The securities industry will take a major step toward nearly round-the-clock trading in September when the company 24 Exchange launches the first stage of the 24X National Exchange on September 29, offering trading of U.S. equities from 4:00 a.m. to 8:00 p.m. ET on weekdays. The new 24X National Exchange will initially serve “the growing demand for overnight… Read More >>
LTX Weaves GenA.I. Into Bond Trading Workflows
LTX, the corporate bond trading subsidiary of Broadridge Financial Solutions, has a new capability for its platform that integrates generative artificial intelligence (A.I.) capabilities within trading platform workflows that can anticipate investing and trading inquiries, officials say. The new function, dubbed BondGPT Intelligence, can expect “users’ queries based on where they are in the investing… Read More >>
Franklin Templeton’s ‘Benji’ Gets ‘Intraday Yield’ Feature
Global asset manager Franklin Templeton has launched the “Intraday Yield” feature for its Benji Technology Platform, a proprietary blockchain-integrated stack for the trading, management, and administration of token-based investments, officials say. The Intraday Yield service is intended to provide “proportional calculation and distribution of yield, down to the second, when a tokenized security is transferred… Read More >>
Microsoft Joins FINOS as Platinum Member
Microsoft has become a Platinum Member of the Fintech Open Source Foundation (FINOS), part of the Linux Foundation, and will be expanding its leadership role within the FINOS community, officials say. “With this expanded engagement, Microsoft is the first cloud service provider joining the FINOS Governing Board, represented by Allison Nachtigal, vice president, Azure chief… Read More >>
FTF Reveals Winners of the 14th Annual Awards Program
Financial Technologies Forum (FTF) has revealed the winners of the 2025 FTF News Technology Innovation Awards program, and cutting-edge and mainstream achievements are the common themes among the winners. The FTF Awards program — now in its 14th year — honors providers, organizations, and individuals who made significant contributions to the profession of securities operations… Read More >>
A.I. in U.S. Ops May Help T+1 Overseas
The U.S. securities operations industry is seeing a boon of interest in artificial intelligence (A.I.) tools — from generative A.I. to predictive fail systems — as global market participants prepare for tighter settlement cycles across Europe, the United Kingdom, and Switzerland from Oct. 11, 2027. This wave of enthusiasm comes as global financial services institutions… Read More >>
TP ICAP to Acquire Neptune Networks
TP ICAP Group plc, an interdealer brokerage and infrastructure firm, has acquired Neptune Networks, a financial data company, to combine Neptune’s proprietary data network with the Liquidnet division’s electronic credit trading platform, to create a “full-service, global dealer-to-client (D2C) credit business,” officials say. TP ICAP consists of four major divisions: Global Broking: Brokerages Tullett Prebon… Read More >>
Bloomberg Terminals to Offer Similarweb’s Web Traffic Data
Bloomberg Terminal users now have access to web traffic data from Similarweb through the {ALTD<GO>} command, an offering intended to assist trading firms that want to better understand online behavior. The inclusion of Similarweb’s data and analytics will “significantly enhance” Bloomberg’s set of alternative data offerings, officials say. “Similarweb is the latest alternative dataset integrated… Read More >>
SimCorp One to Get Clearstream’s Post-Trade Apps
Clearstream’s post-trade offerings will become part of SimCorp’s integrated, front-to-back office investment platform, known as SimCorp One, as a result of a new partnership between the two companies, officials say. SimCorp is a provider of investment management solutions, while Clearstream offers fund dealing, distribution, digital, and data services to more than 55 fund markets worldwide,… Read More >>
The SEC Is Leaving a Crypto Limbo
The smoke has cleared, the U.S. Senate confirmation process is over, and the swearing-in ceremony is part of history. There is a new sheriff in town, and SEC Chairman Paul S. Atkins made several things clear on May 19 when he made remarks before the “SEC Speaks” conference. Atkins provided a quick and useful history… Read More >>
