Datamaran ESG Regulation Monitoring Software Up and Running

Datamaran has created standalone regulatory monitoring software that combines artificial intelligence with expert-curated intelligence to track ESG regulations globally.

The platform provides continuous monitoring and automated alerts to help companies identify relevant legislative developments and coordinate responses across internal teams.

Marjella Lecourt-Alma, chief executive and co-founder of the AI-powered risk and governance provider, said that the product “gives leaders the clarity, foresight, and structure they need to move from reactive compliance to proactive governance by delivering relevant and timely AI-powered insights within a structured workflow”.

The system includes visual dashboards and applicability indicators to provide early warning signals from the policy proposal stage through to rule implementation.

CUSIP Enables Direct Requests for Carbon Market Identifiers

CUSIP Global Services has rolled out a direct request mechanism for voluntary carbon market (VCM) registries to obtain identifiers.

EcoRegistry is the first platform to integrate this process, linking listed carbon projects to the specific alphanumeric codes that CSG provides. This initiative follows a partnership with BeZero Carbon to establish unique identifiers aimed at improving the traceability of environmental assets.

CGS EMEA regional head Darren Purcell said the foundation of every financial transaction is the ability to accurately and instantly identify the underlying asset and its core structure.

“By incorporating VCM CUSIPs into the core registration workflow, EcoRegistry is helping to set a new standard for transparency and institutional rigour in the VCM ecosystem,” Purcell said.

The system uses a nine-character format to capture unique attributes of carbon credit initiatives throughout their lifecycles.

DTCC to Launch Next-Generation Equities Data Portals Powered by Snowflake

The Depository Trust & Clearing Corporation (DTCC) has announced the upcoming launch of new equities data portals designed to streamline access to clearing, settlement, and post-trade processing information. Built on Snowflake’s AI Data Cloud platform, these portals will provide a unified interface for data from the National Securities Clearing Corporation (NSCC), the Depository Trust Corporation (DTC), and DTCC’s Institutional Trade Processing (ITP) suite.

The new infrastructure offers advanced analytics, interactive dashboards, and customisable visualisations to help firms monitor operational efficiency and industry benchmarks. Key features include the ability to drill down from high-level metrics into specific trade-level details, consolidated historical data across services, and flexible tools for bespoke queries. These enhancements aim to provide greater transparency into settlement rates and outstanding exceptions.

Currently undergoing beta testing with early-adopter firms, the Securities Data Experiences portal is scheduled for release in Q1 2026. This will be followed by the rollout of the redesigned ITP Analytics portal in Q2 2026. The initiative reflects DTCC’s strategy to modernise market infrastructure by delivering more intuitive, data-driven insights to its global client base.

Major Global Banks Commit to Strategic Equity Investment in OSTTRA

OSTTRA, the post-trade solutions provider, has secured a strategic equity investment from a consortium of six major financial institutions: Bank of America, Barclays, Citi, HSBC, UBS Investment Bank, and Wells Fargo. While the banks have committed to this joint investment, funds managed by KKR will retain majority ownership of the company.

The agreement follows OSTTRA’s transition to independence under KKR in October. The partnership aims to align the company’s product roadmap with evolving industry requirements, supporting expansion into new markets and asset classes. By collaborating closely with these long-standing clients, OSTTRA intends to develop a more unified and resilient post-trade ecosystem for over-the-counter and listed derivatives.

Currently, OSTTRA’s networks process millions of transactions daily, providing the infrastructure for banks and asset managers to manage workflows and reduce operational risk. This investment marks a significant milestone in the firm’s growth strategy, focusing on the continued modernisation of global capital markets infrastructure.

ION Group Registered as Independent Software Vendor for BSE Equity Derivatives

ION has secured registration as an Independent Software Vendor (ISV) with BSE (formerly Bombay Stock Exchange) for its equity derivatives segment. This milestone follows official certification of ION’s Fidessa trading platform, which has been verified as fully compliant with all exchange rules and regulatory standards. The approval allows exchange members to utilise Fidessa for futures and options (F&O) trading, including Direct Market Access (DMA).

Through this integration, market participants can access over 20 advanced algorithmic trading strategies tailored to optimise execution within the Indian market. This supplements ION’s existing approvals for equities and algorithmic trading on the BSE, which is Asia’s oldest stock exchange with more than 5,700 listed companies.

The move ensures ION now provides comprehensive coverage across India’s primary trading venues. This includes both equity and derivative segments on the BSE and the National Stock Exchange of India (NSE). By consolidating its service offering across these major exchanges, ION strengthens its role as a technology partner for financial institutions and corporates operating within the Indian capital market ecosystem.

