DiffusionData Releases Diffusion 6.11 with Enhanced Developer Features

DiffusionData has announced the release of Diffusion 6.11, introducing several developer-focused enhancements aimed at accelerating development, reducing operational costs, and ensuring efficient real-time data delivery. Key improvements include a major boost in distributed update performance, aligning clustered environment speeds with single-server operations through asynchronous processing.

The release also introduces a new usage monitoring feature that enables customers to collect usage statistics, which can be periodically reviewed by DiffusionData for optimised feedback. Additional updates include a cluster-aware session event listener, new API capabilities for session filtering and topic management, and the option to disable delta compression in update streams for reduced client CPU usage. Enhancements to the Diffusion Management Console provide a more intuitive interface for managing topic views and viewing JSON structures.

Grethe Brown, CEO of DiffusionData, commented: “Many of the enhancements we’ve introduced in 6.11 have been driven by an ongoing dialogue with our Diffusion community. It’s important for us to understand the evolving requirements of our clients and address those when introducing improvements to our framework. The enhancements reflect some of the daily challenges faced by developers and are intended to improve operational productivity.   The feedback from our amazing customers continues to fuel our innovations in real-time data.”

Murex Completes MX.3 Implementation for Collateral Management and SIMM at Mediobanca

Murex, the provider of trading, risk, and processing solutions for capital markets, has successfully implemented its MX.3 platform for collateral management and Standard Initial Margin Model (SIMM) at Mediobanca. The Milan-based bank aimed to enhance operational efficiency, streamline processes, and optimise capital usage through this go-live. The implementation integrates Mediobanca’s front-to-back operations, including accounting and payments, onto a single system.

The expanded collateral management scope now covers OTC, cleared and listed derivatives, repos, and securities, while the SIMM solution offers real-time connectivity for processing variation margins and advanced back-testing. The successful collaboration between Murex and Mediobanca has resulted in a more integrated IT architecture and improved reporting capabilities, supporting the bank’s strategic objectives.

TS Imagine Unveils Platform 3.0

TS Imagine, the trading, portfolio, and risk management solutions provider, has launched Platform 3.0, a comprehensive upgrade developed over three years of research, development, and investment. This new platform represents a significant modernisation of TS Imagine’s offerings, designed to position its users at the forefront of innovation in global capital markets. Platform 3.0 integrates a wide range of enhancements, including advanced data analytics, artificial intelligence, and automation tools, providing users with real-time, intraday insights and optimised workflows.

Key features include an expanded cross-asset class liquidity network with over 300 endpoints, immediate access to all asset classes for new users, and a significant reduction in total cost of ownership, especially in fixed income trading. The platform utilises AI-driven automation to convert unstructured data into machine-learning-ready structured data, streamlining decision-making processes and automating compliance tasks. Additionally, the new AutoRoute tool improves order flow management by automatically routing orders, assigning brokers and traders, and enhancing operational efficiency.

Platform 3.0 also broadens data coverage to over 20 million financial instruments, allowing users to diversify their trading strategies. Enhanced risk management capabilities, including tools like RiskSmart+ and a comprehensive margin calculator, enable users to handle margin calls and mitigate market risks effectively. With a modular design, Platform 3.0 is tailored to meet the needs of both small and large investment firms, providing scalable, customisable solutions that help firms grow and adapt to evolving market conditions.

ICE Subsidiary IBA Partners with Space Intelligence to Launch Commodity Traceability Platform

ICE Benchmark Administration Limited (IBA), a subsidiary of Intercontinental Exchange, Inc., is collaborating with Space Intelligence, a nature mapping data provider, to introduce the ICE Commodity Traceability Service (ICE CoT). This is a new technology platform designed to streamline the trade of physical cocoa and coffee by automating the submission, storage, validation, and sharing of due diligence information required under the European Union’s Deforestation Regulation (EUDR). The EUDR aims to minimise the EU’s contribution to global deforestation by ensuring that specified goods entering or sold in the EU are “deforestation-free” and lawfully produced. Given that Europe is the largest market for cocoa and coffee globally, the regulation has significant implications for supply chains.

The partnership will see Space Intelligence’s geospatial mapping integrated into ICE CoT, identifying areas in cocoa and coffee-producing countries that have been deforested since December 31, 2020, and are ineligible for EUDR-compliant production. This data will be combined with ICE CoT’s farm and physical flow validation methods, leveraging geolocation and traceability information to support compliance across the supply chain.

The platform’s pilot phase began in June 2024, focusing on the validation of cocoa and coffee farm geolocation data to allow companies to upload farm plot coordinates and conduct a series of validation checks on the data. IBA also plans to pilot the validation of physical flow data, including the movement, merging, or splitting of cocoa and coffee parcels along the supply chain, alongside lawful production data.

IBA aims to launch ICE CoT by the end of 2024, subject to further testing, system and data availability, and any regulatory requirements.

