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Texture Capital Integrates with Canton Network to Advance Tokenized Securities Trading
Texture Capital Holdings and its subsidiaries have joined the Canton Network, the blockchain designed for institutional assets, marking a key step in expanding their tokenized securities trading capabilities. By operating a Canton node, Texture Capital is preparing to deploy its Alternative Trading System (ATS) and transfer agent services in the coming weeks. Texture’s ATS, run…
DOO Clearing Partners with Aurum Solutions to Automate Reconciliation and Ensure CASS Compliance
DOO Clearing, the UK-based FX broker and liquidity provider, has implemented Aurum Solutions’ reconciliation automation software to enhance compliance with the FCA’s Client Asset Sourcebook (CASS) regulations. The automation software ensures fast and accurate reconciliation, reducing the risk of human error and enabling DOO Clearing to meet regulatory requirements efficiently. Additionally, the implementation has saved…
Delta Capita Secures Multi-Year Agreement with HSBC for OTC Derivatives Services
Delta Capita, the financial technology and managed services provider, has been selected by HSBC to provide OTC derivatives confirmation and settlement services under a multi-year agreement. This partnership reinforces Delta Capita’s commitment to delivering efficient and standardised post-trade processes through its infrastructure-as-a-service model, aimed at reducing industry costs and meeting regulatory demands. To support its…
TMX Group Expands to US with Launch of AlphaX Alternative Trading System
TMX Group has announced the launch of AlphaX US, a new Alternative Trading System (ATS) venue designed to enhance execution quality for US-listed securities. This marks the first international expansion for TMX Group’s Markets division beyond Canada. AlphaX US will exclusively trade securities governed by Reg NMS, including common stocks, exchange-traded funds, and American depository…
Adaptive Reports 69% Growth in Product Revenue and Launches New Brand
Adaptive, the custom trading technology solutions provider, has reported significant growth in 2024, with product revenue increasing by 69% and overall revenue rising by 10%. The company expanded its client base, launched a new brand and website to reflect its evolution, and strengthened its leadership team. These milestones highlight Adaptive’s transformation from a capital markets…
Novobanco Expands Nasdaq Calypso Partnership to Streamline Capital Markets Operations
Novobanco and Nasdaq have announced the expansion of their long-standing technology partnership, with the Portuguese bank adopting Nasdaq’s Calypso platform to fully support its capital market operations. Having utilised Calypso for back-office processing for nearly two decades, Novobanco will now integrate its risk management and front-office functions into the system. This move aims to enhance…
Trading Technologies Launches TT Broker Scorecard to Enhance Trade Cost Analysis
Trading Technologies has introduced TT Broker Scorecard, a monthly report ranking global and regional equity brokers by liquidity and execution quality. The rankings are based on anonymised trade data from Abel Noser Solutions, which TT acquired in 2023. This new tool aims to provide buy-side market participants with insights into broker performance across various market…
ION Achieves Independent Software Vendor Status for Algorithmic Trading on BSE
ION has been registered as an Independent Software Vendor for algorithmic trading on the Bombay Stock Exchange (BSE). This registration enables BSE members to use ION’s Fidessa trading platform for algorithmic trading on the exchange. Following its earlier approval as an equities trading vendor on BSE in June 2024, ION’s certification affirms Fidessa’s compliance with…
LTX Builds on Partnership Approach for Streamlining Fixed Income Trading Connectivity
Late last year, LTX, the AI-driven fixed income trading platform backed by Broadridge Financial Solutions, announced a strategic partnership with e-trading technology provider TransFICC, aiming to simplify connectivity for bond dealers by enabling faster onboarding to LTX’s platform through TransFICC’s One API for eTrading. The new partnership comes in the wake of a similar arrangement…
How TS Imagine is Unlocking the Power of Data with AI and Snowflake
Exclusive Q&A with Thomas Bodenski, Chief Operating Officer, TS Imagine. From trading strategies to risk management and client interactions, financial institutions are continuously exploring how AI can enhance their businesses. Yet despite the hype and noise, many real-world use cases are still more promise than practice. Firms often face challenges in operationalising AI at scale,…