TradingTech Insight Brief
Mauritius Commercial Bank Upgrades eFX Platform with Integral’s Technology
Mauritius Commercial Bank (MCB) has implemented technology from Integral, the currency technology provider, to enhance its eFX platform, MCB Wave. The integration allows MCB to offer a modern, client-focused platform that is fully branded and user-friendly, aimed at both domestic and international corporate and institutional clients, and aligns with MCB’s strategy to support regional growth across Africa.
By automating pricing distribution and leveraging Integral’s scalable, white-label solutions, MCB can now act as a liquidity provider with access to reliable and competitive FX pricing across a wide range of currency pairs. The upgrade aims to facilitate improved pricing, better liquidity, and seamless system integration.
Tradeweb Launches Electronic Portfolio Trading for European Government Bonds
Tradeweb Markets Inc. has announced the introduction of electronic portfolio trading for European government bonds, including UK Gilts, EUR, and single currency notes. This expansion builds on Tradeweb’s 2019 launch of portfolio trading for corporate bonds.
The service enables institutional traders to package multiple bonds into a single portfolio, negotiate pricing with one or more liquidity providers, and execute the trade in a single transaction. This approach aims to deliver improved risk management, lower market slippage, and streamlined execution. The first such transaction in European government bonds was executed between Legal & General and Citi. The solution supports both standard benchmarks and customised strategies, with features that help reduce operational risk and enhance execution transparency.
MEAG Adopts SimCorp and TS Imagine Integration for Multi-Asset Trading
MEAG, the asset management arm of Munich Re with €362 billion in assets under management, will draw upon the recently expanded partnership between SimCorp and TS Imagine to meet the multi-asset class trading needs of its centralised execution desk. This marks MEAG as the first mutual client to implement TS Imagine’s fixed income trading capabilities through the SimCorp One platform.
The partnership, originally established in 2017, now provides enhanced integration between SimCorp’s OMS and TS Imagine’s EMS, complementing existing tools for cash equities and exchange-traded derivatives, allowing SimCorp One users to seamlessly access TS Imagine’s fixed income execution tools, data, analytics, and liquidity network. The move also aligns with industry trends noted in the 2025 Global InvestOps Report, where 40% of buy-side executives prioritised enhanced support for multi-asset strategies.
Avelacom Adds AWS São Paulo to Support Low-Latency Crypto Trading at B3 Exchange
Avelacom, the ultra-low latency connectivity and IT infrastructure provider, has expanded its global cloud connectivity by adding AWS São Paulo to its network of direct access points. This enhancement, deployed at Equinix SP4 in São Paulo, aims to support crypto trading firms leveraging AWS infrastructure by enabling faster and more reliable connections to Brazil’s main exchange, B3, which is emerging as a key platform for crypto derivatives.
With this addition, Avelacom now offers ultra-low latency Direct Connect access to AWS cloud regions across major global markets including Asia Pacific, Europe, the U.S., and Latin America. The new setup responds to growing demand from trading firms for efficient routes between São Paulo and other major AWS regions such as Tokyo, Singapore, London, and Frankfurt, where leading crypto exchanges operate their systems.
DTCC Unveils Digital Collateral Management Platform
The Depository Trust & Clearing Corporation (DTCC) has introduced a new digital collateral management platform, marking a significant development in post-trade infrastructure. The platform will be showcased during a live event titled “The Great Collateral Experiment” on 23 April. This initiative is the first demonstration hosted on DTCC’s digital ecosystem, DTCC Digital Launchpad, which launched in October 2024.
Built on the DTCC AppChain using LF Decentralized Trust’s Besu blockchain, the platform aims to improve collateral mobility, capital efficiency, and liquidity. It supports the integration of traditional and digital assets and enables an open digital liquidity ecosystem. The system provides participants with enhanced privacy, security, and control through the DTCC ComposerX framework, offering a scalable, standardised solution to meet the evolving needs of global financial markets.
