The TRADE

JANUARY 9, 2025

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 post Optiver, XTX Markets among consortium to back launch of Brazilian derivatives exchange A5X appeared first on The TRADE.

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Global Banking & Finance

DECEMBER 6, 2024

By Enes Tunagur (Reuters) -Oil prices fell on Friday as analysts continued to forecast a supply surplus in 2025 despite the OPEC+ decision to postpone planned supply increases and extend deep output cuts to the end of 2026. Brent crude futures were down 66 cents, or 0.9%, to $71.43 per barrel at 1128 GMT. U.S. […]

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Global Banking & Finance

SEPTEMBER 18, 2024

By Virginia Furness and Simon Jessop Dutch lender ING is further restricting access to finance for some oil and gas companies and from 2026 could drop clients that fail to align with its plans to be net zero, the bank’s chief executive told Reuters. European banks have taken the lead in policies to tackle […]

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The TRADE

JULY 10, 2024

With the amount of US Treasury clearing activity processed through FICC expected to rise by $4 trillion daily following the SEC’s expanded clearing mandate which will be implemented in 2025 and 2026, DTCC’s calculator will be a key tool for firms to determine VaR and potential margin obligations for any simulated portfolio.

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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

SEPTEMBER 23, 2024

The additional minimum pricing increment or ‘tick size’ will apply to the quoting of certain NMS stocks, while the reduction in access fee caps will be linked to protected quotations of trading centres. For odd-lot information, the compliance date will be the first business day of May 2026. That goes to the heart of the SEC’s mission.

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The TRADE

JANUARY 22, 2025

Construction on the first data centre has begun, with completion planned for 2026. The post XTX Markets to make 1 billion investment in Finnish data centre project appeared first on The TRADE. In the coming years, the firm plans to build four additional data centres on the same site.

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The TRADE

JULY 6, 2023

Last week, the European Council and Parliament introduced a “general ban” on PFOF, with temporary exemptions for member states where firms currently use the practice until June 2026. The post Retail boost is driving volumes off-exchange, Liquidnet finds appeared first on The TRADE.

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The TRADE

SEPTEMBER 24, 2024

The suite consists of 14 actively managed target maturity ETFs with various maturity years ranging from 2026 to 2034. The post SSGA launches first actively managed corporate and municipal target maturity ETFs in the US appeared first on The TRADE. SSGA’s dedicated active fixed income portfolio management team will manage the funds.

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The TRADE

JANUARY 4, 2024

A key contributing factor for banks and investors clearing more than previously is the increasing cost of trading derivatives OTC as a result of uncleared margin rules. In addition, Treasury clearing mandates are set to take effect in 2026, which if successful will create a long-term ROI which the SEC seeks. to just over £2.6

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The TRADE

JUNE 21, 2024

Companies required to report in 2025 are already included in Bloomberg’s coverage, with plans to extend coverage to include the companies that will start to report in 2026. The post Bloomberg to offer access to CSRD data ahead of reporting deadline appeared first on The TRADE.

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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

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

JULY 17, 2024

Royal London Asset Management’s (RLAM) trading team is no stranger to change. Brought in to set up the firm’s fixed income desk was current head of trading and execution analytics, Kevin Flood, who joined RLAM with an extensive trading career previously under his belt, having already served for 15 years at Deutsche Bank.

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How2Exit

OCTOBER 3, 2022

billion by 2026. These platform MSPs subsequently trade at higher values. According to a report by Mordor Intelligence, the Global Managed Service Provider Market was valued at $152.05 billion (USD) in 2020. The market is expected to grow to $274.20 This implies the relevance and adoption of managed services are here to stay.

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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

OCTOBER 21, 2024

“We anticipate that the regulatory wave will continue, and we are proactively working on behalf of our clients to help them meet their compliance requirements,” said Ben Cooling, general manager, regulatory trade and transaction reporting at Broadridge. “The

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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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The TRADE

OCTOBER 22, 2024

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 TRADE

DECEMBER 13, 2023

The UK’s Accelerated Settlement Taskforce is aiming to publish its report and recommendations on shortening the cycle to T+1 in January 2024, The TRADE’s sister title Global Custodian has learnt. The post UK settlement taskforce to deliver T+1 report in January as timeline debate rumbles on appeared first on The TRADE.