CJC Achieves ISO 27001:2022 Certification Upgrade

Crown Jewels Consultant Ltd (CJC), the market data professional services and commercial management provider, has upgraded its ISO 27001 certification to the latest 2022 standard, underscoring the company’s ongoing commitment to upholding the highest information security standards and compliance with international protocols. The updated ISO 27001:2022 certification reflects a more rigorous approach to managing sensitive information, as confirmed through a comprehensive external audit of CJC’s security practices, policies, and procedures.

The certification upgrade aligns with the forthcoming EU Digital Operational Resilience Act (DORA) and supports CJC’s cybersecurity initiatives, including achieving Cyber Essentials Certification in March. Key improvements in the 2022 standard include enhanced cybersecurity practices, strengthened data privacy, increased resilience to cyberattacks, and greater consumer confidence through robust protection of confidentiality, integrity, and availability.

Johannesburg Stock Exchange Expands Colo 2.0 Service with Beeks and IPC Support

The Johannesburg Stock Exchange (JSE) is advancing its Colo 2.0 service through an extended collaboration with Beeks Group and IPC. In response to rising demand for dual-location disaster recovery solutions, Beeks’ Exchange Cloud service has now been deployed at Teraco’s secondary data centre, aiming to strengthen the JSE’s resilience, ensuring robust infrastructure for the future.

The Colo 2.0 service, launched in September 2023, has quickly become a vital component of the JSE’s operations, offering private cloud computing and low-latency analytics. The strong adoption of this service led to the need for a secondary solution to support growth and disaster recovery. The expansion at Teraco reflects the successful partnership between the JSE, Beeks, and IPC, highlighting a shared commitment to future-proofing financial market infrastructure. The collaboration aims to extend these cloud-based solutions to other exchanges globally.

Baton Systems Launches Advanced Treasury Management Tools for Real-Time Intraday Liquidity Optimisation

Baton Systems, the global capital markets technology provider, has introduced new treasury management tools designed to enhance intraday liquidity management, reduce buffers, and mitigate real-time risk. The tools are designed to help firms to lower financing costs, address increasing regulatory scrutiny, and better navigate volatile market conditions.

Baton’s latest offering provides treasury managers with a real-time dashboard that offers comprehensive insights into liquidity sources across all business lines, enabling improved decision-making and strategy adjustments. By integrating real-time data with historical models, the solution helps predict liquidity demands, optimise payment sequencing, and detect market or counterparty risks. Additionally, stress testing capabilities allow firms to assess liquidity resilience under various scenarios. The new tools are seamlessly integrated with Baton’s Core-Payments platform.

QUODD Partners with Infosel to Enhance Market Data Solutions in Latin America

On-demand market data provider QUODD has partnered with Latin American investment intelligence fintech Infosel, to integrate QUODD’s QX Marketplace content into Infosel’s market data platform, enhancing the analytics and insights available to financial institutions across Mexico and Latin America.

Infosel now leverages QUODD’s comprehensive market data to support banks, investment advisors, and traders through both its platform and customisable white-label solutions. QUODD’s extensive market data includes global equities, fixed income, indices, and mutual fund pricing, while Infosel delivers financial analytics and insights. The collaboration aims to strengthen both companies’ positions in the region’s financial technology landscape.

Eventus Partners with ANCORD to Offer Validus Trade Surveillance Platform to Brazilian Brokers

Eventus, the trade surveillance and financial risk solutions vendor, has entered a partnership with ANCORD, Brazil’s National Association of Securities, Foreign Exchange and Commodities Brokers and Dealers. Through the collaboration, Eventus’ Validus platform will be accessible to ANCORD members, enabling them to implement a comprehensive trade surveillance solution tailored to their specific needs.

The partnership follows BSM’s recent mandate requiring Brazilian brokerages to independently monitor trading activities to detect regulatory infractions such as insider trading and spoofing. Validus offers extensive automation and adaptability to meet these new guidelines and cope with regulatory changes and data surges.

Eventus CEO Travis Schwab commented: “Brazil has long been focused on protecting investors and ensuring that firms prevent, detect and root out bad behaviour. Our Validus platform is proven in many of the most demanding trading environments globally, and brokers in Brazil can now tap into our expertise and high-performance technology to not only meet regulatory requirements but bring significant efficiencies to their compliance programs.”

Eventus boasts a client retention rate close to 100% and serves a diverse range of clients globally, including Tier 1 banks, brokers, and regulatory bodies.

S&P Global and Accenture Collaborate to Advance GenAI in Financial Services

S&P Global and Accenture have announced a strategic collaboration to drive generative AI (GenAI) innovation within the financial services sector. Central to this partnership is a comprehensive gen AI learning program, set to launch in August, aimed at equipping S&P Global’s 35,000 employees with essential AI skills. The program will utilise Accenture LearnVantage services, offering tailored content to enhance AI fluency across the workforce and meet the industry’s evolving talent needs.

In addition to the learning initiative, the collaboration will enhance AI development and benchmarking within the financial services industry. By integrating Accenture’s Foundation Model Services with S&P AI Benchmarks by Kensho, the partnership will provide financial firms with advanced tools to manage, scale, and evaluate large language models (LLMs). This initiative will allow banks, insurers, and capital markets firms to improve their AI solutions’ performance and efficacy, while maintaining responsible AI practices.