TRG Screen, a provider of market data and subscription cost management technology, has released Xmon AI Assist, a capability intended to bring conversational analytics to market data cost management, officials say. Xmon is a reference data cost and usage monitoring solution that offers “visibility into consumption patterns, cost drivers and vendor billing,” officials add. The… Read More >>
JP Morgan Embraces Tokenization for PE Funds
J.P. Morgan Private Bank, J.P. Morgan Asset Management, and Citco have completed a first by processing a tokenized private equity fund via the Kinexys Fund Flow solution from the Kinexys blockchain business unit of J.P. Morgan, officials say. The new solution “collects, harmonizes, and records investor register and transactional data” for the Kinexys Digital Assets… Read More >>
ISDA & Tokenovate to Push for CDM-Based Ops
The International Swaps and Derivatives Association (ISDA) and Tokenovate, a provider of workflows supporting collateral and post-trade management, have launched a task force within the Fintech Open Source Foundation (FINOS) to hasten the creation of operations that leverage the Common Domain Model (CDM). The task force effort is in response to “growing market demand for… Read More >>
A New Nominee for CFTC Chairman Emerges
The nomination of Michael “Mike” Selig, who is chief counsel of the Crypto Task Force and senior advisor to Paul Atkin, chairman of the Securities and Exchange Commission (SEC), as the next chairman for the U.S. Commodity Futures Trading Commission (CFTC) has apparently been clarified via social media postings by President Trump and others. Over… Read More >>
Bill Stone Says A.I. Must Prove Its Value
One of the keys to understanding the full impact of a disruptive technology is to use history as a guide. A case in point is the phenomenon of A.I.-based technologies that promise to overhaul or at least enhance the systems that run the front-, middle-, and back-offices of financial services firms operating in global capital… Read More >>
FSB Warns Against Gaps in Digital Assets Regulation
The Financial Stability Board (FSB) is pushing jurisdictions to make their regulation of cryptocurrencies and other digital assets more consistent with the FSB’s framework and to follow new recommendations aimed at facilitating a cohesive oversight of the global crypto-asset market and preventing regulatory arbitrage. A new peer review progress report from the FSB cites “significant… Read More >>
Citi Takes Aim at Asset Servicing Woes via SEP
Citi’s post-trade platform, Citi Investor Services, has a new feature for asset servicing — Single Event Processing (SEP) technology — a development that Citi officials are calling “a significant step” for real-time asset servicing, prompting the bank to say that “the majority of its custody flows” will be processed via SEP in 2026. In fact,… Read More >>
Verity Acquired to Boost TMX Datalinx Offering
A company overseeing many exchanges, TMX Group, operator of the Toronto Stock Exchange, has acquired Verity, the maker of a buy-side investment research management system, in an effort to bolster a growth strategy for TMX’s Datalinx client offering, officials say. Verity has two core offerings — VerityRMS, a research management system, and VerityData, featuring datasets… Read More >>
Options Adds Microsoft Threat Detection & Bruce ATS Integration
Options Technology, a provider of cloud-enabled managed services, reports that it has achieved a Microsoft Solutions Partner specialization for Threat Detection, and has integrated market data from the Bruce ATS, an alternative trading system aimed at overnight trading, officials say. The Microsoft Threat Detection designation “follows earlier Solutions Partner designations in Private Cloud, Modern Work,… Read More >>
SEC Explores New Rules for RMBS & ABS Transactions
The Securities and Exchange Commission (SEC) wants to hear from the securities industry about ways the regulator can improve its rules governing residential mortgage-backed securities (RMBS) and aspects of asset-backed securities (ABS). To gather those opinions, the SEC published a concept release inviting public comment. “The concept release notes there have been no public RMBS… Read More >>
