Leading Global Banks Join LTX as Fully Integrated Liquidity Providers

LTX, the AI-driven corporate bond e-trading platform backed by Broadridge Financial Solutions, has announced that Goldman Sachs, J.P. Morgan, TD Securities, Morgan Stanley, and Bank of America have joined as fully integrated liquidity providers. This expansion strengthens the platform’s capacity to provide investment-grade and high-yield bond liquidity to its growing network of over 40 providers and 100 buy-side investors. As part of this integration, J.P. Morgan and TD Securities will each appoint a representative to the LTX Board of Directors.

The platform utilizes patented AI and execution protocols to address long-standing challenges in the corporate bond market, such as high data costs and the complexity of executing large-sized trades. By facilitating direct, fully disclosed trading, LTX aims to preserve essential dealer-client relationships while lowering overall transaction costs. The platform also features BondGPT Intelligence, a generative AI tool that uses large language model orchestration to help traders identify opportunities and execute workflows more efficiently.

These developments highlight a significant move towards further electronification of the fixed income market. By combining innovative execution protocols with the support of major global financial institutions, LTX seeks to improve liquidity and provide more transparent e-trading options. This milestone reinforces Broadridge’s broader strategy of integrating intelligent trading solutions into the corporate bond ecosystem to enhance market efficiency.

Jito Labs Launches JTX Self-Custodial Trading Platform on Solana

Jito Labs, the team behind JitoSOL and the Jito Block Engine, has announced the launch of JTX, a self-custodial trading platform designed for the Solana network. Unveiled by CEO Lucas Bruder at Solana Accelerate in Miami, JTX aims to provide professional-grade execution and order types on-chain. The platform allows users to maintain full custody of their assets while accessing features typically associated with centralised exchanges, such as resting limits, brackets, OCO, and stop orders, alongside persistent TradingView charting.

The initial launch supports spot trading for verified Solana assets and Real World Assets (RWAs), with plans to expand into perpetuals and prediction markets. JTX is positioned to capture high-volume trading that currently occurs on centralised exchanges or competing blockchains. Its revenue model aligns with the existing Jito Protocol architecture: 80% of protocol revenue flows to the protocol, benefiting JTO token holders through fee-sharing, while the remaining 20% is reinvested into product development. The waitlist for early access is now open.

ISI Launches AI-Powered Corporate Debt Intelligence Platform for Emerging Markets

ISI, a global provider of market intelligence, has launched a new platform designed for investors, bankers, and advisers focusing on emerging market corporates. Powered by REDD intelligence and the proprietary AI tool AskISI, the platform covers public bonds, private credit, and primary debt issuance. It aims to provide transparency in opaque markets by surfacing credit risks and event-driven dislocations before they trigger market reactions.

The hub integrates financial data, restructuring developments, and M&A activity for over 2,100 hard-currency corporate bond issuers. It offers deep coverage of high-yield and crossover credits, supported by ten years of historical data and detailed financials for 1,700 companies. Users can utilise AI-driven research to extract insights from more than 7,000 bond prospectuses and documents, significantly reducing manual research time.

This launch follows the introduction of REDD for Sovereign Debt and features a redesigned interface with personalised alerts and custom watchlists. By consolidating fragmented data and local expert insights into a single experience, the platform enables portfolio managers and credit analysts to track developments from origination through to secondary market performance.

TS Imagine Integrates OpenYield to Enhance Fixed Income Trading Efficiency

TS Imagine has announced the integration of OpenYield, an SEC-registered alternative trading system (ATS), into its TradeSmart platform. This partnership provides TradeSmart users with direct access to OpenYield’s all-to-all marketplace, facilitating automated liquidity for municipal, corporate, and government bonds. The move addresses the increasing demand for transparency and “equity-like” efficiency in fixed income markets, particularly within the fragmented municipal bond sector.

TradeSmart clients can now route orders to a venue specifically designed for programmatic and systematic execution. This supports modern trading requirements such as automated rebalancing and portfolio execution, which currently drive the majority of fixed income volumes. The integration also assists firms in meeting their best execution obligations under Reg BI by providing a transparent, defensible audit trail through live, third-party benchmarked quotes.

The effectiveness of this integration is supported by independent data from BondWave, which analysed OpenYield’s Q3 2025 execution quality. The analysis demonstrated significant price improvements over broader market benchmarks, including 44 basis points for municipal bonds and 17 basis points for corporate bonds. By streamlining manual workflows and providing access to firm liquidity, the collaboration helps trading desks navigate the complexities of a market containing over one million individual securities.

Trading Technologies Expands TT FX Platform to Include Forwards and Swaps

Trading Technologies International, Inc. (TT) has announced a significant expansion of its TT FX platform, broadening its product coverage for institutional foreign exchange and precious metals traders. While previously focused on spot FX, the platform now supports forwards, NDFs, and swaps. This update integrates liquidity from a wider range of bank and non-bank providers, supplementing existing connections to primary FX venues and electronic communication networks.

