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Treelogic Joins BME Growth On January 16
• With a valuation of 15 million euros, the Asturian company will be the first to join BME's growth markets in 2026
The Board of Directors of BME Growth approved the listing of Treelogic on January 16, after analyzing and studying the documentation submitted by the company and issuing a favorable report from the market coordination and listings committee. Treelogic will be the second company to join the BME Growth market so far this year.
The company has set a reference price for the start of trading of its shares at 2.5 euros per share, giving the company a total value of 15 million euros.
The company's Registered Advisor is DCM Asesores, and LINK SECURITIES S.V. S.A. will act as liquidity provider. The company's trading code will be “TRTK”.
Treelogic is a Spanish technology company specializing in the design, development, and implementation of advanced solutions based on data, artificial intelligence, and cybersecurity, with a notable line of business in the field of digital health (eHealth). The company actively participates in European R&D projects, translating the knowledge generated into solutions applicable to the market. Treelogic’ Information Document’s is available on the BME Growth website, where you can find all the information about the company and its business.
BME’s growth markets (BME Growthopens in a new tab and BME Scaleupopens in a new tab) are aimed at small and medium-sized enterprises. In 2025, these markets welcomed 14 new companies and now have more than 150 listed firms, which raised 605 million euros last year through 105 capital increases. BME offers alternatives for every type of company—from those in their early formation stages, via preparatory steps in the Pre-Market Environment, to growth markets and the main stock exchange for large corporations. Among the advantages of accessing capital markets for small and medium-sized enterprises are financing, enhanced reputation, greater visibility, support for inorganic growth, and an improved ability to attract and retain talent.
Tel Aviv Stock Exchange Lists 45 Leading Companies With Share Yields Exceeding 100% In 2025
TASE publishes today the list of companies that entered the “TASE 100 Club”, which includes companies with a market cap exceeding NIS 200 million, that have achieved a share yield of at least 100% in 2025. For the third consecutive year, TASE publishes the “TASE 100 Club” constituents, this as part of its efforts to improve the public’s acquaintance with the TASE-listed companies.
According to TASE’s Research Unit, 45 companies achieved a yield of more than 100% in 2025, as compared to only 35 companies in 2024. The highest share yield in 2025 was achieved by Aryt Industries, operating in the defense-military sector, with a price gain of more than 400%. Investment houses, More and Meitav, achieved a yield of 300%, and an additional eight companies achieved a yield in excess of 200%.
Out of the 45 companies included in the “TASE 100 Club”, 20 companies were awarded 5 stars, having achieved a positive yield in each of the past three years, as compared to only five companies awarded the 5-star top rating in 2024.
25 companies were awarded four starts, having achieved a cumulative positive yield over the past 3 years, as compared to 23 companies in 2024.
The 2025 list includes many major companies, including 29 companies with a market cap in excess of NIS 2 billion. The list comprises 24 companies included in the TA-125 index, as compared to 10 companies in 2024.
The list contains companies from a wide range of sectors, the most prominent
14 technology sector companies, including 6 defense companies.
8 insurance companies.
6 financial services companies.
Despite multiple challenges over the past year, the companies exhibited business resilience that was also reflected in the capital market. TASE's leading indices recorded outstanding yields compared to leading global indices: the TA-35 index increased by 51.6% and the TA-90 index increased by 46.6%.
Rating System of the “TASE 100 Club”
The TASE staff applies a star system (3-5 stars) to rate the companies that achieved a yield exceeding 100% in 2025, which awards 5 stars to companies that achieved a positive yield in each of the past 3 years, 4 stars to companies that achieved a cumulative positive yield over the past 3 years, and 3 stars to other club members with a yield of more than 100% in the past year.
During the month of January, TASE will host the management of the “TASE 100 Club” constituents in a special Opening Bell Ceremony.
The table below presents the list of the “TASE 100 Club” constituents for 2025 and their rating.
#
Company Name
Sector
2025 Yield
2024 Yield
2023 Yield
3-year Cumulative Yield
Market Cap 31.12.2025 NIS Millions
Rating
1
ARYT INDUSTRIES
Technology
408.3%
132.5%
403.4%
5848.2%
4,645
*****
2
MORE INVESTMENTS.
