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Capital markets technology provider Trading Technologies (TT) has moved to enhance its institutional clients visibility and agility in the equities markets with the launch of a new broker ranking system. The system is based on trade data compiled by Abel Noser Solutions which TT acquired in 2023.
Data, price sharing and workflow solutions provider MDX Technology (MDXT) has launched a new customisable broker screen solution. The new broker screen builds on MDXT’s existing Connect platform, which offers tailored features that can help brokers better navigate competitive markets.
Trading volumes executed electronically by equity investors increased last year, accelerating the evolution of the US stock trading business into an increasingly complex, technologically driven market structure. The post E-trading platforms experienced increased share of US equity trading volume in 2023 appeared first on The TRADE.
Almost two thirds (63%) of buy-side equity market participants believe outsourced desks would result in improved execution quality and trade performance when trading across regions, according to new research from Coalition Greenwich. This figure was up markedly from similar research in 2020, which had the result at 5%.
Stifel and Marex have unveiled a new prime brokerage referral partnership which will allow Stifel’s clients to access Marex’s trading and execution services. As part of the partnership, Marex’s institutional clients will receive access to Stifel’s research, banking, and corporate access offerings.
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.
You don’t want to see it [your trade] popping up on Twitter,” one market structure specialist told Coalition Greenwich. However, Continental Europe saw an increase in high-touch usage by the same margin, with e-trading on the up and 45% of their flow expected to be through algos.
Next up in our introduction to the distinguished nominees for the Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist the Best Broker Electronic Trading Initiative. Jefferies Jefferies Electronic Trading (JET) offers algorithmic strategies and program trading across Europe, the US and Asia.
Electronic trading platforms captured almost a third (32%) of overall Canadian equity trading volume in 2023, with this share expected to rise in the next three years, a new report by Coalition Greenwich has found. As a result, electronic and/or algorithmic trading has seen usage increase.
StoneX has moved to increase its remit and geographical reach through the acquisition of fixed income broker Octo Finances SA. StoneX will acquire 100% of Octo Finances SA shares once complete. Fixed income broker Octo Finances is in Paris. It specialises in bond and convertible sales, debt capital markets and credit research.
Nasdaq and FIA Tech have entered a partnership to reduce the complexity of post-trade data processing across the exchange traded derivative market. As part of the move, Nasdaq will integrate its clearing platform, Nasdaq Real-Time Clearing, into FIA Tech’s Trade Data Network.
As part of a major scheme from the Monetary Authority of Singapore (MAS) to develop the region as a global FX trading hub, several large banks over the last few years agreed to develop FX pricing and trading engines in Singapore, in partnership with MAS.
What are the key intricacies when trading in Asia? I understand that there are a number of European HFTs [high frequency trading firms] and market makers that are moving into the Asian markets because profitability here has been through the roof. What is the outlook for future trading opportunities in Asia?
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.
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.
Next up in our Leaders in Trading 2023 Editors’ Choice Awards write up series, we bring you the shortlisted candidates for Outstanding Dark Trading Venue, showcasing exceptional performance in the non-disclosed trading arena.
Exegy, ING and Optiver have become the latest organisations to join non-profit organisation Sustainable Trading, which is dedicated to transforming environmental, social and governance (ESG) practices in the global markets landscape.
UK-based boutique fixed income trading desk BlueBay Asset Management is beginning a new chapter in its life. For head of trading for the RBC BlueBay Asset Management London-based fixed income trading desk, Stuart Campbell, the institution’s combined size is a new strength. You’re taught to almost think like a PM.
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.
European agency broker and equities research specialist Redburn and US equity brokerage Atlantic Equities have completed the merger of their operations under Redburn’s parent company Rothschild & Co, initially announced on 26 April.
Interdealer broker BGC Group has received approval from the Commodity Futures Trading Commission (CFTC) for its FMX Futures Exchange to operate as an exchange for US Treasury and SOFR futures. It has a clearing services agreement with LCH, offering an integrated trading and clearing solution.
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.
In a panel at the JSE SA Trade Connect 2024 conference in Cape Town, South Africa, panellists explored the ways in which fragmentation is impacting the trading of dual listed equities in the South African market. But for our clients here in South Africa, in particular, where liquidity is, that’s where we go.
