FinanceFeeds

Trading Technologies Just Filled a Major Gap in Its Multi-Asset Strategy Trading Technologies (TT) has acquired TRAFiX LLC, adding global equities and equity-options order and execution management technology to its growing platform. The deal brings more than 200 customers and connectivity to 100+ trading venues, giving TT an established equities network rather than requiring it to build market access venue by venue. TRAFiX fills an important missing layer. TT built its reputation in listed derivatives, while acquisitions including RCM-X, AxeTrading, ANOS Capital (formerly Abel Noser LLC), ATEO and OpenGamma expanded the company into algorithmic execution, fixed income, TCA, clearing workflows and margin analytics. TRAFiX now adds comprehensive equities and equity-options OEMS capabilities, including FIX connectivity and normalized APIs. The strategic goal is increasingly clear: TT wants institutions to manage more of the trading lifecycle through fewer systems. Execution, risk, analytics, surveillance, margin, allocation and post-trade processes could increasingly sit within the same technology ecosystem. TRAFiX also creates cross-selling opportunities across its existing broker-dealer, asset-manager and proprietary-trading client base. But owning the components is different from creating a genuinely unified platform. Equities, futures, fixed income and other markets have different workflows, connectivity requirements and risk structures. The success of TT’s acquisition strategy will therefore depend less on how many specialist platforms it owns and more on whether it can integrate them without sacrificing the market-specific functionality that made those platforms valuable. Learn more 👇 https://lnkd.in/e45wnpCw #TradingTechnologies #TRAFiX #OEMS #Equities #EquityOptions #TradingTechnology #MultiAsset #OpenGamma #AxeTrading #ATEO #AlgorithmicTrading #InstitutionalTrading #CapitalMarkets #Fintech #FinanceFeeds

BMLL and Simudyne Want AI Backtests Where the Market Actually Reacts BMLL and Simudyne are combining granular historical order-book data with generative AI to build Large Market Models capable of simulating intraday order flow. Simudyne is training the models on BMLL’s Level 2 and Level 3 datasets, with plans to use them inside its Pulse market simulator. The key difference is reactive simulation. Traditional market replay reproduces what happened historically, but the recorded market cannot respond when a test strategy places an order. Simudyne’s approach is designed to generate a new response, allowing simulated orders to affect liquidity, queue position, market impact and the behaviour of other participants. BMLL’s Level 3 history gives the models individual order events — including insertions, modifications, executions and cancellations where available — rather than simply price movements. That could give execution desks, exchanges and risk teams a more realistic environment for testing algorithms, routing decisions, new order types, market-structure changes and stress scenarios before deploying them into live markets. But realistic-looking synthetic markets are not enough. The real test will be whether generated order books preserve market mechanics and respond credibly to size, urgency, volatility and previously unseen conditions. For BMLL, the partnership also reinforces a broader strategy: positioning normalized, full-depth market history not just as an analytics product, but as infrastructure for the next generation of AI-powered trading systems. Learn more 👇 https://lnkd.in/eK7ByBZH #BMLL #Simudyne #ArtificialIntelligence #GenerativeAI #MarketData #Level3Data #OrderBook #AlgorithmicTrading #Backtesting #MarketSimulation #TradingTechnology #CapitalMarkets #Fintech #FinanceFeeds

Exinity Is Strengthening Its Group-Level Communications Team Exinity has appointed Constantina Georgiadou as Associate Vice President of Public Relations, bringing the former FXTM (ForexTime), Exness and ROSTRO Group communications executive back to the business where she began her financial-services career. Based in Limassol, she will focus on corporate media relations and executive communications across the group’s key markets. Georgiadou brings 15 years of industry experience, including nine years at Exness, where she held senior communications roles and led global public relations, followed by her appointment as Head of Public Relations and Communications at Rostro in 2025. Her return also reconnects her with FXTM, now part of the wider Exinity group. The appointment follows another senior communications hire: Antonia Droussiotou, also formerly with FXTM, joined Exinity three months earlier as Vice President of Corporate Communications and Corporate Social Responsibility. Together, the appointments suggest Exinity is strengthening a centralized communications function capable of coordinating corporate messaging across multiple brands, markets and regulatory environments. For a global retail trading group, that increasingly extends beyond traditional PR. Regulatory developments, executive communications, market expansion and questions around execution, risk and trust all require a consistent corporate voice. Under Olga Rybalkina, Managing Partner and CEO of Exinity Group, the latest hires indicate the group is investing more heavily in how its strategy and individual brands are communicated externally. Learn more 👇 https://lnkd.in/ek5ia72C #Exinity #ConstantinaGeorgiadou #OlgaRybalkina #AntoniaDroussiotou #FXTM #Exness #RostroGroup #ExecutiveMoves #PublicRelations #CorporateCommunications #FX #CFDTrading #FinanceFeeds

