TradingTech Insight Brief
Genesis Global and Inovotek Solutions Partner to Boost Financial Markets Software Innovation
Genesis Global has announced a partnership with IT consultancy and Murex integration specialist Inovotek Solutions to accelerate software innovation in the financial markets industry. Leveraging the Genesis Application Platform and Inovotek’s team of over 60 consultants and developers, the collaboration aims to rapidly deliver new software solutions for trading, treasury, risk, compliance, and other financial technologies.
The partnership is designed to enhance clients’ competitive edge by improving profitability, reducing project delivery times, and lowering costs. Through the partnership, Inovotek will access the Genesis Academy and dedicated developer support programs, facilitating the effective use of the Genesis platform, which integrates a low-code framework, prebuilt components, and AI-driven tools, enabling financial firms to efficiently build or upgrade applications for high-performance transaction processing, event-driven workflows, and real-time data integrations.
LIST’s FastTrade System Achieves Certification for Luxembourg Stock Exchange Connectivity
LIST, an ION company, has successfully completed the certification process for connecting its FastTrade electronic trading system to the Luxembourg Stock Exchange (LuxSE). This follows the successful migration of LIST’s Borsa Italiana clients to Euronext’s Optiq technology earlier this year.
By activating a new certified adapter in FastTrade, LIST will enable its clients to seamlessly access all products listed on LuxSE across all asset classes for functionalities such as trading, execution, and liquidity provision.
LTX Partners with MultiLynq to Enhance Fixed Income Trading Platform Connectivity
LTX, a subsidiary of Broadridge Financial Solutions Inc., has integrated with MultiLynq, a provider of electronic trading solutions, to enhance the connectivity of its AI-driven corporate bond trading platform. The collaboration is set to streamline the onboarding process for dealers and asset managers, by leveraging MultiLynq’s API and to facilitate easier integration with the LTX platform, which currently supports over 35 dealers and 90 asset managers.
By utilising MultiLynq’s solutions, clients can now integrate LTX’s pre-trade tools and trading protocols into their existing systems without the need for extensive in-house resource deployment. The integration aims to provide significant time and cost savings, while maintaining compatibility with existing front-end interfaces and downstream systems.
Symphony Expands Global Presence with New Office in Abu Dhabi
Symphony, the markets infrastructure and technology platform, is to open a commercial office in Abu Dhabi Global Market (ADGM), the international financial centre in the UAE’s capital. This move highlights Symphony’s commitment to the Middle Eastern & North African (MENA) market and its confidence in the region’s commercial potential.
The expansion into Abu Dhabi aligns with the city’s emergence as a significant global financial centre. Symphony’s suite of products, including messaging and collaboration, trader voice, data and analytics, and directory and identity, is already utilised by several financial institutions in the region, underscoring the strategic importance of this new office for its growth in the MENA region.
TS Imagine Expands TradeSmart Fixed Income EMS with TDS Automated Trading
TS Imagine, the trading, portfolio, and risk management solutions vendor, has included TDS Automated Trading (TDSAT) in its TradeSmart Fixed Income EMS platform. TDSAT, a market-maker in municipal and investment grade corporate bonds, provides buy-side clients direct access to fixed income dealers, with pricing information, dealer quotes, and real-time trade data.
This addition marks the latest enhancement to TradeSmart Fixed Income, following the recent integration of LTX, an AI-powered trading platform, and a connection to ICE Bonds for improved access to fixed income execution protocols and liquidity. The developments aim to bolster pre-trade transparency and price discovery for mutual buy-side clients within their existing workflows.
Yaala Labs Powers Carbonplace’s New Carbon Credit Market with P8 Platform
Yaala Labs, the global market infrastructure provider, has announced the successful launch of its P8 platform at Carbonplace, global carbon credit transaction network, to facilitate. the operation of its voluntary carbon market. The integration, initiated in late 2023, leverages Yaala Labs’ advanced cloud-native P8 technology, which supports a range of functionalities including tokenisation, primary and secondary trading, and clearing & settlement.
Initially, Carbonplace has integrated with Verra’s carbon registry, the carbon credit registry that manages the Verified Carbon Standard (VCS), the biggest standard in the carbon market based on market share, with plans to incorporate additional registries in the future.
S&P Global Completes Acquisition of Visible Alpha
S&P Global has completed its acquisition of Visible Alpha, the consensus forecast data and analytics vendor. The move aims to expand the fundamental investment research offerings on S&P Global Market Intelligence’s Capital IQ Pro platform. Founded in 2015, Visible Alpha has carved a niche in offering consensus forecast estimates, key performance indicators, and analytics derived from extensive sell-side analyst models. The company’s data distribution is supported through various channels, including a web-based platform, APIs, and Feeds.
Visible Alpha is backed by a group of investment banks that are key contributors of research and data to the platform. The acquisition, first announced in February 2024, is not expected to significantly impact the financial standing of either S&P Global Market Intelligence or the broader S&P Global entity.
Appital Integrates Insights with FactSet’s Portware EMS to Enhance Liquidity Sourcing for Asset Managers
Appital, the price discovery and liquidity sourcing platform, has announced the full integration of Appital Insights with FactSet’s Portware EMS, enabling one-click access to critical liquidity data for asset management clients. The integration includes the ‘Live Watchlist’ feature, enabling buy-side institutions to discreetly evaluate the feasibility of executing large Average Daily Volume (ADV) orders.
Launched in September 2023, Appital Insights aims to improve liquidity sourcing by revealing opportunities in illiquid or large equities, previously inaccessible through traditional trading platforms. Since its inception, Appital Insights has facilitated $4.0 billion in buy-side liquidity, with trade opportunities ranging from $1 million to $200 million.
Finastra Partners with OpenFin to Enhance Kondor Treasury Management System
Finastra has teamed up with OpenFin to upgrade its Kondor bank treasury management system, aiming to strengthen the user experience with advanced workspaces and streamlined workflows. The collaboration leverages OpenFin’s “Workspace Anywhere” technology, enabling Kondor users to access the system through web browsers or a dedicated desktop application.
The enhanced Kondor system will incorporate microservices, AI, and a partner ecosystem to provide a more intuitive and efficient experience for banks, delivered through Treasury as a Service (TaaS) and cloud capabilities. This initiative aims to improve decision-making processes and operational efficiency in banking treasury management.
SGX FX Introduces Enhanced AI Tool for Optimized FX and Digital Assets Trading via MaxxTrader
SGX FX, through its digital assets and eFX trading solutions provider MaxxTrader, has unveiled the latest version of its advanced AI tool designed to enhance FX trading decisions for financial institutions. The new version leverages real-time data analysis, encompassing trades, price streams, user activities, and market impact among other elements, to generate tailored insights and actionable recommendations, thus promising quicker and more effective decision-making.
Originally launched in Q1 this year, the solution is designed to empower banks and broker-dealers to better manage risks, optimise trading performance and achieve superior execution quality and profitability through intelligently curated insights, presented in user-friendly formats.