Financial Services
302.9%
108.3%
-12.0%
638.4%
4,179
****
3
MEITAV INVEST
Financial Services
293.1%
130.3%
29.2%
1069.3%
9,634
*****
4
CI SYSTEMS
Technology
266.0%
-11.2%
49.2%
384.9%
509
****
5
TSG IT
Technology
253.0%
-11.8%
---
211.4%
1,530
****
6
NEXT VISION
Technology
252.8%
101.9%
302.4%
2766.1%
19,112
*****
7
TURPAZ
Industry
238.3%
40.5%
-19.6%
282.3%
7,148
****
8
MESHEK ENERGY
Energy And Oil & Gas Exploration
219.6%
-17.8%
-14.6%
124.3%
5,903
****
9
RP OPTICAL
Technology
219.3%
---
---
219.3%
2,183
****
10
ANALYST
Financial Services
216.0%
90.2%
7.9%
548.5%
2,272
*****
11
SOLROM HOLDINGS
Technology
210.9%
186.7%
-41.2%
424.1%
529
****
12
AYALON INSURANCE
Insurance
187.5%
120.9%
23.8%
685.9%
2,367
*****
13
DORAL ENERGY
Technology
186.8%
47.6%
3.9%
340.1%
7,313
*****
14
MENORA MIV HOLD
Insurance
177.9%
70.8%
41.3%
570.6%
24,913
*****
15
LINEAGE THERAP
Biomed
175.9%
-52.5%
-0.3%
30.6%
967
****
16
MIA DYNAMICS
Technology
173.5%
-20.9%
-20.6%
71.7%
232
****
17
RAPAC
Investment & Holdings
165.6%
23.1%
-3.5%
215.5%
1,144
****
18
PHOENIX
Insurance
164.9%
47.6%
4.8%
309.8%
33,391
*****
19
WESURE GLOBALT
Insurance
164.6%
281.5%
-33.7%
569.3%
1,953
****
20
BET SHEMESH
Industry
155.5%
153.2%
77.9%
1050.9%
7,104
*****
21
IMCO INDUSTRIES
Technology
154.5%
94.4%
65.4%
718.1%
420
*****
22
OPC ENERGY
Energy And Oil & Gas Exploration
151.4%
23.6%
-38.8%
90.3%
22,507
****
23
HAREL INVEST
Insurance
150.9%
92.5%
-5.3%
357.3%
25,575
****
24
QUALITAU
Technology
150.6%
246.0%
160.2%
2156.0%
2,753
*****
25
CLAL INSURANCE
Insurance
145.3%
48.7%
-1.2%
260.6%
16,465
****
26
MEGA OR
Real-Estate & Construction
139.8%
39.4%
-10.6%
198.8%
9,898
****
27
MAX STOCK
Commerce & Services
132.5%
72.6%
27.7%
412.6%
3,568
*****
28
TURBOGEN
Technology
131.9%
42.0%
-47.4%
73.1%
419
****
29
ENLIGHT ENERGY
Technology
129.7%
-11.5%
-1.1%
101.1%
19,123
****
30
MIVTACH SHAMIR
Investment & Holdings
128.8%
84.8%
30.3%
450.8%
3,991
*****
31
TEL AVIV STOCK EXCHANGE
Financial Services
127.4%
125.5%
2.4%
425.0%
8,788
*****
32
MIGDAL INSUR. HOLDINGS
Insurance
125.5%
68.9%
3.6%
294.5%
16,356
*****
33
M.L.R.N
Financial Services
124.5%
39.8%
-24.1%
138.2%
451
****
34
DISCOUNT INV.
Real-Estate & Construction
119.3%
22.2%
-30.5%
86.2%
1,347
****
35
NETO M.E HOLDINGS
Industry
112.3%
93.6%
-42.6%
135.9%
870
****
36
MORE PENSION
Financial Services
112.2%
94.6%
-23.0%
217.8%
1,945
****
37
BONUS BIOGROUP
Biomed
110.9%
-28.7%
-13.0%
30.7%
293
****
38
RIMON CONSULT
Real-Estate & Construction
107.7%
24.0%
20.1%
209.4%
3,235
*****
39
AFCON HOLDINGS
Investment & Holdings
107.4%
85.0%
-34.8%
150.3%
2,041
****
40
EL AL
Commerce & Services
106.2%
130.0%
34.1%
535.9%
9,471
*****
41
TOP GUM
Technology
105.5%
10.6%
4.4%
137.4%
1,662
*****
42
TERA LIGHT
Technology
104.3%
-9.0%
50.9%
180.6%
1,056
****
43
I.D.I INSURANCE
Insurance
103.2%
48.3%
36.8%
312.1%
3,574
*****
44
KENON HOLDINGS
Energy And Oil & Gas Exploration
102.3%
61.5%
-16.9%
171.5%
10,942
****
45
DELTA BRANDS
Commerce & Services
101.4%
70.0%
3.8%
255.4%
2,998
*****
ClearBid Global Markets Selects Archax As Partner For UK And EU Expansion - Extends Cross-Border Reach For Its Digital Bond Trading And Data Platform Into New Core Regions
ClearBid Global Markets (CBGM) today announced it has selected Archax as its regulated digital asset partner to expand the reach of its cross-border digital bond trading and data platform into the UK and EU regions.
CBGM is a full-service electronic trading platform and complete securities and data source, that effectively connects global bond markets utilising a digital Dutch Auction. This results in real-time, transparent and market-driven price discovery. It is an innovative substitute for traditional ‘over the counter’ (OTC) methods, with a direct focus on capital markets-based financing for infrastructure, corporate and asset-backed borrowers.
Archax is a regulated digital asset exchange, broker and custodian, based in the UK, EU, US and UAE. Targeted at professionals and institutions, Archax supports all types of digital assets – from unregulated cryptocurrencies through to regulated tokenised real-world assets (RWAs).
By selecting Archax as a strategic partner for cross-border expansion, CBGM will initially leverage Archax’s FCA regulations in the UK to offer its digital bond pre-issuance, trading and data platform to investors based there. Moving forwards, CBGM then plans to do the same in the EU region by leveraging Archax’s permissions there too.
Robert Novembre, Founder and CEO of ClearBid Global Markets, comments: “Our partnership with Archax marks a significant milestone for CBGM as we expand into the UK and advance our global mission to redefine capital markets. By combining our vision for transparent, data‑driven markets with Archax’s fully regulated digital infrastructure, we are delivering institutional clients unprecedented visibility and liquidity across global bond markets. This collaboration empowers market participants to navigate complex environments through a single, seamless digital gateway”.”.
Nick Donovan, Chief Revenue Officer of Archax, adds: “Archax is all about being the most credible, institutional and regulated, digital asset solution in the marketplace. We are always on the look-out for potential partners who can leverage our regulatory stack and together expand our digital offerings in the space. As such, we are excited to be working with ClearBid Global Markets with their innovative digital approach for providing access to bonds for capital markets participants.”
CBGM’s digital bond marketplace is designed to revolutionise how capital is raised and invested by addressing the current market’s lack of transparency due to manual, antiquated pricing processes, as well as the lack of efficient accessibility and connectivity between markets, which limits global capital flows and growth for emerging markets.
