Millennium bcp Partners with Murex to Enhance Market Risk Management

Millennium bcp, Portugal’s biggest private-owned bank, with operations also in Poland and Mozambique, has entered a strategic partnership with Murex, the trading and risk management solutions vendor. The bank will adopt Murex’s MX.3 platform to strengthen its market risk management capabilities and ensure compliance with the Fundamental Review of the Trading Book (FRTB).

The initiative will span the bank’s operations across all three countries, establishing a unified and robust risk framework. Murex will provide capabilities to monitor market risk across these geographies, covering the full spectrum of asset classes managed by the bank, including interest rates, foreign exchange, equities, credit, and derivatives.

This deployment is a key part of the bank’s risk transformation journey, aimed at aligning its oversight with global standards and enhancing operational efficiency. Implementation of the MX.3 platform is set to begin this year, with rollouts phased according to functional priorities.

T. Rowe Price Adopts Genesis Solution to Streamline Primary Bond Issuance Workflow

Asset manager T. Rowe Price has deployed the Primary Bond Issuance (PBI) solution from Genesis Global, to manage corporate bond deal workflows. The system will aid T. Rowe Price’s fixed income teams optimise how they track and invest in deals throughout the bond lifecycle.

The Genesis solution provides a consolidated, real-time view of deals by aggregating data from multiple providers. It was customised for T. Rowe Price with an algorithm that automatically merges multiple data sources referencing the same deal into one composite record. The PBI solution also integrates with T. Rowe Price’s existing portfolio modelling and order management systems and uses chat functionality for team collaboration.

The new solution replaces a internally-built system and is being used by traders, analysts, and portfolio managers in Baltimore, Hong Kong, and London. It initially covers investment-grade corporate bonds, but T. Rowe Price expects to extend it to high-yield and emerging-market corporate bonds shortly.

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.

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.

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.

Linedata Extends Global Services Offering to UK Market

Linedata, the global provider of asset management and credit technology, has extended its Global Services offering to the UK. A new business unit is being established at the group’s London branch to manage the launch, which builds on Linedata’s existing software expertise and two-decade presence in the UK. The move addresses rising demand for outsourcing in the UK, driven by economic pressures, a need for increased returns, and talent shortages in key operational areas.

The new services are designed to help organisations scale efficiently using flexible delivery models, including nearshore, offshore, or on-site options. The offering includes AI-driven investment process automation through its Cognitive Investment Data Management (CIDM) solution, middle and back-office outsourcing with AI-enabled reconciliation, and advisory services on digital transformation and AI.

Linedata provides clients with access to experienced talent and standardised processes through a globally integrated operating model. The services can be deployed on an organisation’s own software platform or that of a third-party supplier. The offering is available to UK firms immediately.

New Exegy Whitepaper Quantifies High Cost of In-House FPGA Market Data Infrastructure

Exegy has released the second part of its whitepaper detailing the true cost of market data infrastructure. The report quantifies the high expense for firms building and maintaining their own FPGA-based market data feed handlers. Key findings show a firm’s first in-house handler costs approximately $5.35 million, with full North American equities coverage (18 markets) totalling nearly $9.8 million. This is over five times more expensive than Exegy’s equivalent service. Annual maintenance for an in-house system is estimated at $4.59 million, more than double Exegy’s managed service costs.

The report also highlights the significant time investment, estimating 3.5 years for the first handler and 6.5 years for full coverage, compared to 6 months and 20 months respectively with Exegy. This diverts valuable engineering resources from core strategies. Exegy’s new Nexus platform is presented as a solution, using FPGA hardware to deliver ultra-low latency and 36% lower operational costs. It provides the performance benefits of an in-house build without the associated cost, time, and maintenance burden.