Editor's pick
The Always-On Exchange: Rebuilding Market Infrastructure for 24/5 and Beyond
US equity markets are moving towards a much longer trading day. Major exchanges are preparing for 23-hour trading, five days a week, while the Securities and Exchange Commission (SEC) recently devoted a roundtable to the operational, resilience, clearing and market-structure implications. Overnight trading remains relatively small – accounting for less than 1% of NMS stock...
Top Blogs
Substantive Research Finds AI Driving Market Data Costs Higher as Investment Research Budgets Stall
Two new studies from Substantive Research reveal contrasting commercial pressures across the financial information industry, with market data vendors seeking substantial premiums for AI-enabled access while investment research providers struggle to translate growing machine consumption into additional revenue. The findings highlight how artificial intelligence is reshaping the economics of financial information, raising questions about pricing...
How AI is Reshaping the Buy/Build Calculus for Capital Markets Technology
Artificial intelligence is changing the economics of technology development across capital markets, making it faster and cheaper for firms to build their own applications. But while AI is lowering the barriers to software development, it is also raising questions about long-term ownership costs, the pace of vendor innovation and where firms should focus their technology...
Data and Governance Take Centre Stage in AI Adoption
Financial institutions are making significant progress in deploying agentic AI, but differences in data infrastructure, governance and commercial priorities are creating a widening gap between those scaling the technology and those still experimenting, according to new research from A-Team Group. The study, commissioned by LSEG Data & Analytics and based on responses from 200 senior...
Latest briefs
SOLVE Previews New Issue Monitor for Structured Credit Markets
SOLVE has unveiled New Issue Monitor, a new capability within its SOLVE Quotes platform that combines structured credit primary market deal information with secondary market pricing and trading data. Previewed at the ABS East conference in Miami, the solution enables portfolio managers, traders and analysts to track new issues from announcement through bookbuilding and pricing,…
tZERO Secures CFTC Clearing Approval to Expand into Derivatives Infrastructure
tZERO Group has received approval from the Commodity Futures Trading Commission (CFTC) to register its subsidiary, tZERO DCO, as a derivatives clearing organisation, extending its regulated market infrastructure beyond securities and tokenised assets. The company expects approval of its separate designated contract market (DCM) registration to follow, enabling it to develop exchange and clearing services…
Plus500 Agrees to Acquire Brazilian Broker-Dealer Guru to Expand Latin American Operations
Plus500 has conditionally agreed to acquire Brazilian broker-dealer Guru Corretora de Títulos e Valores Mobiliários, establishing a regulated local presence in Latin America’s largest economy and expanding its regional trading operations. Guru is regulated by the Central Bank of Brazil and the country’s Securities and Exchange Commission (CVM). The acquisition will provide Plus500 with local…
B2PRIME Expands Tier-1 Liquidity Access and Institutional Trading Infrastructure
B2PRIME Group has expanded its institutional liquidity infrastructure, securing additional capacity with its Tier-1 prime broker and extending relationships with major banks and financial institutions to support larger trading volumes and more complex execution requirements. The expansion strengthens B2PRIME’s prime-of-prime offering through a broader network of banking and non-bank liquidity providers, enabling the construction of…
Zema Global Expands Marex Partnership to Broaden Energy and Commodity Market Data Coverage
Zema Global has expanded its partnership with Marex, extending the range of energy, environmental and commodity market datasets available through its Decisioning Infrastructure platform. The agreement provides Zema customers with additional pricing, forward curve, index and historical data covering crude oil, refined products, freight, petrochemicals, natural gas liquids and biofuels across Europe, North America and…
Square Capital Selects Confluence Revolution API for Integrated Risk Analytics
Paris-based asset manager Square Capital has selected Confluence Technologies’ Revolution risk API to enhance its investment risk analytics as it expands into more complex investment strategies, including structured products. The implementation will integrate Confluence’s quantitative risk engine directly into Square Capital’s proprietary technology platform, allowing the firm to extend its analytical capabilities without replacing existing…
Movantis Selects Integral to Expand Institutional FX Liquidity Across Latin America
