DTCC Adds EU MiFID Transaction Reporting with Back-Reporting and Error Correction Tools

The Depository Trust & Clearing Corporation (DTCC) has launched an EU Markets in Financial Instruments Directive (MiFID) Approved Reporting Mechanism (ARM). The service combines transaction reporting with a dedicated 24/7 back-reporting channel, error correction and data analytics to help firms manage reporting quality and remediation.

The launch follows DTCC’s introduction of its UK MiFID ARM in May 2026. Firms can access both ARM services and DTCC’s Global Trade Repository (GTR) through a single-sign-on portal, extending access to its regulatory reporting services.

Built on a cloud-native platform, the EU service is designed to simplify reporting workflows and improve data quality, according to DTCC. Its back-reporting channel and error correction capabilities form part of an end-to-end transaction reporting offering.

DTCC’s ARM dashboards and reporting tools provide near real-time visibility into submission status, exceptions and data quality. Users can also access trend analysis and anonymised peer comparison data to help prioritise reporting issues and remediation.

“As regulatory expectations continue to evolve, European firms are looking for a trusted partner that can help them navigate changes while improving the overall quality of their reporting,” said Michele Hillery, Managing Director and Head of Repository and Derivatives Services at DTCC.

“DTCC’s EU-MiFID ARM extends our proven global reporting capabilities, enabling firms to meet evolving regulatory requirements across jurisdictions and regimes through one trusted provider. It also highlights DTCC’s commitment to serving clients across the EU,” she says.

Fourthline and Veridas Complete Merger Combining KYC, Biometrics and Fraud Controls

Fourthline and Veridas have completed their merger, combining know-your-customer (KYC) and compliance decisioning with biometric, document, voice and anti-fraud technology.

The transaction closed on 3 November after meeting its closing conditions. The companies first announced the agreement on 16 July. They said the combined platform will support identity, compliance and fraud-prevention requirements across more than 50 countries.

The transaction includes up to €65 million from Fourthline shareholder Finch Capital, equity investor Seaya Andromeda and debt provider Ashgrove Capital. The funding will support product development, acquisitions, debt refinancing and a shareholder reorganisation.

Fourthline and Veridas project combined 2026 revenue above €50 million. Both businesses were earnings before interest, taxes, depreciation and amortisation positive at closing. The company is targeting €85 million in annual recurring revenue by 2029 and €20 million in annual run-rate synergies. These remain forward-looking targets.

Existing platforms, contracts, integrations and local support will continue during a phased integration. Customers do not need to take immediate action. The companies said clients will gain access to a broader set of identity and compliance services across Europe, Latin America and the US.

Fourthline Chief Executive Officer Paul Stoddart will lead the combined business. Veridas Chief Executive Officer Eduardo Azanza becomes president. The company will be headquartered in Amsterdam, with offices in Stockholm, Pamplona, Barcelona, Mexico, São Paulo and Boston.

“Our first job is to ensure continuity of service for existing customers; our second is to give them access to incremental value,” Stoddart said.

Eventus to Provide Trade Surveillance for Synova Global’s Exchange Infrastructure

Eventus has partnered with Synova Global to integrate its Validus trade surveillance platform into the latter’s exchange-as-a-service infrastructure, initially supporting NativX, a marketplace for trading compute capacity. The agreement will provide real-time monitoring and surveillance capabilities designed to detect potential market manipulation and support market integrity across exchanges launched using Synova Global’s technology.

NativX, Synova’s first marketplace, is developing trading infrastructure for verified computing and connectivity capacity, reflecting growing interest in treating AI infrastructure resources as tradable assets. Synova’s exchange infrastructure includes its Titan matching and settlement engine and Venue trading interface, enabling operators to establish white-label markets across different asset classes. NativX is also expected to adopt Eventus’ Frank AI surveillance capabilities where appropriate, introducing additional automation into monitoring and investigation workflows.

The partnership extends Eventus’ surveillance coverage into emerging compute markets, building on its existing presence across traditional financial instruments, digital assets and prediction markets.

Broadridge Integrates Kalshi Prediction Markets into CQG Trading Platform

Broadridge has integrated Kalshi event contracts into its CQG trading platform, enabling retail and institutional investors to access prediction markets alongside futures, options and equities through existing trading interfaces and APIs. The integration provides direct trading access and market data through CQG, incorporating event contracts into its execution, risk management and portfolio monitoring capabilities. Brokers and futures commission merchants (FCMs) can offer the products to clients without introducing separate trading infrastructure.

Kalshi contracts will also become available through the CQG-NYFIX integration, extending access to more than 1,700 buy-side clients connected to Broadridge’s NYFIX network. The arrangement allows traders to monitor event contract positions alongside traditional financial instruments and incorporate prediction markets into broader trading and hedging strategies.

The launch expands Broadridge’s multi-asset trading capabilities and Kalshi’s institutional distribution, responding to demand in the US and EMEA, subject to applicable regulatory and jurisdictional requirements.

B2BROKER Adds MCP Connectivity and Agentic Trading to B2TRADER Platform

B2BROKER has expanded the AI capabilities of its B2TRADER trading platform, introducing Model Context Protocol (MCP) connectivity and an integrated AI Chat interface to support account analysis and automated trading.

The MCP integration allows traders to connect external AI agents, including Claude, ChatGPT and custom applications, to retrieve market data, review portfolios and issue natural-language trading instructions. Brokers can configure access permissions, restricting agents to read-only functions or enabling them to place, modify and close trades. Each agent is limited to accounts authorised by the relevant trader, while brokers can disable MCP connectivity entirely. The new in-terminal AI Chat enables traders to query positions, market conditions and platform functionality without leaving the trading interface. Trading actions initiated through the chat require explicit confirmation, although external agents with full permissions can execute orders without individual approvals.