The WFE Calls On Regulators To Balance Quantum Computing Risks Against More Immediate Operational Challenges
The World Federation of Exchanges (“WFE”), the global industry association for exchange groups and CCPs, has warned of a substantial gap between regulatory expectations and industry expectations around quantum computing risk preparedness.Major public authorities, standards bodies, and cross-border policy groups have begun issuing guidance, calling for early preparation and coordinated migration to post-quantum cryptography (PQC). This is driven by two core concerns:
Long lead times required to upgrade cryptographic systems; and
The “harvest now, decrypt later” threat where attackers steal encrypted data today to unlock it in future once more powerful technologies become available to break the encryption.
The WFE Global Cybersecurity Working Group recently conducted a preliminary survey on the Quantum Computing Preparedness, the results of which highlight the importance of other competing priorities. In particular, Generative AI risks are viewed as far more urgent and immediate, consuming most organisational attention and investment. Quantum Computing is seen as a longer-term threat, with many firms hesitant to commit too many resources until clearer timelines or stable standards emerge. Most WFE members estimate a 5–10+ year window before cryptographically relevant quantum computers (CRQCs) emerge, in line with NIST FAQs. Consequently, resourcing remains proportionate to a long-term risk, not an imminent one, and shouldn’t be prioritised at the expense of more immediate operational concerns such as AI-driven threats and Cyber Resiliency. This is consistent with the WFE’s 2025 Annual Survey of Risks where AI and Cyber Resilience risks continued to be ranked highest by members, as they have consistently for two years. Although members do not consider Quantum Computing risk to be imminent, they have already begun laying the necessary groundwork for future preparedness, including:
Actively monitoring regulatory guidance, vendor progress, and developments in NIST standardisation. Several are incorporating Quantum Computing discussions into risk committees and cyber governance forums.
Preliminary quantum risk assessments.
Including quantum-safe encryption criteria in procurement and vendor evaluation cycles.
Considering projects to map existing cryptographic assets, as the first step in any migration roadmap.
Working with the WFE to develop a best-practice guide on quantum transition, and a structured roadmap for market infrastructures.
Nandini Sukumar, CEO of the World Federation of Exchanges, said, “While Quantum Computing readiness is undoubtedly important, the migration to post-quantum cryptography remains a long-term undertaking, and the practical groundwork - planning, asset mapping, and vendor coordination - should be paced appropriately. Whilst exchanges recognise that Quantum Computing is a meaningful risk, regulators must understand that preparation should not deflect from more imminent risks related to AI and Cyber Resilience.”Read the full paper here.
Nasdaq Stockholm Welcomes Bitwise As New ETP Provider
Nasdaq (Nasdaq: NDAQ) announces that Bitwise has listed their first Exchange Traded Products (ETPs) on Nasdaq Stockholm. The launch includes six physically backed ETPs tracking cryptocurrencies.
“We are delighted to welcome Bitwise as a new ETP provider on Nasdaq Stockholm. This launch strengthens our commitment to offering investors innovative and transparent investment opportunities. By expanding the range of locally listed ETPs, we enable both retail and institutional investors to access digital assets in a regulated and cost-efficient manner,” says Helena Wedin, Head of ETF and ETP, Nasdaq European Markets.
Bitwise Asset Management is a global crypto asset manager with more than $15 billion in client assets and a suite of over 40 investment products spanning ETFs, separately managed accounts, private funds, hedge fund strategies, and staking. The firm has an eight-year track record and today serves more than 4,000 private wealth teams, RIAs, family offices and institutional investors as well as 15 banks and broker-dealers.
“Through our listing on Nasdaq Stockholm, we are able to offer institutional investment products directly to Swedish investors in local currency, with the level of transparency, regulatory compliance, and security the market expects. Sweden is one of the world’s most active markets for crypto ETPs, and we are seeing growing institutional interest,” says Marco Poblete, Regional Director Nordics, Bitwise
The six new products, all denominated and traded in SEK and listed on Nasdaq Stockholm, include:
Bitwise Physical Bitcoin ETP
Bitwise Core Bitcoin ETP
Bitwise Physical Ethereum ETP
Bitwise Ethereum Staking ETP
Bitwise MSCI Digital Assets Select 20 ETP
Bitwise Diaman Bitcoin Gold ETP
Bitwise Solana Staking ETP
These products cater to both retail and institutional investors, offering diversification and regulated access to digital assets.
London Stock Exchange Group plc ("LSEG") Transaction In Own Shares
LSEG announces it has purchased the following number of its ordinary shares of 679/86 pence each from Citigroup Global Markets Limited ("Citi") on the London Stock Exchange as part of its share buyback programme, as announced on 04 November 2025.
Date of purchase:
13 January 2026
Aggregate number of ordinary shares purchased:
110,290
Lowest price paid per share:
8,966.00p
Highest price paid per share:
9,142.00p
Average price paid per share:
9,067.57p
LSEG intends to cancel all of the purchased shares.
Following the cancellation of the repurchased shares, LSEG has 509,499,701 ordinary shares of 679/86 pence each in issue (excluding treasury shares) and holds 21,451,599 of its ordinary shares of 679/86 pence each in treasury. Therefore, the total voting rights in the Company will be 509,499,701. This figure for the total number of voting rights may be used by shareholders (and others with notification obligations) as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) (as such legislation forms part of retained EU law as defined in the European Union (Withdrawal) Act 2018, as implemented, retained, amended, extended, re-enacted or otherwise given effect in the United Kingdom from 1 January 2021 and as amended or supplemented in the United Kingdom thereafter), a full breakdown of the individual purchases by Citi on behalf of the Company as part of the buyback programme can be found at:
http://www.rns-pdf.londonstockexchange.com/rns/7736O_1-2026-1-13.pdf
This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.
