SOLVE Launches AI-Powered Confidence Score for Corporate Bond Pricing

SOLVE, the provider of fixed income market data, has introduced Confidence Score for Corporate Bonds to its SOLVE Px™ platform. This AI-driven metric quantifies pricing uncertainty on a scale of 1 to 10, providing a transparent layer to predictive pricing for over 250,000 investment-grade and high-yield corporate bonds. The tool translates complex model uncertainty into an intuitive framework, allowing professionals to assess the reliability of predicted prices for Bid, Mid, and Offer valuations.

The metric categorises scores into low, medium, and high confidence levels, which are colour-coded within the SOLVE Quotes Web application for rapid assessment. Higher scores typically reflect bonds with recent trading activity and active quoting, while lower scores indicate less liquid securities. Crucially, the tool covers the entire corporate bond universe, including highly illiquid assets and trades of all sizes, enabling risk management and trading teams to make more defensible, data-backed decisions.

Confidence Score is now integrated across all SOLVE Px delivery methods, including API endpoints, Excel add-ins, and FIX feeds. This launch follows the previous rollout of similar tools for municipal bonds and marks a further step in the company’s expansion of predictive pricing capabilities. By pairing price predictions with measurable uncertainty indicators, the service aims to reduce ambiguity and improve workflow efficiency across the fixed income markets.

Trading Technologies and Enmacc Partner to Integrate OTC and Exchange-Traded Energy Markets

Trading Technologies International (TT) has entered into an agreement with Enmacc GmbH, the market venue for OTC trading of energy and environmental commodities, to integrate their respective platforms, creating a unified execution environment for energy traders. This collaboration bridges the gap between over-the-counter (OTC) bilateral trading and listed derivatives, allowing mutual clients to manage both workflows through a single, streamlined interface.

The partnership combines TT’s global access to exchange-traded energy markets and spot venues with Enmacc’s extensive network and Request for Quote (RFQ) capabilities. By linking Enmacc’s ‘alpha’ agentic trading technology with TT’s execution suite, market participants can instantly distribute liquidity and manage bilateral credit risk. This integration aims to eliminate fragmented workflows and provide a more efficient experience across European energy and power markets.

Bloomberg Enhances ETF Shares’ Operational Efficiency with BSKT Integration

Bloomberg has announced that Australian issuer ETF Shares has adopted BSKT, an automated tool designed to streamline ETF creation and redemption workflows. By integrating this technology, ETF Shares aims to improve operational efficiency and risk management. The tool allows for the seamless distribution of portfolio composition files to authorised participants at the conclusion of each trading day, ensuring data consistency across the primary market.

The BSKT solution centralises primary market liquidity on the Bloomberg Terminal, allowing ETF Shares to manage electronic creation and redemption requests and track order lifecycles in real time. Standardised fund flow data assists portfolio managers in executing critical tasks, such as pre-trade compliance checks. Furthermore, once orders are settled, the system automates notifications to asset servicing providers, reducing manual intervention in the post-trade process.

As part of Bloomberg’s broader suite of ETF products, BSKT supports the entire investment lifecycle for issuers, investors, and liquidity providers. It complements other electronic market solutions, such as the RFQe service for secondary market trading. By automating the assembly of underlying asset baskets, the tool provides market-makers and authorised participants with a more efficient framework for managing ETF assets.

FIX Trading Community Proposes Recommendations for AI Regulation

The FIX Trading Community has submitted ten formal recommendations to the Monetary Authority of Singapore (MAS) regarding AI risk management in financial markets. This response addresses the growing integration of large language models and machine learning within algorithmic trading. The proposed framework aims to mitigate the risk of market instability and “contagion” caused by the rapid, interconnected nature of global AI-driven trading systems.

A central pillar of the proposal is the establishment of a globally recognised definition and taxonomy for AI to prevent regulatory arbitrage. FIX suggests anchoring new guidelines to existing standards, such as MiFID RTS 6 and DORA, while making company boards directly accountable for the effectiveness of AI governance. The recommendations also advocate for cross-functional oversight of third-party suppliers and the implementation of disclosure patterns for AI data and training, similar to food labelling.

Furthermore, FIX proposes expanding risk assessments to include “change sensitivity” and “interconnectedness” to account for non-linear AI behaviour. The group suggests that AI inventories must be more granular than traditional algorithm logs and that any fine-tuning or data refreshes should undergo rigorous materiality tests. By leveraging its expertise in algorithm certification, FIX aims to ensure that AI lifecycle controls remain robust as the technology evolves.

Lindsell Train Selects SimCorp One to Streamline Investment Operations

UK-based equity fund manager Lindsell Train has partnered with SimCorp to implement its integrated front-to-back platform, SimCorp One. The London-based firm, known for its high-conviction stock-picking strategy, will use the technology to support its concentrated portfolios across UK, Global, Japanese, and North American equity strategies.

The transition to SimCorp One is designed to simplify complex investment lifecycles by consolidating workflows onto a single platform. By leveraging increased automation, Lindsell Train aims to enhance operational efficiency across its front-, middle-, and back-office functions, providing a more robust foundation for future business growth.

The selection process highlighted SimCorp’s established reputation within the UK market and its collaborative partnering approach. The reliability of the platform’s integrated capabilities was a decisive factor for Lindsell Train in seeking to modernise its investment management processes and reduce operational friction.

