Odeabank Becomes First in Türkiye to Implement Murex’s MX.3 for FRTB Compliance

Odeabank has become the first bank in Türkiye to adopt Murex’s MX.3 for Fundamental Review of the Trading Book (FRTB) compliance, ahead of the regulation’s implementation in January 2026. The MX.3 solution supports both the Standard Approach and the Internal Model Approach, ensuring full compliance with international regulatory requirements.

The implementation has streamlined Odeabank’s operations by establishing a single source of reference and trade data across departments, removing the need for internal reconciliations and reducing duplication. This consistency supports both front-office valuation and risk-side regulatory calculations. The system also offers transparent audit trails and explainable data for regulators, with compliance validated by ISDA certification and benchmark unit tests.

Odeabank also benefited from Murex’s extensive FRTB expertise, with the solution tailored to meet additional needs such as running what-if scenarios, strengthening the bank’s position as a leader in digital and regulatory innovation in Türkiye’s financial sector.

Acceldata Makes Agentic Data Management Platform Available to Clients

Clients of data observability technology company Acceldata can now utilise the company’s artificial intelligence agents to unify governance, quality, catalogue and observability processes.

Its Agentic Data Management platform will “enable enterprises to move from static governance and monitoring to dynamic, agentic systems that anticipate needs, adapt in real time and operate at scale”, said Acceldata chief executive Rohit Choudhary.

SimCorp Extends Private Markets Capabilities

FinTech provider SimCorp has introduced a private markets products to enable general partners, fund administrators, alternative investment fund managers), management companies and depositories to automate their operations.
SimCorp Alternatives adds to the Danish company’s existing total portfolio view offering for private asset owners within its SimCorp One platform.

FCA Approves London Stock Exchange to Launch World’s First Regulated Private Stock Market

The Financial Conduct Authority (FCA) has approved the London Stock Exchange to operate PISCES, the world’s first regulated private stock market. The platform will allow trading of shares in private companies on an intermittent basis, using mechanisms such as periodic auctions or limited continuous trading sessions.

PISCES (The Private Intermittent Securities and Capital Exchange System) will initially run within the FCA’s financial markets infrastructure sandbox, enabling the regulator to test and refine the system before introducing a permanent framework in 2030. This marks the second use of the sandbox powers, following the Digital Securities Sandbox.

The legislative framework for PISCES was finalised through a Statutory Instrument laid before Parliament in May 2025. Firms seeking to operate a PISCES platform must apply to the FCA, which has published guidance to support both pre-application and application processes.

SBI Group and Chainlink Form Strategic Partnership to Advance Digital Asset Adoption in Japan and APAC

SBI Group, one of Japan’s largest financial conglomerates, has announced a strategic partnership with Chainlink to accelerate blockchain and digital asset adoption across global markets, starting with Japan and the wider Asia-Pacific region. The collaboration aims to combine SBI’s market expertise with Chainlink’s secure oracle and interoperability infrastructure, already widely used by financial institutions and decentralised finance applications.

A recent survey by SBI Digital Asset Holdings found that 76% of financial institutions intend to invest in tokenised securities, citing benefits such as lower costs and faster settlements. However, the absence of institutional-grade infrastructure remains a key barrier to broader adoption. The partnership will address this by delivering solutions such as cross-chain tokenised real-world assets, onchain net asset value (NAV) reporting for funds, and payment versus payment (PvP) for cross-border FX transactions.

Chainlink’s Cross-Chain Interoperability Protocol (CCIP), SmartData, and Proof of Reserve will play a central role in enabling secure, compliant, and transparent digital asset operations. The two organisations have previously collaborated under Singapore’s Project Guardian, further demonstrating their capability to develop institutional-grade blockchain solutions.

Marex Expands Asia-Pacific Presence with Launch of China Internationalised Futures Contracts

Marex Group plc has begun offering clients direct access to China Internationalised Futures Contracts, enabling electronic execution and clearing across 24 futures and options products. The offering covers contracts from the Shanghai International Energy Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange, spanning agricultural commodities, energy, metals and freight. This follows Marex’s approval from the China Securities Regulatory Commission to operate as an Overseas Intermediary.

