Broadridge Integrates Futures and Options Platform with TNS for Enhanced Market Data and Connectivity

Broadridge Financial Solutions Inc. has integrated its global Futures and Options (F&O) Software-as-a-Service platform with Transaction Network Services (TNS), in a collaboration that aims to simplify market data management and reduce operational risk for clients. TNS, through its mission-critical infrastructure in financial markets, will provide global exchange connectivity for order routing and market data access.

Mike Johnson, General Manager of F&O at Broadridge, highlighted the benefits of the integration, commenting: “With the addition of TNS, futures commission merchants and agency brokers will now have access to simplified, market data while benefiting from reduced implementation costs and improved time-to-market,” adding that this strategic move aligns with the industry trend of firms shifting away from self-hosted trading infrastructure towards more flexible and efficient SaaS-based solutions.

Tom Lazenga, General Manager of TNS Financial Markets, emphasised TNS’s commitment to delivering fast and resilient connectivity solutions, supporting Broadridge’s clients with access to over 130 exchanges across 25 countries.

Bloomberg Adds Data for Compliance with EU Corporate Sustainability Reporting Directive

Bloomberg has added a data offering to the Bloomberg Terminal that collates data that companies have started to report in line with the EU’s Corporate Sustainability Reporting Directive (CSRD). The offering is also available via Data License for scalable enterprise-wide use.

CSRD expands the range of firms that need to disclose ESG data publicly and broadens reporting to over 1,000 metrics covering both financial and impact materiality criteria, with reporting requirements coming into play in 2025.

The CSRD offering is based on a mapping of European Sustainability Reporting Standards (ESRS) to existing Bloomberg data fields and includes historical data for a subset of fields reported by companies voluntarily or under previous regulatory requirements. Additional fields will be created to ensure clients can access mandatory quantitative disclosures covering both financial and impact materiality. Companies required to report in 2025 are already included in Bloomberg’s coverage, which will be expanded to include companies that will start to report in 2026.

GDF, ANNA and DTI Foundation Join Forces to Promote Standards for Digital Asset Industry

Global Digital Finance (GDF), a members association and platform for open innovation in digital assets in financial services, has partnered the Association of National Numbering Agencies (ANNA) and Digital Token Identifier (DTI) Foundation to support the development of standards and best practices in the digital asset industry. The partnership is designed to help drive awareness and adoption of market standards that can build stronger, transparent and more efficient bridges between traditional finance and the digital asset ecosystem.

Galilee Asset Management Selects Clearwater to Consolidate Fund Activities

Galilee Asset Management, a specialist in fund and wealth management primarily in equity and fixed income, is planning to replace in-house developed order consolidation solutions with Clearwater JUMP, a Clearwater Analytics offering designed to consolidate fund and wealth activities across the investment lifecycle.

France-based Galilee Asset Management cites a world-class user experience, platform scalability and quick implementation as reasons to select Clearwater. Expected benefits for the asset manager include a cohesive platform for all acquired entities, accurate group-level reporting and streamlined middle-office activities to increase efficiency. “In Clearwater, we have found a long-term partner allowing us to centralise our multi-entity and multi-activity business on a single platform,” says Roni Michaly, CEO at Galilee Asset Management. “Clearwater is a technological upgrade and a strategic move to consolidate our operations, drive efficiencies, and foster sustainable growth.”

RegGenome Launches GenAI-Optimised Reg-Data Repository

RegGenome, a spin-out from the University of Cambridge, has launched an enriched regulatory data repository powered by Generative Artificial Intelligence (GenAI). This solution aims to address the increasing regulatory costs and complexities faced by firms by leveraging advanced AI technologies for regulatory operations and compliance management.

A study by Accenture indicates that while 93% of compliance leaders see AI as a simplifier of compliance processes, 90% anticipate a 30% increase in compliance costs over the next two years due to traditional, labor-intensive approaches. RegGenome’s new service provides a jurisdiction-agnostic repository of rich, descriptive, and inferential metadata optimized for GenAI algorithms, facilitating the identification, interrogation, presentation, and management of regulations.

“Our GenAI-optimised data is vital for any firm investing in modernising its data infrastructure and adopting AI. As a data-only provider, we can facilitate the creation of a central regulatory data set that can feed multiple internal use cases. By adopting our data, organisations are well-positioned to leverage the transformative potential of AI,” said Chief Operating Officer Mark Johnston.

