Private Direct Lending Data Added to Bloomberg 

Bloomberg has introduced a private direct lending data service to increase visibility within the private credit market.

The offering aggregates information from multiple sources to cover 15,000 active loans representing about US$1 trillion in deal flow. It consolidates US business development company filings, merger and acquisition disclosures, and news reporting to create standardised loan-level records.

“Direct lending has historically been difficult to evaluate because loan-level data is often fragmented, inconsistent and not easily comparable across the markets,” said Brad Foster, head of fixed income and private markets. “Bloomberg is extending its end-to-end credit capabilities into private markets by combining a normalised dataset of all US BDC-reported and other direct lending loans with integrated analytics and enterprise delivery so clients can analyse pricing trends, compare loan terms, and apply more consistent analysis across public and private credit.”

The platform includes specific data points such as deal size, interest rate spreads and credit health indicators to support risk monitoring and benchmarking.

Clients can access the service via the Terminal and via Data License at its web portal, with delivery options including SFTP, REST API or a cloud environment.

Avelacom Launches Lowest Latency Hybrid Route Between Amsterdam and Tokyo

Avelacom, a global provider of low-latency network solutions, has launched a new hybrid fibre and microwave route connecting Amsterdam and Tokyo. The route achieves a round-trip latency of less than 127 milliseconds, establishing a new benchmark for connectivity between Europe and Asian digital asset markets. This expansion complements the company’s existing ultra-low latency infrastructure linking London and Frankfurt to major hubs such as Shanghai and Hong Kong.

The route is specifically designed to support institutional digital asset trading, where execution speed directly influences profitability. Amsterdam has emerged as a significant hub for this activity, hosting venues like BtcTurk and a growing concentration of blockchain validator nodes. Connecting this ecosystem to Tokyo provides traders with high-speed access to global liquidity centres and price discovery on platforms such as Binance.

To achieve these speeds, Avelacom has integrated additional microwave segments into its proprietary hybrid architecture, leveraging its existing Points of Presence. By combining fibre and microwave technologies, the network minimises delays across long-distance paths. This infrastructure investment reflects the increasing demand for high-performance connectivity as Amsterdam evolves into a critical gateway for decentralised networks and global electronic trading.

TS Imagine Launches Automation 2.0 as Assets Under Service Reach $19.5 Trillion

TS Imagine has unveiled Automation 2.0, an event-driven trading platform designed to help institutional desks manage sophisticated, rule-based workflows across multiple asset classes. The launch coincides with a significant growth milestone for the firm, which now manages over $19.5 trillion in assets under service, a substantial increase from the $5.3 trillion reported in 2023. This expansion reflects the increasing demand for scalable solutions in a high-speed market environment where manual order routing often leads to operational inefficiencies.

The new platform addresses the limitations of traditional automation tools, which frequently struggle with nuanced logic and complex compliance requirements. Automation 2.0 introduces a robust rule-building environment that incorporates cost intelligence, liquidity awareness, and market calendars. By utilizing two core components – the Rule Manager for workflow design and a stateful Workflow Engine for real-time execution – the system ensures consistent, reliable handling of orders without the need for manual intervention when market conditions shift.

Furthermore, Automation 2.0 establishes the architecture for the “Execution Agent,” the next phase in the evolution of Execution Management Systems (EMS). This foundation enables the transition from predefined rule-following to autonomous, agent-driven execution. By combining real-time event processing with structured logic, the platform allows trading systems to reason and adapt across the entire order lifecycle, providing institutional desks with greater control and sophisticated fallback capabilities during execution.

CUBE Launches Certified Connector for Service Now

CUBE has launched a certified connector for ServiceNow Integrated Risk Management (IRM), making its regulatory intelligence and change management capabilities available within enterprise risk workflows. The integration is aimed at helping firms, particularly in highly regulated sectors such as financial services, connect regulatory updates and obligations more directly to compliance, risk and legal processes.

The integration links real-time regulatory updates and obligations from CUBE’s RegPlatform to ServiceNow IRM. CUBE is positioning that as a way to help organisations operationalise regulatory change more effectively within existing risk and compliance workflows, rather than relying on separate manual processes.

That positioning comes through clearly in the executive commentary. Ben Richmond, Founder & CEO of CUBE, said: “As regulatory complexity continues to grow, organisations need intelligence that works inside their existing platforms. Our partnership with ServiceNow extends CUBE’s mission to make regulatory change automated, actionable and embedded across the enterprise. Together with ServiceNow, we’re enabling firms to move faster, act earlier and manage compliance and risk at scale with far greater confidence.”

