This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2024. Industry Person of the Year 2024 shortlist: James Baugh, managing director, head of European market structure, TD Cowen James Baugh is an industry stalwart, having worked in the financialmarkets for over 25 years.
The Philippines went from T+3 to T+2 on 24 August 2023, while Mexico plans to move to T+1 next year, and other Caribbean and South American countries are pondering aligning with their regional counterparts.
According to the businesses the specialised platform for capitalmarkets is an industry first, with development already underway beginning with customer testing in the Dallas Google Cloud region. Read more: As cloud adoption across the market continues to rise, is the shift of liquidity itself next to follow?
The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2023, with considerable improvement across data and analytics, capitalmarkets, and in particular, post-trade. year-on-year increase, while capitalmarkets saw a 6.1% In capitalmarkets, the 6.1%
If a decision to move to T+1 is made, it will be necessary to define an appropriate timetable that generates industry momentum and provides clarity to market participants.” ESMA stated that will publish and submit to the European Commission (EC) a feedback report with its main findings in the course of 2024.
Examples of financial instruments which could be issued and traded in the DSS include equities, corporate and government bonds, and money market instruments. The closing date for responses is 29 May 2024. The DSS is expected to open applications in the summer of 2024.
The regulator notes that any subsequent decision “needs to be based on a proper assessment of the costs and benefits that such a change would bring to all users of financialmarkets in the EU”. Commenting on the opening of the call for evidence, Pete Tomlison, director of post-trade at the Association for FinancialMarkets in Europe (AFME), said (..)
Why are these cloud providers – hugely profitable in their own right – injecting money into exchanges and seemingly competing for market share across the capitalmarkets landscape in order to assist the trading ecosystem with their shift? But we must ask ourselves – why? Subsequently, liquidity follows.
Adam Farkas, chief executive of AFME made clear that today’s vote by the European Parliament, though welcome, lacks ambition, asserting: “As the 2019-2024 EU legislative cycle concludes, new and pressing challenges have emerged including strained public finances, demographic shifts and an estimated annual transition investment of EUR 700 billion.
Among those to have responded have been the International CapitalMarket Association (ICMA), International Securities Lending Association (ISLA) and the Association of Global Custodians (AGC). In addition, the move was put into the context of a possible shift to T+1 in Europe, along with the CapitalMarkets Union.
What is the future outlook for AI use across capitalmarkets? This year the market will see more generative AI use-cases go from pilots to production. Throughout 2023, we saw generative AI experimentation across the capitalmarkets ecosystem. How is the industry adjusting to the increasing prevalence of the cloud?
Anthony Attia The move is the next step in the business’ “Growth for Impact 2024” strategy and follows the expansion of its clearing activities to Euronext Brussels earlier this month. The move is paving the way for the continued expansion of Euronext Clearing with financial and commodity derivatives confirmed for Q3 2024.
Coinciding with the Edinburgh reform, the FCA will work closely with the government with the aim to have a regulatory framework in place by 2024. We recognise that even an appropriately constructed consolidated tape will not fully address the current unacceptably high cost of market data,” he said. “We
The firm’s most recent report refers to previous research in its ‘data automation: the workflow efficiency game-changer’ studywhich found that less than one third of those surveyed believed that capitalmarkets professionals are prepared for the T+1 go-live date. asset-backed securities)”. asset-backed securities)”.
Following the US Securities and Exchange Commission (SEC) vote to shorten the settlement cycle to one business day from 28 May next year, European regulators launched a call for evidence on 5 October to assess the impact of a shorter settlement cycle on the continent; final report scheduled for Q4 2024.
The buy-side are “aware and worried” as the US shift to T+1 looms closer and the testing phase begins globally, a panel held by the Association for FinancialMarkets in Europe (AFME) has said. Panellists raised concerns over FX, settlement fails, and potential regulatory hurdles during the webinar held by AFME on 27 June.
Over the past two decades, several critical financialmarket regulations have been implemented globally, particularly in response to the 2008 Global Financial Crisis (GFC). The years following 2008’s GFC experienced continued financial regulatory reform.
The end of 2024 and start of 2025 saw a flurry of activity and publications from the FCA, with the UK financialmarkets regulator continuing to consult on, and revise, its rulebooks, including to advance a more attractive and competitive UK capitalmarkets landscape.
The end of 2024 and start of 2025 saw a flurry of activity and publications from the FCA, with the UK financialmarkets regulator continuing to consult on, and revise, its rulebooks, including to advance a more attractive and competitive UK capitalmarkets landscape.
Stephen Grady, head of global markets and executive vice president at Lombard Odier, accepted a Lifetime Achievement Award from The TRADE last night at Leaders in Trading 2024. Beginning his career in 1990 as an FX dealer at Bank of America in Sydney, Grady has spent almost four decades working in financialmarkets across the globe.
Meanwhile, in two new categories for 2024 Fidelity International received the award Foreign Exchange Trading Desk of the Year, while Man Group took home the award for Execution Analytics Team of the Year. The Editors’ Choice categories are always highly competitive, and this year proved no exception.
The launch of JSE-FIX demonstrates our dedication to being the centre of innovation for financialmarkets on the African continent through collaboration with leading financial technology companies such as Rapid Addition, said Valdene Reddy, director of capitalmarkets at the JSE.
SIX posted positive full-year results for 2024, with total operating income up 4.6% compared to the previous year, with the firm highlighting the business units new organisational structure adopted in June 2024 wherein the exchange took on an asset-class-based approach. million, up 2.6% million, up 2.6% million, up from $265.26
Fidelity International, inaugural winner of The TRADEs Foreign Exchange Trading Desk of the Year Award 2024 was and continues to be recognised across the street for its thriving work across the global FX space.
While the regulatory landscape has been challenging incountries like China,South Korea and India, we are seeing tremendous wealth creation in markets such as India and Southeast Asia. Elsewhere in Asia, the capitalmarkets emergence from a decade-long low interest rate environment has been slower.
Simon Dove, managing director, head of liquidity at Instinet Incorporated As we bid farewell to 2024, we are left with many questions about the dawn of 2025, a year that promises to be a game-changer. We already have key milestones within the ever-fluid EMEA regulatory landscape, including DORA and implementing the Mifid II and Mifir review.
We organize all of the trending information in your field so you don't have to. Join 38,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content