Canoe Intelligence Launches Canoe Labs to Advance AI-Driven Alternatives Workflows

Canoe Intelligence has announced the launch of Canoe Labs, a dedicated incubator designed to develop next-generation workflows for the alternatives industry. The platform provides investment and operations professionals with early access to emerging AI capabilities, refining them in real-time through direct user engagement.

At launch, Canoe Labs introduces two core features: AI-powered document summarisation, which condenses lengthy fund documents and synthesises insights across multiple reports, and real-time language translation, enabling accurate processing of global investment materials without delays or misinterpretation. Both tools are designed with alts-specific terminology in mind, offering greater accuracy than generic AI solutions.

Canoe Labs is built on Canoe AI, the company’s proprietary architecture trained over 12 years exclusively on alternative investment documents.

Bybit Adopts Nasdaq’s Market Surveillance to Strengthen EU Compliance

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is adopting Nasdaq’s Market Surveillance platform to bolster its ability to detect and prevent market abuse in European markets. The move, operating under Bybit EU, is designed to ensure compliance with the EU’s Markets in Crypto-Assets Regulation (MiCAR), which requires digital asset exchanges to implement strict monitoring and reporting systems.

Nasdaq’s surveillance technology, used by more than 50 exchanges and 20 regulators worldwide, provides advanced tools and tailored features for crypto markets. Its flexible, modular design will support Bybit EU’s growth while meeting local regulatory requirements. Built on three decades of development, the platform integrates sophisticated algorithms and benefits from Nasdaq’s ongoing investment in research and infrastructure, reinforcing global market integrity and aligning with evolving international standards.

Options Technology Expands Private Cloud with New AI-Optimised Datacentre in Iceland

Options Technology has launched a new AI-optimised private cloud datacentre in Iceland, aimed at enhancing security, high-performance computing, and sustainability for capital markets clients. The facility, designed for high-density private AI workloads, offers a 72% reduction in per kVA costs compared with traditional U.S. sites. Powered entirely by renewable energy, it enables clients to achieve zero carbon emissions while benefiting from advanced liquid cooling systems, closed-loop water infrastructure, and sub-100ms connectivity to both Europe and North America.

The Iceland deployment responds to increasing demand from hedge funds, investment banks, and trading firms seeking secure and compliant environments for scaling AI workloads. It marks the first stage of Options’ wider infrastructure modernisation programme, with further AI-ready environments planned across global financial hubs in 2025 and beyond. The announcement follows a series of recent milestones, including recognition in the Broadcom/VMware Global Partner Program, expansion of its Cambridge operations, and the extension of Microsoft Cloud Solution Partner capabilities into Dubai.

OSTTRA Expands triBalance Optimisation Service with Eurex Clearing Integration

OSTTRA has expanded its triBalance interest rate initial margin and capital optimisation service to include Eurex. OTC derivative portfolios cleared through Eurex are now part of triBalance optimisation runs, helping firms reduce counterparty risk and improve efficiency across their derivatives portfolios. The move builds on OSTTRA’s existing central counterparty (CCP) coverage, which includes LCH, CME Clearing and JSCC, and strengthens optimisation across the $260 trillion interest rate swap market.

The service supports all major risk margin models, enabling firms to optimise margin and capital across multiple clearing venues. In Q2 2025, OSTTRA clients achieved record savings in initial margin, with overall interest rate savings rising 57% year-on-year and CCP margin savings increasing 89%.

OSTTRA’s triBalance platform delivers optimisation services across a wide range of OTC asset classes, including interest rate products, FX forwards, equity derivatives, credit default swaps and commodities. This broad coverage allows clients to release collateral and capital across their trading operations. OSTTRA includes MarkitSERV, Traiana, TriOptima and RESET, with TriOptima AB regulated by the Swedish Financial Supervisory Authority.

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.

Acceldata Makes Agentic Data Management Platform Available to Clients

Clients of data observability technology company Acceldata can now utilise the company’s artificial intelligence agents to unify governance, quality, catalogue and observability processes.

Its Agentic Data Management platform will “enable enterprises to move from static governance and monitoring to dynamic, agentic systems that anticipate needs, adapt in real time and operate at scale”, said Acceldata chief executive Rohit Choudhary.

SimCorp Extends Private Markets Capabilities

FinTech provider SimCorp has introduced a private markets products to enable general partners, fund administrators, alternative investment fund managers), management companies and depositories to automate their operations.
SimCorp Alternatives adds to the Danish company’s existing total portfolio view offering for private asset owners within its SimCorp One platform.

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.