Technology

The transaction took place on the Canton Network between Franklin Templeton and Virtu Financial, and comes amid growing institutional momentum behind tokenised real-world assets.  

On average, 47,009 inbound records were processed daily in first week of tape operations; ETS Connect UK has confirmed it will open-source the full suite of data quality validation logic for the tape to boost transparency.  

The trades are facilitated within State Street’s GlobalLINK FX Connect platform; solution allows asset managers to directly match trades with each other while still operating within their existing execution channels.  

The two firms will provide a global order hub to act as a one-stop gateway to more than 90 exchanges and eight asset classes across the world.  

The structured wind-down of the service has been initiated and follows a “strategic review of Cboe’s risk and markets analytics business,” a Cboe spokesperson tells The TRADE. 

The expanded role is set to support the growth and implementation of AI across UBS’ investment banking offering, The TRADE understands. 

The integration is specifically targeted at corporate and emerging market bonds, and will enhance both firms shared clients access to Trumid trading protocols, while streamlining Aladdin users’ access to Swarms protocol.  

The market link will cover Kenyan government bonds, infrastructure bonds and Treasury bills, and is set to support the growth of Kenya’s market on a global scale, and the influx of institutional investment.  

The move expands Waypoint’s offering to cover all US equities exchanges, ATS’ and overnight venues, and comes ahead of the expected launch of the Texas Stock Exchange on 6 July.  

The collaboration will provide an end-to-end solution for Al Rajhi Capital, including post-trade, data and trading, and is set to build out the securities finance footprint in Saudi Arabia.