Movantis, the cross-border financial infrastructure provider, has selected Integral’s FX technology platform to strengthen its institutional liquidity offering across Latin America, supporting banks, payment networks and digital asset operators. The company has integrated Integral FX, a full-stack platform combining pricing, liquidity aggregation, risk management and distribution capabilities. The deployment will allow Movantis to consolidate its…
HPR’s HYPRCUBE Matching Engine Achieves Five-Microsecond Latency in Independent Testing
HPR has announced the results of independent performance testing conducted by Exactpro on HYPRCUBE, its fully hardware-based exchange matching engine, demonstrating median order roundtrip latency of approximately five microseconds under production-like load conditions. HYPRCUBE uses an integrated hardware architecture designed to deliver deterministic latency and throughput reaching tens of millions of messages per second. The…
Sterling Trading Tech and Atlas Digital Markets Partner on Integrated Best Execution Analytics
Sterling Trading Tech has partnered with Atlas Digital Markets to integrate transaction cost analysis (TCA) directly into its OMS 360 platform and Sterling Data Warehouse, enabling trading firms to measure execution quality using their complete order and execution histories. Scheduled for availability in Q4 2026, the integration will allow compliance, risk and trading teams to…
FIX Trading Community Publishes Standardised Margin Reporting Framework
The FIX Trading Community has published new guidance establishing a standardised messaging framework for margin requirement reporting between asset managers and clearing brokers or swap providers. Developed by FIX’s Post-Trade Committee, the specification aims to simplify how buy-side firms request and receive margin information from counterparties, reducing reliance on manual processes and bespoke reporting arrangements….
Exegy Launches Hardware-Timestamped Market Data Capture Service
Exegy has partnered with packet capture specialist FMADIO to launch a new end-of-day PCAP service, providing hardware-timestamped raw market data through its Axiom consolidated feed infrastructure. Available across all Axiom points of presence, the service enables trading firms to access high-precision market data captures without deploying and maintaining their own packet capture infrastructure. The offering…
Plus500 Acquires Hedge to Expand US Securities Offering Ahead of Multi-Asset Platform Launch
Plus500 has conditionally agreed to acquire Hedge Capital Markets, expanding its US operations into SEC-regulated securities trading ahead of the planned launch of a unified multi-asset trading platform in Q1 2027. Hedge, founded in 2021, operates an SEC-registered, FINRA-member broker-dealer providing US retail investors with access to exchange-listed securities, including stocks and ETFs. The acquisition…
LSEG and CMC Markets Sign Multi-Year Financial Data Agreement
LSEG and CMC Markets have entered into a multi-year strategic agreement expanding CMC’s access to financial data, news and analytics to support the growth of its multi-asset trading and investment businesses. Under the agreement, CMC will gain broader access to LSEG’s real-time and delayed pricing, reference data, corporate actions information, news and analytical content. The…
CME Group Introduces Baseball Futures Based on Team Performance Indexes
CME Group has announced the launch of what it describes as the world’s first baseball futures contracts, extending its derivatives offering into professional sports. The contracts were scheduled to begin trading on 12 October, subject to regulatory review. Developed with FutureSports, the contracts track CME FutureSports Performance Indexes (FSPI), which use official league statistics to…
FactSet Expands Partnership with Scotia Wealth Management
FactSet has expanded its partnership with Scotia Wealth Management, part of Scotiabank, to provide broader access to investment research, market data and portfolio analytics across the Canadian wealth management business. Under the expanded agreement, financial advisers, investment professionals and support teams will gain access to FactSet’s unified research and intelligence platform, bringing together investment research,…
Latest people
Infront Appoints Jeff Caldwell as Head of Content to Strengthen Data Strategy
Infront has appointed Jeff Caldwell as Head of Content, effective 1 October, with responsibility for the financial data provider’s content strategy, data quality, governance and delivery processes. Caldwell joins from Deutsche Börse Group, where he served as Product Manager, Market Data, overseeing analytical infrastructure supporting pricing, reporting and decision-making. Previously, he spent almost four years…
MKI Global Partners Launches Emerging Markets Practice Led by Alex Alencar
MKI Global Partners has established a new emerging markets advisory practice, initially focusing on Latin America, and appointed Alex Alencar as Managing Director to lead the expansion. The new practice will support MKI’s existing clients pursuing investment and business opportunities in emerging markets, while advising regional investors and companies navigating complex situations in international markets….
