FIX Trading Community Publishes Standardised Margin Reporting Framework

The FIX Trading Community has published new guidance establishing a standardised messaging framework for margin requirement reporting between asset managers and clearing brokers or swap providers.

Developed by FIX’s Post-Trade Committee, the specification aims to simplify how buy-side firms request and receive margin information from counterparties, reducing reliance on manual processes and bespoke reporting arrangements.

The framework supports machine-readable margin reports covering individual accounts, portfolios, instruments and overall margin excesses or deficits. It accommodates both one-off requests and ongoing reporting, enabling firms to exchange margin information through a consistent format.

The guidance is intended to improve collateral management, exposure monitoring, reconciliation and funding decisions, while reducing operational complexity and the potential for disputes.

By extending standardised FIX messaging into margin reporting, the initiative provides a foundation for greater automation of post-trade collateral and funding workflows across buy-side and sell-side institutions.

MarketAxess Pricing, Deal Data Feeds Available Through Arcesium

Arcesium has integrated electronic trading platform MarketAxess Holdings’ CP+ algorithmic pricing engine and TraX transactional data into its Aquata and Opterra software platforms.

Mutual clients can access pricing, liquidity and transaction data across fixed income workflows without custom integration.

Ena Gordon, head of data & analytics product at MarketAxess, said: “By integrating our proprietary data with Arcesium’s platforms, clients can gain a reliable source of truth for fixed income trading and operations.”

The platforms enable liquidity analysis, price discovery, relative value assessment and risk analytics for hedge funds, asset managers and capital markets firms.

Arcesium previously integrated with MarketAxess Repo Match in June 2024 to support trade-date matching for repurchase agreements. Opterra and Aquata provide cloud-native architecture, data models, and automated reporting tools for the management of fixed income portfolios.

Precisely MCP Connects Products to AI-Powered Data Management

Precisely has built a Model Context Protocol (MCP) server that enables the connection of multiple products across its portfolio with artificial intelligence agents, assistants as well as data management and customer communications capabilities without the need for custom integrations.

Organisations can maintain existing security and governance controls within artificial intelligence operations by linking agents to enterprise data and workflows.

“For decades, organisations have relied on Precisely to help keep their data visible, reliable, accountable, and complete,” Matt Waxman, chief product officer at Precisely said.

Initial server support enables artificial intelligence agents to operate across products including Automate, Data360, EngageOne, EnterWorks, Spectrum and Trillium. Support for Syncsort will become available in subsequent months, following previous releases of other portfolio integrations.

OKX Raises Funding at $25 Billion Valuation

Digital assets exchange OKX has raised new funding at a $25 billion valuation from stablecoin issuer Circle, payments service Ripple and Standard Chartered’s investment arm, SC Ventures.

“Through strategic investment and partnership, OKX is aligning some of the most critical builders of financial infrastructure behind its vision for the next generation of on-chain markets,” OKX said in a statement.

Solana Foundation and Samsung Bring USDC to 82 Million Users This Month

The Solana Foundation has announced that Samsung Wallet and Samsung Pay will support stablecoins on Solana. Samsung Wallet users in the United States will be able to send money using Circle’s USDC by month end.

Some 82 million US Galaxy device users will be able to send a remittance from the same wallet interface they already use for cards, boarding passes and IDs, with integrated fiat on- and off-ramps converting to and from local currency.

“For a decade, stablecoins have proved the technology works,” says Lily Liu, President, Solana Foundation. “What they lacked was a way to reach the mainstream. Samsung’s decision to work with Solana puts digital dollars into everyday life through one of the world’s most trusted technology brands. This level of adoption is what we built Solana for, and we’re seeing the moment when stablecoins stop being a crypto product and start being how people move money.”

Exegy Launches Hardware-Timestamped Market Data Capture Service

Exegy has partnered with packet capture specialist FMADIO to launch a new end-of-day PCAP service, providing hardware-timestamped raw market data through its Axiom consolidated feed infrastructure. Available across all Axiom points of presence, the service enables trading firms to access high-precision market data captures without deploying and maintaining their own packet capture infrastructure.

