EuroCTP Selects BMLL to Provide Data Quality Calibration for EU Consolidated Tape Initiative

BMLL, the provider of historical data and analytics, has been selected to support EuroCTP as part of the European Union’s Consolidated Tape initiative for equities. The collaboration will focus on ensuring the high quality of data provided by the service.

The partnership will allow EuroCTP to validate its data quality control designs and calibrate the necessary thresholds and parameters before its potential launch. BMLL’s data scientists and analytics tools will help EuroCTP overcome the historical data challenges often associated with launching a new data product.

BMLL will provide EuroCTP with access to its data sets, which cover more than 100 trading venues. The company will also share its expertise to support EuroCTP in its goal of delivering a fully mature product by mid-2026.

Avelacom and A-Field Tech Partner on Integrated Low Latency Solutions for APAC Trading Firms

Avelacom, the low latency network solutions provider, and A-Field Tech, the low-latency computing and cloud networking provider, have announced a strategic partnership, aiming to deliver fully integrated network and computing solutions to proprietary trading firms in the Asia-Pacific region, particularly those trading crypto.

By combining Avelacom’s optimised fibre and microwave networks with A-Field Tech’s edge computing nodes and cloud expertise, the partnership promises to reduce latency and to speed up data processing, factors critical for algorithmic trading in crypto markets.

LSEG Launches First Phase of AI-Ready Content via MCP Server on Databricks Marketplace

LSEG has launchedthe first phase of its AI-ready content on the Databricks Marketplace, delivered via its MCP Server. This milestone in the LSEG and Databricks partnership allows customers using Databricks’ AI product, Agent Bricks, to access LSEG’s financial datasets directly. This integration is designed to enable faster and more scalable AI innovation.

The content rollout begins with LSEG Financial Analytics, which follows the September addition of LSEG’s Lipper Fund Data & Analytics and Historical Analytics. This initiative is part of LSEG’s broader ‘LSEG Everywhere’ AI strategy. LSEG’s AI-ready content totals more than 33 petabytes and aims to improve productivity and reduce risk by providing consistent, traceable, and audit-ready data.

The available datasets include Lipper Fund Data & Analytics, providing structured global fund information to help professionals enhance fund selection, benchmark performance, and optimise investment strategies. Historical Analytics delivers decades of time-series market data essential for back-testing, model training, and long-term market pattern analysis.

LSEG and Nasdaq Announce Strategic Partnership to Distribute Private Markets Intelligence

LSEG and Nasdaq have formed a strategic partnership for LSEG to distribute Nasdaq’s institutional-grade private markets intelligence through its Workspace and Datafeeds platforms. Under the agreement, LSEG will license Nasdaq eVestment datasets, which include Market Lens insights, hedge fund insights, Limited Partner (LP) intelligence, and limited exclusive distribution of private fund and deal-level benchmarks.

The collaboration combines LSEG’s editorial and transactional data on private companies with Nasdaq’s fund performance and LP insights. This creates a comprehensive solution intended to help General Partners (GPs), LPs, and advisors streamline critical workflows, from investment targeting and deal execution to fundraising and portfolio optimisation.

This partnership reinforces LSEG’s commitment to private markets, following its launch of the UK’s first Private Securities Market in September 2025. For Nasdaq, the agreement supports its strategy to embed greater transparency and liquidity into the private investment landscape, enabling more informed decision-making.

TRG Screen Launches Xmon AI Assist for Conversational Market Data Cost Analytics

TRG Screen has launched Xmon AI Assist, a new capability bringing conversational analytics to market data cost management. The tool is designed to provide financial institutions with deeper insight, faster analysis, and proactive cost optimisation. It enhances the existing Xmon platform by adding a natural language interface, allowing users to ask direct questions about their data and receive immediate, contextual answers.

The system helps market data teams identify cost drivers, analyse usage patterns, and find savings opportunities without needing technical data specialists. Developed using a secure Retrieval-Augmented Generation (RAG) framework, Xmon AI Assist combines large language models with a client’s specific Xmon analytics, ensuring data privacy while delivering accurate responses.

This launch is part of TRG Screen’s broader AI roadmap, following the recent introduction of AI Assist in its PEAR knowledge base. The Xmon AI Assist feature is available immediately to all Xmon clients at no additional cost and requires no onboarding.

