FactSet Rolls Out AI-Backed Search, Bank Workflow Tools

FactSet has begun rolling out an artificial intelligence document search tool to 85,000 financial professionals, enabling them to access and extract insights from unstructured datasets including transcripts, filings and news.

The beta release follows previous integrations with external large language models and the appointment of a chief artificial intelligence officer, Kate Stepp.

“AI is fundamentally altering the financial landscape, and FactSet is proud to set the standard for trustworthy, impactful adoption,” Stepp said.

The tool includes a natural language agent for automated summaries and a comparison grid to benchmark different companies.

The Norwalk, Connecticut-based financial digital platform provider also unveiled an alpha version of an AI ecosystem for banking workflows. The software automates deal processes and research tasks through a collaboration with Finster AI, a company in which FactSet has also invested.

Users can generate pitch materials, memos and company profiles using natural language prompts within a secure environment. Stepp said the software delivers an agentic ecosystem that unlocks access to datasets and task automation capabilities.

It integrates with the FactSet workstation and Microsoft Office, allowing clients to incorporate proprietary data through various deployment configurations.

Clarity AI to Add New Climate Data Sets in Tie-Up With RiskThinking

Clarity AI will integrate granular climate-related data from more than three million assets into the US-based sustainability tech company’s platform as part of a deal with climate modelling provider RiskThinking.

The integration uses a digital twin platform to simulate hydrologic models across various climate scenarios and warming levels. The move is aimed at providing transparency into climate vulnerability and biodiversity impact.

“We are bridging the gap between corporate-level reporting and asset-level reality,” said Rebeca Minguela, chief executive and founder of Clarity AI. “While top-down models provide an essential high-level perspective, our partnership with RiskThinking adds the granular detail required for rigorous audit and risk analysis.”

The platform can be accessed via a web app, through artificial intelligence agents and through an API, an MCP and other connectors. It will “empower our clients to see the full picture of how climate and nature affect their portfolios”, Minguela added.

Gresham Renames S&P Data Management Acquisition Opus EDM

Enterprise data automation specialist Gresham has changed the name of the data management platform it acquired from S&P Global Market Intelligence.

Opus EDM, which was previously known as Markit EDM and IHS Markit EDM, has been integrated into Gresham’s portfolio to support data operations for financial institutions.

More than 150 firms use the software to manage about US$12 trillion in assets across global capital markets.

Gresham chief executive Mark Hepsworth said the new name heralds an era focused on product innovation, artificial intelligence enablement and managed services to reduce total cost of ownership.

Opus EDM operates alongside the existing Prime EDM product to offer buy-side and sell-side clients a broader range of technical capabilities.

Trading Technologies Launches Automated Support for EEX Gas Spot Contracts

Trading Technologies International, Inc. (TT) has announced full support for European Energy Exchange (EEX) Gas Spot contracts through its capital markets technology platform. The new offering includes a comprehensive suite of trade execution tools and a bespoke auto-matching capability, a first for these specific contracts. Currently available for testing and simulation, the connectivity aims to streamline gas storage and trading operations by removing the necessity for manual order submission and trade aggregation.

The solution provides a trading experience comparable to listed derivatives, allowing institutional and commercial energy traders to manage gas spot and futures markets on a single platform. The integration of TT’s APIs and automated tools, including the Autospreader and execution algorithms, allows market participants to automate various trading tasks and streamline their operations. This launch follows two years of expanded growth for TT within the physical spot and over-the-counter energy sectors.

This development addresses high demand among energy traders for automated solutions in the EEX Gas Spot market. Developed with input from major industry participants, the platform leverages TT’s three decades of experience in institutional trading technology.

Abanca Portugal Implements Murex MX.3 Platform for Capital Markets

Abanca Portugal has successfully deployed MX.3, the fully integrated front-to-back-to-risk platform provided by Murex. This implementation follows the bank’s recent acquisition of EuroBic (formerly Banco BIC) and marks a significant step in the firm’s strategic expansion across the Iberian region. The transition to a unified infrastructure allows the institution to replace fragmented legacy systems with a modern, scalable solution for its capital markets operations.