The offering uses FMADIO’s FPGA-enabled 40G/100G appliances to minimise packet loss and jitter during periods of peak market activity. Hardware timestamping through Arista switches provides the precision required for latency benchmarking and best-execution analysis. Exegy captures both primary and secondary market data feeds, applying quality checks to validate that files contain no gaps. Low-latency exchange connectivity is provided through Waypoint Trading Solutions.

Captured data is delivered through Amazon Web Services S3 buckets for automated end-of-day retrieval, with daily PCAP files retained for 14 days.

Plus500 Acquires Hedge to Expand US Securities Offering Ahead of Multi-Asset Platform Launch

Plus500 has conditionally agreed to acquire Hedge Capital Markets, expanding its US operations into SEC-regulated securities trading ahead of the planned launch of a unified multi-asset trading platform in Q1 2027. Hedge, founded in 2021, operates an SEC-registered, FINRA-member broker-dealer providing US retail investors with access to exchange-listed securities, including stocks and ETFs.

The acquisition complements Plus500’s existing CFTC-regulated US business, which provides clearing and execution services for futures and prediction markets. It will enable the company to combine these products with stocks, options and ETFs through a single application. Plus500 has also established a New York hub alongside its existing Chicago operations to support the expansion, incorporating Hedge’s personnel and regulatory expertise.

The transaction will be funded from existing cash resources and remains subject to regulatory approval, including FINRA clearance. Plus500 intends to extend its multi-asset platform into additional markets following its initial US launch.

LSEG and CMC Markets Sign Multi-Year Financial Data Agreement

LSEG and CMC Markets have entered into a multi-year strategic agreement expanding CMC’s access to financial data, news and analytics to support the growth of its multi-asset trading and investment businesses. Under the agreement, CMC will gain broader access to LSEG’s real-time and delayed pricing, reference data, corporate actions information, news and analytical content.

The expanded data provision is intended to improve consistency and scalability across CMC’s operations as the company develops new products, enters additional markets and strengthens its institutional and B2B partnerships. CMC will also gain access to LSEG’s AI-ready content, providing a foundation for developing AI-enabled applications and workflows across its business.

The agreement supports CMC’s broader strategy to diversify its financial services offering through technology and infrastructure investment, connecting its trading, investing and institutional capabilities while reducing the operational complexity associated with expanding into new markets and services.

CME Group Introduces Baseball Futures Based on Team Performance Indexes

CME Group has announced the launch of what it describes as the world’s first baseball futures contracts, extending its derivatives offering into professional sports. The contracts were scheduled to begin trading on 12 October, subject to regulatory review.

Developed with FutureSports, the contracts track CME FutureSports Performance Indexes (FSPI), which use official league statistics to measure the performance of professional baseball teams. The initial offering covers the four teams competing in the 2026 League Championship Series, with the broader index framework encompassing all 30 teams.

The contracts are available in standard and micro sizes, with trading supported around the clock through CME’s regulated exchange infrastructure and central clearing arrangements. The underlying indexes use rules-based methodologies that assign positive or negative points according to team performance statistics. CME says the methodologies align with IOSCO Principles for Financial Benchmarks, supported by published governance and oversight procedures.

FactSet Expands Partnership with Scotia Wealth Management

FactSet has expanded its partnership with Scotia Wealth Management, part of Scotiabank, to provide broader access to investment research, market data and portfolio analytics across the Canadian wealth management business. Under the expanded agreement, financial advisers, investment professionals and support teams will gain access to FactSet’s unified research and intelligence platform, bringing together investment research, market information, portfolio analysis, watchlists and other resources within a single environment.

The integration is intended to streamline advisers’ access to information, improve investment workflows and support more informed client engagement. The agreement builds on the existing relationship between the two companies and forms part of Scotia Wealth Management’s ongoing investment in its adviser technology infrastructure.

For FactSet, the expanded partnership strengthens its presence in the wealth management sector, where firms are increasingly seeking integrated data and analytics platforms to improve operational efficiency and support investment decision-making.