Schedule of Purchases
Shares purchased: 110,290 (ISIN: GB00B0SWJX34)
Date of purchases: 13 January 2026
Investment firm: Citi
Aggregate information:
Venue
Volume-weighted average price
Aggregated volume
Lowest price per share
Highest price per share
London Stock Exchange
9,067.57
110,290
8,966.00
9,142.00
Turquoise
NYSE And PDR Services LLC Announce Name Change For Three Exchange-Traded Funds
PDR Services LLC, a wholly-owned subsidiary of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced a change to three SPDR exchange-traded fund names as reflected below.
Current Name
New Name
Ticker
Effective
Date
SPDR® S&P 500® ETF Trust
State Street® SPDR® S&P 500® ETF Trust
SPY
1/26/2026
SPDR® Dow Jones® Industrial Average™ ETF Trust
State Street® SPDR® Dow Jones Industrial Average™ ETF Trust
DIA
2/24/2026
SPDR® S&P MIDCAP 400® ETF Trust
State Street® SPDR® S&P MIDCAP 400® ETF Trust
MDY
1/28/2026
About PDR Services LLC and Intercontinental Exchange
PDR Services LLC is the Sponsor of SPDR® S&P 500® ETF Trust, SPDR® Dow Jones® Industrial Average™ ETF Trust and SPDR® S&P MIDCAP 400® ETF Trust.
Statement On Reforming Regulation S-K, Paul S. Atkins, SEC Chairman, Jan. 13, 2026
Since 1982, Regulation S-K has been the Commission’s central repository for filer disclosure requirements outside of the financial statements. Over the past forty-plus years, that repository has grown from the size of a gym locker to the size of an artificial-intelligence data center. Today, the disclosure that companies provide in response to the myriad requirements of Regulation S-K does not always reflect information that a reasonable investor would consider important in making an investment or voting decision. In other words, Regulation S-K currently elicits both material and a plethora of undisputably immaterial information. As Justice Thurgood Marshall suggested in his TSC Industries v. Northway opinion, burying shareholders in an avalanche of immaterial information is a result that neither protects investors nor facilitates capital formation. The Commission’s disclosure regime should enable a reasonable investor to separate the wheat from the chaff when reviewing periodic reports and proxy statements.
With this goal in mind, I have instructed the Division of Corporation Finance to engage in a comprehensive review of Regulation S-K. The first step in this process took place last May, when the SEC solicited public comments and held a roundtable on the executive compensation disclosure requirements contained in Item 402 of Regulation S-K.[2] We have received over 70 unique comment letters,[3] and the staff is in the process of evaluating these letters and preparing recommendations to the Commission for revisions to Item 402.
As a next step, the staff will focus on the other requirements of Regulation S-K. I welcome and encourage members of the public to provide their views on how the Commission can amend Regulation S-K, with the goal of revising the requirements to focus on eliciting disclosure of material information and avoid compelling the disclosure of immaterial information. Please submit your comments as soon as possible and by no later than April 13, 2026.
Members of the public who wish to provide their views may submit comments electronically or on paper. Please submit comments using one method only. Information that we receive will be posted on the SEC’s website without change. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make publicly available. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection. All submissions should refer to File Number CLL-15, and the file number should be included on the subject line if email is used.
Electronic Comments:
Use the SEC’s Internet submission form or send an email to rule-comments@sec.gov with "CLL-15" included in the subject line.
Paper Comments:
Send paper comments to Vanessa Countryman, Secretary, Securities and Exchange Commission, 100 F Street, N.E., Washington, D.C. 20549-1090.
[1] TSC Industries, Inc. v. Northway, Inc., 426 U.S. 438, 448-449 (1976).
[2] SEC Roundtable on Executive Compensation Disclosure Requirements, available at https://www.sec.gov/newsroom/meetings-events/sec-roundtable-executive-compensation-disclosure-requirements.
[3] Comment letters are available at https://www.sec.gov/comments/4-855/4-855.htm.
Ontario Securities Commission Investor Warnings And Alerts For December 23, 2025 – January 13, 2026
The Ontario Securities Commission (OSC) is warning Ontario investors that the following companies are not registered to deal or advise in securities in Ontario:
Fibovest
Horizon Gold
CARFIS
At the OSC, we issue investor warnings and alerts about possible harmful or illegal activity in progress, and maintain a warning list of companies or individuals performing activities that may pose a risk to investors.
A full list of OSC investor warnings and alerts is available on the OSC’s website. Investors can sign up for email notifications when new warnings and alerts are issued and can follow the OSC’s X feed at @OSC_News
.
Ontarians who have been approached by any of the individuals or firms listed above, or any other unregistered company or individual, are advised to contact the OSC Contact Centre at 1-877-785-1555 or via email at inquiries@osc.gov.on.ca
.
Always check the registration of any person or business trying to sell you an investment or give you investment advice. This can be done by visiting the Check Before You Invest or the Crypto businesses pages on the OSC website.
The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at https://www.osc.ca.
EBA Publishes Hotfix For Reporting Framework v4.2
The European Banking Authority (EBA) has issued a hotfix for its reporting framework version 4.2, which addresses technical issues identified after the release of the final technical package.
The hotfix corrects sub-categories, refines validation rules (including expression and severity changes), and updates technical specifications to ensure more accurate and consistent reporting by institutions. A comprehensive list of resolved issues is available on the EBA website.
The updated technical package and revised artefacts are designed to support both competent authorities and reporting institutions in the seamless implementation of the reporting framework.
For further details and to access the updated documentation, please visit the Reporting framework 4.2 page.
