The TRADE

MARCH 5, 2024

In celebration of International Women’s Day (IWD) 2024, The TRADE is delighted to bring you this webinar on Wednesday 13 March from 2-3 pm GMT, celebrating gender diversity milestones achieved by the financial industry and examining where there remains work to be done in order to achieve it. appeared first on The TRADE.

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The TRADE

DECEMBER 18, 2023

Improved post-trade efficiencies and initial regulatory leniency will hopefully make this an easier pill to swallow but funding costs and liquidity impacts are yet to be realised. Despite the ongoing uncertainty for participants, 2024 promises to be another eventful year for Pan-European market structure.

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The TRADE

JANUARY 2, 2024

Eric Heliene, head of buy-side trading desk, Groupama Asset Management  The intensification of financial regulation is a fundamental trend transforming the asset management ecosystem. The planned transition to T+1 settlement in 2024 and the forthcoming revision of Mifid II are poignant examples of this.

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The TRADE

SEPTEMBER 12, 2024

The TRADE is delighted to announce the first batch of shortlists for the upcoming Leaders in Trading New York Awards ceremony set to take place in November. So, without further a due, it gives The TRADE great pleasure to announce the following awards shortlists for Leaders in Trading New York 2024!

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The TRADE

SEPTEMBER 26, 2024

The TRADE is delighted to announce the first batch of shortlists for the upcoming Leaders in Trading Awards ceremony set to take place in London this November. The trading event of the year is set to return once again at The Savoy on 7 November, bringing together our industry for a glittering evening of celebration and jubilation.

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The TRADE

JUNE 26, 2024

Terry Duffy The plan is to build a new private Google Cloud region to support CME Group’s global trading, offering derivatives traders access to “cloud-based, ultra-low-latency networking and high-performance computing”. Read more: As cloud adoption across the market continues to rise, is the shift of liquidity itself next to follow?

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The TRADE

DECEMBER 27, 2023

The post Qatar’s Edaa postpones T+2 switch until March appeared first on The TRADE. 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.

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The TRADE

MARCH 11, 2024

BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses. Gould joined BNY Mellon after three years at RBC Capital Markets where she previously served as co-head of equities electronic sales and trading. The two will operate as co-CEOs until the end of the year.

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Mergers and Inquisitions

NOVEMBER 22, 2023

As of 2024, I consider the following to be the list of bulge bracket banks (note that the “potential” category is speculative and could include other, similar firms beyond the 5 currently listed there): Sources: The list above is based on deal volume and fee data from Dealogic , the Financial Times , and Statista over the past few years.

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The TRADE

DECEMBER 15, 2023

ESMA did, however, highlight that the reduction of time available for post-trade processes would be even more acute if the EU was to move to T+0. 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.”

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The TRADE

JANUARY 11, 2024

Merlo added: “Argentina’s capital market has been subject to periods of substantial increases in transaction volumes, which has put pressure on its own technological infrastructure. Caja de Valores said it aims to migrate these instruments onto the new platform within Q1 2024.

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The TRADE

DECEMBER 13, 2023

Trading Technologies International (TT) has unveiled two new dedicated business lines, TT Compliance and TT Quantitative Trading Solutions (QTS), to fuel growth for 2024 across asset classes.

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The TRADE

JANUARY 2, 2024

” Over more than 20 years, State Street has had a local presence in the country, with its Korean entity supporting global clients with trading Korean Won onshore. This is the latest in a series of enhancements in offerings across Asian markets by major industry players.

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The TRADE

APRIL 25, 2024

The creation of private rooms where members can trade bilaterally behind closed doors and the impact this would have on liquidity was a key theme addressed at TradeTech Europe 2024, with panellists discussing whether such methods can be considered fair and equitable. We talk a lot about retail and retail involvement in the market.

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The TRADE

MARCH 4, 2024

Among those to have responded have been the International Capital Market Association (ICMA), International Securities Lending Association (ISLA) and the Association of Global Custodians (AGC). ICMA commented that progressive penalties introduces unnecessary stress to a market that is most likely already facing liquidity challenges.

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The TRADE

MARCH 28, 2024

The taskforce also recommended a Technical Group should be established, comprising operational and market experts to work through the details including how changes can be best implemented to enable a smooth transition to T+1. More than 80 trade associations and industry participants have volunteered to support the Technical Group.

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The TRADE

MARCH 8, 2024

Stephan Leithner has been appointed as the chief executive officer for Deutsche Börse, taking on the role from 1 October 2024. Leithner has been a member of the executive board of Deutsche Börse AG since 2018, responsible for pre- & post-trading. The two will operate as co-CEOs until the end of the year.

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The TRADE

JULY 4, 2024

Through RCB’s connectivity method, Avelacom has gained access to all of B3’s markets, including equities, derivatives, digital assets, and OTC. It also opens the door to the exchange’s post-trade and testing environments.

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The TRADE

OCTOBER 13, 2023

Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG), The TRADE can reveal. The change marks a move away from the buy-side for Worrell who has an extensive equity trading career.

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The TRADE

AUGUST 15, 2023

Not-for-profit business Plato Partnership and Brazilian regulated fintech SL Tools have jointly announced a plan to bring block trading opportunities to Brazil’s securities marketplace, The TRADE can reveal. The product is set to be up and running in Q1 2024, with all the licenses expected to be in place, The TRADE can reveal.

