Avelacom Expands Low Latency Solutions with RCB Certification for Brazil Stock Exchange Access

Avelacom has expanded its low latency solution portfolio by becoming a certified B3 Communications Network provider (RCB) for the Brazil Stock Exchange (B3). The certification allows Avelacom to offer Direct Market Access to B3’s matching engine, enhancing the company’s real-time market data and trading solutions without clients requiring additional infrastructure. The new service aims to provide a cost-efficient and scalable alternative to remote market access, optimising latency and setup processes via virtual connections.

By incorporating RCB services, Avelacom can facilitate seamless data transfer between global financial hubs, supporting rapid activation of trading and market data services. This expansion aligns with the growing popularity of Brazil’s markets, enabling clients worldwide to engage with B3’s extensive range of markets, including equities, derivatives, digital assets, and OTC products.

Aleksey Larichev, CEO of Avelacom, commented: “Becoming an RCB authorised party allows us to provide more flexible and cost-effective solutions with various capacity options, helping financial firms operate more efficiently. With our network’s global coverage, clients from Asia, EMEA, and North America can access B3’s trading platform with the ease of cloud-based solutions.”

Marcos Guimaraes, Managing Director of Avelacom, LATAM, said: “With this development, B3 markets becomes available at all markets on Avelacom´s global network. It also lowers the barrier of entering B3’s market from abroad by facilitating access to the trading floor and lowering costs for local brokers and trading participants.”

Coming hot on the heels of the company’s new routes between Seoul, Hong Kong and Singapore, this new project included significant investments in network infrastructure to support disaster recovery services at B3’s primary and secondary data centres.

Adaptive Makes Aeron Premium Available on Microsoft Azure Marketplace

Adaptive Financial Consulting has made Aeron Premium, its low-latency messaging and high-availability clustering technology, available on the Microsoft Azure Marketplace, in a strategic collaboration that enables Aeron users to leverage Azure’s robust cloud platform for streamlined deployment and management. Aeron Premium, widely used in capital markets, enhances trading systems with enterprise-grade software and support, offering high performance, security, and 24/7 availability. Built on open-source Aeron technology, it includes additional software components, enterprise-level SLAs, architectural design consulting, and developer resources.

The partnership aims to accelerate the development of low-latency, high-performance, and resilient trading systems in the cloud. Key benefits for developers include scalability, improved performance, and high availability, supported by Azure’s infrastructure.

Matt Barrett, co-founder and CEO at Adaptive, commented: “As capital market firms increasingly migrate their infrastructure to the cloud, it is crucial that they have easy access to powerful technology and expert advice to accelerate the development of next-generation trading systems. Working with Microsoft achieves this – improving the availability of Aeron Premium via the Microsoft Azure Marketplace, enabling developers to leverage powerful Azure cloud technology.”

Jake Zborowski, General Manager, Microsoft Azure Platform at Microsoft Corp., added: “We’re pleased to welcome Aeron to the Microsoft Azure Marketplace, which gives our partners great exposure to cloud customers around the globe. Azure Marketplace offers world-class quality experiences from global trusted partners with solutions tested to work seamlessly with Azure.”

BNP Paribas Expands Use of CobaltFX’s Dynamic Credit to Enhance Market Efficiency and Regulatory Compliance

BNP Paribas has further expanded its use of CobaltFX’s Dynamic Credit solution, to improve the allocation of credit for FX transactions. The move aims to simplify credit distribution among over 100 counterparty banks, and to optimise global credit management across 12 Electronic Communication Networks (ECNs). The initiative is designed to address regulatory and industry concerns, setting a new benchmark for precision and effectiveness in market operations.

The expansion highlights BNP Paribas’s commitment to innovation and efficiency in credit allocation, enhancing market access for financial institutions worldwide. With the integration of CobaltFX’s Dynamic Credit and the newly developed CobaltFX Analytics, BNP Paribas continues to address regulatory concerns, further establishing its leadership in market operations, according to Joe Nash, Head of Global Macro Digital at BNP, who commented: “We see this as an important initiative to address regulatory and industry body concerns about the over-allocation and inefficiencies of credit distribution on dealer to dealer venues. Moreover, this approach, combined with CobaltFX Analytics allows us to right size our limit for each counterparty whilst improving market access with them.”

Darren Coote, CEO of CobaltFX, part of United Fintech, added: “This systemic problem has been long over-looked but there are a group of leaders in the industry that understand the benefits of this unique approach. We are very grateful for BNP’s leadership in this regard.”

Trading Technologies Introduces Access to Abaxx Exchange

Trading Technologies International, Inc. (TT), the capital markets technology platform provider, has introduced access to Abaxx Exchange, the Singapore-based global commodity futures exchange and clearinghouse. The market launched on June 28, with StoneX Financial executing the first trade via the TT platform. Clients can now trade Abaxx’s energy and carbon derivatives contracts using TT.

Abaxx Exchange introduces five new commodity benchmark futures contracts, featuring centrally cleared, physically deliverable contracts. These offerings aim to enhance market participants’ ability to execute energy transition strategies, with improved price discovery and risk management tools in the LNG and carbon markets, with plans to expand into battery metals.