ServiceNow frames the integration in similar terms, with an emphasis on automation and workflow orchestration. “Regulatory change shouldn’t require manual tracking and endless coordination – it needs intelligent automation,” said Vasant Balasubramanian, Group Vice President and General Manager of Risk, ServiceNow. “By embedding CUBE’s intelligence into ServiceNow IRM, our AI agents can assess regulatory impact, trigger risk workflows, and orchestrate responses across the business. This gives risk and compliance leaders the ability to stay ahead of regulations and turn compliance obligations into competitive advantage.”

The broader significance is that regulatory change management is being tied more closely to enterprise risk operations. Instead of sitting outside core workflows, regulatory intelligence is being fed into the systems firms use to assess impact, assign actions and manage response processes.

CUBE says the partnership is backed by executive leadership and supported by a coordinated product and go-to-market strategy. It also expects to integrate select CUBE AI regulatory agents into the ServiceNow AI Control Tower, extending automation for shared customers using CUBE RegPlatform alongside ServiceNow IRM.

Quest Launch Bridges Identity Threat Detection and Recovery for Microsoft Operational Resilience

Quest Software has introduced a new Security Management Platform that brings together identity threat detection and response, recovery, and migration for Microsoft environments. The launch reflects a broader shift in identity security: firms are looking beyond detection alone and towards platforms that can also support resilience, recovery, and lower-risk modernization.

The company is positioning the platform around a practical problem many organizations face as identity becomes a more exposed control point. Hybrid Microsoft estates, the expansion of non-human identities, and wider AI adoption are increasing the volume and complexity of identity-related risk. In that context, Quest is combining threat management with secure migration and disaster recovery, aiming to reduce the operational gaps that can appear during periods of change such as cloud transitions, mergers, or infrastructure modernization.

Identity remains a growing attack surface, but recovery readiness is often less mature than detection. Quest points to its own research showing that more than 75 percent of global organizations do not test identity recovery often enough. It also cites the rapid growth of non-human identities, which it says now outnumber human identities by an estimated 82:1 ratio. Against that backdrop, the new platform is designed to give organizations broader visibility across identities, faster incident response, and a more structured way to recover critical services after an attack.

“AI fundamentally threatens the identity landscape at a level never before seen, and one thing is clear – identity security must include rapid recovery, not just detection and response,” said Michael Laudon, Chief Product and Technology Officer at Quest Software. “The Quest Security Management Platform delivers solutions that address how identity risk actually occurs within organizations – across daily operations, active attacks, and during high-risk moments of change such as AI adoption amid migration and modernization. By unifying our industry-leading solutions into one modern platform, customers no longer need multiple solutions to protect their most important assets.”

Two new capabilities sit at the centre of the release. Quest Identity Defence is described as an AI-powered security layer for hybrid Active Directory and Entra ID environments. It is intended to identify identity risk continuously, block unauthorized changes to critical Tier 0 assets, and improve visibility across both human and non-human identities. The emphasis is on making investigation and remediation more manageable in complex hybrid estates.

Quest Identity Recovery extends that focus into resilience. The offering is positioned as a hybrid Active Directory and Entra ID recovery solution that can restore identity services more quickly after a ransomware incident. A new Standby Active Directory Forest provisioning feature is intended to automate the creation of recovery environments, strengthening disaster recovery preparedness rather than treating recovery as a separate downstream process.

The platform also incorporates On Demand Migration, Quest’s Microsoft 365 certified tenant-to-tenant migration technology, covering Exchange, OneDrive, SharePoint, Teams, as well as Active Directory and Entra ID. That inclusion is notable because migration is often one of the periods when identity controls are under the most strain. Folding migration into the same platform as detection and recovery suggests Quest is framing modernization itself as a security and resilience issue, not just an infrastructure project.

Quest says the overall platform aligns with the National Institute of Standards and Technology Cybersecurity Framework 2.0 and Gartner recommendations. Structurally, it groups the offering into two main solution areas: Quest Secure Migration, which focuses on modernization with a security-first approach, and Quest Identity Security and Resilience, which is positioned as a full Identity Threat Detection and Response capability spanning prevention, detection, response, and recovery.

Arcesium Partners with Feynman Point Asset Management to Unified Multi-Asset Infrastructure

Arcesium, the financial technology provider, has formed a partnership with Feynman Point Asset Management (FPAM) to provide a unified infrastructure for digital and traditional assets. FPAM, an investment firm focused on digital asset markets and frontier technologies, will utilise Arcesium’s reconciliation solutions to manage its expanding investment landscape within a single ecosystem.