RegGenome uses a universal information structure to organize and standardize regulations, operationalizing documentation from any authority in any language. This structure is built on provenance and regulatory standards reviewed by experts at the University of Cambridge, ensuring data integrity, reliability, and relevance. The GenAI-optimized data supports the development of standards-based solutions that enhance the capabilities of foundational large language models (LLMs), enabling reliable management of regulatory changes, policy impact assessments, information retrieval, query responses, and document summarization.

“With flexible delivery methods, our data integrates into any existing application or tool, maintaining continuity with current business operations. We meet you where you are, and that is the type of freedom customers get from a pure data-only provider,” added Head of Product Jonny Scurr.

RegGenome’s data empowers organizations to conduct granular searches, receive timely updates via custom alerts, identify common regulatory obligations across jurisdictions, and efficiently route relevant regulations to appropriate teams. This foundational dataset promises to enhance existing systems and prepares organizations for the evolving regulatory environment.

Vistra and Fenergo Collaborate to Deliver Frictionless Onboarding

Vistra, a provider of business services, and Fenergo, a provider of digital solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), have collaborated to deliver ‘frictionless’ global onboarding for the 200,000-plus companies and funds that Vistra serves. Vistra’s Global Incorporations team will deploy Fenergo’s SaaS-based CLM product to digitally transform processes for global entity onboarding, KYC and ongoing due diligence.

Anne Dolan, head of operations for Global Incorporations at Vistra, comments: “Running a multinational business, launching a new product or fund, or expanding into new markets is never easy. Our collaboration with Fenergo means we can help our clients overcome these barriers through integrated technology and harmonised data.”

AXA XL Alternative Capital Team Selects Clearwater Analytics

AXA XL’s alternative capital team has selected Clearwater Analytics to provide strategic support for a portion of its investment portfolio. The team chose Clearwater for its proven reliability, accuracy and comprehensive ability to meet its complex accounting book of record and regulatory requirements.

“We welcome AXA XL as a Clearwater client,” says Keith Viverito, general manager of EMEA and APAC at Clearwater Analytics. “Our mission is to deliver cutting-edge solutions that simplify investment management and accounting workflows and reporting. Our solutions provide clients with investment analytics and a single source of truth for their investment portfolios across all asset classes. These solutions help clients achieve their strategic growth and investment objectives and navigate a constantly evolving regulatory landscape.”

Infovisa Selects QUODD’s QX Digital Platform for Enhanced Market Data Services

QUODD, the on-demand market data provider, has announced that financial technology provider Infovisa, specialists in trust, wealth management, and retirement solutions, has chosen the QX Digital Platform as its primary market data service. Infovisa will use the platform for end-of-day pricing and reference data, streamlining its middle and back-office operations for wealth management clients.

In addition to market data coverage, QUODD’s QX Digital Platform offers Infovisa integrated digital workflows with security look-up and query capabilities, significantly reducing processing times. The platform’s automation and global pricing data integration were key factors in Infovisa’s decision, enhancing system connectivity and facilitating efficient team-based data management.

ION’s Fidessa Platform Certified for Cash Equities Trading on Bombay Stock Exchange

Financial markets solutions vendor ION has been registered as an Independent Software Vendor (ISV) with the Bombay Stock Exchange (BSE). ION’s Fidessa trading platform has successfully completed the audit process and is now certified for cash equities trading on BSE, adhering to all relevant exchange rules and regulatory standards.

Established in 1875, BSE remains a pivotal institution in the Indian corporate sector with over 5,700 listings. With this certification, BSE exchange members can leverage Fidessa’s comprehensive order management, algorithmic trading, and risk management capabilities. This development supports the growth of Indian capital markets, enhancing trading efficiency and connectivity for top Indian brokers who already use Fidessa for trading outside India.

Horizon Trading Solutions Achieves Certification on Toronto Stock Exchange

Horizon Trading Solutions, the Paris-based electronic trading solutions and algorithmic technology provider, has been certified on the Toronto Stock Exchange (TSX), following its certification on the Toronto Montreal Exchange (TMX) in 2023.

Clients can now trade Canadian equities and derivatives, utilising advanced trading strategies and execution algorithms on a single platform for order and execution management. This certification enhances Horizon’s service offerings and strengthens its footprint in the North American market.