Cicada Secures US$13.5 Million Series A Funding to Digitalise Latin American Bond Markets

Cicada, the US-regulated electronic trading platform, has raised US$13.5 million in a Series A funding round led by Citi. The investment includes participation from B3 (the Brazilian Stock Exchange) via its venture capital arm L4, alongside Kaszek, Dila, and Crestone. A parallel strategic equity program has also been established to attract leading Wall Street institutions as committed market makers, aiming to anchor liquidity and accelerate the platform’s growth.

The investment will focus on bringing efficiency to Latin American local-currency bond markets, which currently rely heavily on voice-driven trading. In Mexico’s US$500 billion fixed income market, more than 98% of daily trading remains non-electronic. Cicada will address this through its SEC-registered alternative trading system (ATS), which provides an all-to-all marketplace and proprietary execution protocols, including one of the first central limit order books (CLOB) for Mexican local-currency bonds.

This new capital will be used to expand commercial operations, increase liquidity, and integrate with third-party global platforms. Cicada also plans to extend its product range into electronic interest rate swap execution, specifically targeting the Mexican TIIE market. This sector currently sees average daily trading volumes of approximately US$24 billion and represents a significant area for continued digital transformation in regional finance.

Trading Technologies to Launch Direct Connectivity to National Stock Exchange of India

Trading Technologies International, Inc. (TT) plans to provide clients with direct connectivity to the National Stock Exchange of India (NSE) in 2026. This initiative follows a rise in demand from both domestic and international institutional clients seeking access to Indian markets. As an officially empaneled vendor of the NSE, TT has formalised an agreement to establish a direct presence within the exchange’s co-location data centre.

The integration will allow market participants to access the NSE through TT’s existing platform, which processed over 3 billion derivatives transactions in 2025. Users will be able to utilise the full suite of TT’s institutional-grade tools, including execution algorithms, automated spreading, and advanced charting. This move further expands the platform’s multi-asset capabilities, building on its recent recognition as a leading global provider of futures and options technology.

FINBOURNE Technology and Alkymi Partner to Launch Private Credit Risk Monitoring Solution

FINBOURNE Technology and Alkymi have formed a strategic partnership to provide an integrated credit risk monitoring solution specifically for the private credit industry. The collaboration combines Alkymi’s AI-powered document ingestion platform with FINBOURNE’s data management and analytics capabilities. The solution aims to help asset managers, lenders, and asset owners proactively identify emerging risks and improve operational control across complex portfolios.

The partnership addresses the limitations of traditional, manual credit monitoring, which often fails to detect issues until a covenant breach or default occurs. By automating the processing of borrower documents and financial data, the system allows for the early detection of deteriorating credit quality. Alkymi’s technology automates document verification and compliance tracking, while FINBOURNE provides a unified data environment that ensures bi-temporal accuracy and eliminates the need for manual reconciliation across front, middle, and back-office functions.

This integrated approach creates a single source of truth for investment operations, offering full auditability and flexible data models to support diverse credit structures. By streamlining the flow of financial metrics and covenant monitoring, the joint solution enhances transparency and enables more informed decision-making for private credit exposures.

Steubing AG Selects xyt as Next-Generation Transaction Cost Analysis Provider

Steubing AG, the German independent securities trading bank, has appointed capital markets data analytics firm xyt to provide its next-generation Transaction Cost Analysis (TCA). The decision follows a comprehensive evaluation and successful proof of concept, where xyt was chosen for its data quality regarding addressable volume and its ability to provide flexible benchmarking.

Under the new partnership, Steubing AG will integrate xyt’s analytics across its diverse trading activities, covering bonds, certificates, warrants, and listed stocks. The platform will provide pre-trade cost estimates for single stocks and portfolio baskets via API, alongside customised TCA reporting for institutional clients. This integration is designed to support the bank’s Integrated Orderflow Management (IOM) and Designated Sponsoring services.

By adopting xyt for TCA, Steubing AG aims to improve execution quality analysis and market impact measurement, and deliver higher levels of transparency to its institutional client base through more precise data insights and professional customer service.

Study Prompts TRG Screen Data Spend ROI Calculator

Data subscription management technology provider TRG Screen has released an interactive tool to model cost savings and efficiency gains.

The innovation builds on the findings of a study by research firm Hobson & Company that found firms that adopt purpose-built market data management technology saw triple-digit ROI, and reduced market data spend by an average of 10% and reference data spend by 25%.

Based on those findings, TRG Screen built its interactive ROI calculator, enabling firms to study their own data spend and identify where savings can be made.

“”This independent research validates what we see across our client base every day,” said TRG Screen chief customer strategy officer Nadine Scott. “When firms gain end-to-end visibility and control, the impact shows up quickly in reduced spend, reclaimed time and lower risk.”