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The TRADE

MAY 29, 2024

Innovation is inevitable as market participants continually seek to enhance their operations across the board, and stock exchanges and trading venues are perhaps some of the most prominent advocates of embracing emerging technological advancements.

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The TRADE

JANUARY 16, 2024

In addition, ESMA is set to assess the effectiveness of a CT for shares by 30 June 2026, which includes consideration of the potential to add additional features to the equity pre-trade tape. While the EU has agreed to a real-time pre- and post-trade consolidated tape (CT) for equities – the devil will be in the detail.

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The TRADE

DECEMBER 20, 2023

The expected timeline according to ESMA begins with the Mifir review entering into force in Q1 2024. Following this will be the launch of the first selection for a bond CTP in Q4 2024. Responses to the market consultation on the regime can be submitted until March 2024. Read more: If you build it, will they come?

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The TRADE

OCTOBER 5, 2023

The watchdog will consider the feedback during the first quarter of 2024, with the intention to publish a final report in Q4 2024 at the latest. The post ESMA opens door for T+1 implementation in Europe appeared first on The TRADE.

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The TRADE

JANUARY 4, 2024

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 capital markets professionals are prepared for the T+1 go-live date. Reducing counterparty risk for swaps contracts is a no-brainer.

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The TRADE

MAY 31, 2023

“We’re at the roll-up-your-sleeves, all-hands-on-deck stage,” said Keith Evans, executive director of the Canadian Capital Markets Association (CCMA), who this week highlighted one of the key remaining concerns for the market ahead of next year’s switch to a shortened settlement cycle.

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The TRADE

OCTOBER 22, 2024

One other point was that there should be a recommendation, but not a regulatory requirement, to transition the mutual fund subscription and redemption settlement cycle to T+2 from the common T+3/4 in the UK and other popular EEA fund jurisdictions to coincide with the UK, EU and Swiss transition to T+1 in capital markets.

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Asset Management Management Trading Capital Market 59

Global Newswire by Notified: M&A

NOVEMBER 27, 2024

27, 2024 (GLOBE NEWSWIRE) -- Real Messenger Holdings Limited (“Real Messenger” or the “Company”), an innovative chat-based platform reimagining real estate connections, and Nova Vision Acquisition Corp. COSTA MESA, Calif.,

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Global Newswire by Notified: M&A

MARCH 5, 2024

March 05, 2024 (GLOBE NEWSWIRE) -- Akari Therapeutics, Plc (Nasdaq: AKTX), a late-stage biotechnology company developing advanced therapies for autoimmune and inflammatory diseases, and Peak Bio Inc. BOSTON and PLEASANTON, Calif.,

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Global Newswire by Notified: M&A

FEBRUARY 14, 2024

14, 2024 (GLOBE NEWSWIRE) -- Breeze Holdings Acquisition Corp. Nasdaq: BREZ) (“Breeze Holdings”), a publicly traded special purpose acquisition company, and TV Ammo, Inc., a newly-formed holding company (“True Velocity”), will own both Breeze Holdings and TV Ammo and is expected to be listed on the Nasdaq Capital Market (“Nasdaq”).

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The TRADE

NOVEMBER 30, 2023

Euronext has completed the expansion of the Euronext Clearing offering to cash markets, specifically to France, Ireland, the Netherlands, and Portugal. 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.

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The TRADE

APRIL 3, 2024

The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) are working together to operate a new Digital Securities Sandbox (DSS) – a regime that will allow firms to use developing technology in the issuance, trading and settlement of securities. The closing date for responses is 29 May 2024.

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Global Newswire by Notified: M&A

FEBRUARY 7, 2024

07, 2024 (GLOBE NEWSWIRE) -- Akerna Corp. Gryphon”) (the “Merger”) is expected to take place before markets open on Friday, February 9, 2024. DENVER, Feb. Nasdaq: KERN) (“Akerna”), today announced that the closing of its previously announced merger with Gryphon Digital Mining, Inc. and under the symbol “GRYP”.

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The TRADE

MARCH 1, 2024

How can Europe’s fragmented post-trade environment be tackled by regulators? What is the main roadblock for consolidation of the post-trade landscape? It’s about infrastructures having a critical mass to provide an entry door to European capital markets and support our financial community.

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The TRADE

DECEMBER 11, 2023

Albon has been appointed associate director, senior sales for EMEA electronic trading and program trading, set to join the firm in February next year. She will report to global head of electronic trading and distribution, Jason Rand. She began her career at Newedge in a cash equity trading and sales role.

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The TRADE

SEPTEMBER 25, 2024

As the leaves begin to fall from the trees, The TRADE Magazine is back for its autumnal third quarter edition. It’s a well known fact that markets globally orbit the US. Also included in this edition are the results from The TRADE’s annual Execution Management Systems Survey. In depth – AI?

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Trading Investment IT Management 64

Global Newswire by Notified: M&A

MARCH 5, 2024

March 05, 2024 (GLOBE NEWSWIRE) -- Akari Therapeutics, Plc (Nasdaq: AKTX), a late-stage biotechnology company developing advanced therapies for autoimmune and inflammatory diseases, and Peak Bio Inc. BOSTON and PLEASANTON, Calif.,

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