Eventus to Provide Trade Surveillance for Synova Global’s Exchange Infrastructure

Eventus has partnered with Synova Global to integrate its Validus trade surveillance platform into the latter’s exchange-as-a-service infrastructure, initially supporting NativX, a marketplace for trading compute capacity. The agreement will provide real-time monitoring and surveillance capabilities designed to detect potential market manipulation and support market integrity across exchanges launched using Synova Global’s technology.

NativX, Synova’s first marketplace, is developing trading infrastructure for verified computing and connectivity capacity, reflecting growing interest in treating AI infrastructure resources as tradable assets. Synova’s exchange infrastructure includes its Titan matching and settlement engine and Venue trading interface, enabling operators to establish white-label markets across different asset classes. NativX is also expected to adopt Eventus’ Frank AI surveillance capabilities where appropriate, introducing additional automation into monitoring and investigation workflows.

The partnership extends Eventus’ surveillance coverage into emerging compute markets, building on its existing presence across traditional financial instruments, digital assets and prediction markets.

Broadridge Integrates Kalshi Prediction Markets into CQG Trading Platform

Broadridge has integrated Kalshi event contracts into its CQG trading platform, enabling retail and institutional investors to access prediction markets alongside futures, options and equities through existing trading interfaces and APIs. The integration provides direct trading access and market data through CQG, incorporating event contracts into its execution, risk management and portfolio monitoring capabilities. Brokers and futures commission merchants (FCMs) can offer the products to clients without introducing separate trading infrastructure.

Kalshi contracts will also become available through the CQG-NYFIX integration, extending access to more than 1,700 buy-side clients connected to Broadridge’s NYFIX network. The arrangement allows traders to monitor event contract positions alongside traditional financial instruments and incorporate prediction markets into broader trading and hedging strategies.

The launch expands Broadridge’s multi-asset trading capabilities and Kalshi’s institutional distribution, responding to demand in the US and EMEA, subject to applicable regulatory and jurisdictional requirements.

B2BROKER Adds MCP Connectivity and Agentic Trading to B2TRADER Platform

B2BROKER has expanded the AI capabilities of its B2TRADER trading platform, introducing Model Context Protocol (MCP) connectivity and an integrated AI Chat interface to support account analysis and automated trading.

The MCP integration allows traders to connect external AI agents, including Claude, ChatGPT and custom applications, to retrieve market data, review portfolios and issue natural-language trading instructions. Brokers can configure access permissions, restricting agents to read-only functions or enabling them to place, modify and close trades. Each agent is limited to accounts authorised by the relevant trader, while brokers can disable MCP connectivity entirely. The new in-terminal AI Chat enables traders to query positions, market conditions and platform functionality without leaving the trading interface. Trading actions initiated through the chat require explicit confirmation, although external agents with full permissions can execute orders without individual approvals.

The release builds on B2TRADER’s existing AI-powered market analysis, sentiment indicators and trading signals, extending the platform towards agentic execution workflows.

Nasdaq Europe to Launch PureStream-Based Trajectory Trading in November

Nasdaq Europe plans to launch a new trajectory trading service in November 2026, using PureStream technology to help institutional investors execute large European equity orders while reducing market impact and information leakage. The service will match trading interest based on a specified percentage of future market volume, allowing orders to execute progressively at volume-weighted average prices (VWAP).

It will operate through Nasdaq Investment Firm B.V., which received authorisation from the Dutch Authority for Financial Markets on 26 October. Trades will be formalised and published on Nasdaq’s regulated trading venues.

Initial coverage will include selected equities listed on Nasdaq Copenhagen, Helsinki and Stockholm, including constituents of the OMXC25, OMXH25 and OMXS30 indices, alongside stocks from nine other European markets. Nasdaq expects to add approximately 1,200 European equities in January 2027. The service forms part of its Digital Liquidity Networks business, with institutional onboarding beginning through a phased rollout.

Plus500 Becomes First External FCM to Offer Kalshi Perpetual Futures

Plus500 has launched Kalshi perpetual futures through its US Futures Commission Merchant (FCM), becoming the first FCM outside Kalshi Prime to offer the contracts to its customers. The launch extends Plus500’s existing partnership with Kalshi, which already covers prediction markets, and provides access to perpetual futures across its B2B and B2B2C distribution channels.

Perpetual futures are derivatives without expiry dates, allowing traders to maintain positions without rolling contracts forward. Kalshi introduced CFTC-regulated perpetual futures in May 2026 and has since expanded its offering to cryptocurrencies, commodities and indices. Plus500 will provide execution, order routing, clearing and risk management through its proprietary infrastructure, clearing transactions directly as a member of Kalshi Klear.

The company plans to expand its offering as additional contracts become available, strengthening its US exchange-traded derivatives business and providing institutional partners with access to a broader range of regulated trading products.

Baton Systems Launches Portfolio-Wide Collateral Optimisation Capability

Baton Systems has introduced an advanced portfolio optimisation capability designed to help collateral managers, treasury teams and clearing operations allocate cash and securities more efficiently across multiple clearing venues and margin obligations.

The solution evaluates collateral inventories and obligations simultaneously, rather than optimising individual margin requirements sequentially, with the aim of reducing funding costs, preserving high-quality liquid assets (HQLA) and minimising unnecessary collateral movements.It uses mathematical optimisation techniques, including mixed-integer linear programming, stochastic programming and multi-period optimisation, incorporating eligibility schedules, concentration limits, internal policies and venue-specific delivery constraints.