The new connectivity is designed to support growing demand from corporates and exporters seeking to manage long-term risk exposure and improve price discovery in Chinese domestic commodities. It also aligns with Marex’s strategy to broaden its services and geographic footprint, building on the recent opening of its Hong Kong office. Chinese commodity derivatives have been accessible to international participants since 2018, with volumes representing over half of global commodity contracts traded in early 2025, according to the Futures Industry Association.

ASIC Proposes Modernised Market Integrity Rules for Trading Systems and AI

The Australian Securities and Investments Commission (ASIC) has released a consultation on proposed updates to its market integrity rules (MIRs) for trading systems and automated trading. The reforms are designed to reflect technological advances, including the increasing use of artificial intelligence (AI), while streamlining requirements across securities and futures markets. The changes aim to align Australian regulations with international best practice and principles set by the International Organisation of Securities Commissions.

ASIC noted that algorithmic trading dominates activity in domestic markets, comprising around 85% of equities trading, 94% of SPI 200 futures trading and 46% of three-year Treasury bond futures trading. With automated systems now central to trading, order management and surveillance, ASIC emphasised the importance of safeguards to mitigate risks, particularly during periods of market volatility.

Under the proposals, participants would be required to strengthen development, testing, monitoring and control of trading algorithms, including the introduction of ‘kill switches’ to suspend problematic activity. ASIC also plans to repeal outdated rules and reduce regulatory complexity, including removing the requirement for annual notifications on automated order processing. A conditional class no-action position will be provided for securities participants in respect of notifications due from November 2025.

CFTC Deploys Nasdaq Market Surveillance Technology to Strengthen Market Integrity

The US Commodity Futures Trading Commission (CFTC) has adopted Nasdaq’s Market Surveillance platform to enhance its monitoring and fraud detection capabilities across derivatives markets. The move replaces the agency’s outdated 1990s system and delivers on Acting Chairman Caroline D. Pham’s March pledge to modernise surveillance infrastructure. Nasdaq’s technology, already used by over 50 exchanges and 20 regulators worldwide, will provide the CFTC with advanced tools to safeguard market integrity.

The CFTC oversees a wide range of markets, including commodities, fixed income, currencies, crypto assets, and event-based products. With new challenges such as continuous trading hours and rapid growth in digital assets, the upgraded system will provide scalable, real-time monitoring and integrated oversight. Nasdaq’s platform allows detection of manipulation patterns across asset classes, detailed transaction-level analysis, and automated alerts. Its flexible architecture also offers access to order book data, supporting effective oversight during periods of heightened volatility.

Banks’ Data Estates Still Not Ready to Leverage AI and Innovations: Report

Banks still have gaps in their data management capabilities, which are preventing them from fully utilising new technologies such as artificial intelligence, according to a report by Cornerstone Advisors.

The consultancy’s “Improving Your Financial Institution’s Data IQ” study stated that lenders scored “50 out of 100” for their ability to acquire, manage and use data. But it added that shortcomings like siloed tech stacks and manual processes, such as continued use of spreadsheets, were mitigating against then taking full advantage of innovations.

“The banking industry stands at a critical inflection point as artificial intelligence (AI) transforms core banking operations, customer experiences, and risk management frameworks,” the report stated. “Although AI promises unprecedented efficiency gains and competitive advantages, many banking institutions are struggling to bridge the gap between their current data infrastructure and the sophisticated requirements of modern AI systems.”

Diginex Buys Matter DK to Expand ESG Data, Reporting Offering

Investor sustainability data and analytics provider Matter DK has been ESG reporting and supply-chain due diligence services and RegTech provider Diginex.

London-based Diginex said the acquisition of the Danish technology company, with a transaction value of US$13 million, would bolster its ESG service offerings worldwide by incorporating Matter DK’s advanced ESG data analytics, benchmarking and reporting capabilities.