J.P. Morgan Automates US Listed Options Matching with DTCC’s CTM

J.P. Morgan is now using DTCC’s CTM automated trade matching workflow for US listed options, targeting greater efficiency in commissions reconciliation and post-trade processing. The workflow is designed to increase straight-through processing by standardising trade matching and reducing manual reconciliation. CTM can automate the handling of commission breaks, removing the need for customised reports and file reconciliations between individual trading counterparties, while accelerating submissions to clearing.

Adoption of the US listed options workflow has grown since DTCC introduced the capability in 2023. Thirty-two buy-side clients are now live in production, while monthly matched volumes have increased 525% since July 2024. CTM also supports the Clearing Member Trade Assignment process with additional account and clearing broker information, enabling automated communication of allocation details and helping reduce clearing delays and mismatches.

Options Partners with ZutaCore on Liquid-Cooled Trading Infrastructure

Options Technology has partnered with ZutaCore to deploy high-density, waterless liquid-cooled compute infrastructure across its global financial services platform. The agreement gives Options clients access to ZutaCore’s HyperCool technology, a two-phase, direct-to-chip cooling system designed to support high-power processors while keeping water out of the IT environment. The companies say this can enable higher compute densities while improving efficiency and reliability.

Options plans to integrate the technology into its broader infrastructure offering as rising compute requirements create greater power-density and thermal challenges across financial markets.

While liquid cooling has gained prominence alongside AI infrastructure, Options also sees growing requirements across electronic trading, quantitative analytics, market data processing and real-time risk modelling as these workloads become increasingly compute-intensive.

Your Bourse Introduces Virtual Groups for Multi-Platform Routing

Your Bourse has introduced Virtual Groups, a new capability designed to simplify routing management for brokers operating across multiple connected trading platforms. The functionality allows brokers to combine native client groups from different trading servers into a single virtual grouping, enabling them to manage common routing requirements more centrally. Initial routing rules are configured on each relevant platform, after which additional native groups can be added to the Virtual Group from one location.

The approach is intended to reduce the need for brokers to maintain identical group-level routing configurations separately across multiple servers as their trading environments grow and change. Virtual Groups can be incorporated into routing configurations including hedging-related workflows. Your Bourse said the functionality is particularly suited to brokerages operating increasingly complex multi-platform infrastructures, where client groups spread across different servers need to follow common routing logic. The company has demonstrated the capability using client logins across MT4 and MT5.

Purple Group Launches Fintech Infrastructure Platform Hello Purple

Purple Group has launched Hello Purple, a fintech infrastructure platform designed to simplify the development and launch of financial products by providing access to technology and regulated financial capabilities.

Built on infrastructure developed across Purple Group’s existing fintech businesses, the platform brings together services spanning payments, trading and embedded finance. It targets entrepreneurs, developers and companies that would otherwise need to integrate multiple technology and payments providers and navigate potentially lengthy regulatory processes.

The platform is intended to give users access to financial infrastructure and capabilities that have traditionally required significant investment and specialist expertise, potentially reducing the barriers to bringing new fintech products to market. Alongside the infrastructure platform, Hello Purple will publish research into agentic finance, including testing of development tools, case studies of products built using the platform and analysis of the emerging ecosystem.

SOLVE Expands Fixed Income Data and Trading Workflow Tools

SOLVE has introduced a series of enhancements to its fixed income platform, spanning TRACE market data, structured credit workflows and relative value analytics. The new TRACE Data Product Suite brings reported trade activity into SOLVE’s MBS Source workflow alongside collateral characteristics, historical offers, BWIC results and other security-level information. Coverage includes agency and non-agency MBS and CMOs, ABS and CMBS.

SOLVE has also enhanced its BWIC Monitor to help structured credit desks manage multiple live bid processes. New features include shared security-level statuses, change tracking and inline notes, combined with dealer inventory, historical quotes and predictive pricing.

Further enhancements to SOLVE’s Relative Value Analysis provide persistent access to user-created and SOLVE-provided analyses within its Quotes platform. Users can also filter dealer axe indications by timeframe, side and source. The updates are designed to connect fixed income data, analytics and trading workflows more closely and reduce the need to move between systems.

