Purple Group Launches Fintech Infrastructure Platform Hello Purple

Purple Group has launched Hello Purple, a fintech infrastructure platform designed to simplify the development and launch of financial products by providing access to technology and regulated financial capabilities.

Built on infrastructure developed across Purple Group’s existing fintech businesses, the platform brings together services spanning payments, trading and embedded finance. It targets entrepreneurs, developers and companies that would otherwise need to integrate multiple technology and payments providers and navigate potentially lengthy regulatory processes.

The platform is intended to give users access to financial infrastructure and capabilities that have traditionally required significant investment and specialist expertise, potentially reducing the barriers to bringing new fintech products to market. Alongside the infrastructure platform, Hello Purple will publish research into agentic finance, including testing of development tools, case studies of products built using the platform and analysis of the emerging ecosystem.

SOLVE Expands Fixed Income Data and Trading Workflow Tools

SOLVE has introduced a series of enhancements to its fixed income platform, spanning TRACE market data, structured credit workflows and relative value analytics. The new TRACE Data Product Suite brings reported trade activity into SOLVE’s MBS Source workflow alongside collateral characteristics, historical offers, BWIC results and other security-level information. Coverage includes agency and non-agency MBS and CMOs, ABS and CMBS.

SOLVE has also enhanced its BWIC Monitor to help structured credit desks manage multiple live bid processes. New features include shared security-level statuses, change tracking and inline notes, combined with dealer inventory, historical quotes and predictive pricing.

Further enhancements to SOLVE’s Relative Value Analysis provide persistent access to user-created and SOLVE-provided analyses within its Quotes platform. Users can also filter dealer axe indications by timeframe, side and source. The updates are designed to connect fixed income data, analytics and trading workflows more closely and reduce the need to move between systems.

FutureSports and MLB Pave Way for Team Performance Futures

FutureSports has agreed with Major League Baseball (MLB) to create rules-based financial indexes tracking the performance of each of the league’s 30 teams, potentially providing the basis for a new class of sports-related derivatives. Under the agreement, MLB will supply Official League Data for the creation of CME FutureSports Performance Indexes (FSPI). CME Group plans to list weekly, monthly and quarterly cash-settled futures based on the benchmarks, subject to regulatory review.

The play-by-play indexes will measure teams’ cumulative performance and are intended to provide instruments for both investment and hedging, including management of financial exposures linked to the business of professional baseball. FutureSports will independently determine, calculate and govern the indexes using transparent, rules-based methodologies. MLB will have no role in those processes.

FutureSports has previously developed similar indexes based on NHL team performance, with CME planning futures contracts linked to those benchmarks.

ProCredit Selects Teciem’s Kondor Up for Group-Wide Treasury Operations

ProCredit group has selected Teciem’s Kondor Up treasury platform to support funding, liquidity management, trading and risk processes across its international banking network.

The group operates ten development-focused commercial banks in South Eastern and Eastern Europe. ProCredit Holding also oversees capital adequacy, regulatory reporting and risk management across the network.

Kondor Up will provide front-to-back treasury capabilities through a cloud-native operating model. ProCredit plans to deploy the platform across the group while adapting it to country-specific operating and regulatory requirements.

The implementation is intended to increase automation and give ProCredit the flexibility to introduce products across its banking operations. The release does not specify which treasury processes the group will automate first.

“The platform’s front-to-back treasury capabilities will help us drive greater automation across our operations while providing flexibility to support new products, broaden our offering and underpin our future growth ambitions,” said Christian Dagrosa, management board member and chief financial officer at ProCredit Holding.

Kondor Up builds on the existing Kondor treasury and risk management system. Teciem said the new version combines that functionality with a cloud architecture designed to support faster implementation, scalability and continuing software updates.

The platform will operate in a single-tenant environment and use Kubernetes-based infrastructure. Teciem said this approach supports data segregation, resilience and scalability.

Bank of Canada Selects CanDeal DNA for Fixed Income Pricing

The Bank of Canada has selected CanDeal Data & Analytics (DNA) to provide Canadian dollar-denominated fixed income pricing under a multi-year agreement. The central bank will use CanDeal DNA Reference Pricing across operational activities, market analysis, research, policy development and risk management. The agreement also allows Government of Canada benchmark bond yields derived from CanDeal DNA data to be published on the Bank of Canada website.

The pricing data will support the Bank’s monetary policy, financial system and funds management functions, including its use of the Canadian Collateral Management Service (CCMS).

