The TRADE

OCTOBER 22, 2024

UK-based asset manager Artemis has selected Northern Trust to provide outsourced trading services for its equities and derivatives activity, effective January 2025. Northern Trust will support all trading activity for Artemis’ equity funds under management and all related over-the-counter and exchange-traded derivatives.

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The TRADE

OCTOBER 20, 2023

Mizuho Financial Group is planning a restructure of its European Union (EU) banking and securities businesses, bringing them together under one umbrella as a Universal Bank, subject to approval from regulators. The post Mizuho set to merge European banking and securities businesses appeared first on The TRADE.

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The TRADE

MARCH 21, 2024

The European Securities and Markets Authority (ESMA) has released findings from an industry-wide settlement cycle consultation, presenting various viewpoints on exchange trading hours in the context of a shift to T+1. ESMA did note that, overall, views on whether T+1 should be pursued are “quite mixed”.

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The TRADE

MARCH 28, 2024

The UK’s Accelerated Settlement Taskforce has recommended a two-phased approach to shortening the settlement cycle beginning with operational changes in 2025 and a full transition by the end of 2027. More than 80 trade associations and industry participants have volunteered to support the Technical Group.

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Global Banking & Finance

NOVEMBER 18, 2024

(Reuters) – Fintech Revolut said on Monday it has got a UK trading license from the British financial regulator that will allow the company to offer trading of UK and EU-listed stocks and exchange-traded funds from 2025.

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The TRADE

JULY 3, 2024

The shift to T+1 in the US can largely be described as a success – affirmation rates remain comfortably high, fail rates have stayed reasonably low and FX trades don’t appear to have shifted to bilateral settlement as feared. Depending on the day of the week or the settlement cycle used it’ll be more expensive to trade.”

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The TRADE

JANUARY 8, 2025

Speaking to The TRADE, a spokesperson for Cboe Europe said: We have worked closely with Aquis to explore, via the SimpliCT joint venture, participation in the public tender process to operate the EU equities consolidated tape. The successful applicant is set to be announced by the end of 2025.

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Global Banking & Finance

DECEMBER 10, 2024

By Emma Farge and Joanna Plucinska GENEVA (Reuters) -Global airline body IATA forecast industry-wide 2025 revenue of more than a trillion dollars and record passenger numbers on Tuesday, despite what its chief Willie Walsh said were “unacceptable” difficulties in securing new planes.

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The TRADE

JUNE 26, 2023

The central clearing of securities finance transactions (SFTs) is not a new concept, it is one which has been tried before with varying degrees of success. The post Cboe outlines why its clearing service for securities financing transactions will succeed where others have failed appeared first on The TRADE.

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The TRADE

JULY 17, 2024

MIAX has gained approval from the US Securities and Exchange (SEC) for its new US options electronic exchange and physical trading floor, MIAX Sapphire. The physical trading floor is expected to go live in 2025 and will be the first national securities exchange to be established in Miami, Florida.

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The TRADE

JULY 8, 2024

Set to launch in the fourth quarter, the VWAP-X service will be made available through block trading platform Cboe BIDS Europe and will give users a greater chance of sourcing and matching liquidity at a forward benchmark price. Trades will be reported in real time as off-book on-exchange executions.

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The TRADE

OCTOBER 21, 2024

Broadridge Financial Solutions has confirmed its preparedness to support new OTC derivatives reporting requirements by the Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission (ASIC) expected to go live on 21 October.

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The TRADE

JANUARY 3, 2025

The European Securities and Markets Authority ( ESMA) has launched the first stage of the selection procedure for the bond consolidated tape provider (CTP). As previously communicated, ESMA is set to appoint a CTP by early July 2025, with the successful applicant invited to operate the consolidated tape for a five-year period.

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Solganick & Co.

JANUARY 15, 2025

January 15, 2025 – Solganick has issued its latest mergers and acquisitions (M&A) update for the Cybersecurity industry sector, covering Q4 2024 and a 2025 outlook. Additional rate cuts by the Fed in 2025 could further accelerate activity by financial buyers, including both platform investments and add-ons.

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The TRADE

AUGUST 22, 2024

TNS will offer users market data and order routing access in an ultra-low-latency trading environment. We’re proud to extend access for those seeking to trade on MIAX Sapphire from day one,” said Tom Lazenga, general manager, TNS Financial Markets.

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The TRADE

OCTOBER 29, 2024

The post Aquis and Cboe to form joint venture intent on exploring consolidated tape bid appeared first on The TRADE. The post Aquis and Cboe to form joint venture intent on exploring consolidated tape bid appeared first on The TRADE.

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The TRADE

JUNE 4, 2024

The newly expanded clearing rules from the US Securities and Exchange Commission (SEC) will see daily Treasury clearing activity on DTCC increase by more than $4 trillion when they take effect, an industry survey has predicted.

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Global Newswire by Notified: M&A

SEPTEMBER 14, 2023

Conifer”) to acquire Conifer’s Security & Alarm Business. The Security & Alarm Business provides general liability, excess/umbrella, and selected other coverages to the niche Security Guards, Alarm Contractors, Private Investigators, and Trade Contractors markets.

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The TRADE

MAY 3, 2024

The Digital Token Identifier Foundation (DTIF) has announced an expansion to the scope of the Digital Token Identifier (DTI) to encompass regulatory reporting of crypto asset derivative trades across the G20. Namely, the Unique Product Identifier (UPI) and the International Securities Identification Number for OTC derivatives (OTC ISIN).

