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.

Ardea Investment Management Selects SimCorp One to Modernise Investment Operations

SimCorp has announced that Ardea Investment Management, an Australia-based fixed income manager with AUD 18 billion in assets under management, has chosen its SimCorp One platform to enhance operational efficiency and automate investment processes. The firm’s high-volume, relative value trading strategy will benefit from streamlined middle office operations and improved client reporting through the platform’s capabilities.

SimCorp One provides Ardea with a real-time, consolidated view of investment positions, leveraging integrated risk management and portfolio optimisation tools from Axioma. Additionally, Ardea will utilise SimCorp Managed Business Services to outsource critical functions in Data Management and Investment Operations, including post-trade processing. This move supports Ardea’s need for a scalable, compliant operational framework as it continues to expand amid evolving regulatory demands.

McKay Brothers Expands Low-Latency Market Data Services in the UK

McKay Brothers International (MBI) has broadened its Raw Feeds offering in the UK by distributing real-time cash equities data from the London Stock Exchange (LSE) and Turquoise to trading firms co-located at the Slough-LD4 data centre. This expansion builds on MBI’s existing distribution of Cboe EU exchange data at the LSE, initiated in 2023. MBI’s Raw Feeds claim to provide the lowest latency market data services in the London Metro area.

In addition to the UK, MBI delivers Raw, Snapshot and Signal Feeds to major trading hubs across Europe, including Frankfurt, Bergamo, Zurich and Madrid. The firm sources data from leading global exchanges and offers comprehensive real-time coverage across asset classes such as cash equities, ETFs, futures, metals, interest rates, equity indices, energy, FX and cryptocurrency.

Swiss Firms Linked into GLEIF for Due Diligence Ease

Due diligence processes involving Swiss companies is anticipated to become easier with the integration of the Alpine nation’s corporate identification codes with Legal Entity Identifiers (LEI).

A direct URL link will be added to the LEI records of entities listed within Switzerland’s standardised business identification number (UID) register. The Global Legal Identifier Foundation (GLEIF), which issues LEIs, said this would enable “easy one-click access to each entity’s official verified registration data and associated documentation on the UID register website”.

The link-in initiative would make processes such as know your customer and know your supplier easier, GLEIF said.

AXA, Ardea Implement SimCorp Services for Portfolio and Risk Management

Global insurance giant AXA is to deploy financial technology provider SimCorp’s SimCorp One platform alongside SimCorp Managed Business Services to aid in its portfolio- and risk-management operations.

The combination of the two services will give the France-based insurer a “real-time, consolidated view of positions across all entities in the group”, said SimCorp.

Similarly, Australian fixed-income asset manager Ardea Investment Management has integrated SimCorp One into its tech stack.

AXA Selects SimCorp One to Enhance Global Investment Oversight and Risk Management

SimCorp has announced that AXA will implement the SimCorp One platform along with its Business Services to strengthen investment monitoring and financial risk management across AXA’s global insurance operations. The platform will provide AXA’s teams with a real-time, consolidated view of positions across entities, reducing operational friction and enabling scalable investment oversight.

SimCorp One is designed to meet key challenges in the insurance sector, including complex regulatory demands and the need for integrated technology supporting both public and private market strategies. AXA will benefit from continuous platform updates, advanced data management, and SimCorp’s expertise in the insurance industry. The Axioma analytics suite, part of SimCorp One, will further support AXA in optimising portfolio risk exposure. Additionally, SimCorp’s Business Services will ensure consistent data delivery and asset servicing across all of AXA’s investments.

CLS Launches Redesigned CLSClearedFX with LCH ForexClear as First CCP Participant

CLS has announced the launch of its redesigned CLSClearedFX service, with LCH ForexClear becoming the first central counterparty (CCP) to go live. CLSClearedFX is a payment-versus-payment settlement service that enables CCPs and their clearing members to reduce settlement risk for cleared FX and derivative trades.

The updated service builds on CLS’s existing CLSSettlement platform, allowing CCPs to directly submit bilateral settlement instructions on behalf of members. This integration provides operational efficiencies, enhanced risk mitigation, and improved liquidity through a consolidated settlement model. LCH ForexClear’s successful transition means its cleared deliverable FX contracts are now settled within the main CLSSettlement session, removing the need for separate workflows and funding streams, thus lowering overall settlement costs.