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Aquis VWAP Match service set to go live in Q1

The TRADE

The new service will have the market identifier code (MIC) AVXE in the UK and AVEU in Europe and volumes will be printed under the off-book on-exchange bucket. In terms of USPs, we made the rule change on our lit book towards the end of last year and there’s an element of that that we’re bringing into VWAP Match as well.

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LMAX Group goes live with FX NDF trading in Singapore and London

The TRADE

Read more: LMAX Group given green light for NDF trading in both Singapore and London The FX NDFs are traded on a central limit order book (CLOB), delivering transparent price discovery and execution to all market participants including banks, non-banks, proprietary trading firms, institutional brokers, asset managers and buy-side institutions. “We (..)

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The changing role of the buy-side in fixed income price making

The TRADE

Due to a limited handful of offerings such as Liquidnet’s new issue trading platform, buy-side use of central limit order books in fixed income remains incredibly low. Contingent on liquidity, some quantitative and proprietary trading firms use them for the Treasury markets.

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Outsourced trading: Easy to do, difficult to get right

The TRADE

As Rebecca Crowe, managing director and chief operating officer, BNY Mellon Markets, previously told The TRADE, “Years ago, it was the middle-office who were contemplating outsourcing and people couldn’t even consider that you would allow somebody into your books and records in that way.”

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A look into the centrally cleared future

The TRADE

Institutions should also note that the SEC has implemented a regulatory change to redefine the term ‘dealer,’ aimed at increasing oversight of proprietary trading firms (PTFs), which are key liquidity providers in the US Treasury market.

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The 20 greatest trading innovations

The TRADE

For more information on the various providers in the EMS market, check out The TRADE’s annual survey. Bloomberg Terminal Up next and needing little introduction is the Bloomberg Terminal, Bloomberg’s data and proprietary trading platform. Dark trading is a popular practice globally.

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Leaders in Trading 2023: Meet the nominees for… Outstanding FX Trading Venue

The TRADE

In 2022, CME Group saw a record year for its exchange-listed foreign exchange products, which was followed by a record day for its FX suite of products in March this year, trading $296 billion notional in one day across over three million contracts.

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