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.

S&P Global Leads Investment in Kaiko as Series B Reaches $110 Million

S&P Global has led a strategic investment in digital asset data provider Kaiko, extending the company’s Series B funding to $110 million as it expands its data infrastructure for tokenised markets. The round also includes BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar and Susquehanna Private Equity Investments.

Participating institutions will join a Kaiko-chaired Strategic Industry Working Group focused on shaping data and infrastructure for bringing tokenised financial products into production.

Kaiko provides institutional market data covering more than 150 digital asset exchanges and protocols. It is extending this into onchain capital markets, including delivering market data to smart contracts and standardising onchain activity for off-chain consumption.

The investment follows Kaiko’s acquisitions of DeFi infrastructure provider Cometh and digital asset data specialist Amberdata, alongside the recent launch of digital asset indices with S&P.

smartTrade Extends into Post-Trade with Multi-Asset Flow Platform

smartTrade Technologies has launched smartTrade Flow, a multi-asset post-trade platform covering processes from matching and reconciliation through to settlement, accounting, regulatory reporting and audit.

The standalone platform connects to existing trading systems through APIs and integrates natively with smartTrade’s LiquidityFX and Commercial Banking & Payments products. It supports FX, precious metals, money markets, fixed income, crypto and derivatives.

Flow is designed to automate post-trade processes that continue to rely on batch processing, spreadsheets and manual intervention. Capabilities include real-time trade and cash-flow reconciliation against external data through SWIFT, CLS and APIs, alongside real-time tracking of balances, positions, limits and P&L.

The platform also provides configurable settlement workflows and automated regulatory reporting, including EMIR, MiFID II and DTCC formats, while allowing entitled business users to configure matching rules, reconciliation processes and maker-checker requirements without developer intervention.

LDA Launches Configurable Low-Latency Platforms for Trading and AI Workloads

LDA Technologies has launched two configurable hardware platforms designed to help capital markets firms scale low-latency connectivity and compute capacity while reducing infrastructure footprint.

OmniX combines FPGA-powered networking, Layer 1 connectivity and hot-pluggable storage within a 1RU platform, allowing firms to tap, timestamp and record data within a single device. Configurations can incorporate LDA’s Maze Layer 1 fabric, supporting connectivity from 10G to 25G, or its lower-latency Neo fabric.

Torus targets compute-intensive trading, high-performance computing and AI workloads, supporting eight-board configurations across expandable 1RU and 2RU deployments. Maze can also provide a configurable Layer 1 mesh connecting components within the chassis at latency of 3.6 to 4.2 nanoseconds.

The platforms are designed to allow firms to scale connectivity and processing without continually adding separate appliances, external switches and cabling, while supporting custom configurations based on individual workloads.

Parameta and Zema Expand Access to OTC Energy and Commodities Data

Parameta Solutions and Zema Global have expanded their partnership to provide Zema customers with access to Parameta’s OTC energy and commodities market data through Zema’s Decisioning Infrastructure.

The agreement will make Parameta’s end-of-day indicative pricing available across global markets including oil, natural gas and LNG, power, coal, environmental markets and metals. The broker-sourced data is used for functions including position valuation, risk management and the construction of pricing and forward curves.

Zema’s platform centralises market and proprietary data and automates its validation, transformation and distribution across systems including ETRM, CTRM, ERP, treasury, data lakes and analytics environments. The companies said the integration is intended to reduce the need for firms to maintain separate data ingestion processes while making independent OTC pricing data available directly within existing energy and commodities workflows.

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 and integrated with its OMS 360 platform.

STRIDER incorporates AI capabilities within Sterling’s back-end infrastructure, which the company says will support scalability, responsiveness and optimisation of the trading experience as markets move towards longer operating hours.

The device-agnostic platform combines execution functionality with real-time market information, charting and analytics. Its integration with OMS 360 also gives traders real-time visibility into portfolio margin, P&L, buying power and risk, allowing positions and trading activity to be managed consistently across desktop, web and mobile environments.

SIX x-clear Extends Clearing to US Equities

SIX is expanding its post-trade offering with a new clearing segment for US securities, enabling European clients to trade and clear US instruments through its interoperable central counterparty, SIX x-clear. The service will operate within a European framework, with extended clearing hours aligned with the US market close and settlement through DTCC. Initial coverage will focus on S&P 500 constituents, with scope to expand to additional securities over time.

The move extends SIX x-clear’s capabilities beyond European markets and is intended to provide clients with longer trading and clearing windows alongside streamlined access to US equities and post-trade processing.

Pan-European retail-focused exchange Equiduct is expected to become the first trading venue to launch under the framework. SIX said the initiative is partly aimed at supporting growing European retail investor participation in US equities while allowing its clients to manage those flows through existing clearing infrastructure.

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 to support Kalshi’s event contract listings in December 2025. During the initial rollout, XTP processed its first one million trades over Super Bowl weekend.

ION said the technology enables Futures Commission Merchants (FCMs) to manage event contracts alongside existing exchange-traded derivatives and cleared OTC business within a single platform, using native reporting, automated settlement and multi-exchange connectivity.

The deployment comes as prediction markets continue to attract greater institutional interest, placing increased demands on the clearing and post-trade infrastructure supporting high-volume, round-the-clock trading.