Lynx Asset Management Selects xyt for Global Equities Liquidity Analytics

Stockholm-based systematic investment manager Lynx Asset Management has selected xyt to provide independent volume and liquidity analytics across global equities markets, supporting the development of its systematic trading strategies.

The partnership will give Lynx a more granular view of intraday liquidity across trading venues, execution mechanisms and different times of day, moving beyond aggregated or end-of-day market data.

xyt’s analytics incorporate market structure classifications, including trade condition codes, deferred transactions, retail flow and addressable trading volumes across lit and dark venues, systematic internalisers and other execution mechanisms. The aim is to provide a consistent picture of where and when executable liquidity is available across markets.

Lynx, which manages systematic strategies spanning equities, fixed income, commodities and currencies, said the additional granularity is already helping refine its liquidity models. The implementation reflects growing demand among quantitative investment firms for more detailed market microstructure data to inform trading and execution decisions.

Clearstream and Brookfield Partner to Expand Private Markets Access

Clearstream has partnered with alternative asset manager Brookfield to expand access to private market investments through its global fund distribution platform, targeting private banks, wealth managers and fund distributors.

The agreement will make Brookfield’s Luxembourg-domiciled evergreen private market funds, spanning infrastructure, private credit and private equity, available through Clearstream’s existing distribution and order-routing infrastructure.

The integration is designed to simplify fund execution, settlement and operational processing, allowing distributors to access private market products through standardised workflows similar to those used for traditional mutual funds.

For Brookfield, which manages approximately $1 trillion in assets, the partnership extends distribution of its private wealth strategies across Clearstream’s international network.

Clearstream Fund Services provides access to more than 85,000 funds through its distribution platform, while its Vestima processing infrastructure supports execution, settlement and custody services for over 245,000 funds across more than 55 markets.

PhillipCapital Extends Eventus Trade Surveillance Partnership

Phillip Capital Inc. has extended its long-standing relationship with Eventus, continuing to use the vendor’s Validus platform for trade surveillance across its expanding range of markets. The US-based futures commission merchant and broker-dealer uses Validus to monitor activity across US equities, options, fixed income and global futures, as well as the rapidly developing prediction markets sector.

PhillipCapital said its combination of clearing, broker-dealer and FCM activities creates differing surveillance requirements across markets, making flexibility and the ability to configure alerting particularly important. The firm highlighted the need for detailed visibility without generating excessive volumes of alerts requiring manual investigation.

The renewed agreement extends an established relationship between the companies as PhillipCapital broadens its activities across asset classes. Eventus said the platform is designed to support evolving compliance requirements through configurable surveillance and financial risk capabilities across multiple markets.

Rothera Automates High-Volume Derivatives Reconciliations with Smartstream

Rothera has deployed Smartstream’s Air platform to automate high-volume reconciliations across its CFTC-regulated event contract exchange and clearinghouse operations.

The implementation uses Air’s Cash and Data modules to replace manual processes and support reconciliation of around 1.7 million transactions each day within an automated, fully audited environment.

The initial deployment covers two reconciliation processes, Exchange-to-Clearing Instruments and Exchange-to-Clearing Trades, with additional workflows planned as the rollout continues. Smartstream’s AI-powered platform ingests, matches and reconciles high-volume data flows with minimal manual intervention. Rothera said the implementation has reduced manual effort, accelerated the identification of exceptions and provided a complete audit trail across its operations.

The deployment comes as rising transaction volumes increase the operational demands on Rothera’s post-trade infrastructure. The exchange plans to extend automation into further reconciliation workflows as its markets grow.

Liquidnet Launches SuperBlock TI for Large Block Liquidity Discovery

Liquidnet has launched SuperBlock Targeted Invitations (TI), extending its liquidity discovery capabilities to help buy-side traders source counterparties for exceptionally large equity orders while controlling how trading interest is distributed.

The new functionality builds on Liquidnet’s existing Targeted Invitations capability, allowing traders to share SuperBlock interest with a broader group of potential counterparties while limiting information leakage. Each invitation is backed by a live client order, providing greater confidence that the liquidity opportunity is actionable.

The SuperBlock initiative, launched in 2024, has facilitated more than 1,500 trades globally. Between January 2025 and June 2026, Liquidnet says SuperBlock generated 64.5 basis points, or $55 million, in total savings for buy-side members. During 2025, Targeted Invitations helped clients access more than $3.8 billion in liquidity.

Bloomberg Automates Market-on-Close Trading for Japanese Government Bonds

Bloomberg has introduced an automated Market-on-Close workflow for Japanese Government Bonds (JGBs), completing the first fully automated trade using the new functionality.

Available through Bloomberg Electronic Markets, the workflow aligns execution with BB3P (Hikene Trading), the Market-on-Close reference rate for JGBs, giving traders greater certainty of execution at a specified close time while helping minimise tracking error.

The functionality combines Bloomberg’s Bid/Offer List Trading with Rule Builder, its trade automation tool. Clients can define execution criteria and automatically route orders when predefined conditions are met within Bloomberg’s integrated TSOX order and execution management workflow.

BlackRock collaborated with Bloomberg on the new protocol, which is intended to reduce manual intervention and transaction costs while supporting more systematic execution, particularly during high-volume periods.

The JGB addition extends Bloomberg’s Market-on-Close capabilities, which already cover US Treasuries, Canadian government bonds, UK Gilts and European government bonds.

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.