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BlackRock and Citadel Securities back new Texas-based challenger exchange

The TRADE

First reported by Wall Street Journal, TXSE is aiming for a launch at the start of 2025 and host its first listing in 2026. TXSE is well positioned to capitalise on the Texas economy and strength of the state’s business environment. The TRADE understands that BlackRock has taken a minority investment.

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European Council and Parliament reach milestone Mifid compromise on consolidated tape and PFOF

The TRADE

A consolidated tape will be of considerable benefit to the capital markets industry, promoting transparency and ultimately helping to boost growth in European equities. Thursday’s compromise includes the possibility for a member state where PFOF is currently allowed to offer firms in its jurisdiction an exemption.

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Tick sizes, transparency and fee caps: A look at the SEC’s rule amendments

The TRADE

According to the watchdog, the changes have been designed with a mind to reduce transaction costs and improve market quality for all investors and to help ensure that orders placed in the national market system reflect the best prices available for all investors. “A

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US same day settlement ‘not a good idea’ despite technological advancement

The TRADE

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. to just over £2.6 to just over £2.6 asset-backed securities)”.

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How Gen AI can boost relationship managers’ productivity

Accenture Capital Markets

The rest will be either reduced (most significantly in areas like onboarding, execution, servicing, and business management) or removed entirely from the RM remit (they might be pushed to specialized departments/staff). The post How Gen AI can boost relationship managers’ productivity appeared first on Accenture Capital Markets Blog.

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The Thursday T+1 trading conundrum

The TRADE

A few bps matter,” said Jim Goldie, EMEA head of capital markets, ETFs and indexed strategies, Invesco. There’s a hyperfocus now but what does business as usual look like? This was corroborated by Goldie: “If the UK followed strict timelines it could be there by 2026. UK market structure isn’t that complicated.

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