FINBOURNE Technology Expands LSEG Partnership to Integrate Yield Book Analytics into LUSID Platform

FINBOURNE Technology and the London Stock Exchange Group (LSEG) are expanding their strategic partnership to integrate LSEG’s Yield Book fixed-income data and analytics into FINBOURNE’s LUSID platform. The move builds upon LSEG’s 2021 adoption of LUSID and its subsequent strategic investment in FINBOURNE.

The integration will allow asset managers to access Yield Book’s analytics for government and corporate bonds, mortgages, derivatives, and other securities. This enables them to perform complex prepayment modelling, loss severity modelling, and other fixed-income analytics in real time, directly within their LUSID portfolio management system.

The integration is set to launch in the second quarter of 2026, and the first client is already scheduled to go live.

tZERO Launches tZERO Connect to Offer API Access to Regulated Digital Asset Infrastructure

tZERO Group, Inc. has launched tZERO Connect, a new initiative providing institutions and fintech partners with direct, programmable API access. This connects partners to tZERO’s regulated infrastructure for digital securities and tokenised real-world assets (RWAs), supporting the firm’s B2B and B2B2C strategic priorities.

The initiative unifies tZERO’s API suite and global partnership network, enabling banks, broker-dealers, and fintech platforms to embed tokenised asset functions directly into their existing environments. Key features include Tokenisation and Issuance APIs, which are now live, alongside Data APIs and white-label partner integrations.

tZERO Connect is built on the company’s SEC- and FINRA-regulated broker-dealer and ATS. Secondary Trading APIs are planned for release in late 2025 or early 2026. The programme also supports a “follow-the-sun” global model, collaborating with partners like Alphaledger, Archax, and Lynq to expand access to compliant tokenised markets.

Tokenovate Launches Novat Protocol to Streamline Tokenised Asset Settlement

UK fintech Tokenovate has launched the Novat, a new programmable settlement protocol for tokenised assets. The solution is designed to streamline post-trade operations, unlock liquidity, and reduce systemic risk in global capital markets. It addresses the fragmentation and reconciliation delays common in legacy workflows, which are under increasing pressure from the shift to T+1 settlement timelines.

The Novat Protocol tokenises the act of settlement itself, enabling the synchronised movement of assets and cash with automation and legal finality. By combining programmability with standardisation, the protocol aligns data, logic, and the legal record within one layer. This facilitates instant, atomic, and legally final settlement without altering existing custodial arrangements or market infrastructure.

The protocol is powered by the FINOS Common Domain Model (CDM), an industry data standard. This ensures that all on-chain actions reflect clearly defined contractual obligations, transforming market standards into executable logic for deterministic and transparent settlement.

GDF Report Assesses Legal Certainty of Tokenised Money Market Funds in UK, Ireland, and Luxembourg

Global Digital Finance (GDF) has announced findings from a working group report assessing the legal certainty and collateral mobility of Tokenised Money Market Funds (TMMFs) in Luxembourg, Ireland, and the UK. These jurisdictions are critical as Ireland and Luxembourg host over 80% of Europe’s MMFs. The working group included over 70 firms, such as JP Morgan, Blackrock, Lloyds Banking Group, and LSEG.

The report found relative legal certainty for TMMFs in Luxembourg due to existing statutory frameworks. The UK also demonstrated a low degree of legal uncertainty regarding the ownership and rights of digitally native TMMFs, with further clarity anticipated from the Property (Digital Assets etc.) Bill.

In contrast, Ireland currently lacks express statutory authority for tokenised shares. The report concluded that while Irish courts would likely treat TMMFs similarly to traditional shares by analogy, this certainty is not yet directly established in law. As part of the work, 30 firms also participated in the GDF Industry Sandbox, powered by Ownera, to prove the production use case for TMMF collateral mobility.

Exegy Expands Axiom Market Data Platform to Include TMX Canadian Equity Feeds

Exegy has expanded its Axiom market data-as-a-service solution to include real-time, low-latency Canadian equity data. This data is sourced via the TMX Information Processor (TMX IP). The integration allows global clients to access key Canadian feeds, such as the Canadian Best Bid and Offer (CBBO), Consolidated Data Feed (CDF), and Consolidated Last Sale (CLS).

Clients can access the TMX feeds through their existing cross-connects to Exegy’s New York point of presence. This removes the need for firms to build or maintain separate, dedicated infrastructure or co-location facilities in Canada. The expansion is intended to streamline operations, reduce data centre footprints, and accelerate time-to-market for trading firms.

Driven by client demand, the service allows firms to subscribe to one, two, or all three of the available feeds. This expansion follows the June 2025 launch of Exegy Nexus, a separate FPGA-powered market data platform.