Best Reference Data Managed Service
We’re also excited to be shortlisted in the FTF Awards for Best Ops Data Management Solution. Thank you to everybody who voted for us, and we really appreciate the recognition.
We continue to expand our managed service offering, PaSS where we offer clients, host, run and change options for the Alveo software. One lasting effect of the pandemic seems to be more attention to operational resilience. The BCBS recently published the Principles for Operational Resilience highlighting the increased dependency on technology infrastructure. The document contains a useful categorization of these operational resilience principles into seven categories: governance; operational risk management; business continuity planning and testing; mapping of interconnections and interdependencies of critical operations; third-party dependency management; incident management; and resilient information and communication technology (ICT), including cybersecurity. This taxonomy closely matches the approach we took when we launched PaSS two years ago.
Finally, I am pleased to welcome a number of new clients who are joining our user community, including from the buy-side, sell-side and market infrastructure segments.
Our main product focus will continue to be; cloud enablement, business user self-service, facilitating easier analytics and enabling clients to reduce market data and operating costs. I hope you find the content below useful and please let us have any questions or feedback.
Thank you for your support,
Mark Hepsworth, CEO
Should you require further information, please don’t hesitate to contact us by contacting your account manager or directly contacting me at email@example.com.
I hope you enjoy the update in this Bulletin.