Clearstream Appoints Philippe Mueller to Lead Digital Fund Products and Transformation
Clearstream has appointed Philippe Mueller as Head of Digital Products and Transformation for Clearstream Fund Services, effective immediately, as the Deutsche Börse Group business continues developing its digital fund infrastructure. Mueller will oversee the development and adoption of digital fund solutions, focusing on distributed ledger technology (DLT), fund distribution, transfer agency innovation and private markets…
Caplin Systems Appoints Steve Charlesworth as Chief Technology Officer
Caplin Systems has appointed Steve Charlesworth as Chief Technology Officer, taking responsibility for the company’s technology strategy as it expands its institutional trading solutions into new asset classes and markets. Charlesworth brings nearly 20 years of experience in electronic FX trading technology, having held positions at UBS, BBVA, Morgan Stanley and Crédit Agricole CIB, alongside…
Tokenovate Appoints William L’Heveder as Chief Revenue Officer
Tokenovate has appointed former BMLL executive William L’Heveder as Chief Revenue Officer, with responsibility for expanding the company’s commercial pipeline and driving institutional adoption of its post-trade and programmable settlement technology. L’Heveder spent more than seven years at BMLL, where he helped scale the historical market data and analytics provider through to its acquisition in…
Connamara Technologies Promotes Daniel Davis to President
Connamara Technologies has promoted Daniel J. Davis to President as the trading infrastructure provider targets further expansion across new markets, geographies and asset classes. Davis was previously Chief Revenue Officer and has been with Connamara since 2022, initially joining as Head of Growth. He has played a central role in developing the company’s commercial strategy…
Valstro Appoints Chris Valpone as Head of Sales
Valstro has appointed Chris Valpone as Head of Sales as the cloud-native order management system provider expands its US operations and moves into its next phase of commercial growth. Valpone joins from Quod Financial, where he served as Head of Sales for the Americas. He brings 25 years of financial services experience, including senior sales…
DTCC Appoints Samir Pandiri as Chief Client Officer
DTCC has appointed Samir Pandiri as Managing Director and Chief Client Officer, joining the company’s Executive Committee and reporting to President and CEO Frank LaSalla. Pandiri will oversee DTCC’s Global Client Management organisation, including client leads, relationship management and growth, partnerships and strategic alliances. His remit also covers DTCC Consulting Services and Marketing & Communications,…
Trading Technologies Names Maxime Jeanniard du Dot to Lead Margin Business
Trading Technologies (TT) has promoted Maxime Jeanniard du Dot to EVP, Margin Analytics, giving him responsibility for the TT Margin business created following the company’s acquisition of OpenGamma in December. Jeanniard du Dot spent 10 years as Chief Operating Officer of OpenGamma before its acquisition by TT. The firm’s margin analytics technology is used by…
Broadridge Appoints Alex Duggan to Lead International BPO Growth
Broadridge Financial Solutions has appointed Alex Duggan as Head of BPO International, with responsibility for expanding its business process outsourcing operations across EMEA and Asia-Pacific. Duggan will also oversee the continued development of Broadridge’s Glasgow hub, which the company is positioning as a strategic UK centre for client service, operational innovation and technology-led delivery. The…
Trading Technologies Appoints Katie Price to Lead Data, Analytics and Compliance
Trading Technologies (TT) has appointed Katie Price as EVP, Global Head of Data, Analytics and Compliance, bringing its previously separate data and analytics and compliance businesses under a single leadership structure. The combined business includes TT TCA and TT Trade Surveillance, reflecting what the company sees as growing convergence between data-driven analytics, regulatory reporting, oversight…
BMLL Appoints Brad Hunt as Board Chairman Following Nordic Capital Acquisition
BMLL, the provider of harmonised historical Level 3, 2, and 1 market data and analytics, has appointed Brad Hunt as Chairman of the Board. Hunt succeeds Lee Hodgkinson, who will remain on the board as an independent Non-Executive Director (NED). Hunt brings 30 years of experience in financial data businesses, having most recently served as…
Dr Lisa Cameron Joins Stablecoin Standard to Lead Government Relations
Stablecoin Standard has appointed Dr Lisa Cameron to support its government relations and policy engagement across the United Kingdom and United States. In her new role, she will focus on convening global policymakers and members through a series of dedicated initiatives, including roundtables, networking dinners, and international trade missions. Dr Cameron brings extensive legislative and…