Users can compare allocation scenarios and prioritise different objectives before passing selected allocations into Baton’s automated instruction and collateral movement workflows.

Built on the company’s Core-Collateral infrastructure, the modular capability initially targets cleared collateral for clearing members, with scope to incorporate bilateral arrangements and institution-specific funding economics.

Belasko Launches Integrated Investor and Fund Manager Platforms for Private Markets

Belasko has launched two connected digital platforms designed to improve information access, communication and operational transparency for investors and fund managers across private markets.

The Investor Experience Platform (IXP) provides limited partners with access to fund information, documents, announcements and investment opportunities, alongside tools for tracking queries, deadlines and upcoming activities. The Client Experience Platform (CXP) gives general partners greater visibility into fund operations, investor engagement and service interactions, supporting investor relations and operational planning.

Both platforms are integrated with Belasko’s fund administration services, bringing data, communications and workflows into a shared environment intended to reduce reliance on disconnected systems and email-based processes.

The launch follows a period of testing and pilot programmes, with Belasko planning further automation and AI-enabled capabilities. Belasko, which administers more than $29 billion in assets, positions the investment as part of its strategy to modernise technology-enabled fund administration across UK and European private markets.

TTI Cats: Post Trade, Clearing & Settlement; Trading Systems & Workflow
Brief – S&P Global Expands AI and Analytics Capabilities Across Private Markets
S&P Global has expanded the AI, valuation and analytics capabilities of its iLEVEL private markets platform, introducing new tools for portfolio monitoring, data management and investment workflows. The enhancements include a native iLEVEL Agent, AI-powered data ingestion and natural-language search, enabling investment teams to automate data-intensive processes and retrieve portfolio information more efficiently.
An iLEVEL Model Context Protocol (MCP) server also allows clients to connect governed platform data and capabilities to external AI applications, including Microsoft Copilot and Claude, while retaining existing permissions and access controls. Enhanced integration with S&P Global Private Market Valuations streamlines third-party valuation workflows, while additional functionality supports private credit covenant monitoring and early identification of portfolio risks.
S&P Global has also expanded performance analytics datasets covering private credit, real assets and private equity, alongside integrations with Capital IQ, WSO and other enterprise solutions. The developments extend iLEVEL’s role beyond portfolio reporting towards integrated data, analytics and AI-enabled workflows across the private investment lifecycle.

S&P Global Expands AI and Analytics Capabilities Across Private Markets

S&P Global has expanded the AI, valuation and analytics capabilities of its iLEVEL private markets platform, introducing new tools for portfolio monitoring, data management and investment workflows. The enhancements include a native iLEVEL Agent, AI-powered data ingestion and natural-language search, enabling investment teams to automate data-intensive processes and retrieve portfolio information more efficiently.

An iLEVEL Model Context Protocol (MCP) server also allows clients to connect governed platform data and capabilities to external AI applications, including Microsoft Copilot and Claude, while retaining existing permissions and access controls. Enhanced integration with S&P Global Private Market Valuations streamlines third-party valuation workflows, while additional functionality supports private credit covenant monitoring and early identification of portfolio risks.

S&P Global has also expanded performance analytics datasets covering private credit, real assets and private equity, alongside integrations with Capital IQ, WSO and other enterprise solutions. The developments extend iLEVEL’s role beyond portfolio reporting towards integrated data, analytics and AI-enabled workflows across the private investment lifecycle.

Vermiculus Launches VeriIndex for Real-Time Index Calculation and Management

Vermiculus has launched VeriIndex, a real-time index calculation and management engine designed to help exchanges and marketplaces develop and operate specialised indices across traditional and emerging asset classes. The platform combines continuous index calculation, corporate action processing and index administration within a single system, initially supporting price-return and total-return indices.

VeriIndex calculates and publishes index values using live market data, with standardised interfaces for distributing results. A next-business-day simulation capability allows operators to assess and correct the impact of scheduled corporate actions and index changes before implementation. Its configurable architecture supports additional calculation methodologies, instrument types and pricing capabilities, enabling operators to expand their index offerings as market requirements evolve.

The system integrates natively with Vermiculus’ VeriTrade exchange trading platform but can also operate independently alongside third-party trading and post-trade infrastructure.

The launch extends Vermiculus’ market infrastructure portfolio as demand grows for indices covering emerging products, including tokenised assets, perpetuals and prediction markets.

DTCC Research Highlights Post-Trade Automation Gaps Ahead of Europe’s T+1 Transition

New research from DTCC and ValueExchange has highlighted significant gaps in European post-trade automation as the industry prepares to move to T+1 settlement in October 2027. The report finds that settlement volumes across Europe increased by 15% in 2025, while failed trades rose by 21%, adding pressure to already fragmented operational processes. Only 33% of European middle offices have invested in automated standing settlement instruction (SSI) storage and exchange, while approximately 68% of firms still rely on some manual trade matching. Just 62% appear prepared for upcoming place of settlement (PSET) requirements.

With T+1 compressing settlement timelines by approximately 83%, the research calls for greater standardisation, automated instruction flows and more consistent trade data across middle- and back-office systems. DTCC argues that existing matching infrastructure and reference data utilities provide a foundation for improving settlement efficiency, reducing exceptions and strengthening operational resilience ahead of the transition.