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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. The TRADE understands that BlackRock has taken a minority investment. The new exchange is now setting out plans to file for registration with the US Securities and Exchanges Commission (SEC).

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How Gen AI can boost relationship managers’ productivity

Accenture Capital Markets

The post How Gen AI can boost relationship managers’ productivity appeared first on Accenture Capital Markets Blog. last year to around US$2.2m Delaying means falling behind—and brings the risk of putting their growth goals even further out of reach.

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Asset management association pushes for Europe to switch to T+1 in 2026

The TRADE

The Investment Association (IA) has concluded that the UK, EU and Switzerland should transition to T+1 settlement on a date in Autumn 2026 after gathering views from its members. 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 Thursday T+1 trading conundrum

The TRADE

A few bps matter,” said Jim Goldie, EMEA head of capital markets, ETFs and indexed strategies, Invesco. said Callum McPherson, dealing manager at Evenlode Investment, also speaking at CMX. The UK should move in step with the EU,” said Hugh Gronow, head of dealing and implementation, Newton Investment Management.

Trading 57
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European Parliament’s approval of Mifid/Mifir revisions a starting gun for change

The TRADE

For a member state where PFOF is currently allowed, they will continue to be able to offer this until 30 June 2026, after which it will be phased out. 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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The TRADE predictions series 2024: Regulation – Mifid/Mifir?

The TRADE

These developments highlight how regulations, even when specific to a market like the United States or the European Union, can have global repercussions, compelling actors to revise their operations to remain competitive and compliant.  This regulatory pressure highlights the issue of critical size.

Trading 62
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EU and UK regulators reveal updated plans for bond tape frameworks

The TRADE

First, that the bond CTP will be required to provide a historical data service, meaning that the provider must invest in making that data available. “It Under the tape specifications laid out by the FCA in CP23/33 – altered since its previous proposals (under CP23/15) – two significant changes are being proposed.