The partnership enables FPAM to support enhanced settlement cycles and scale its operations as the business grows. By implementing Arcesium’s Reconciliation platform, the firm gains real-time transparency and automated exception management. This allows for the rapid identification of data discrepancies and operational risks across varied asset classes, streamlining workflows and strengthening overall risk management, according to the company.

Exegy Enhances nxAccess Trading Engine with 71% Latency Reduction

Exegy, provider of capital markets trading technology, has announced a major update to its FPGA-based trading engine, nxAccess. The release introduces a 71% reduction in execution-stack latency, measured from start-of-packet to start-of-packet on the switch. This performance boost is designed to provide deterministic execution for firms operating in highly volatile environments where traditional hardware constraints can lead to “latency leakage” and missed pricing opportunities.

The update features a new Session Override capability, allowing firms to monitor session performance in real-time. This tool enables trading algorithms to bypass static configurations and pivot to the fastest available session or network link at the moment of execution. By turning connectivity into a dynamic asset, firms can adapt to fluctuating exchange latencies throughout the trading day without requiring complex hardware re-coding.

In addition to speed improvements, the latest version of nxAccess expands connectivity options to include UDP-based multicast and raw Ethernet frame transmission. These additions allow for immediate integration with ultra-low latency wireless and private links. As an off-the-shelf FPGA platform, the enhanced nxAccess aims to provide firms with the speed of custom hardware logic while maintaining the deployment flexibility and shorter development cycles of software-led solutions.

TS Imagine Launches Real-Time Integrated Swap Management Module

TS Imagine has introduced a new module to its cross-asset platform, offering a fully integrated system for managing swap economics and risk. Designed for synthetic prime brokerage desks and asset managers, the solution replaces traditional end-of-day reconciliation with a unified, real-time intraday view. By consolidating swap positions and corresponding cash equity hedges within a single system, the module eliminates manual processes and significantly reduces operational overhead.

The module is available across TS Imagine’s existing suite, including SwapSmart, RiskSmart+, and TradeSmart. It provides users with immediate visibility into risk and hedge discrepancies while offering native P&L attribution. This architecture supports a broad range of instruments, such as total return swaps (TRS), basket swaps, and CFDs, and has already been validated by large institutional synthetic prime brokerage clients.

To assist with regulatory demands, the solution features embedded P&L attribution that automates Volcker Rule reporting. By providing full VO2 to VO11 decomposition, the system removes the need for manual overlays and streamlines compliance. This modular approach ensures that regardless of their role in the investment lifecycle, users can manage complex swap portfolios with greater accuracy and fewer reconciliation breaks.

Private Markets Analytics Datasets Unveiled by S&P Global

S&P Global has launched the S&P Global, Cambridge Associates, Mercer Private Markets Performance Analytics datasets, providing data on funds and underlying assets within the private credit and real assets sectors.

The datasets result from a collaboration introduced in 2025 and aim to assist investors with performance comparisons and risk management.

“As private markets evolve, the need for consistent, decision-ready intelligence has never been greater,” said Saugata Saha, president of S&P Global Market Intelligence and chief enterprise data officer of S&P Global. “This collaboration brings a more rigorous, standardised approach to the private markets ecosystem, transforming fragmented information into comparable intelligence that investors can use to assess performance, evaluate risk and make more disciplined investment decisions.”

The system utilises S&P Global’s iLEVEL portfolio monitoring platform and a proprietary taxonomy to aggregate and anonymise data for limited and general partners.

CME Group to Launch Avalanche and Sui Futures

CME Group is expanding its cryptocurrency product suite with the introduction of Avalanche (AVAX) and Sui (SUI) futures. Scheduled for launch on 4^th May subject to regulatory approval, these new contracts aim to provide market participants with increased flexibility and capital efficiency. The offering includes both standard and micro-sized contracts to cater to a broad range of investors, with AVAX units set at 5,000 and 500 tokens, and SUI units at 50,000 and 5,000 tokens respectively.

The expansion comes amid significant growth in CME Group’s digital asset markets, which saw March average daily volumes rise by 19% year-on-year, reaching approximately $8 billion in daily notional value. Industry leaders from Volatility Shares and Plus500US have welcomed the move, noting that it addresses the rising institutional demand for regulated, sound products in the high-growth crypto sector.

These new contracts join a growing list of recently added derivatives, including Cardano, Chainlink, and Stellar. Furthermore, CME Group has confirmed that starting 29 May, its cryptocurrency futures and options will transition to 24/7 trading. This shift is designed to enhance market accessibility and allow global customers to manage risk more effectively across evolving digital asset markets.