The enhanced offering allows clients to manage OTC and exchange-traded instruments through a single EMS. Key technical features include the integration of bank algorithms, low-latency execution via co-located servers, and the Autospreader tool for simultaneous multi-asset hedging. Additionally, the platform introduces dedicated FX liquidity ladders and a unified post-trade workflow, which provides a streamlined data feed to prime brokers and risk management systems. This expansion aims to provide a deeper liquidity pool and more efficient multi-asset execution within a unified interface.

SIX Receives FINMA Approval to Integrate Digital Asset Services and Launch Crypto Custody

The Swiss financial infrastructure provider, SIX, has secured approval from the Swiss Financial Market Supervisory Authority (FINMA) to merge its digital central securities depository, SIX Digital Exchange AG, into SIX SIS AG. This strategic consolidation integrates digital and traditional asset services into a single legal entity, establishing a unified foundation for post-trade services across diverse asset classes.

In addition to the merger, SIX has been authorised to provide crypto custody services through its licensed Central Securities Depository. This development represents another step in the evolution of regulated institutional market infrastructure, allowing financial institutions to manage crypto assets within the same framework used for traditional securities.

By connecting traditional and digital assets through a single, scalable post-trade environment, SIX aims to reduce systemic complexity and streamline the management of digital holdings for market participants.

TRG Screen Launches Contracts AI to Automate Market Data Agreement Analysis

TRG Screen has introduced Contracts AI, a new feature within its Optimize Spend platform designed to streamline the management of market data contracts. This AI-powered tool enables financial institutions to automatically extract and interpret complex usage rights, restrictions, and obligations from legal documents. By converting static contracts into structured, operational data, firms can now ingest critical information into their management systems in minutes rather than the hours or days previously required for manual analysis.

The solution addresses an industry bottleneck where a single vendor contract can take up to six hours for a specialist team to review. Contracts AI identifies key terms and provides full traceability to the original source clauses, ensuring that answers to compliance and renewal questions are auditable. This automation aims to reduce the administrative burden on legal, procurement, and compliance departments while minimising the risk of data misuse or missed obligations.

DTCC and SSImple Collaborate to Automate Standing Settlement Instructions

The Depository Trust & Clearing Corporation (DTCC) has partnered with SSImple to streamline the submission of Standing Settlement Instructions (SSIs) into the ALERT database. By integrating SSImple’s SSI Comply product with ALERT, custodians can now automate the delivery of validated and accurate SSI data. This move aligns with the Financial Markets Standards Board (FMSB) Core Principle 1, which advocates for SSI automation to mitigate settlement risks.

The collaboration aims to eliminate manual data workarounds, which are a primary cause of trade failures. SSImple’s solution acts as a central, validated source for custodians, ensuring that information is clean and complete before it reaches the global ALERT database. This standardisation is particularly vital as the industry prepares for the transition to a T+1 settlement cycle in Europe, where compressed timeframes demand higher operational precision.

By automating these flows by the end of 2026, the partnership seeks to create a more resilient post-trade infrastructure. This scalable foundation reduces the likelihood of errors and provides market participants with the necessary tools to navigate tightening regulatory requirements and shorter settlement windows with increased confidence.

Validus Risk Management Integrates Real-Time Liquidity-at-Risk Analytics into TradeView

Validus Risk Management has announced the integration of Liquidity-at-Risk (LaR) analytics into TradeView, a core component of its Horizon platform. This update provides private fund managers with real-time visibility into potential liquidity requirements, enhancing the firm’s existing technology suite. While LaR analytics were previously available on an end-of-day basis via the RiskView module, this integration brings live-feed pricing and up-to-date insights directly into the trading workflow.

The enhancement allows fund managers to assess worst-case liquidity scenarios and the impact of specific hedging transactions closer to the point of execution. By accessing these insights in real time, clients can better evaluate counterparty options and optimise trade execution to ensure they meet capital requirements during market stress. These LaR values are frequently used by managers in investor presentations to demonstrate robust risk management and fund stability.

The new functionality is powered by Validus’ proprietary quantitative engine, which has been developed in-house over the last decade. By using a single underlying framework for scenario analysis, pricing, and liquidity assessments, the platform ensures technical consistency across advisory, trading, and financing operations. This streamlined approach provides private capital firms with a more accurate and integrated method for managing complex financial risks.

Taskize and TCS Integrate Exception Management Into TCS BaNCS Platform

Taskize, the Euroclear-owned investment operations collaboration platform, has partnered with Tata Consultancy Services (TCS) to embed its collaboration and exception management functionality into the TCS BaNCS platform. This integration allows financial services users to raise, resolve, and track queries related to the trade lifecycle – such as corporate actions and settlement breaks – without leaving their core processing environment. By eliminating the need to switch between disparate interfaces and legacy communication tools, the partnership aims to improve operational efficiency for global custodian banks.

The integration automatically captures and includes contextual data, including ISINs and transaction amounts, within Taskize’s secure and auditable communication channels. Following successful joint proofs of concept, the live system is designed to reduce manual intervention and enhance real-time collaboration between counterparties. Ultimately, this streamlined workflow minimises the risk of data inaccuracies and ensures a more seamless exchange of information across the investment operations landscape.