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FIX Trading Community Proposes Recommendations for AI Regulation
The FIX Trading Community has submitted ten formal recommendations to the Monetary Authority of Singapore (MAS) regarding AI risk management in financial markets. This response addresses the growing integration of large language models and machine learning within algorithmic trading. The proposed framework aims to mitigate the risk of market instability and “contagion” caused by the…
CloudMargin and Derivative Path Partner on Integrated Derivatives and Collateral Management
CloudMargin, the collateral management technology provider, and Derivative Path, the derivatives management platform, have entered into a strategic partnership to deliver an integrated front-to-back workflow for over-the-counter derivatives and collateral management, targeting regional and community banks as well as buy-side institutions. The partnership brings together Derivative Path’s DerivativeEDGE platform and CloudMargin’s cloud-native collateral and margin…
CFTC File Format Change to Impact Futures Data Management Teams
For futures commission merchants, clearing members, proprietary trading firms, and banks with material futures and options exposure, the transition of CFTC Part 17 Large Trader Reporting to FIX Markup Language (FIXML) is a test of data management maturity. This change directly affects firms responsible for aggregating, validating, and submitting large trader position data, often across…
STP Investment Services Enhances Trade Data Management with SmartSettle AI Integration
STP Investment Services (STP) has updated its Lightspeed Trade Data Management System (TDMS) by integrating SmartSettle AI. This new module adds a layer of predictive intelligence to existing post-trade workflows, moving beyond standard automation. The integration provides STP’s settlement teams with real-time visibility and normalised data across various custodians, brokers, and asset classes, allowing for…
UK Equity Consolidated Tape and EU MiFIR – Two Data Regimes, One Control Problem
The UK’s proposed equity consolidated tape is framed as a response to long-standing fragmentation in equity market data. By aggregating post-trade information and an attributed best bid and offer across trading venues, the tape is intended to provide a single, standardised view of UK equity trading. At the same time, transaction reporting under the Markets…
Why Do We Disagree? How AI Solves One of Post-Trade’s Most Persistent Challenges
By Carl Thornberg, head of optimisation and analytics technology, OSTTRA. In post-trade operations, most problems are not caused by outright errors, they are caused by ambiguity. Trades that look different but are not wrong. Valuations that diverge for valid reasons. Numbers that do not line up, even though nothing has actually gone awry. At scale,…
Clearstream and LCH SA Expand Settlement Services for Italian Government Debt
Clearstream and LCH SA have extended their existing partnership to include settlement services for Italian government debt. This development allows LCH SA clearing members to settle all Italian sovereign debt instruments, including cash and repo transactions, through Clearstream’s international and domestic central securities depositories (CSD). The service is scheduled to go live during 2026. By…
World Federation of Exchanges Urges Regulators to Balance Quantum Risk with Near-Term Cyber and AI Threats
The World Federation of Exchanges (WFE) has called on regulators to balance long-term quantum computing risks against more immediate operational challenges in the financial sector. The association’s press release highlights a substantial gap between regulatory expectations for early preparation and the industry’s current prioritisation of nearer-term threats such as generative artificial intelligence (GenAI) and cyber…
Basel III / FRTB: One Framework, Multiple Timelines, Mounting Pain for Global Firms
For much of the past decade, Basel III has been discussed as a global regulatory reform programme moving at uneven speed, but broadly in the same direction. The UK Prudential Regulation Authority’s confirmation of its Basel 3.1 timetable brings welcome clarity for firms operating in the UK market, yet it also underlines a deeper reality:…
Capital.com Selects Duco to Automate Client and Payment Reconciliations
Capital.com, the global fintech group and online trading platform, has selected Duco to transform its critical client and payment reconciliation processes. By deploying Duco’s AI-powered operational data automation platform, Capital.com intends to manage the increasing volume and complexity of its data inputs more effectively. This strategic move is designed to provide a flexible and modern…