BlockFills Partners with Fordefi to Expand DeFi Trading Access and Token Coverage
BlockFills, the digital asset trading platform for institutions and professional traders, has partnered with Fordefi, a self-custody MPC wallet provider. The collaboration allows BlockFills to utilise Fordefi’s secure wallet infrastructure to broaden its token offering and respond to increased client demand for decentralised finance (DeFi) trading opportunities. Fordefi supports access to thousands of digital applications across over 90 blockchain networks, including major platforms such as Bitcoin, Ethereum, and Solana.
Through the partnership, Fordefi’s clients, including venture capital firms and the DeFi community, gain access to BlockFills’ full suite of trading services across a wide array of digital assets. Fordefi’s MPC wallet technology enhances security by splitting private keys across multiple parties, preventing single-point control. Its proprietary browser extension further secures the transaction process by protecting the entire technology stack from end to end.
Zema Global Acquires cQuant.io to Strengthen Advanced Analytics Capabilities in Energy and Commodities
Zema Global,thea data management and analytics provider for the energy, commodities, and financial sectors, has acquired cQuant.io, a specialist in analytic solutions for energy and commodity companies. The acquisition, backed by investor FTV Capital, enhances Zema Global’s offering by integrating cQuant.io’s advanced analytics platform with its own enterprise data management solutions. This combined capability aims to improve decision-making speed and accuracy for clients operating in complex and volatile markets.
As part of the deal, cQuant.io will continue to operate as a wholly owned subsidiary under the brand “A Zema Global Company,” with its former CEO David Leevan taking on the role of President at Zema Global. The partnership expands Zema Global’s global analytics team and deepens its capabilities in areas such as quantitative modelling, asset valuation, and renewable forecasting. The move reinforces the company’s strategy to provide seamless, real-time insights for global operations.
Euroclear Bank Enhances Collateral Management with Taskize Integration
Euroclear Bank’s Collateral Management Services has adopted Taskize, the platform for investment operations collaboration, to streamline query resolution. The integration with Taskize, along with its support for email and Symphony Messaging, aims to simplify communication across various technologies, and improve efficiency in managing collateral-related tasks.
Taskize creates a unified ecosystem where stakeholders can exchange information, negotiate, and finalise deals in real time. This integration enables front-office traders and other users to maintain updated collateral sets and adjust workflows to suit counterparty preferences with fewer resources. Communication is continuous and centralised, involving both Euroclear as the tri-party agent and trading counterparties through Symphony Messaging integration.
ION to Support Day-One Connectivity to MIAX Futures’ New Onyx Platform
ION is to provide seamless, day-one connectivity to MIAX Futures’ new matching engine, Onyx, as the exchange transitions its Minneapolis Hard Red Spring Wheat (HRSW) Futures from CME Globex in Q2 2025. This support ensures that users of ION’s cleared derivatives front-office trading platform will have immediate access to execution and clearing services on the new system.
Additionally, ION will enable trading of MIAX Futures’ upcoming Bloomberg 500 (B500) Index futures, anticipated for launch in the second half of 2025, subject to regulatory approval by the Commodity Futures Trading Commission (CFTC). Onyx, developed using proprietary MIAX technology, is designed to power trading in both agricultural and financial futures and options across various markets.
Cboe Clear Europe Launches Central Clearing for European Securities Financing Transactions
Cboe Global Markets has announced that Cboe Clear Europe has begun clearing European Securities Financing Transactions (SFTs), marking a significant step in its strategy to expand as a multi-asset class clearing house. The initial cleared trades involved Natixis Corporate & Investment Banking as Principal Lender and JP Morgan as Borrower. This new service transitions SFTs in European equities and ETFs from a bilateral to a centrally cleared model, aiming to improve capital efficiency and support market growth.
The platform leverages the infrastructure of Cboe Clear Europe, the largest pan-European cash equities clearing house. Key features include the use of BNY and JP Morgan as Tri-Party Collateral Agents and Pirum for trade instruction management. The service covers settlement across 19 European CSDs and is designed to reduce capital burdens under regulations such as CSDR, SFTR, and Basel IV. Additional benefits include cross-margining efficiencies, streamlined settlement, and enhanced operational practices.