Documents
Hotfix changes for v4.2
(276.41 KB - PDF)
Related content
Page
Reporting framework 4.2
ESMA’s Digital And Data Strategies Support Supervision Of EU Financial Markets
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has adopted a new Digital Strategy and updated its Data Strategy. They reflect ESMA’s commitment to smarter regulatory reporting and technology-driven supervision, promote synergies and innovation while reducing unnecessary complexity.
The digital strategy aims to continue ESMA’s digital transformation, while the Data Strategy update is oriented to capitalise on opportunities to simplify, better integrate and streamline data management and technology.
ESMA Chair, Verena Ross, said:
“ESMA is committed to smarter regulation and supervision, and this drives our dual focus on digitalisation and simplification. These two strategies support a digitally mature, resilient and agile authority that understands the importance of data for its community.
By helping to drive the digital transformation of the European System of Financial Supervision (ESFS) we reinforce a more efficient, transparent, and resilient financial ecosystem for the EU.”
The new Digital Strategy 2026–2028 sets out a roadmap for innovation, efficiency, and resilience. The key objectives include:
Building EU digital synergies
Enhancing digital capabilities of ESMA and the European System of Financial Supervision (ESFS)
Bolstering operational efficiency
Establishing a secure and future-ready ecosystem.
The Data Strategy 2023–2028 has been updated to reflect the focus on burden reduction, the evolving technological landscape, and ESMA’s desire for unlocking efficiency opportunities. While its key objectives remain the same, the key new actions include:
Flagship initiatives related to streamlining supervisory reporting, relating to transaction data and in the funds domain
Expanding the capacity of the ESMA Data Platform to benefit national and European authorities
Implementing next phases of the MiCA joint supervisory tool for crypto-market monitoring
Finalising the development of the European Single Access Point (ESAP).
These goals are in line with ESMA’s wider simplification and burden reduction initiative launched last year.
With the alignment of both the digital and data strategies, ESMA ensures that innovation and technology translate into tangible benefits for stakeholders, with more possibilities for synergies and digital transformation across ESMA and the ESFS at large.
Next steps
ESMA’s Data and Digital work will be guided by the roadmaps under both strategies. By 2029, ESMA expects to converge the two into one unified strategy.
Related Documents
DateReferenceTitleDownloadSelect
13/01/2026
ESMA65-955014868-12887
ESMA Digital Strategy 2026-2028
13/01/2026
ESMA50-157-3404
ESMA Data Strategy 2023-2028
13/01/2026
ESMA71-545613100-2856
ESMA’s Digital and Data strategies support supervision of EU financial markets - Press release
Juniper Square Integrates Nasdaq eVestment™ To Advance Transparency And Institutional Access For Private Markets IR Teams
Juniper Square, the fund operations partner to more than 2,000 private markets GPs, today announced the next phase of its strategic partnership with Nasdaq, embedding Nasdaq's institutional investor intelligence platform eVestment directly into Juniper Square's AI CRM for Investor Relations.
As private markets continue to grow in scale and complexity, investor relations teams face mounting pressure to deliver timely, data-driven insights and build stronger relationships with institutional investors. With this first-in-the-industry connection, investor relations teams using Juniper Square's AI CRM will gain real-time access to Nasdaq eVestment data—covering more than 100,000 investor and consultant contacts across 30,000+ profiles—within the tools they use every day without any need for API development or manual data work.
This milestone marks a leap forward in eliminating manual work, reducing data fragmentation, and unlocking the intelligence firms need to raise and retain capital more efficiently. Beginning Summer 2026, IR teams using Juniper Square's AI CRM will unlock:
Connected Global Search: Discover new institutional investors and consultants across the Nasdaq eVestment dataset—all from within Juniper Square's AI CRM.
Auto-Updated Contacts: When key contacts change firms or relationships, their information is automatically flagged for update in the CRM—no manual work required.
AI-Driven Profile Syncing: Juniper Square's matching engine ensures contacts are unified across platforms, eliminating the need to manually reconcile LP and consultant names.
"Innovation for IR teams has been part of our DNA since day one," said Jay Farber, GM of GPX, Juniper Square. "By connecting our AI CRM to Nasdaq eVestment, we're enabling always-on intelligence that keeps IR data continuously updated and ready for action."
Existing Nasdaq eVestment customers can link their data at nominal cost, while Juniper Square AI CRM customers can add this capability directly by talking to their Juniper Square account team.
"Our mission is to bring greater transparency and actionable intelligence to the global investment community. By integrating Nasdaq eVestment with Juniper Square's AI CRM, we're empowering IR teams to access the institutional insights they need, when they need them—driving smarter capital formation and strengthening trust across private markets," said Oliver Albers, Executive Vice President and Chief Product Officer, Capital Access Platforms at Nasdaq.
"AI is only as powerful as the data and infrastructure behind it," added Brandon Rembe, Chief Solutions Officer at Juniper Square. "This connection brings together three essential elements: a verified, institutional-grade dataset; the tools IR teams use to get work done; and the intelligence layer of JunieAI that unlocks it all. Together, we're helping IR teams operate with the precision and agility that today's market demands."
To learn more about Juniper Square's AI CRM for Investor Relations or schedule a demo, visit www.junipersquare.com/ai-crm.
Borsa İstanbul’s Opening Bell Rang For Meysu Gıda Sanayi ve Ticaret A.Ş.
In his address at the Opening Bell Ceremony, Korkmaz Ergun, the CEO of Borsa İstanbul A.Ş., stated the following:
“Distinguished Guests,
Today, I welcome you all to the Opening Bell Ceremony hosted by our Exchange as we celebrate the listing of Meysu Gıda at Borsa İstanbul.
We are introducing a well-established brand that holds an important place in the collective memory to our markets today.
