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. A few bps matter,” said Jim Goldie, EMEA head of capital markets, ETFs and indexed strategies, Invesco.

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The TRADE

JUNE 5, 2024

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 post BlackRock and Citadel Securities back new Texas-based challenger exchange appeared first on The TRADE.

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The TRADE

JULY 27, 2023

US regulators have unveiled major new capital rules for lenders which is expected to see requirements for Global Systemically Important Banks (G-SIBs) increase by 19% and have a knock-on effect to trading and lending activities. There will be a period in which that’s implemented, some suggestions in the beginning of 2026.

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The TRADE

JUNE 29, 2023

Thursday’s agreement will see the establishment of a real-time EU-level consolidated tape for “different kinds of assets” traded in the EU. Data from “all trading platforms” will be included in consolidated tapes. Key information such as the price of instruments and the volume and time of transactions will be included.

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Trading Equities Capital Market Financial Market 73

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. Bilateral exposure to another counterparty can last years.

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Trading Risk Management IT Capital Market 70

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.  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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Trading Asset Management Equities Retail 62

The TRADE

JANUARY 16, 2024

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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Capital Market Book-building Equities Trading 67