Stablecoin Flows Are Moving Into the Same Workflow as Treasuries and FX Bloomberg has added an Allium-powered stablecoin dashboard to the Bloomberg Terminal, bringing supply, minting, burning, transfer volume and velocity directly into institutional workflows. Available through RWAS , current data refreshes hourly and covers stablecoins representing more than 98% of the market. The integration goes beyond tracking stablecoin market capitalization. Users can compare issuance and redemptions, adjusted transfer activity, velocity, blockchain networks and peg types — making it possible to distinguish between tokens that primarily sit as balances and those actively moving through trading, settlement or payment infrastructure. That matters because stablecoins increasingly intersect with traditional markets. Issuers hold assets including Treasury bills, repos, deposits and money-market instruments, while the tokens themselves are used for crypto settlement and cross-border transfers. A rates strategist can now examine stablecoin supply alongside Treasury yields, while FX and payments desks can analyze network and cross-border activity without leaving the Terminal. The partnership also highlights Allium’s evolution into institutional data infrastructure. Bloomberg is simultaneously bringing blockchain data into traditional-market workflows and, through its separate work with Kaiko and Canton Network, helping move conventional financial data toward tokenized markets. The boundary between crypto and traditional market data is increasingly disappearing in both directions. More 👇 https://lnkd.in/ebYAPSPu #Bloomberg #Allium #Stablecoins #USDC #USDT #Treasuries #FX #MoneyMarkets #Blockchain #DigitalAssets #Tokenization #CantonNetwork #Kaiko #InstitutionalTrading #FinanceFeeds

BestEx Wants Traders to Know When an Order Will Be Cheapest to Execute BestEx Research has extended its Pulse Market Impact Model to U.S. equities, adding pre-trade cost estimates that account for the symbol, order size, execution speed, duration and — importantly — time of day. The model is available through Pulse AI, a REST interface and the company’s AMS One trading and analytics platform. The time-of-day component addresses a problem that simpler models can miss. Liquidity, spreads, depth and volatility change throughout the trading session, meaning the same order can carry very different expected costs depending on when and how quickly it is executed. BestEx says Pulse combines data from more than one million institutional parent orders with consolidated U.S. trade and quote data to model those interactions. The implications extend beyond execution. Pre-trade TCA can influence whether a portfolio manager enters a position at all, how large that position should be and how the resulting order is scheduled. Hitesh Mittal, founder and CEO of BestEx, has documented the methodology in a white paper, while the company says its out-of-sample testing produced prediction errors within a fraction of a basis point across multiple order and market-condition buckets. Pulse now covers global futures and U.S. equities, with global equities in development and broker-neutral post-trade TCA planned for early 2027. As firms including Virtu Financial, Liquidnet and BMLL continue expanding execution analytics, the competitive question is shifting from who can measure trading costs after execution to who can predict them accurately enough to influence the portfolio before an order even exists. Learn more 👇 https://lnkd.in/esA-C-eT #BestEx #PulseAI #HiteshMittal #USEquities #TCA #MarketImpact #AlgorithmicTrading #ExecutionAnalytics #TradingTechnology #InstitutionalTrading #CapitalMarkets #Fintech #FinanceFeeds

Lloyds and Visa Just Put Stablecoin Settlement to a Live Test Lloyds Banking Group and Visa have completed their first live stablecoin settlement pilot, using USDC to settle $750,000 in cross-border payment obligations. Unlike a laboratory test, the seven-day pilot involved real settlement activity, with Lloyds acquiring USDC through Archax and transferring the funds to Visa in the United States. The key result was speed and availability. Funds reached Visa in under one hour, including transactions conducted over the weekend. The pilot focused on institutional settlement rather than consumers paying merchants in crypto, testing whether stablecoins can reduce the delays created by banking cut-off times, weekends and holidays. The experiment also tackled interoperability. Lloyds operated a node on Canton Network, while Visa supported settlement on a separate public blockchain, demonstrating how institutions could potentially transact across different networks without every participant moving onto the same infrastructure. Neither company has announced a commercial rollout yet. Visa has already been developing USDC settlement for years, including work with Crypto.com, Cross River Bank and Lead Bank, but Lloyds represents a different milestone: a major UK banking group using stablecoins for live cross-border obligations. At only $750,000, the pilot remains small — but it demonstrates the increasingly important institutional use case for stablecoins: not replacing consumer money, but making the settlement layer operate continuously. Learn more 👇 https://lnkd.in/eAjtihW8 #Lloyds #Visa #USDC #Stablecoins #Canton #Archax #CrossBorderPayments #Payments #Settlement #Blockchain #DigitalAssets #Tokenization #Banking #FinanceFeeds