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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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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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The TRADE

DECEMBER 11, 2024

The second and final phase of the migration is targeted for completion in Q1 2026. The post State Street onboards Harris | Oakmark to Alpha appeared first on The TRADE. State Street said the first phase of the integration was completed ahead of schedule, after the custodian was awarded with a middle-office mandate at the end of 2023.

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The TRADE

JUNE 21, 2024

When we proposed the rule in February 2022, only about two-thirds (68%) of transactions were being affirmed on trade day. I don’t suspect you will follow the timing of Argentina or Jamaica. Currently, currency markets settle in T+2, but if major markets in North America and Asia move to T+1, it could be beneficial.

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The TRADE

DECEMBER 20, 2023

The FCA has also confirmed that next steps for the equities consolidated tape will be published next year, while ESMA sets forth a possible 2026 equity tape date and confirmed Q4 2025 at the earliest for the launch of the first selection for derivatives CTP. Read more: If you build it, will they come?

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JD Supra: Mergers

NOVEMBER 21, 2024

debt is set to come due by 2026” for a number of publicly traded multi-state cannabis operators (“MSO”s). Based on a recent article in the Green Market Report (and corresponding public filings), “$1.83 billion of.

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The TRADE

MARCH 10, 2025

Nasdaq has begun engaging with regulators to enable 24-hour trading, five days a week on the Nasdaq Stock Market. Tal Cohen, president, Nasdaq The exchanges timeline is pending regulatory approval and alignment with industry infrastructure providers, with plans to launch in the second half of 2026.

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The TRADE

FEBRUARY 20, 2025

The plan published by the AST includes a Code of Conduct for market participants, confirming that 11 October 2027 will be the first trading date in UK cash equities forsettlementon aT+1cycle; aligning with the European Union and Switzerland. The post FCA welcomes UK taskforce final report on the move to T+1 appeared first on The TRADE.

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The TRADE

JANUARY 9, 2025

The US dollar collateral will be invested in our sponsored repo transaction which meets US Treasury repo clearing requirement scheduled to be introduced by the US Securities and Exchange Commission (SEC) in June 2026.

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The TRADE

MARCH 12, 2025

Euronext Amsterdam, Brussels and Paris are set to designate Euronext Securities as the central securities depository (CSD) for the settlement of equity trades from September 2026. At present, the settlement of equity trades in Europe is fragmented across over 30 different CSDs.

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The TRADE

NOVEMBER 14, 2024

The updated risk tools seek to support firms as they prepare for the expansion of US Treasury clearing in 2025 and 2026. The post DTCC’s FICC bolsters VaR calculator capabilities ahead of US Treasury clearing requirements appeared first on The TRADE.

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The TRADE

JANUARY 9, 2025

The US dollar collateral will be invested in our sponsored repo transaction which meets US Treasury repo clearing requirement scheduled to be introduced by the US Securities and Exchange Commission (SEC) in June 2026.

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The TRADE

FEBRUARY 27, 2025

TheUS Securities and Exchange Commission (SEC) has officially extended the compliance dates for the Treasury clearing rule, by over a year, with changes now set to go live 31 December 2026 for cash markets and 30 June 2027 for repo.

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The TRADE

FEBRUARY 6, 2025

The plan includes a Code of Conduct for market participants, which confirms11 October 2027 will be the first trading date in UK cash equities forsettlementon aT+1cycle in line with the European Union and Switzerland. Market participants should start planning now ahead of the 2025 budget process for project funding in 2026.

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The TRADE

JANUARY 31, 2025

If you step onto a broking floor today, youll hear the familiar buzz of brokers advising clients and executing trades. It allows us to leverage the latest technological advancements, like AI and machine learning, to enhance trading efficiency and market insights. How is technology changing the role of individual OTC brokers?

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The TRADE

DECEMBER 3, 2024

TP ICAP’s “All in on Cloud” strategy aims to migrate over 80% of its technology infrastructure to AWS by the end of 2026. The post TP ICAP extends collaboration with AWS to bolster technology infrastructure appeared first on The TRADE.

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The TRADE

NOVEMBER 22, 2024

We will continue to work closely with our clients and key stakeholders on ensuring safe, smooth and successful implementations in 2025 and 2026.” The post SEC approves FICC access models and segregated accounts and margin rule filings appeared first on The TRADE.

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