The Bank’s participation in the CCMS tri-party service is intended to improve the efficiency and scalability of collateral management and liquidity provision, particularly during periods of market-wide stress. CanDeal DNA provides Canadian OTC market data and said the agreement gives the Bank access to its full universe of reference pricing.

IEX Launches Revenue-Sharing Programme for Market Data Vendors

IEX has launched a vendor partnership programme offering revenue-sharing incentives to firms that help distribute its direct US equities market data. Under the programme, participating market data, connectivity, infrastructure and application providers will be eligible for incentives linked to qualifying new client subscriptions to IEX data products. Eligible feeds include IEX TOPS, IEX DEEP and IEX DEEP+.

The initiative is designed to encourage vendors to support direct IEX feeds by providing more attractive and predictable commercial incentives, while making its data easier for market participants to discover, access and integrate.

IEX accounted for approximately 4% of overall US equity trading volume and nearly 8% of exchange-traded volume during the second quarter of 2026.

Tokenovate Executes CDM-Native Intraday Repo on Canton Network

Tokenovate has executed and settled an intraday repo transaction on the Canton Network using the FINOS Common Domain Model (CDM), with the cash leg settled in Circle-issued USDC expressed as USDCx Reserve on Canton.

The transaction used CDM-native event and state management across the full repo lifecycle, covering trade representation, lifecycle processing, collateral movements and coordinated settlement of both legs. Conducted in a controlled environment, the workflow was aligned with established repo market documentation.

Tokenovate said the combination of CDM, tokenised cash and distributed ledger infrastructure could enable faster collateral mobility, intraday liquidity management and more automated settlement while maintaining standardised workflows across traditional and digital infrastructure.

The company has also joined the Canton Foundation as a General Member, giving it a role in the governance and development of the network as it expands its programmable post-trade infrastructure across repo, collateral, derivatives and securities markets.

S&P Global Leads Investment in Kaiko as Series B Reaches $110 Million

S&P Global has led a strategic investment in digital asset data provider Kaiko, extending the company’s Series B funding to $110 million as it expands its data infrastructure for tokenised markets. The round also includes BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar and Susquehanna Private Equity Investments.

Participating institutions will join a Kaiko-chaired Strategic Industry Working Group focused on shaping data and infrastructure for bringing tokenised financial products into production.

Kaiko provides institutional market data covering more than 150 digital asset exchanges and protocols. It is extending this into onchain capital markets, including delivering market data to smart contracts and standardising onchain activity for off-chain consumption.

The investment follows Kaiko’s acquisitions of DeFi infrastructure provider Cometh and digital asset data specialist Amberdata, alongside the recent launch of digital asset indices with S&P.

smartTrade Extends into Post-Trade with Multi-Asset Flow Platform

smartTrade Technologies has launched smartTrade Flow, a multi-asset post-trade platform covering processes from matching and reconciliation through to settlement, accounting, regulatory reporting and audit.

The standalone platform connects to existing trading systems through APIs and integrates natively with smartTrade’s LiquidityFX and Commercial Banking & Payments products. It supports FX, precious metals, money markets, fixed income, crypto and derivatives.

Flow is designed to automate post-trade processes that continue to rely on batch processing, spreadsheets and manual intervention. Capabilities include real-time trade and cash-flow reconciliation against external data through SWIFT, CLS and APIs, alongside real-time tracking of balances, positions, limits and P&L.

The platform also provides configurable settlement workflows and automated regulatory reporting, including EMIR, MiFID II and DTCC formats, while allowing entitled business users to configure matching rules, reconciliation processes and maker-checker requirements without developer intervention.

LDA Launches Configurable Low-Latency Platforms for Trading and AI Workloads

LDA Technologies has launched two configurable hardware platforms designed to help capital markets firms scale low-latency connectivity and compute capacity while reducing infrastructure footprint.

OmniX combines FPGA-powered networking, Layer 1 connectivity and hot-pluggable storage within a 1RU platform, allowing firms to tap, timestamp and record data within a single device. Configurations can incorporate LDA’s Maze Layer 1 fabric, supporting connectivity from 10G to 25G, or its lower-latency Neo fabric.

Torus targets compute-intensive trading, high-performance computing and AI workloads, supporting eight-board configurations across expandable 1RU and 2RU deployments. Maze can also provide a configurable Layer 1 mesh connecting components within the chassis at latency of 3.6 to 4.2 nanoseconds.

The platforms are designed to allow firms to scale connectivity and processing without continually adding separate appliances, external switches and cabling, while supporting custom configurations based on individual workloads.