The “Everything Exchange” May Not Be One Exchange at All Crypto exchanges are moving into equities and other traditional assets, while established financial institutions are adopting tokenization, digital assets and always-on infrastructure. Jenna Wright of LMAX Group, Martin Gaspar of FalconX and Rebecca Carvatt of EY told FinanceFeeds that the result is something deeper than simply adding more products to a trading platform: the infrastructure of crypto and traditional finance is beginning to converge. Perpetual futures may be one of the clearest bridges between the two worlds. Gaspar says pre- and post-IPO perpetuals across Binance, OKX and Hyperliquid have generated nearly $400 billion in cumulative volume, while perpetuals referencing traditional assets have produced more than $1.4 trillion YTD across leading crypto exchanges. Wright argues they can increasingly compete with CFDs by combining leveraged exposure with continuous trading, transparent pricing and real-time risk management. But 24/7 trading alone does not create an institutional market. Liquidity, financing, collateral mobility, settlement, credit and regulatory certainty all have to work alongside the trading venue. That is why Wright argues institutions do not necessarily want one exchange containing everything — they want a connected network of trusted venues where capital and collateral can move efficiently between markets. The bigger competition may ultimately be for the customer relationship. Carvatt sees wallets evolving into gateways for trading, payments, investing and other onchain financial services, while traditional firms bring established client bases, regulatory permissions and deep liquidity relationships. The end state may therefore be less about crypto replacing TradFi and more about the distinction between the two becoming increasingly difficult to see. Learn more 👇 https://lnkd.in/eagjkikZ #Crypto #TradFi #LMAXGroup #FalconX #EY #PerpetualFutures #Tokenization #DigitalAssets #DeFi #Trading #CapitalMarkets #Blockchain #InstitutionalTrading #FinanceFeeds

Brokers are becoming more than just trading platforms. Demetris Taxitaris, CEO of Complyport EU (formerly MAP S.Platis), explains how brokers are evolving toward the superapp model, bringing more products and services into a single ecosystem. Full interview on our YouTube channel: https://lnkd.in/e6-G2gYg #DemetrisTaxitaris #ComplyportEU #Brokers #Superapps #Trading #Fintech #Forex #CFD #FinancialServices #Reels

HSBC Has a Name for Its Hong Kong Stablecoin: RedCoin HSBC has formally named its upcoming Hong Kong dollar-backed stablecoin HSBC RedCoin, with a launch planned for the second half of 2026. The bank says each token will be fully backed by high-quality liquid reserve assets and redeemable 1:1 for HKD, with initial access through PayMe and the HSBC HK Mobile Banking App. The first phase will focus on everyday utility, including P2P transfers and merchant payments, before HSBC expands into broader use cases. RedCoin will operate under HSBC’s stablecoin issuer licence from the Hong Kong Monetary Authority, giving the bank a regulated route for bringing blockchain-based payments directly into its existing consumer platforms. HSBC’s own survey of 1,060 Hong Kong customers suggests awareness is already substantial: 74% recognized at least one stablecoin use case, with digital-asset trading and tokenized investments leading at 57%, followed by P2P transfers at 53% and cross-border remittances and merchant payments at 52%. But the research also found misconceptions, including 26% who believed stablecoins were government-issued and 10% who thought they generated interest. The bigger test will be whether a bank-issued stablecoin can compete with payment rails consumers already use. HSBC enters with a major advantage: RedCoin will be embedded directly into established banking and payment apps rather than requiring users to enter a separate crypto ecosystem. If adoption follows, the next step could take the same infrastructure beyond retail payments and deeper into tokenized finance. Learn more 👇 https://lnkd.in/eaigdD94 #HSBC #RedCoin #Stablecoins #HongKong #HKD #PayMe #HKMA #DigitalAssets #Tokenization #Payments #Blockchain #Fintech #DigitalBanking #FinanceFeeds

ApexInvest Markets Is Connecting Tokenization With Regulated U.S. Market Access ApexInvest Markets has received FINRA approval to transact in digital securities and support qualifying activity by non-U.S. broker-dealers under SEC Rule 15a-6. The expanded permissions give Apex Group Ltd’s U.S. broker-dealer and ATS a regulated route for capital formation, distribution and secondary transactions involving tokenized securities. The approval fills an important gap in Apex Group’s digital-asset infrastructure. Creating and administering a token is different from having a regulated broker-dealer able to distribute or trade the underlying security. ApexInvest can now connect those functions, while Tokeny and its ERC-3643 standard can provide an issuance and servicing layer through Apex Digital. The cross-border element is particularly significant. Rule 15a-6 provides conditional routes for foreign broker-dealers to conduct certain securities activities involving U.S. investors, including transactions with institutional investors through a registered U.S. chaperoning broker-dealer. That creates another potential distribution channel for tokenized private-market products targeting eligible U.S. institutions. But regulatory permission alone does not create liquidity. Ondo Finance through Oasis Pro Markets and Ironlight are also developing regulated digital-securities infrastructure, while ApexInvest’s success will depend on the issuers it attracts, investors reached and secondary trading that develops. The broader shift is increasingly clear: tokenization is moving toward infrastructure where blockchain rails operate alongside — rather than replace — regulated intermediaries. Learn more 👇 https://lnkd.in/ehkbPpAq #ApexInvest #ApexGroup #FINRA #DigitalSecurities #Tokenization #Tokeny #ERC3643 #Rule15a6 #PrivateMarkets #Blockchain #ATS #CapitalMarkets #DigitalAssets #FinanceFeeds