Wedbush Selects Broadridge as Strategic Technology Partner to Drive Platform Transformation

Broadridge Financial Solutions, Inc. has been chosen by Wedbush as its strategic technology platform provider to support the firm’s operational transformation and business growth. The partnership will enable Wedbush to expand into new asset classes, enhance client and advisor experiences, and strengthen its position in the evolving wealth, clearing and fintech sectors.

Following a detailed evaluation, Wedbush will adopt Broadridge’s trading and post-trade systems, workflow automation, corporate actions, regulatory reporting, and tax services. The integration is designed to fuel digital innovation, attract talent, and improve client engagement. Key features include a unified data layer, standardised APIs, real-time notifications, AI-driven insights, and support for emerging assets such as digital currencies and fractional shares.

The collaboration reflects Broadridge’s continued focus on enabling financial institutions to simplify complexity, scale operations, and accelerate digital transformation while supporting innovation across the wealth management industry.

Gemini Space Station Files for IPO on Nasdaq Under Ticker “GEMI”

Gemini Space Station, Inc., the global crypto platform, has announced the launch of its initial public offering (IPO) of 16,666,667 shares of Class A common stock. The company has filed a registration statement with the U.S. Securities and Exchange Commission (SEC). The offering price is expected to be between $17.00 and $19.00 per share, with Gemini and selling stockholders granting underwriters a 30-day option to purchase up to an additional 2,396,348 and 103,652 shares, respectively, to cover over-allotments.

Gemini has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “GEMI.” The offering will be led by Goldman Sachs & Co. LLC and Citigroup, with Morgan Stanley and Cantor also serving as lead bookrunners. Additional bookrunners and co-managers include Evercore ISI, Mizuho, Truist Securities, and several others. The proposed offering remains subject to market conditions and SEC approval.

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.

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.

Archax Secures Strategic Investment from Stellar Development Foundation to Advance RWA Tokenisation

Archax, the UK-regulated digital asset exchange, broker and custodian, has formed a strategic partnership with the Stellar Development Foundation (SDF), which includes a direct investment from SDF. The collaboration aims to strengthen Archax’s mission of bridging traditional finance with blockchain, leveraging Stellar’s layer-one network to expand tokenisation opportunities.

Archax has already integrated Stellar into its tokenisation engine and platform, recently completing projects such as tokenising an Aberdeen Money Market Fund. Through its established network of financial institutions, Archax plans to introduce more tokenised real-world assets (RWAs) onto the Stellar blockchain.

The partnership comes amid rapid growth in the tokenisation market, which has risen from $15.2 billion in December 2024 to over $24 billion by June 2025. Archax is also working with Lloyds Bank and Aberdeen Asset Management to enable tokenised money-market funds to be used as collateral for FX trades through its Nest collateral transfer network.

CITGO Petroleum Implements Behavox Platform for Regulatory Archiving and Communications Surveillance

Behavox, the AI-powered communications surveillance provider, has announced that CITGO Petroleum Corporation has gone live with its platform for Regulatory Archiving and Communications Surveillance. CITGO, a major U.S.-based oil refiner, adopted the solution to strengthen its compliance programme and address evolving regulatory risks.

With the new platform, CITGO gains access to AI-driven risk policies, high-quality alerts, and advanced testing tools aimed at improving both protection and operational efficiency. Behavox deployed a dedicated implementation team to ensure rapid onboarding while minimising the workload for CITGO’s staff.

The launch highlights Behavox’s growing presence in the energy and commodities sector, where more organisations are seeking intelligent, scalable solutions to meet complex compliance requirements and operational challenges.