The release builds on B2TRADER’s existing AI-powered market analysis, sentiment indicators and trading signals, extending the platform towards agentic execution workflows.

Bloomberg’s BQuant Augmented with AI Assistant

Bloomberg has launched a domain-grounded conversational artificial intelligence coding assistant, BQuant Assistant, that is integrated into BQuant Desktop and BQuant Enterprise.

The tool enables users to write code, construct applications and accelerate data analysis using natural-language prompts. The assistant operates directly within the Python environment to generate code, answer questions, query datasets and run scripts in a sandbox.

“BQuant Assistant brings AI-driven coding that is informed by Bloomberg’s understanding of financial data and quantitative workflows directly into the workflows our clients already use to build investment strategies,” said Shawn Edwards, chief technology officer of Bloomberg.

Symbol Master Launches API for 35 Data Endpoints

Symbol Master, which provides standardised options symbology and reference data for the financial services industry, said its API solution has been approved for full production utilisation.

The API Dashboard provides a single interface that gives clients access to 35 data API endpoints to retrieve data, query historical ranges and check data availability.

Access can be governed by administrative permissions as Symbol Master will provision subscribers for defined entitlements based on contracted usage.

“Our API solution will open the door for existing users to integrate to a more usable technical solution without flat file management,” said chief executive George Tull.

The symbology validation software supports firms across the financial ecosystem, covering over 6,000 underlying securities with US options across 20 exchanges. Ten years of historical data is available for the core content set, expanding on previous data distribution methods to enable backtesting and risk management.

tZERO Plans Public Listing via SPAC

Tokenisation infrastructure-as-a-service pioneer tZERO Group is listing as a public company via a merger with FG Imperii Acquisition Corp, a special purpose acquisition company. The transaction values tZERO at a pre-money equity valuation of $350 million. The combined entity plans to list on the NYSE American exchange under the ticker “TZRO”.

Existing shareholders will roll their equity into the new public company, which stands to gain up to $231 million from FG Imperii’s trust account, subject to redemptions and fees. Proceeds will support tZERO’s tokenisation infrastructure, balance sheet, and commercial growth under current CEO Alan Konevsky.

“We have talked about the next phase of tZERO’s evolution requiring a more independent footprint. This transaction delivers that objective, unlocks growth paths and strengthens our ability to scale market infrastructure required for an increasingly tokenised financial system,” says Alan Konevsky, CEO of tZERO. “Our infrastructure-as-a-service capabilities are complete, hard to replicate individually and, in many cases, are unique in the marketplace. These capabilities are built, ready and already commercialised with Tier 1 institutional customers. With this step, we will continue to grow that infrastructure and deepen our diversified institutional and strategic relationships across asset classes.”

The merger, unanimously approved by both boards and backed by some 62% of tZERO’s stockholders, is targeted to close in early 2027 pending regulatory approval.

S&P Global Ratings Taps Chainlink for Vault Risk Service

S&P Global Ratings has partnered with blockchain oracle Chainlink to make S&P Global Vault Risk Assessment data available on chain. The integration gives institutions and investors direct access to independent vault risk analysis, enabling market participants to evaluate lending vault risks and make more informed decisions about where to deploy capital on chain.

The integration leverages Chainlink DataLink, an institutional-grade data publishing service, with the Chainlink Runtime Environment (CRE) orchestrating the retrieval of S&P Global Ratings’ assessment data and its publication on chain. A Chainlink decentralised oracle network retrieves the source data, reaches consensus on the reported values, and delivers them on chain, with Base as the initial supported

S&P Global Ratings’ Vault Risk Assessment provides a forward-looking opinion on the relative risk of impairment to an investor’s position in a lending vault. Its analysis considers portfolio credit quality and liquidity mismatch, alongside risks related to the curator, blockchain, protocol, and vault security and governance. A Vault Risk Assessment is not a credit rating and does not comment on yield levels.

By bringing S&P Global Ratings’ assessments on chain, the integration makes institutional-grade risk analysis available directly to lending platforms and their users. Institutions gain access to independent opinions to support due diligence and investment governance, while developers can build applications that let depositors compare assessed vaults and monitor changes in their risk profiles.

The integration builds on Chainlink’s existing collaboration with S&P Global Ratings, which brought its Stablecoin Stability Assessments on chain. Extending this model to lending vaults gives S&P Global Ratings a new distribution channel for its analysis within the applications where digital assets are managed and deployed.

TT Adds Bitstamp by Robinhood Digital Asset Access

Trading Technologies now supports trading on Bitstamp by Robinhood’s digital asset markets. Institutional market participants can access Bitstamp by Robinhood’s crypto spot and derivatives markets alongside other asset classes, including futures, fixed income and foreign exchange within TT’s multi-asset environment.

TT becomes the first major traditional-markets order/execution management system (O/EMS) to connect directly to Bitstamp by Robinhood, expanding Bitstamp’s connectivity beyond predominantly crypto-native trading platforms and into established multi-asset trading workflows.

Nicola White, VP of Institutional Crypto and GM of Bitstamp by Robinhood, says: “Connecting with Trading Technologies continues our rapid expansion of institutional distribution partners. As a leading multi-asset trading platform with deep roots in traditional markets, TT extends our venue to a global network of sophisticated institutional traders, proprietary desks and buy-side firms. Market participants, through Trading Technologies, can access Bitstamp by Robinhood’s deep liquidity and institutional execution services within their primary daily workflow seamlessly.”