The MX.3 platform enables Abanca Portugal to manage the entire trade life cycle within a single system. Its capabilities cover pricing, trading, middle-office workflows, and back-office processing, alongside collateral management and market and credit risk assessment. By consolidating these functions, the bank aims to improve operational efficiency, strengthen internal risk controls, and reduce the time required to bring new products to market across various asset classes.

Murex has highlighted that this go-live reinforces its presence in the Portuguese market. For Abanca, the platform serves as a technological cornerstone designed to support long-term growth and regulatory compliance. The collaboration ensures that the bank’s Portuguese operations are now equipped with the same technology used to elevate risk and operational performance throughout the wider Abanca Corporación Bancaria group.

FIX Trading Community Urges Regulatory Alignment in Response to FCA Consultations

The FIX Trading Community has called for significant changes to UK financial regulation in its formal response to FCA consultations on the UK consolidated tape and transaction reporting. Executive Director Jim Kaye emphasised that harmonising UK reporting rules more closely with EU standards would reduce complexity, lower the reporting burden, and improve the quality of market data. By addressing current concerns with post-trade transparency, the association aims to boost investor confidence in UK-based liquidity.

Regarding the 2027 equities consolidated tape, FIX recommends a single provider to ensure a “single source of truth.” Key proposals include aligning off-venue transparency exemptions with off-book exchange trades, removing duplicative reporting for trades already captured by EU Approved Publication Arrangements, and introducing disclosures for trade execution methodology. The association also seeks clearer regulatory guidelines for order chains and cross-border transactions to eliminate ambiguity in reporting responsibilities.

On transaction reporting, FIX advocates for a pragmatic approach to data sourcing, including the use of Legal Entity Identifiers for trusts and the FCA’s FIRDS as a primary data source. The response suggests removing specific RTS 22 fields while preserving essential transparency data. However, the association cautioned that proposed changes to data points, such as DEA indicators, may require significant system upgrades for firms. Overall, the recommendations focus on simplifying logic and maintaining data quality to support market integrity.

LSEG and Dell Technologies Announce Multi-Year Private Cloud Collaboration

LSEG has entered into a multi-year agreement with Dell Technologies to develop a new private cloud platform and optimise its existing on-premises infrastructure. This initiative is designed to bolster the resilience and performance of various Data & Analytics and Markets platforms that function outside of LSEG’s current public cloud environments.

As part of this collaboration, Dell will assist in the design and implementation of a secure, high-performance infrastructure by integrating its servers, storage, and automation software. This unified system aligns with LSEG’s broader multi-cloud strategy, serving as a complement to its established public cloud partnerships.

The project aims to provide the financial markets with enhanced operational flexibility and continuous availability. By leveraging Dell’s automation capabilities, LSEG intends to maintain full control over its environment while meeting the stringent security and regulatory requirements essential for global market infrastructure.

Avelacom Expands Latin American Reach with Direct Connection to nuam Exchange Infrastructure

Avelacom, the global provider of low-latency network solutions, has expanded its presence in Latin America by establishing a direct connection to nuam, the holding company integrating the stock exchanges of Chile, Colombia, and Peru. The company has deployed a new physical point of presence (PoP) at the Equinix ST1 data centre in Santiago, Chile. This infrastructure allows institutional clients to access real-time market data and order routing through ultra-low latency connectivity, supporting both individual and unified access across all three nuam markets.

The expansion builds on Avelacom’s existing regional footprint, which includes support for the Brazilian Exchange (B3) since 2020 and a partnership with Argentina’s BYMA. By linking Chile, Colombia, and Peru to its established networks in Brazil and Argentina, Avelacom has created a comprehensive infrastructure layer. This connectivity enables efficient cross-market trading and arbitrage strategies between Latin American markets and major global financial hubs in North America, Europe, and Asia.

This development reflects a shift toward more integrated, cross-border trading strategies within the region. By providing predictable performance and high-speed access, the infrastructure is specifically designed for latency-sensitive operations, such as algorithmic trading and market making, ensuring that global investors can operate with the reliability and speed required for modern financial environments.

