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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,…
Pico and BMLL Partner to Deliver Integrated Real-Time and Historical Market Data Solution
Pico, the global provider of financial markets technology services, has partnered with BMLL, the independent provider of historical data and analytics, to offer an integrated solution that combines real-time and historical market data to support research, liquidity analysis, and trading optimisation. The collaboration leverages Pico’s real-time data feeds and global infrastructure alongside BMLL’s Level 3,…
Broadridge Unveils AI-Powered Algorithm Insights Service for NYFIX
Broadridge Financial Solutions has introduced an AI-driven algorithm insights service for its NYFIX network, aimed at enhancing trading accuracy and reducing costs for buy-side firms. The new service leverages real-time liquidity mapping to help asset managers, hedge funds, and other institutional traders optimise their algorithmic trading strategies and improve performance. The solution, the first of…
Beyond the AI Hype: Six Trading Technology Trends to Watch in 2025
The trading technology landscape is heading into 2025 with unprecedented momentum, driven by a convergence of regulatory changes, market structure reforms, and advances in core infrastructure technologies. While artificial intelligence dominates much of the conversation around fintech, the year ahead will also be shaped by broader, practical shifts—from faster settlement cycles and rising data costs…