Alun Green, EVP Managing Director, Futures & Options for TT, commented: “We’re delighted to bring our clients access to this unique new marketplace from day one of trading. We’re also a trusted partner to global and regional energy suppliers and commodity firms looking to hedge their risks in both physical and derivatives markets. Abaxx will bring new risk management capabilities with the option of physical delivery or offset through the sale of the contracts before delivery.”

Dan McElduff, Abaxx Exchange President, Strategy & Development, added: “By combining the advanced TT platform with our industry-leading, physically deliverable commodity futures contracts, market participants can now leverage our shared expertise and resources to access the price discovery and risk management tools essential for meeting the commercial needs of the energy transition and unlocking the investment capital required for a low-carbon economy.”

TT recently connected to the European Power Exchange (EPEX SPOT), the largest power exchange in Europe, enabling clients to trade European physical power markets for the first time on the TT platform. This collaboration includes a fully co-located continuous intraday power trading service, developed in partnership with a major European energy supplier.

SIX and Avaloq Launch Independent Valuation Service for Financial Instruments

SIX has introduced an Independent Valuation Service for financial instruments, developed in partnership with Avaloq, the wealth management technology provider. This new service meets the international market demand for end-of-day product valuations from an independent source, aiding in client reporting, risk management, and benchmarking.

The service offers support for asset and risk managers, custodians, and other financial institutions by providing transparent, stable, and simplified valuations, essential for guiding investment decisions, managing risks, and ensuring compliance with complex regulatory requirements, especially concerning securitised derivatives. The Independent Valuation Service, accessible through the CONNEXOR API, allows users to subscribe flexibly to instruments via ISIN requests, ensuring the availability of end-of-day valuations for non-listed structured products.

By integrating valuations and risk figures across financial markets through various pricing engines and real-time data analysis, the service guarantees comprehensive data coverage and cost transparency.

Genesis Global and interop.io Forge Alliance to Enhance Financial Markets Software Interoperability

Genesis Global and interop.io have formed a technology alliance aimed at driving software innovation and developing customised multi-application workflows for the financial markets industry. This partnership facilitates the integration of high-performance front-, middle-, and back-office applications on the Genesis platform with third-party systems using interop.io, enhancing efficiency and reducing risk for financial firms.

Leslie Spiro, CEO and Co-founder of interop.io, highlighted the Genesis platform’s ability to integrate multiple data sources and financial technology systems, commenting: “With interop.io and FDC3, third-party systems that must run on the desktop such as Salesforce or Bloomberg can more easily interoperate with Genesis applications.”

Devry Ross, Head of Partnerships at Genesis Global, emphasised the importance of flexibility between web and desktop applications. “Integrating multiple systems, data sources and trade-related services is a strength of Genesis. Our work with specialists like interop.io and new capabilities in our platform expand how our philosophy of flexibility and openness translates to desktop integrations,” said Ross.

The alliance is further supported by the release of Version 8 of the Genesis Application Platform, which includes enhanced FDC3 support to embed interoperability in applications. Both firms stress the significance of partnerships in advancing interoperability within the finance industry. Through their Partner Programs, Genesis and interop.io aim to optimise productivity, enhance compliance, and create competitive advantages for their clients.

Digital Vega Integrates with FactSet’s Portware to Expand FX Options Trading

Digital Vega, theFX Options e-trading platform, has integrated with FactSet’s FX execution management system, Portware. The partnership aims to broaden Digital Vega’s client base and distribution network, while enhancing FactSet’s product coverage to include FX Options alongside Fixed Income, Equities, Futures, and FX.

FactSet’s Portware platform provides Asset Managers with a unified execution method across all asset classes, offering deep liquidity and high automation levels. The integration with Digital Vega allows clients to automate complex FX Options workflows and access extensive pricing from a broad range of Liquidity Providers.

Mark Suter, Executive Chairman and Co-Founder of Digital Vega, stated: “By partnering with FactSet we are able to extend our coverage to large Asset Managers, which will deepen liquidity for the benefit of all our clients.”

John Marchese, Head of FX Sales at FactSet, added: “As the FX Options market has become increasingly electronic, we wanted to work with a best-in-class e-FX Options provider in that market. Adding FX Options to Portware was a logical decision.”

Toby Baker, Head of FX Trading at T. Rowe Price, a firm that has been using Portware for the  day-to-day cash trading requirements for some time, commented: “Adding Digital Vega’s FX Options liquidity and workflow management into Portware’s EMS to provide a single, fully integrated solution will bring huge benefits to the team.”

ION Enhances Fixed Income Solutions with XTP Execution Integration

ION has successfully integrated its fixed income solutions with XTP Execution (XTPE), extending client access to various futures markets. This integration enables banks and brokers to enhance front-office efficiency and access liquidity across a broader range of venues. ION XTPE, an automated trade workflow solution for cleared derivatives trading, now offers ION’s fixed income clients seamless access to major global exchanges and local markets through a network of execution brokers.