SEC Approves Cost-Saving Measures for the Consolidated Audit Trail

The Securities and Exchange Commission (SEC) has approved an amendment to the National Market System Plan to implement various cost-saving measures for the Consolidated Audit Trail (CAT). This decision includes exemptive relief from specific requirements of the Securities Exchange Act of 1934, aiming to reduce the financial burden of the CAT while maintaining its core regulatory functions. The amendment builds upon previous efforts from 2025 to streamline the system’s budget and operational efficiency.

Key changes under the new amendment include the deletion of CAT data older than three years, the relaxation of certain data processing deadlines, and the implementation of a spending cap for future modifications. Furthermore, the plan participants will cease creating interim lifecycle linkages unless requested and will stop reporting rejected messages. These technical adjustments are designed to simplify the infrastructure and reduce the volume of data managed by the system.

The SEC estimates that these measures will result in annual cost savings of between $50 million and $70 million compared to the 2025 CAT budget. When measured against the savings from the 2025 exemptive relief, the new amendment is expected to provide an additional $19.4 million to $24.1 million in incremental reductions. SEC Chairman Paul S. Atkins noted that while this represents significant progress, a comprehensive review of the CAT’s long-term sustainability remains ongoing.

Shield Advances Archive Modernization with Tiering and Migration Enhancements

Shield has updated its archive platform with a set of enhancements aimed at addressing a long-standing operational problem for financial institutions: how to modernise legacy communications archives without introducing migration risk, increasing storage costs or weakening compliance controls.

This latest release focuses on three areas – storage optimisation, large-scale migration and expanded governance – reflecting the practical constraints firms face as data volumes grow and regulatory expectations around record-keeping tighten.

At a technical level, the introduction of intelligent storage tiering signals a more granular approach to managing retained communications data. Frequently accessed records remain immediately searchable, while less active data is shifted to lower-cost storage tiers without losing metadata visibility or regulatory accessibility. The model is designed to reduce long-term retention costs while maintaining readiness for audit and investigation, including alignment with requirements such as SEC Rule 17a-4, CFTC, FINRA and MiFID II.

Migration remains a primary blocker to archive modernisation, particularly where firms face risks around data loss, broken lineage and evidentiary gaps. Shield positions its approach around enterprise-scale transfer with built-in validation and reconciliation to preserve completeness and auditability. The platform supports multi-petabyte migrations across legacy and modern environments, with deployments cited at over 9 petabytes and tens of billions of records migrated across multiple systems. Processing throughput is designed to operate at industrial scale, enabling firms to execute migration programmes within defined timelines rather than prolonged, multi-year transitions. Post-migration, data is maintained as a consistent and defensible record, supporting downstream compliance, audit and investigative workflows.

“Archive modernization has been constrained by migration risk, rising long-term costs, and limited control over data,” said Ofir Shabtai, CTO, Shield. “Shield Archive removes these barriers with a connected, AI-enabled data layer – combining proven large-scale migration with more efficient retention and enhanced governance controls that give compliance and legal teams greater visibility, control, and confidence in their data.”

Alongside storage and migration, the update expands governance and legal hold capabilities. This includes greater visibility into preserved data, bulk policy management and self-service controls for legal holds – features intended to reduce operational friction and improve responsiveness during investigations. AI-driven functionality is also introduced to support faster identification and assessment of relevant records.

These enhancements sit on top of a cloud-native architecture with immutable, write-once-read-many (WORM) storage, policy-driven retention and full auditability across the data lifecycle. The emphasis on single-tenant deployment and data accessibility reflects continued regulatory focus on control, traceability and evidentiary integrity.

The update builds on Shield’s positioning in digital communications governance and archiving, where archive platforms are increasingly expected to function as more than passive storage. As regulatory scrutiny intensifies and data volumes expand, the archive is becoming a foundational layer for surveillance, investigation and AI-driven analysis – rather than simply a system of record.