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Sterling Launches STRIDER for 24-Hour Web and Mobile Trading
Sterling Trading Tech has launched STRIDER, an AI-driven web and mobile trading platform designed to support increasingly global and extended-hours trading. The platform provides 24/7 access to US equities and options trading through browsers and mobile devices, covering workflows ranging from straightforward equity execution to complex options strategies. It is interoperable with Sterling’s desktop environment…
Digital Assets Move Closer to the Institutional Trading Stack as Caplin Launches Hosted Platform
Institutional digital asset trading is beginning to confront a familiar problem: as the market grows, the technology supporting it has to move beyond specialist systems and manual workflows towards the kind of integrated infrastructure already established in markets such as FX. That shift is behind the launch of a new hosted, white-label digital asset trading…
ION and Coinbase Scale Infrastructure for Kalshi Event Contracts
Coinbase has selected ION’s XTP for Event Contracts to support clearing for Kalshi’s prediction market, providing automated, real-time processing for event-based contracts. The platform supports contract creation, resolution and settlement alongside real-time execution processing, with automated 24/7 operations and capacity to onboard tens of thousands of accounts per day. ION and Coinbase began working together…
FIX Extends Electronic Trading Standards to Securities Lending
The FIX Trading Community has published new guidance for electronic securities lending, establishing common workflow practices designed to support greater automation across the market. The guidelines provide a standard electronic messaging framework for securities lending contracts conducted bilaterally or through trading venues. They cover quote negotiation workflows, last look and Free of Payment (FOP) lending,…
Appital Brings High-Touch Risk Liquidity into the Electronic Workflow
Appital,the institutional buy-side liquidity platform, is extending into an area of equities trading that has remained stubbornly dependent on high-touch interaction, adding continuous institutional risk pricing through a new integration with Citadel Securities. The development, part of the rollout of Appital V2, will give institutional asset managers electronic access to extended liquidity across more than…
Adroit Integrates Cross-Asset EMS with BlackRock Aladdin
Adroit Trading Technologies has integrated its multi-asset execution management capabilities with BlackRock’s Aladdin platform, enabling mutual clients to access Adroit’s trading functionality directly through Aladdin. The multi-year partnership is designed to streamline institutional trading workflows and improve operational efficiency across fixed income, currencies and OTC derivatives. Adroit said the integration comes as OTC markets undergo…
Kalshi Takes Prediction Markets into European Securities Infrastructure
Prediction markets are moving another step towards the infrastructure of conventional capital markets, with Kalshi partnering with FCA-regulated structured products issuer Otala.Markets to make exposure to selected event contracts available to European investors through listed securities. Under the agreement, Otala will issue securities referencing markets traded on Kalshi, beginning with contracts linked to US Federal…
Putting Quantum Computing to the Algo Trading Test
Quantum computing has long been discussed in capital markets as a technology with potentially transformative applications, but one whose practical impact remains some way off. Recent work by HSBC and IBM suggests the gap between quantum research and real-world trading may be starting to narrow. In a study using production-scale European corporate bond trading data,…
Sense Street Brings AI Workflow Automation to Primary Bond Issuance
Fixed income markets have undergone substantial electronification over the past two decades, but parts of the primary issuance process remain surprisingly manual. On busy new-issue days, salespeople can still spend significant amounts of time reading investor orders and amendments from chat conversations and manually entering them into bookbuilding systems. Sense Street, the capital markets AI…
FIX and Investment Association Set Roadmap for Electronic Equity Issuance
The FIX Trading Community and Investment Association have published an industry framework aimed at moving equity capital raising towards fully electronic workflows. Developed by FIX’s Equity Issuance Working Group, the recommended practices set out how the FIX protocol can support digital bookbuilding and deal allocation, initially focusing on Accelerated Bookbuild Offerings (ABOs). The framework covers…