Virtu has upgraded its POSIT Alert block trading capabilities to include automated dark liquidity seeking in a bid to tackle fragmentation in the non-displayed markets, The TRADE can reveal. Prior to Alert+, clients would send an order in of a number of shares and we would execute what we could and send any residual back.
The FIA European Principal Traders Association (FIA EPTA) has today released a report suggesting a portion of trading left unreported is partially to blame for the negative picture painted around declining volumes in the Bloc.
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capital markets for decades in some form or another. However, an undeniable surge has occurred across the trading sphere over the last few years, with decidedly mixed results. And the number is climbing.
How is the FIX Trading Community addressing the outages topic? The main point is to make sure that the information that is shared following an outage is relevant to the audience it is being sent to, which requires a bit of thought and is something that firms should be focusing on as they start to grapple with these kinds of problems.
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.
TS Imagine and Cassini Systems have today entered a strategic partnership, with Cassini’s intelligent analytics across over the counter (OTC) and exchange traded derivatives (ETD) products now available via TS Imagine’s offering, The TRADE can reveal.
MarketAxess is set to acquire multi-asset algorithmic trading provider, Pragma, for an undisclosed sum at the end of this year, subject to closing conditions. Pragma offers algorithmic trading and analytical services across equities, foreign exchange and fixed income.
The annual Leaders i n Trading gala is the most distinguished awards night for the trading community. Among the most coveted awards categories is the Editors’ Choice Awards and today we bring you the 2023 nominees for Outstanding Post-Trade Services Provider.
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for the Outstanding Market Data Provider category, shining a light on those displaying recent excellence in the data sphere.
The UK’s Financial Conduct Authority (FCA) has confirmed that its guidance regarding the post-Brexit definition of trading venues has come into force today, 9 October. It makes clear that in the case that a firm does not operate a multilateral system, it will not require authorisation as a trading venue.
However, despite this, Joe Collery, head of trading at Comgest endorsed a measured approach whilst speaking at TradeTech earlier this week. With innovation rife across the emerging markets space, it should come as no surprise that plans for further investment are picking up pace.
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Non-Bank Electronic Liquidity Provider, showcasing excellence in liquidity provision outside of the traditional sphere. billion compared to € 2.8 billion the previous year.
million funding round aimed at expediating the development of FIA Tech’s Trade Data Network (TDN) initiative. The TDN initiative provides a shared ledger of trading information specifically aimed at addressing current fragmentation and lack of transparency which exists in exchange traded derivatives (ETD) post-trade processing.
Once approved, the expanded trading platform of Panmure Liberum will also boast trading relationships with more than 900 counterparties across the UK, US, Europe and Asia. The deal comes just three months after Deutsche Bank completed the acquisition of institutional broker Numis for £410 million.
Global asset manager Robeco leverages a low touch and high touch trading team that spans across three continents. And, like most asset managers across the street, its global equity trading desk plays host to a variety of characters, each bringing their own individual string to the wider team’s bow.
The BlackRock EMEA equity trading team picked up The TRADE’s highly coveted Trading Desk of the Year, Long-Only award at the Leaders in Trading 2023 event in November. And that is exactly what the London-based trading team embodies. Every day is different, and markets are evolving at a phenomenal pace.
The accepted review also set the path for potentially removing the unbundling rules – an inherited EU law under Mifid II that requires brokers to charge a separate fee for research. The post EU and UK Investment Research Reviews: Convergence is paramount appeared first on The TRADE.
Majority of prop trading firms obliged to join FINRA under expanded SEC rule And finally, we reach the crescendo of The TRADE’s most read stories for 2023. Today [23 August], many broker-dealers conduct significant cross-exchange or off-exchange activity,” said Gensler in an August statement.
This realisation became one of the catalysts which has sparked more of an acceptance of outsourcing parts of the trading desk among buy-side firms, something which many once considered – though some still do – an unthinkable concept. Outsourced trading is no longer a taboo topic. It’s no longer all or nothing.
Automation was central to a panel discussion on pre-trade transparency and front-to-back trading workflows last week at the Fixed Income Leaders Summit, with panellists noting that automation has different use cases and levels of success within the context of fixed income. added Goddard.
rn Summary: Richard Parker shares his journey in the mergers and acquisitions industry and provides valuable insights for aspiring entrepreneurs looking to buy a business. Richard also discusses the role of brokers and the importance of maintaining a good relationship with sellers throughout the buying process.
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