FutureSports and MLB Pave Way for Team Performance Futures

FutureSports has agreed with Major League Baseball (MLB) to create rules-based financial indexes tracking the performance of each of the league’s 30 teams, potentially providing the basis for a new class of sports-related derivatives. Under the agreement, MLB will supply Official League Data for the creation of CME FutureSports Performance Indexes (FSPI). CME Group plans to list weekly, monthly and quarterly cash-settled futures based on the benchmarks, subject to regulatory review.

The play-by-play indexes will measure teams’ cumulative performance and are intended to provide instruments for both investment and hedging, including management of financial exposures linked to the business of professional baseball. FutureSports will independently determine, calculate and govern the indexes using transparent, rules-based methodologies. MLB will have no role in those processes.

FutureSports has previously developed similar indexes based on NHL team performance, with CME planning futures contracts linked to those benchmarks.

ProCredit Selects Teciem’s Kondor Up for Group-Wide Treasury Operations

ProCredit group has selected Teciem’s Kondor Up treasury platform to support funding, liquidity management, trading and risk processes across its international banking network.

The group operates ten development-focused commercial banks in South Eastern and Eastern Europe. ProCredit Holding also oversees capital adequacy, regulatory reporting and risk management across the network.

Kondor Up will provide front-to-back treasury capabilities through a cloud-native operating model. ProCredit plans to deploy the platform across the group while adapting it to country-specific operating and regulatory requirements.

The implementation is intended to increase automation and give ProCredit the flexibility to introduce products across its banking operations. The release does not specify which treasury processes the group will automate first.

“The platform’s front-to-back treasury capabilities will help us drive greater automation across our operations while providing flexibility to support new products, broaden our offering and underpin our future growth ambitions,” said Christian Dagrosa, management board member and chief financial officer at ProCredit Holding.

Kondor Up builds on the existing Kondor treasury and risk management system. Teciem said the new version combines that functionality with a cloud architecture designed to support faster implementation, scalability and continuing software updates.

The platform will operate in a single-tenant environment and use Kubernetes-based infrastructure. Teciem said this approach supports data segregation, resilience and scalability.

Bank of Canada Selects CanDeal DNA for Fixed Income Pricing

The Bank of Canada has selected CanDeal Data & Analytics (DNA) to provide Canadian dollar-denominated fixed income pricing under a multi-year agreement. The central bank will use CanDeal DNA Reference Pricing across operational activities, market analysis, research, policy development and risk management. The agreement also allows Government of Canada benchmark bond yields derived from CanDeal DNA data to be published on the Bank of Canada website.

The pricing data will support the Bank’s monetary policy, financial system and funds management functions, including its use of the Canadian Collateral Management Service (CCMS).

The Bank’s participation in the CCMS tri-party service is intended to improve the efficiency and scalability of collateral management and liquidity provision, particularly during periods of market-wide stress. CanDeal DNA provides Canadian OTC market data and said the agreement gives the Bank access to its full universe of reference pricing.

IEX Launches Revenue-Sharing Programme for Market Data Vendors

IEX has launched a vendor partnership programme offering revenue-sharing incentives to firms that help distribute its direct US equities market data. Under the programme, participating market data, connectivity, infrastructure and application providers will be eligible for incentives linked to qualifying new client subscriptions to IEX data products. Eligible feeds include IEX TOPS, IEX DEEP and IEX DEEP+.

The initiative is designed to encourage vendors to support direct IEX feeds by providing more attractive and predictable commercial incentives, while making its data easier for market participants to discover, access and integrate.

IEX accounted for approximately 4% of overall US equity trading volume and nearly 8% of exchange-traded volume during the second quarter of 2026.

Tokenovate Executes CDM-Native Intraday Repo on Canton Network

Tokenovate has executed and settled an intraday repo transaction on the Canton Network using the FINOS Common Domain Model (CDM), with the cash leg settled in Circle-issued USDC expressed as USDCx Reserve on Canton.

The transaction used CDM-native event and state management across the full repo lifecycle, covering trade representation, lifecycle processing, collateral movements and coordinated settlement of both legs. Conducted in a controlled environment, the workflow was aligned with established repo market documentation.

Tokenovate said the combination of CDM, tokenised cash and distributed ledger infrastructure could enable faster collateral mobility, intraday liquidity management and more automated settlement while maintaining standardised workflows across traditional and digital infrastructure.

The company has also joined the Canton Foundation as a General Member, giving it a role in the governance and development of the network as it expands its programmable post-trade infrastructure across repo, collateral, derivatives and securities markets.