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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…
Integral Survey Points to API Infrastructure as Key to Corporate FX Automation
Corporate FX execution could see a significant shift towards API-driven and embedded workflows over the next five years, but the pace of change will depend heavily on whether banks and corporates can overcome integration challenges, according to a new survey from Integral, the currency trading and workflow automation solutions company. The survey, covering 143 corporate…
The Missing Audit Trail in Agentic Workflows
As investment firms move AI agents out of experimental environments and into live workflows, the governance problem is becoming harder to ignore. Much of the early discussion around agentic AI has focused on what agents can do: retrieve information, call tools, analyse data, generate recommendations and increasingly act on behalf of users. Once those agents…
Sigma Capital Partners MENA Selects TRAFiX for Global Equities Expansion
Sigma Capital Partners MENA Limited has selected TRAFiX’s order management system to support a new institutional trading capability, initially providing access to global equities markets. The Dubai International Financial Centre-based broker will use the platform to give clients streamlined access to global equities through a single OMS. The companies plan to extend the offering to…
MEMX Maps Technology and Product Expansion Following TMX-BOX Deal
Two weeks after announcing its proposed US$2.3 billion combination with BOX, MEMX is beginning to map out how the enlarged group will integrate its technology, broaden its options offering and support expansion into new products and asset classes. Jonathan Kellner, chief executive of MEMX, tells TradingTech Insight that the combination will bring together three distinct…