Hex Trust and Haruko Integrate to Provide Real-Time Risk Governance for Institutional Digital Assets

Hex Trust, the digital assets financial services provider, has announced a strategic integration with the technology platform Haruko. This collaboration allows institutional clients to consolidate their regulated custody data, market activity, and staking performance into a single interface. By connecting Hex Trust’s multi-jurisdictional custody infrastructure with Haruko’s aggregation engine, the partnership aims to eliminate the data fragmentation often caused by managing assets across various exchanges and DeFi protocols.

The integration focuses on enhancing operational control and capital efficiency through holistic risk management. Clients can now access a unified view of their total exposure, allowing for more accurate credit and counterparty risk assessments. The system provides real-time performance reporting, including portfolio profit and loss and staking rewards, while ensuring data rigour for tax compliance and institutional reporting.

By automating the reconciliation of holdings and external trading data, the partnership addresses the growing governance needs of asset managers. This collaboration establishes a transparent framework for digital finance, providing the sophisticated risk analytics and pricing tools required for a professionalised investment ecosystem.

STP Investment Services Enhances Trade Data Management with SmartSettle AI Integration

STP Investment Services (STP) has updated its Lightspeed Trade Data Management System (TDMS) by integrating SmartSettle AI. This new module adds a layer of predictive intelligence to existing post-trade workflows, moving beyond standard automation. The integration provides STP’s settlement teams with real-time visibility and normalised data across various custodians, brokers, and asset classes, allowing for more precise tracking and reporting of trade fails.

The platform now features enhanced pre-matching, intelligent exception prioritisation, and earlier identification of potential financial penalties. By utilising predictive analytics, the system can identify settlement issues before they occur and provide automated inventory status notifications. These tools are designed to support timely recalls and reduce overall settlement risk, ensuring greater operational certainty for global investment firms.

This enhancement arrives as the industry prepares for tighter regulatory timelines. Following the US transition to T+1 settlement in 2024, the UK and EU are scheduled to follow suit in October 2027. The compressed cycle increases the risk of compliance errors and financial penalties. By implementing these AI-driven capabilities now, STP aims to provide firms with the visibility required to manage unmatched transactions and at-risk inventory ahead of these upcoming global shifts.

Clearstream and LCH SA Expand Settlement Services for Italian Government Debt

Clearstream and LCH SA have extended their existing partnership to include settlement services for Italian government debt. This development allows LCH SA clearing members to settle all Italian sovereign debt instruments, including cash and repo transactions, through Clearstream’s international and domestic central securities depositories (CSD). The service is scheduled to go live during 2026.

By adding Italy to a framework that already covers French, Belgian, German, Austrian, and Spanish securities, the collaboration aims to reduce market fragmentation. Clearing members can now consolidate their settlement activity within Clearstream’s Trade Flow Hub, which connects major trading venues and central counterparties. This unified gateway is designed to improve liquidity management and operational efficiency for participants across the European sovereign debt market.

The initiative supports the broader goal of integrating European capital market infrastructure through open access. By providing an additional settlement venue, the two organisations intend to streamline post-trade processes and enhance access to one of Europe’s largest sovereign debt markets. This expansion reinforces the commitment of both Clearstream and LCH SA to fostering a more connected and efficient financial ecosystem for their global clients.

Avelacom Expands Low-Latency Connectivity to Argentine Capital Markets

Avelacom, the global provider of low-latency network solutions, has expanded into Argentina to provide financial institutions with direct access to the country’s equities and derivatives markets. The company is launching a new Point of Presence (PoP) at the Bolsas y Mercados Argentinos (BYMA) data centre in Buenos Aires.

The expansion includes new low-latency routes across the east and west coasts of Latin America via Brazil and Chile. These routes are designed to provide resilient connectivity between Argentina, the US, and other global markets. This move follows Avelacom’s entry into the region in 2021 and responds to increased trading activity on the BYMA exchange, which saw a 45% year-on-year increase in trades and a 58% rise in orders during 2025.

By establishing this presence, Avelacom aims to support arbitrage and market-making strategies across Argentina, Brazil, and the US. The company plans to further interconnect markets in Chile, Colombia, and Peru over the coming year. This development addresses a growing demand for sophisticated trading infrastructure in Argentina, where the market remains underpenetrated compared to the broader Latin American average.

Symphony Accelerates AI Integration and Announces Leadership Changes

Symphony is advancing its secure AI and workflow capabilities following a year of significant growth. The company, serving over 1,400 clients, has introduced the AI Agent Studio, a framework designed to let institutions create and deploy AI agents for internal and external workflows. This new tool leverages Symphony’s verified directory and compliance infrastructure, allowing firms to automate complex tasks while maintaining strict data control.

Alongside these product developments, Symphony announced a leadership transition. Ben Chrnelich, formerly co-CEO, has been appointed Chief Executive Officer and President. Brad Levy will move to an external advisory role for the board. The company also highlighted the integration of its AI studio with the Confidential Cloud platform, launched in 2025, which offers cloud scalability with on-premise security levels. Additionally, Symphony is launching WhatsApp Voice with secure recording and archiving, enhancing Microsoft Teams connectivity, and expanding its trader voice analytics to extract insights from high-quality call data.