The integration aims to reduce support and infrastructure costs, streamline global trading operations, and provide clients with enhanced connectivity and agility. Tommaso Di Grazia, Head of Fixed Income Product Development, commented: “We are in continuous dialogue with our clients to understand their evolving needs, such as the need for a consolidated trading platform that can transform front-office efficiency. The integration will offer our clients the enhanced connectivity and agility they need to differentiate in a challenging market landscape.”

This move is part of ION’s broader strategy to expand client options and improve internal cost efficiency.

REGnosys Contributes Rosetta Language to FINOS

REGnosys has contributed its proprietary language, formerly known as the Rosetta DSL (Domain-Specific Language) and now renamed Rune, to the Fintech Open-Source Foundation (FINOS). This move is part of REGnosys’s broader mission to foster industry-wide collaboration and innovation in regulatory reporting through open-source solutions.

Rune, the language underpinning REGnosys’s digital regulatory reporting solution, is now governed by FINOS. This open-source initiative allows for contributions, testing, and sharing of regulatory logic in a system- and technology-agnostic manner.

Rune integrates seamlessly with REGnosys’s Rosetta, an award-winning data modelling platform also available for free to the community. This integration enhances the platform’s capabilities, making it a robust tool for regulatory reporting.

Major financial institutions, including BNP Paribas, JP Morgan Chase, Standard Chartered, Pictet, and DTCC, are supporting and implementing Rune-powered projects. These projects aim to enhance operational efficiency and resilience in regulatory reporting.

Rune has been successfully deployed in production for ISDA’s Digital Regulatory Reporting (DRR) programme, which uses the Common Domain Model (CDM) to express trade reporting rules as machine-executable code.

Leo Labeis, Founder and CEO of REGnosys, emphasizes the vision of community-driven compliance. Eleanor Kelly, Global Head of Markets Regulatory Change and Control at JP Morgan Chase & Co., highlights the benefits of expressing data requirements through open-source technology.

Syed Ali, Managing Director of Repository & Derivatives Services at DTCC, supports the use of standardized, machine-readable logic for regulatory reporting.

Scott O’Malia, Chief Executive of ISDA, praises the cost-effectiveness and accuracy of the ISDA DRR. Jane Gavronsky, Chief Operating Officer at FINOS, welcomes Rune to the FINOS portfolio and emphasizes its potential to revolutionize regulatory reporting.

Key Features of Rune (Rosetta DSL)

Rune enables a unified representation of data and business logic, allowing various financial market applications to communicate effectively. It abstracts business logic from technical implementation, ensuring that the logic remains consistent and comprehensible across different systems.

The language is designed to be accessible to non-programmers, such as operations and compliance professionals, who can directly write regulatory logic. This accessibility helps bridge the gap between domain experts and IT implementation.

Rune is built to be technology-neutral, leveraging the Eclipse Modelling Framework (EMF). This ensures that models can be represented in a standard format (Ecore) and easily integrated into various technology stacks, whether on-premises, cloud, or hybrid environments.

The Rosetta platform includes code generators that translate models written in Rune into executable code. This automation simplifies the deployment of regulatory logic across different programming languages and systems, enhancing operational efficiency and accuracy.

As an open-source project under FINOS, Rune encourages community contributions. The platform provides a collaborative environment where users can create, edit, and share models, fostering industry-wide cooperation and innovation in regulatory reporting.

Rune has been deployed in production for regulatory reporting, particularly within ISDA’s Digital Regulatory Reporting (DRR) programme. It uses the Common Domain Model (CDM) to express trade reporting rules as machine-executable code, enhancing transparency and compliance across global financial institutions.

Leading financial institutions such as JP Morgan Chase, BNP Paribas, and DTCC have implemented Rune-powered solutions to improve their regulatory reporting processes, demonstrating the language’s practical benefits in real-world applications.

The Rosetta platform, which includes the Rune DSL, offers a comprehensive solution for developing, testing, and deploying regulatory models, providing tools for design, data translation, deployment, and monitoring. This integrated approach ensures that firms can manage their regulatory obligations more effectively, leveraging the power of open-source collaboration to stay ahead of evolving compliance requirements.

Validus Risk Management Introduces Automated Pre-Trade Checks in TradeView Platform

Validus Risk Management, the independent financial risk advisory and technology firm, has introduced new automated pre-trade checks within its TradeView platform, which aim to streamline risk management workflows and increase operational efficiency. TradeView, designed specifically for private capital managers, now features configurable pre-trade checks to ensure policy conformity, automated prompts for trade deviations, and customisable guardrails for trade flexibility and control. Additionally, trade request rationales and allocation support are now saved for audit trails.

Later this year, Validus plans to further enhance TradeView with real-time Transaction Cost Analysis (TCA) and a liquidity management optimiser, which will aim to support better hedge decision-making and trade allocation. TradeView, part of the broader Validus technology ecosystem, Horizon, integrates seamlessly with RiskView and PortfolioView, providing clients with comprehensive risk management, order workflow, and performance monitoring tools through a single dashboard.