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Optiver, XTX Markets among consortium to back launch of Brazilian derivatives exchange A5X

The TRADE

Optiver, IMC Trading, Jump Trading Group, XTX Markets and ABN AMRO Clearing Bank have invested in A5X, a new Brazilian derivatives exchange which is set to begin operations by 2026. The total capital raised so far stands at an estimated R$200 million following both Series A and B rounds.

Trading 62
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BlackRock and Citadel Securities back new Texas-based challenger exchange

The TRADE

Designed to rival the likes of incumbent exchanges Nasdaq and NYSE in the US, Texas Stock Exchange (TXSE) has raised $120 million from around a dozen investors including BlackRock and Citadel Securities in a funding round closed in May. The TRADE understands that BlackRock has taken a minority investment.

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SSGA launches first actively managed corporate and municipal target maturity ETFs in the US

The TRADE

Named SPDR SSGA MyIncome ETFs, the suite looks to offer investors the ability to build their own custom bond ladder portfolios to manage their respective cash flow, interest rate risk, and liquidity needs. The suite consists of 14 actively managed target maturity ETFs with various maturity years ranging from 2026 to 2034.

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Kian Capital Builds Sunbelt HVAC Distributor

The Deal

Kian Capital Partners LLC is chasing add-ons in contiguous Southern states for its new platform, Nashville-based HVAC distributor Team Air Distributing Inc., The post Kian Capital Builds Sunbelt HVAC Distributor appeared first on The Deal. the firm’s principal Jordan Lee told The Deal. in April and Novacap Investments Inc.

Capital 52
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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 The reforms are pro-investors. They are pro-capital formation.”

Stock 73
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Recent EU consolidated tape compromise is a ‘missed opportunity’, says AFME

The TRADE

Farkas labelled the decision as a “missed opportunity” for developing the Capital Markets Union, while also stating that the co-legislators failed to appreciate the fast-evolving nature of financial markets in Europe and globally in the detailed rules regulating fixed income markets in level 1 legislation. told The TRADE.

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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.

Trading 70