S&P Global’s iLevel Private Markets Tool Updated with Document Search

S&P Global Market Intelligence has updated its private asset portfolio management capabilities with the launch of iLevel Document Search, an artificial intelligence-powered tool that can extract insights from a variety of unstructured data sources.

The latest augmentation of the iLevel suite has includes natural language querying, annotations for traceability and permissions-based search results for confidentiality.

“We’re moving from an era of portfolio monitoring to one of portfolio intelligence,” said Christopher Sparenberg, Head of iLEVEL, S&P Global Market Intelligence. “With deal flow at multi-year lows and exit windows tightening, the firms that will thrive are those that can unlock the ‘unknown unknowns’ in their existing portfolios to create differentiated value. iLEVEL Document Search enables investment teams to discover new opportunities and identify risks to make decisions with conviction.”

FIX Publishes MMT 5.0 to Support Readiness for the European Consolidated Tape

The FIX Trading Community has released Market Model Typology (MMT) 5.0 to help firms prepare for the pending European consolidated tape. MMT is the independent industry data standard for classifying trades across European capital markets, enabling consistent interpretation of published transactions and supporting clean, transparent market data. FIX Executive Director Jim Kaye said FIX’s independent, industry-run governance ensures MMT reflects the needs of all market participants.

Developed in 2012 by the Federation of European Securities Exchanges and handed to FIX in 2013, MMT is now used by all major European trading infrastructure venues and the majority of market participants. FIX’s MMT Steering Committee has worked with European regulators since 2013 to keep the standard aligned with evolving regulations and user requirements, underpinning market efficiency and transparency.

MMT 5.0 addresses the revised post-trade transparency requirements of MiFIR RTS 1 and RTS 2 and introduces additional voluntary flags. These optional fields are designed to further enhance transparency for users seeking deeper insight into European capital markets.

XTX Markets Commissions YIT for Second Kajaani Data Centre Build, but Long Term Plans Remain Uncertain

Algorithmic trading firm XTX Markets has signed an agreement with YIT Corporation for the construction of a second data centre at its Kajaani campus in Finland. The project will see YIT deliver the shell and core of the facility, continuing its work from XTX’s first data centre on the site. The contract value has not been disclosed.

While construction is set to begin, XTX noted that its longer-term campus expansion plans remain uncertain due to proposed changes in electricity taxation. Chief Operating Officer Mike Irwin highlighted the strong partnership with YIT and the progress of the company’s data centre strategy, but stressed the need for policy clarity before committing to future development phases. XTX expressed hope for continued collaboration with Finnish partners once the investment outlook is resolved.

SIX Expands Use of Pico’s Corvil Analytics to Enhance Market Data Monitoring

Pico, the global provider of technology services, software, data and analytics, has announced that SIX, the global financial data and infrastructure provider, is expanding its integration of Pico’s Corvil Analytics to include monitoring across its financial information business. Corvil Analytics delivers real-time monitoring of price data without performance loss, offering capabilities such as gap detection, latency tracking, and microburst analytics.

Previously applied to SIX’s exchange operations, this broader adoption aims to strengthen its oversight of high-volume, low-latency data flows across multiple market sources to help identify data integrity issues and support faster issue resolution for SIX’s operations.

Informatica Adds New Features to its IDMC

Data management and integration specialist Informatica has updated its Intelligent Data Management Cloud (IDMC) platform to make it easier for users to utilise artificial intelligence-ready data.

The company, which is in the midst of a takeover by Salesforce, said the new release of IDMC includes features across data integration, governance, quality, master data management and integration platform as a service (iPaaS).

Acuity in ‘World-First’ Deal to Bring Databricks’ DIP to Clients

Acuity Knowledge Partners’ 650-plus financial services clients will be able to use the Databricks Data Intelligence Platform to automate data-driven workflows and decision making in what the company has described as a “world-first deal”.

“Acuity is the first firm of its kind to bring Databricks to market for financial services firms,” said Jon O’Donnell, Chief Operating Officer of Acuity Knowledge Partners.

Thoma Bravo and 7RIDGE Partner to Drive Next Phase of Trading Technologies’ Growth

Trading Technologies International, Inc. (TT), the global provider of capital markets technology, has announced a strategic partnership between its current owner, 7RIDGE, and Thoma Bravo, a leading software investment firm. This move follows a thorough search for an investment partner to support TT’s next phase of expansion. 7RIDGE initially acquired TT in December 2021.

Thoma Bravo, managing approximately $184 billion in assets as of March 2025, brings extensive experience in software and technology investments. The firm will collaborate with TT and 7RIDGE to apply sector-specific knowledge and operational strategies aimed at accelerating TT’s growth. Financial details of the deal have not been disclosed, and the transaction is expected to close in the fourth quarter of 2025, pending regulatory approval.

Parameta Solutions Brings OTC Market Data to Snowflake Marketplace

Parameta Solutions, the data and analytics division of TP ICAP Group, has launched its over-the-counter (OTC) pricing and liquidity data offering on Snowflake Marketplace. This integration allows financial institutions to access Parameta’s trusted market data directly through the Snowflake AI Data Cloud, eliminating the need for complex data pipelines or duplication.

The collaboration enhances data accessibility for institutions focused on liquidity risk modelling, pricing validation, and regulatory compliance. Parameta’s dataset covers a wide array of global financial, energy, and commodity markets, including derivatives across interest rates, FX, fixed income, equity, and energy sectors.

TNS Expands Latin American Market Access with Six New Exchange Connections

Transaction Network Services (TNS) has expanded its market data and connectivity infrastructure by integrating six major equities and derivatives exchanges across Latin America: the Mexican Stock Exchange (BMV), MexDer, Argentina’s BYMA, Chile’s Santiago Stock Exchange, Peru’s BVL, and Colombia’s BVC. This development strengthens TNS’ global footprint and meets the growing demand from trading firms and data vendors for streamlined access to Latin American markets.

The new connections are delivered through TNS’ secure private network, eliminating the need for in-country infrastructure. For Chile, Peru, and Colombia, access is consolidated via the nuam exchange in Santiago. This expansion builds on TNS’ existing connectivity to Brazil’s B3 and is supported by a partnership with Avelacom, which provides the physical circuits. TNS will act as the low-latency managed service provider, ensuring efficient market data delivery into the US.

Eurex Clearing Launches First DLT-Based Collateral Mobilisation Service with J.P. Morgan and PGGM

Eurex Clearing, part of Deutsche Börse Group, has become the first central counterparty (CCP) to introduce a Distributed Ledger Technology (DLT)-enabled collateral mobilisation service. In its first live transaction, J.P. Morgan successfully transferred securities collateral on behalf of Dutch pension fund PGGM from a separate custody location to Clearstream Banking S.A. for use as margin collateral at Eurex Clearing. The service is powered by HQLAX’s DLT platform and involves collaboration with Clearstream.

This new system allows clients to access and move securities across locations instantly, improving collateral mobility and operational efficiency. The service received regulatory non-objection from BaFin and forms part of Eurex Clearing’s broader digital transformation strategy. It represents a significant development in modernising collateral management through technology and industry collaboration.