Genesis Global Announces Key Leadership Appointments to Propel AI-Driven Capital Markets Growth
Genesis Global has announced five senior leadership promotions to support increasing client demand for efficient, compliant software delivery in capital markets. The appointments are strategically positioned to help financial institutions integrate artificial intelligence into their development processes. By combining AI capabilities with a library of established capital markets workflows and components, the Genesis platform ensures…
BMLL Appoints Michael Chiappinelli as Chief Revenue Officer to Drive Global Growth
Capital markets data and analytics provider BMLL has appointed Michael Chiappinelli as Chief Revenue Officer. Based in the United States, Chiappinelli will lead the company’s international commercial strategy and global sales function, reporting directly to Chief Executive Officer Paul Humphrey as part of the executive management team. His appointment follows the company’s acquisition by Nordic…
Featured
FEATURED WEBINAR
Upcoming Webinar: The Vanishing Close: Rethinking Trade Surveillance for Always-On Markets
Date: 2 December 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Global markets are moving steadily towards longer and increasingly continuous trading. Extended-hours initiatives in US equities, the growth of overnight venues and the emergence of new markets and instruments are challenging assumptions that have underpinned trading and surveillance systems…
FEATURED EVENT
Buy AND Build: The Future of Capital Markets Technology
Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.
FEATURED GUIDE
AI in Capital Markets Handbook 2026
AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied…
Top White Papers
Generative and Agentic AI in Financial Markets: From Pilot to Platform
Financial markets are at an inflection point in their relationship with artificial intelligence. The question is no longer whether to invest, it is how quickly institutions can move from experimentation to operational deployment, and what separates the firms that are scaling from those still stuck in extended pilot phases. The gap is wider than most...
The economics of modernising equities trading infrastructure
Equities markets are becoming more fragmented, interconnected and continuously available. Liquidity is spreading across venues and geographies, trading hours are extending, and firms are processing more market data and supporting increasingly complex execution workflows. These changes are placing new demands on trading infrastructure. Many traditional platforms continue to deliver excellent latency and throughput, but were...
From volatility to visibility: The fixed income intelligence shift
Fixed income markets are undergoing a fundamental structural shift, transforming how institutions price risk, govern data and make decisions at scale. The convergence of cloud-based delivery, AI-enabled analytics, expanding private credit markets and heightened regulatory scrutiny, is redefining what ‘confidence’ means in fixed income workflows. Access to third-party pricing and valuations alone is no longer...
Events and webinars
Digital Assets & Tokenisation Briefing, New York
A-Team Group’s Digital Assets & Tokenisation Briefing assembles an exclusive group of CxOs and senior technology innovators. These leading market practitioners and infrastructure providers are collectively building the digital rails and decentralised networks that will power Wall Street 2.0.
Find out more
Upcoming Webinar: Post-Trade Transformation: Automating Clearing & Settlement
Date: 1 December 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The UK, EU and Swiss markets move to T+1 settlement on 11 October 2027, but the first binding compression arrives almost a year earlier. ESMA’s amended settlement discipline RTS expects allocation and confirmation completed by 23:00 CET on trade...
Upcoming Webinar: The Vanishing Close: Rethinking Trade Surveillance for Always-On Markets
Date: 2 December 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Global markets are moving steadily towards longer and increasingly continuous trading. Extended-hours initiatives in US equities, the growth of overnight venues and the emergence of new markets and instruments are challenging assumptions that have underpinned trading and surveillance systems...
Awards
Capital Markets Technology Awards APAC
A-Team Group is proud to unveil the winners of this year’s Capital Markets Technology Awards APAC. Now in its second year, this program highlights the exceptional technology providers and financial institutions driving the next wave of innovation across the Asia-Pacific financial ecosystem.