Meysu Gıda has always taken significant steps that have shaped its industry over the years. Today, Meysu Gıda marks another significant milestone by commencing trading on Borsa İstanbul. The proceeds from the IPO will be utilized for investments, thereby strengthening its position in the domestic market and expanding its export network internationally.
As Borsa İstanbul, we always stand by companies that produce, invest, and export.
On this occasion, I would like to thank everyone who contributed to this successful IPO, all company employees, and the intermediary institution. I hope this IPO will be auspicious to our capital markets, and I welcome Meysu Gıda to Borsa İstanbul family.”
New Data From TS Imagine Reveals Significant Shifts In Fixed Income Trading Behavior
TS Imagine, a global multi-asset SaaS platform offering portfolio and risk management, electronic trading, and prime brokerage solutions for the buy- and sell side, today released new year-over-year data from its TradeSmart fixed income execution management system (EMS) showing that fixed income electronification continues to accelerate and trading behavior continues to evolve.
The data highlights sustained growth in the buy-side’s adoption of fixed income electronic trading tools and workflows, driven by increasing demand for scalability, enhanced price discovery, and reduced information leakage.
Fixed income trading on TradeSmart grew 44% year over year in 2025, led by strong government bond activity, where volumes increased 76%, reflecting sustained momentum in electronic execution across highly liquid fixed income markets.
Protocol-level metrics reveal significant shifts in fixed income trading behavior:
Portfolio trading volumes surged 607% over the year, marking a sharp acceleration in the use of scalable execution strategies for complex risk transfer.
RFQ responding volumes increased by 109%, highlighting deeper engagement across both sides of the RFQ workflow.
Click-to-Trade protocol usage increased by 81%, indicating growing confidence in fast, executable pricing.
Direct Dealer trading volumes rose 66% year over year, reflecting sustained demand for point-to-point electronic liquidity and improved pricing outcomes.
Overall, the number of trades increased by 24% compared to 2024, reflecting broader platform adoption and more consistent electronic engagement across protocols.
Andrew Morgan, President and Chief Revenue Officer for TS Imagine, said: “This data highlights how the electronification of fixed income markets is accelerating across geographies and sub-asset classes. The sharp increase in portfolio trading volumes in particular shows how trading is becoming more balance-sheet-aware and increasingly reliant on scalable execution strategies. As liquidity becomes more complex to access, execution management systems must provide traders with a unified view across execution, analytics, and risk.”
TradeSmart
TradeSmart is a multi-asset execution management platform that enables global financial institutions to trade with their counterparties through a single, integrated workflow. The platform provides access to TS Imagine’s global network of liquidity providers, brokers, and venues, alongside advanced execution tools, real-time market data, and analytics spanning more than 25 million financial instruments.
About TS Imagine
TS Imagine is a global multi-asset SaaS platform offering portfolio and risk management, electronic trading, and prime brokerage solutions for the buy- and sell side. Our global team of technologists continuously develops software and deploys new technologies that empower financial institutions to outperform markets and manage risk in real time.
Different to traditional vendors, our solutions are developed in partnership with clients by experienced professionals from the buy and sell-side, who understand first-hand the challenges faced by sophisticated financial services firms. Many of the world’s leading financial institutions therefore use TS Imagine’s platform to manage their risk exposure and make better trading decisions across derivatives, equities and fixed income, cutting complexity and driving efficiencies.
CME Group To Launch 100-Ounce Silver Futures To Meet Record Retail Demand
CME Group, the world's leading derivatives marketplace, today announced it will launch a 100-Ounce Silver futures contract on February 9, 2026, pending regulatory review.
"Silver is increasingly appealing to retail traders looking to diversify their exposure across a wider range of metals in the face of geopolitical uncertainty and the energy transition," said Jin Hennig, Managing Director and Global Head of Metals at CME Group. "100-Ounce Silver futures will improve access to a wider range of participants, enabling them to benefit from the liquidity and efficiencies that our futures markets provide."
"This new futures contract from CME Group supports our focus on building the best platform for active traders and offers customers a way to trade silver with less capital," said JB Mackenzie, VP and GM of Futures and International, Robinhood Markets. "In line with our mission to democratize finance for all, this contract makes it easier to participate in the silver market and gives traders even greater flexibility."
"With silver in high demand, we are pleased that CME Group is expanding its smaller-sized offerings," said Isaac Cahana, CEO, Plus500US. "This new contract will make it easier than ever for our global customers to capture silver opportunities in a flexible, cost-effective way."
Growing retail demand for CME Group's metal futures drove record trading volumes in 2025. It was a record year for trading both Micro Gold futures (301K ADV) and Micro Silver futures (48K ADV). Clients also traded over 6 million contracts in the 1-Ounce Gold futures contract launched on January 13, 2025.
100-Ounce Silver futures will be financially-settled based on the daily settlement price of the global benchmark Silver futures contract and will be listed by and subject to the rules of COMEX. For more information, please visit https://www.cmegroup.com/100-oz-silver.
Moscow Exchange: Maintenance On T0 Securities And FX Test Environment
From January 15 to 16, 2026, we will be updating the Securities (UAT_GATEWAY) and FX (UATCUR_GATEWAY) markets T0 dedicated test environment. Test trading system could be temporarily unavailable during that period. All trades concluded on that day in the test trading system will be reset. Please note that we do not guarantee the regular delivery of the end-of-day trading and clearing reports during the first days after the scheduled server maintenance.
Additionally, please be aware that due to the maintenance, the following services will be unavailable in the test environment:
Creation of new IDs, opening of new accounts and client codes, depositing funds and taking positions.
International Central Bankers On The Statement By Federal Reserve Chair Powell On 11 January 2026
We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell. The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve. It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability. Chair Powell has served with integrity, focused on his mandate and an unwavering commitment to the public interest. To us, he is a respected colleague who is held in the highest regard by all who have worked with him.
