The TRADE

MAY 15, 2024

OTC Markets has set out plans to launch a new overnight US dollar trading offering in the coming months in a bid to expand accessibility to the over-the-counter markets. Overnight trading takes place after market close and prior to the next day’s market open.

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The TRADE

SEPTEMBER 5, 2023

FXCM’s institutional arm FXCM Pro has entered a liquidity bridging partnership with Tools for Brokers (TFB), an international provider of technology for retail brokers, prop trading companies and hedge funds. Brokers are also provided with data analysis and improved risk management through one user interface.

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The TRADE

JANUARY 22, 2025

TMX Group has launched a new US-based alternative trading system (ATS) venue, designed to create a trading environment with enhanced execution quality. The ATS will trade US-listed securities only (Reg NMS), with TMX Group adding that participants will be FINRA-registered broker dealers.

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Global Newswire by Notified: M&A

MAY 1, 2025

New York, NY, May 01, 2025 (GLOBE NEWSWIRE) -- South Street Securities LLC (South Street Securities) is pleased to announce the completion of its merger with GX2 Spread Markets LLC (GX2 Spread Markets), having received regulatory approval from the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA).

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The TRADE

NOVEMBER 12, 2024

Today’s markets remain volatile and complex for buy-side traders to navigate,” said Alan Polo, head of sales and trading, Americas, at Liquidnet. “Although many algorithms in the market boast exceptional performance, the reality is that an algorithm’s effectiveness depends entirely on the quality of the liquidity it can reach.

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The TRADE

JULY 23, 2024

Pan-European trading venue for securities Spectrum Markets has welcomed Baader Bank as a new trading member. Nicky Maan Baader Bank has been trading securities for over four decades, offering its partners and institutional investors access to capital markets through integrated trading platforms.

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The TRADE

JULY 18, 2024

The Green Impact Exchange (GIX) is on track to becoming the first sustainability-focused securities exchange in the US to file with the US Securities and Exchange Commission (SEC), and if approved, could begin operations in early 2025. It means you’re serious ,” explains Labovitz.

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The TRADE

MAY 9, 2024

Citi has made a strategic minority investment in Greenwich-based fintech, Cicada Technologies (CT), to facilitate institutional e-trading of Mexican government bonds. Citi’s Markets Strategic Investments unit handled the investment, with Citi set to act as a liquidity provider for the trading platform.

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The TRADE

DECEMBER 8, 2023

Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the risk management practices of prime brokers. Elsewhere, other local regulatory changes and benchmark replacements continue to impact prime brokers.

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The TRADE

AUGUST 11, 2023

Crypto trading platform Bittrex – along with its former chief executive, William Shihara – has been ordered to settle SEC charges for failing to register as an exchange, broker and clearing agency.

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The TRADE

JULY 12, 2023

LCH – part of the post-trade division of London Stock Exchange Group – has announced that Barclays and Barclays Ireland are now live as clearing brokers at CDSClear. Two years later, the European Securities and Markets Authority reauthorised the CCP to clear the products under the European Market Infrastructure Regulation.

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The TRADE

MAY 15, 2024

BNY Mellon has today announced the integration of Global Markets Trading (GMT), which will combine the firm’s capabilities in foreign exchange, fixed income, equities and capital markets to provide full-service client provisions.

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The TRADE

AUGUST 15, 2023

LCH – part of the post-trade division of London Stock Exchange Group – has announced that Goldman Sachs International and Goldman Sachs Bank Europe SE have gone live as clearing brokers at CDSClear at it continues to expand its network. “By The post Goldman Sachs goes live as clearing broker for LCH appeared first on The TRADE.

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The TRADE

AUGUST 8, 2024

Cboe Global Markets is set to launch options on Cboe Volatility Index (VIX) futures, with an expected date to commence trading on 14 October, subject to regulatory review. Rob Hocking Cboe currently offers securities-based VIX Index options, allowing investors to manage or gain exposure to broad US equity market volatility.

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The TRADE

JULY 8, 2024

Set to launch in the fourth quarter, the VWAP-X service will be made available through block trading platform Cboe BIDS Europe and will give users a greater chance of sourcing and matching liquidity at a forward benchmark price. Trades will be reported in real time as off-book on-exchange executions.

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The TRADE

JUNE 28, 2023

New York-based independent prime broker Clear Street is set to launch a new investment banking business named Strategic Advisory Services. Earlier in his career he held equity sales and trading positions at Cantor Fitzgerald. Elsewhere in his career, Hemmerly held senior positions at JP Morgan, PwC, Hefferies and JMP Securities.

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The TRADE

JUNE 20, 2023

Futures industry technology provider FIA Tech has enhanced its Trade Data Network (TDN) to support the operational resiliency demands of clearing firms utilising the platform. The initiative is made up of 16 banks or brokers, as well as 40 investment managers and hedge funds with combined assets under management of more than $37 trillion.

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How2Exit

MARCH 17, 2023

11 Things You and I Can Learn About Business and Exit Events From Our Interview With Nate Lind - Successful Serial Entrepreneur and Broker. He spoke at trade shows and made himself known, which led to him being approached by a shopping cart system to buy up some of his technology.

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The TRADE

SEPTEMBER 19, 2023

Wall Street giant Citi has made a number of cuts to it cash equities trading business in London, according to two people with knowledge of the matter, The TRADE can reveal. Lackenby joined the bank two years ago from broker Market Securities. Citi is the latest bank making cuts to its trading and investment banking unit.

