Palantir to Help Integrate Army Data Under Other Transaction Agreement

GovCon Wire“The problem for Army’s leaders and commanders at every level is you’re trying to make decisions off of accurate data but the data is stored in so many places, it’s often very hard to figure out what’s going on,” said Doug Philippone, lead of global defense at Palantir. “What we did was integrate thousands and thousands of different data tables together so that you can make better decisions.”

State Street launches digital asset pilot with Winklevoss-led Gemini Trust

Suman Bhattacharyya – Bank Innovation “Traditional investors will more seamlessly be able to allocate capital in their portfolio to digital assets through trusted and regulated financial institutions — helping us build a better bridge the future of money,” said Winklevoss, in a statement.

Are Crypto Miners the Modern Hedgers?

Thomas Chippas ErisX – “Miners, similar to traditional hedgers, are foundational elements of a well-functioning capital, commodity and commercial market. The act of mining is performed by high-powered computers that solve mathematical puzzles to produce digital assets such as bitcoin or Ether. Miners are rewarded with the respected coin and are similar to traditional hedgers in that they are looking to offset the market risk of their production related to price volatility and offsetting counterparties. This is a nearly identical use case to a traditional physical commodities producer that uses futures contracts to lock a price at the present for the future sale of the commodity. The producer foregoes the potential upside if the commodity increases in price beyond the settlement price of the futures contract but is also protected on the downside if the price falls.

Due Diligence 2.O: How Vendor Risk Assessment Will Evolve

Alex Golbin IHS Markit – “Due diligence transformed … Redesigning due diligence with control objectives makes the process more logical and the outcomes more applicable to assessing and managing third-party risk. … Notably, the process is more efficient for financial institutions and vendors alike, time to market is faster for firms making risk-based decisions, and firms can have much more confidence that their assessment and monitoring procedures produce actionable insight. … All of these combine to improve the overall risk posture of the industry. … It will be a journey, but the faster we start, the better off we will be.”

Two Sigma launches portfolio risk management solution for institutional investors

Users looking for more robust, portfolio level analytics can take advantage of Venn Pro, a solution that is offered on a SaaS subscription model and includes additional features such as custodial integrations and portfolio optimisation and special access to product specialists on the Venn team at Two Sigma.

The Case for Payment for Order Flow

Larry Tabb – It is certainly not a good idea to only route orders to markets that pay the highest rebate or charge the lowest fee, but this is difficult to regulate. Firms are generally governed by best-execution policy, which in the US focuses on obtaining a price for the client order that is at, or better than, the best bid or offer in the market.