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The TRADE

JUNE 21, 2024

The current timeline for the UK appears to include a plan being put in place in 2025 with the implementation of a T+1 settlement cycle in UK occurring no later than 31 December 2027. When we proposed the rule in February 2022, only about two-thirds (68%) of transactions were being affirmed on trade day.

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The TRADE

SEPTEMBER 23, 2024

Last week, the US Securities and Exchange Commission (SEC) adopted amendments to certain rules under Regulation NMS to amend minimum pricing increments and access fee caps, as well as rules to enhance the transparency of better priced orders. That goes to the heart of the SEC’s mission. The reforms are pro-investors.

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The TRADE

APRIL 11, 2024

Beginning in 2025, financial entities will have to maintain registers of information regarding their use of ICT third-party providers under the Digital Operation Resilience Act (DORA). The post ESAs to launch industry exercise ahead of next stage of DORA implementation appeared first on The TRADE.

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The TRADE

NOVEMBER 29, 2023

The Securities and Exchange Board of India (Sebi) plans to roll out an optional same-day settlement system in March next year as part of plans to introduce instantaneous settlement in 2025. The post India to roll out optional T+0 from March 2024 as part of roadmap to instantaneous settlement appeared first on The TRADE.

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The TRADE

JULY 10, 2024

The calculator enables participants to evaluate potential margin and clearing fund obligations associated with becoming a member of DTCC’s Fixed Income Clearing Corporation (FICC) Government Securities Division (GSD). The post DTCC’s FICC launches new public-facing Value at Risk calculator appeared first on The TRADE.

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The TRADE

SEPTEMBER 27, 2024

A full copy of the report can be found here. The post UK T+1 taskforce publishes recommendations ahead of proposed 2027 switch appeared first on The TRADE.

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The TRADE

OCTOBER 22, 2024

The post Asset management association pushes for Europe to switch to T+1 in 2026 appeared first on The TRADE.

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The TRADE

JUNE 20, 2023

Elsewhere, UK CCPs ICE Clear Europe, LCH and the London Metal Exchange (LME) have been granted a temporary three-year equivalence until June 2025 by regulators. How the EU plans to reduce reliance on UK CCPs for derivatives clearing appeared first on The TRADE. The EU should reduce exposure to UK CCPs. The post Carrot or stick?

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Global Newswire by Notified: M&A

MAY 15, 2024

per share, to be paid to its pre-merger shareholders in January 2025 • Vastned Retail will declare and pay an interim dividend of EUR 1.70 per share, to be paid to its pre-merger shareholders in January 2025 • Vastned Retail will declare and pay an interim dividend of EUR 1.70 EUR 2.0 - 2.5 EUR 2.0 - 2.5 EUR 2.0 - 2.5 EUR 2.0 - 2.5

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The TRADE

AUGUST 23, 2024

The shortening of settlement cycles across markets and asset classes, combined with increasing trade volatility, is creating new pressures on manual operational processes for both buy- and sell-side participants across multiple trade lifecycle functions. AI has the potential to transform all stages of the trade lifecycle.

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The TRADE

DECEMBER 5, 2024

The Securities and Exchange Commission (SEC) is in the process of introducing noteworthy rule changes to the clearing of fixed income securities, a development which is set to reshape the landscape for fixed income trading. For trading desks, the new rules will result in a range of operational and regulatory shifts.

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The TRADE

JULY 27, 2023

With its GTS 2025 strategic plan, the Group continues to develop leading platforms at the service of the European economy, to pursue its technological progress and to support its clients in their transition towards a more sustainable model,” said Jean-Laurent Bonnafé, director and chief executive of BNP Paribas.

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Global Newswire by Notified: M&A

MAY 15, 2024

per share, to be paid to its pre-merger shareholders in January 2025 • Vastned Retail will declare and pay an interim dividend of EUR 1.70 per share, to be paid to its pre-merger shareholders in January 2025 • Vastned Retail will declare and pay an interim dividend of EUR 1.70 EUR 2.0 - 2.5 EUR 2.0 - 2.5 EUR 2.0 - 2.5 EUR 2.0 - 2.5

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The TRADE

MAY 23, 2024

Several European exchanges are well underway with plans to bring out offerings of this ilk in the next few months The TRADE understands, while a handful of US alternative trading systems (ATS) are also preparing to make the crossing over to the Bloc to replicate the progress they have achieved in the US.

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The TRADE

JANUARY 16, 2024

With today’s approval, it is now time for the European Securities and Markets Authority (ESMA) to define the technical standards. 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.

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OfficeHours

JULY 11, 2023

Is It Possible That On-Cycle 2025 Is Around The Corner? Hey All — Rohit here and it’s been a busy couple of days – word has gotten out about Diversity Events at Megafunds already starting for On-Cycle 2025… needless to say we’ve been pretty swamped with inbounds and LOTS of calls happening. 4 = 6.125x Revenue, what was NTM?

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The TRADE

MAY 30, 2024

The European Securities Markets Authority (ESMA) opened up its industry consultation on 23 May inviting participants to comment on how they expect the equities consolidated tape to be delivered. The start-up is now in the process of firming up its plans to make its official bid in 2025.

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Devensoft

MAY 16, 2023

trillion by 2025. Cybersecurity due diligence is the process of evaluating an organization’s security posture from a cyber perspective. Comparing security standards Cybersecurity due diligence will help you determine the security posture of the target company and whether it meets your organization’s security standards.

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