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The TRADE

AUGUST 15, 2023

Not-for-profit business Plato Partnership and Brazilian regulated fintech SL Tools have jointly announced a plan to bring block trading opportunities to Brazil’s securities marketplace, The TRADE can reveal. The product is set to be up and running in Q1 2024, with all the licenses expected to be in place, The TRADE can reveal.

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The TRADE

SEPTEMBER 12, 2024

The TRADE is delighted to announce the first batch of shortlists for the upcoming Leaders in Trading New York Awards ceremony set to take place in November. So, without further a due, it gives The TRADE great pleasure to announce the following awards shortlists for Leaders in Trading New York 2024!

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The TRADE

MAY 14, 2024

The consolidated order book consists of all lit quotes across the primary venues and MTFs that trade Nordic and Baltic securities with the corresponding original place of listing. Elsewhere, systematic traders can identify simplify data collection for equity and ETP stock performance across different trading venues.

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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. Jim Goldie “The impact on a Thursday is that brokers need to fund for another three days.

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The TRADE

SEPTEMBER 6, 2023

FIA Tech’s Trade Data Network (TDN) is now certified with and connected to Singapore Exchange (SGX), with FIA Tech expected to roll out TDN connectivity to all SGX members subscribed to the network in Q4. The post FIA Tech connects Trade Data Network to Singapore Exchange appeared first on The TRADE.

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The TRADE

SEPTEMBER 19, 2023

Tradeweb clients are now able to clear Yen swaps – executed on its multilateral trading facilities (MTFs) and swap execution facilities (SEFs) – via the Japan Securities Clearing Corporation (JSCC). The post Tradeweb and Japan Securities Clearing Corporation collaborate on Yen swaps appeared first on The TRADE.

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The TRADE

FEBRUARY 13, 2024

In a keynote speech at the Johannesburg Stock Exchange (JSE) South Africa (SA) Trade Connect 2024 conference, James Baugh, managing director, head of European market structure at TD Cowen, kicked off by highlighting that market structure and liquidity dynamics in South Africa mirror those felt in other markets and in particular, Europe.

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The TRADE

SEPTEMBER 20, 2023

The FIX Trading Community has launched a new real-time messaging type aimed at supporting the industry in its shift to accelerated settlement cycles. If FX trades cannot be completed in the same time frame there is the potential the market could start to see more settlement fails.

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The TRADE

JUNE 13, 2024

The move bolsters KCx’s presence in South Africa, alongside boosting the platform’s ability to source liquidity in hard-to-find securities, which will help improve executions for clients. Elsewhere, KCx partnered with Adaptive to develop an event-driven trading system based on Aeron and its own Hydra technology.

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The TRADE

JULY 3, 2023

Barclays selected an internal candidate and a new hire from BNP Paribas to become its new co-heads of G10 FX trading. New co-heads Torsten Schöneborn and Jerry Minier will be London-based, reporting to Michael Lublinsky, global head of macro, according to an internal memo seen by The TRADE. His next role is unconfirmed.

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The TRADE

SEPTEMBER 19, 2023

The D epository Trust & Clearing Corporation (DTCC) has revealed that 350 Investment managers are now leveraging CTM’s automated trade affirmation capabilities to accelerate the post-trade lifecycle, as firms prepare for the US move to T+1 trade settlement. Achieving SDA is critical to meeting US T+1 settlement timelines.

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The TRADE

SEPTEMBER 14, 2023

A third of post-trade firms are operating with legacy platforms more than a decade old, with budgets being dominated by maintenance and upgrades over investments in replacements and transitions, new research has found. The post New study of post-trade ecosystem shows pain of legacy systems appeared first on The TRADE.

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The TRADE

FEBRUARY 26, 2024

Redburn Atlantic has moved to expand its UK and European execution business with two new heads of sales trading, The TRADE can reveal. Tony Atkins Tony Atkins has been appointed UK head of sales trading. Alongside his appointment, Redburn Atlantic sales trader Luc Demoulin has been appointed EU head of sales trading.

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The TRADE

SEPTEMBER 19, 2024

Central to many discussions on stage at TradeTech FX this week was the need to untangle credit and liquidity in order to allow the buy-side to future proof their trading workflows. A prime broker at the centre of their credit universe doesn’t make sense.” Big banks want to do more trading but they’re capped out at capacity.

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The TRADE

FEBRUARY 13, 2024

Nasdaq has secured its first anchor client in Thailand as it looks to expand its Nasdaq Risk Platform into Asia. The deal builds on an existing relationship between the pair, with KKPS already using Nasdaq’s Trade Surveillance technology.

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The TRADE

DECEMBER 14, 2023

The Securities and Exchange Commission (SEC) has adopted major rule changes for the $26 trillion US Treasury market requiring more trades to be centrally cleared. Today’s adopting release addresses clearing of treasury securities in two important ways,” said Gary Gensler, SEC chair.

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The TRADE

SEPTEMBER 21, 2023

Redburn Atlantic has made several new hires from the buy- and sell-side to bolster its newly merged business, The TRADE can reveal. Brandi Bailey has been appointed to the sales trading team based in London. The post Redburn Atlantic grows sales trading and execution teams following merger appeared first on The TRADE.

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The TRADE

AUGUST 18, 2023

Redburn Atlantic has appointed Lisa Christou as head of sales trading, US equities to international. Elsewhere in her career, Christou held a securities lending equities position at Citi. The post Redburn Atlantic names new head of sales trading, US equities to international appeared first on The TRADE.

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