Christine Lagarde, President of the European Central Bank on behalf of the ECB Governing Council
Andrew Bailey, Governor of the Bank of England
Erik Thedéen, Governor of Sveriges Riksbank
Christian Kettel Thomsen, Chairman of the Board of Governors of the Danmarks Nationalbank
Martin Schlegel, Chairman of the Governing Board of the Swiss National Bank
Michele Bullock, Governor of the Reserve Bank of Australia
Tiff Macklem, Governor of the Bank of Canada
Chang Yong Rhee, Governor of the Bank of Korea
Gabriel Galípolo, Governor of the Banco Central do Brasil
François Villeroy de Galhau, Chair of the Board of Directors of the Bank for International Settlements
Pablo Hernández de Cos, General Manager of the Bank for International Settlements
Annual Volumes 2025: EEX Group Markets Reinforce Leading Position With Records Across Major Asset Classes
EEX Group concluded another record year, with further expansion of its global market position in 2025, driven by significant volume growth across its major asset classes, such as power, natural gas, as well as guarantees of origin and freight.
The year was also characterised by significant milestones, such as the successful launch of the quarter-hourly auction products for the power day-ahead markets, the connection of the Baltic and Finnish gas markets to the EEX trading platform, as well as the further expansion of product portfolio underpinning the support for sustainable markets, including new guarantees of origin as well as EU ETS-2 related futures products.
Peter Reitz, CEO of EEX, comments: “In our 25th year, we achieved many successes across the board. I’m especially delighted that we see large interest both in our well-established as well as in our newly-added products. For example in the power derivatives market, the Japanese power volume doubled year-on-year in its fifth year of operation and also the Nordic power markets picked up pace in the second part of 2025. As a result, in terms of volume, we were able to maintain our position as both the largest power and gas spot exchange platform world-wide and I believe in the continued growth throughout 2026."
Power markets continue growth
In 2025, the total EEX Group global power volume increased by 9% to 13,493.7 TWh.
The European power spot markets increased by 6% to 917.5 TWh, with increases both on the day-ahead (+ 3%) and intraday markets (+13%).
The European power derivatives markets grew by 11% to 9,330.3 TWh. The biggest volume expansion year-on-year performed the Spanish (+36%), Hungarian (+34%) and French (+21%) Power Futures, while the French Power Futures also reached a new record in December at 180.6 TWh (+50% against Dec. 2024).
In 2025, the volume on the German Power Futures markets exceeded 6,000 TWh for the first time. Throughout the year EEX’s market share in net open interest in cleared German Power Futures steadily increased from 88% to 91%, according to ESMA’s open interest data. With that, EEX strengthened its position as the most liquid market platform for German power trading last year again.
Nordic power has seen significant and consistent growth over the last four months of the year, following the launch of the comprehensive incentive programme, with significant increases in the trading month December (+979%) compared to the same month in the previous year.
Coming from a very strong year 2024, the US power derivatives markets reached a volume of 3,096.7, which is a 4% increase year-on-year.
The Japanese power derivatives market concluded a very successful year, doubling the annually traded volume of year-on-year, reaching 149.2 TWh in 2025 (+105%). In addition, December saw a new monthly record of 17.5 TWh in this market.
Significant increases in European natural gas trading
The total EEX Group natural gas volumes increased by 24% YoY, reaching a new annual record at 8,823.2 TWh.
The European natural gas spot markets grew by 18% to 3,428.7 TWh. This positive development was supported by a strong performance in the German THE market (+25%). The UK, Belgian, Czech and Danish gas spot markets also showed a promising development.
Trading in European gas derivatives rose by 30% to 5.113,9 TWh. Growth drivers were in particular the German THE (+59%) and Dutch TTF (+25%) market. EEX also saw an excellent development on the Belgian ZTP Gas Futures market which more than tripled to 104.7 TWh as well as the Italian Gas Futures (PSV) which increased by 78%.
In September 2025, EEX integrated trading of Baltic-Finnish gas products, previously offered by the GET Baltic exchange, onto its platform and achieved a record trading volume in these markets in 2025. The Baltic Finnish spot markets reported an 39% growth to 11.6 TWh, while the volume in gas derivatives tripled, reaching a total of 232.1 GWh.
The natural gas volumes traded in the US remained stable at 280.7 TWh in 2025.
Hightlights from the environmental and freight markets
Trading in European emissions allowances resulted in a volume of 1,316.3 million tonnes of CO2 in 2025 which is a slight decrease as against 2024.
Volumes auctioned off at EEX in the primary auctions and sold within the nEHS remained almost stable. In 2025, roughly EUR 60 billion was generated for the member states, which mostly aim to use these proceeds on climate protection plans.
In the secondary market, EUA options trading surged, reaching almost 5 million tonnes of CO2 (2024: 0,003 million tonnes of CO2). Furthermore, in December the European EUA Futures markets rose by 279% YoY, driven by a strong development in the secondary markets.
The EEX GO Futures segment saw its first full year of trading, contributing a volume of 36.2 TWh. Since launch in September 2024, EEX registered a steady growth on this market, with volumes traded in all contracts and increasing number of participants. Throughout the year the multilateral GO spot auctions conducted by EPEX SPOT resulted in a volume of 4,324.3 TWh.
Finally, the EEX Global Freight markets registered an overall 16% year-on-year growth, with a positive market development both in futures and options trading, marking a new annual volume record at 1,233,411 lots.
The full press release in English and German is available below.
The full overview of EEX Group volumes for the year 2025 is available below.
The December monthly volumes in detail are available below.
