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 >>
Congress Mulls the Fate of the PCAOB
Securities firms, investors, government officials, and all other capital markets participants rely on the financials that auditors of public companies provide. Yet scandals large and small led to the creation of an auditor of the auditors in 2002, dubbed the Public Company Accounting Oversight Board (PCAOB), which was fostered by the U.S. Congress and then-President… 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 >>
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 >>
Syntax Data & Donoghue Forlines Take On Uncertainty
Syntax Data, a provider of index solutions, is working with Donoghue Forlines, a Boston-based investment firm specializing in active risk-managed portfolios, to offer index strategies aimed at mitigating downside risk caused by the new uncertainty, officials say. “The strategic partnership recently launched two indexes, the Donoghue Forlines Risk-Managed Momentum Index and the Donoghue Forlines Risk-Managed… Read More >>
Key Groups Challenge SEC’s Cyberattack Disclosure Processes
Key securities industry trade associations are challenging the disclosure procedures of a cybersecurity rule adopted in 2023 by the U.S. Securities and Exchange Commission (SEC), asking the regulator to return to a principles-based disclosure regime. SIFMA, the American Bankers Association (ABA), the Bank Policy Institute (BPI), the Independent Community Bankers of America (ICBA), and the… Read More >>
‘Project Pine’ Explores Central Bank Ops & Tokenization
As U.S. regulators explore new guardrails for digital assets, the Federal Reserve Bank of New York and the Bank for International Settlements (BIS) based in Basel, Switzerland, have been experimenting with tokenization. The New York Fed and BIS have completed an initial exploration of how central banks could run monetary policy operations in a world… Read More >>