EEX Group builds secure, successful and sustainable commodity markets worldwide – together with its customers. The group offers trading in power, natural gas, environmental products, freight and agriculturals as well as subsequent clearing and registry services, connecting a network of more than 1,000 trading participants. EEX Group consists of European Energy Exchange (EEX), EPEX SPOT, Power Exchange Central Europe (PXE), GET Baltic, Nodal Exchange and the software companies KB Tech and Lacima. Clearing is provided by EEX Group’s clearing houses European Commodity Clearing (ECC) and Nodal Clear. EEX Group is part of Deutsche Börse Group.
Related Files
EEX Press Release - Annual volumes 2025: EEX Group markets reinforce leading position with records across major asset classes (English/German)
pdf (233 KB)
EEX Group Monthly Volumes – December 2025
pdf (156 KB)
EEX Group Volumes – 2025
pdf (156 KB)
Ian Stirling Joins Streets Consulting As Deputy CEO - Global Growth And Transformation Leader Appointed To Steer Consultancy Into Its Next Phase
Streets Consulting, the FinTech growth consultancy, today announced the strategic appointment of Ian Stirling as Deputy CEO. He joins the firm to drive the next phase of commercial success as the business focuses on helping startups, scaleups, global organisations and industry associations with complex growth and transformation initiatives.
Ian is a recognised global leader in business development, marketing and communications with a proven track record of driving brand equity, market expansion and growth across Web3.0, FinTech, financial services, and technology sectors. He has extensive experience in shaping and delivering both business and digital transformation initiatives, having successfully managed risk and reputation across EMEA, Asia, and the Americas for more than 25 years. His background includes advising C-suite and Boards, leading high-impact go-to-market campaigns, and working within institutional finance, digital assets, and blockchain communities. He combines the rigour of blue-chip financial institutions with the agility and innovation of start-ups and scale-ups, having held senior positions at UBS Global Wealth Management, OSL Group (Hong Kong’s first licensed digital asset platform), CTH Group and more.
The appointment comes at an exciting time for the business. Streets Consulting celebrated 18 years last December and is led by a strong, diverse management team of domain experts in areas ranging from senior strategy to execution and contemporary AI marketing. Client campaigns are led by practice leads covering capital markets, investment management, payments, regtech, wealthtech, crypto, tokenisation, digital assets, ESG, sustainability and impact investing, technology, AI and professional services.
As Deputy CEO, Ian will leverage his strong commercial and leadership pedigree to work with the management team and take advantage of new opportunities, as the business continues to go from strength to strength.
Commenting on Ian Stirling’s appointment, Founder & CEO of Streets Consulting, Julia Streets said:
“I am delighted to welcome Ian to the leadership table. His impressive international experience across global organisations, scale-ups and agencies makes him the perfect partner to take the business into its next phase of growth.
“We are entering an exciting new chapter for the company. Having founded and led Streets Consulting for the last 18 years, it is time to place the day-to-day running of the business into Ian’s experienced and trusted hands. I will continue to add client counsel and governance oversight, at the same time as building my senior executive coaching and skills development practice. This includes softskilllingit.com, a business I recently founded to equip leaders of today and tomorrow with the critical human skills necessary in an AI-driven world.
“I know that Streets Consulting, our clients and our team will hugely benefit from Ian’s vision for the future, his energy, experience, passion and strategic and commercial leadership. I have every confidence in his success and am excited for what comes next.”
Ian Stirling, Deputy CEO, Streets Consulting, commented: “I have long been impressed by the Streets Consulting team and the quality and impact of their work. What truly sets the firm apart is the powerful combination of deep domain expertise, excellent strategic and execution capabilities and a commitment to skills development in pursuit of client success. These are the values I have been passionate about throughout my 25+ year career across various senior marketing, communications and management functions.
“As the firm enters its next phase of maturity, I’m excited to bring my expertise, ideas and energy to help our clients navigate their complex transformation milestones and achieve their growth ambitions.”
Worldline Strengthens Long-Term Partnership With PSA To Deliver Next-Generation Payments In Austria
Worldline [Euronext: WLN], a European leader in payment services, strengthens its long-term partnership with PSA Payment Services Austria GmbH (PSA), the key player in the development of full service payment solutions in Austria. Worldline will support PSA in upgrading to a next-generation payments platform, delivering enhanced scalability, resilience, security, and future-ready capabilities aligned with European standards.
Worldline’s next-generation, cloud-based and API-enabled payment platforms deliver scalable payment processing while ensuring agility in deploying new functionalities. PSA plays a central role in Austria’s payments ecosystem, providing mission-critical payment services for financial institutions and ensuring secure and reliable payment transactions at national scale.
By anchoring the solution in Worldline’s European sovereign cloud, PSA can modernise its payments infrastructure without compromising on critical areas like continuity, stability, security, or resilience. While providing the benefits of scale, this approach maintains a strong focus on serving the specific needs and payment preferences of the Austrian community. This collaboration sets a new benchmark for payments across Austria, as Worldline and PSA combine the benefits of scalable, resilient, and secure next-generation payment technology.
“The ambitious project we are launching with Worldline marks a major milestone in our long-term strategy,” says David Ostah, Co-CEO at PSA. “It is one of the most important initiatives for the coming decade, enabling us to pursue our growth ambitions, enhance our product and service offering, and provide our customers with a modern, resilient and fully sovereign European next-generation cloud solution, while continuing to meet the specific regulatory and Austrian market requirements.”
Madalena Cascais Tomé, Group Chief Processing & Financial Institutions Officer at Worldline, added: “We are proud that PSA has chosen Worldline as its trusted partner of choice. We sincerely thank the PSA team for their confidence and trust, and we are fully committed to supporting their future strategy with best-in-class solutions, continuous innovation, and deep payments expertise.”
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