The TRADE

OCTOBER 24, 2024

Order and/or execution management systems (OEMS) Kicking off this whistle-stop summary as the number one most impactful innovation in the industry is the order and/or execution management system (OEMS) – the beating heart of trading desks around the world. CLS Coming in at number three is the multi-currency settlement system, CLS.

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Trading Investors IT S&P 120

JD Supra: Mergers

SEPTEMBER 26, 2024

Trade and investment between the Middle East and Asia-Pacific (APAC) regions is booming, underpinned by restored bilateral relations between Saudi Arabia and Iran—brokered by China—and renewed economic growth potential. Meanwhile, the West’s separation from Russia has arguably pushed Eastern regions to become more cooperative.

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M&A Broker Economics Trading 188

CNBC: Investing

DECEMBER 27, 2023

Market volume may be dormant this time of the year, but some retail traders snapped up some stocks and options in recent days.

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Broker Stock Retail Trading 108

The TRADE

NOVEMBER 3, 2023

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%.

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The TRADE

DECEMBER 28, 2023

We expect a continued shift of trading activity to more traditional, regulated exchanges and venues.  In November, CME overtook Binance as the leading exchange from an open interest perspective on the bitcoin futures contract. The post The TRADE predictions series 2024: Digital assets appeared first on The TRADE.

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Trading Investors Valuation Broker 121

The TRADE

JANUARY 17, 2024

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.

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Trading Equities Electronics Shares 75

The TRADE

MAY 7, 2024

Kepler Cheuvreux Execution Services (KCx) has gone live as a broker on Bloomberg Tradebook’s PAIR solution. The move will enable traders to execute multi-currency pair trades with KCx, navigating arbitrage strategies with better precision and efficiency.

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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

JULY 19, 2023

More than three quarters of surveyed prop trading firms confirmed said volatility trading strategies had out-performed other markets last year, according to a new report from Acuiti. Around a third of surveyed firms which are not currently trading volatility products confirmed their intention to do so going forward.

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Trading Proprietary Trading Funds Broker 98

The TRADE

AUGUST 24, 2023

to cover previously exempt proprietary trading firms. The move to increase the number of broker dealer firms registering with FINRA comes as the commission aims to promote fair, orderly, and more efficient markets. Today [23 August], many broker-dealers conduct significant cross-exchange or off-exchange activity.

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Trading Proprietary Trading Broker Securities 98

The TRADE

MARCH 6, 2024

European retail brokers are expected to target growth in institutional markets alongside expanding into listed derivatives if restrictions on contract for difference (CFD) markets continue to gain traction, a study by Acuiti in partnership with ION has found. For incumbent institutional firms this provides an opportunity.

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Broker Retail Trading Proprietary Trading 69

PE Hub

JULY 21, 2023

Valley Stream, New York-based Alba Wheels Up is a provider of customs brokerage, freight forwarding, trade compliance and other logistics services. The post Southfield Capital-backed Alba Wheels Up buys customs broker V.T. Mancusi appeared first on PE Hub.

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Broker Capital Trading 70

The TRADE

APRIL 3, 2024

Société Générale has become the first prime broker to tap DTCC’s CTM’s new automated tri-party trade matching workflow as the industry prepares for the heightened focus on meeting global accelerated settlement requirements. Right from the start we were excited to be part of the initiative.

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Trading Broker Funds Management 69

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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Trading Broker Equities Securities 75

The TRADE

OCTOBER 1, 2024

The watchdog also charged the bank with “failing to supervise” the head of its US Treasuries trading desk who allegedly made “hundreds” of illegal trades over that period. Mark Cave, associate director in the SEC’s division of enforcement, said: “Manipulative and deceptive trading undermines the integrity of our markets.

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Securities Trading Broker Profitability 111

The TRADE

DECEMBER 28, 2023

The evolution of the FX swaps market is at an important turning point, with many participants looking to electronify and optimise what has traditionally been traded on an RFQ or RFS basis, as well as demanding much greater price transparency. As As the FX swaps market grows, we expect to see regional banks trade more FX swaps.

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Trading Funds Risk Management Management 111

The TRADE

MARCH 5, 2024

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.

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Broker IT Electronics Trading 121

CNBC: Investing

JUNE 29, 2023

The alerts may be prompting you to make significant trading errors and underperform the market.

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Broker Trading 98

The TRADE

MARCH 12, 2024

Broadridge has launched a global futures and options (F&O) software-as-a-service (SaaS) platform, aimed at expanding derivatives trading capabilities. The full hosted platform has been designed for futures commission merchants (FCMs) and agency brokers.

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Trading Risk Management Architecture Management 78

The TRADE

OCTOBER 26, 2023

Fixed income broker-dealer Millennium Advisors has appointed Dylan Blair managing director and global head of US dollar credit trading as the business continues its expansion efforts. Speaking to The TRADE, Blair said: “ Fixed income trading is in a period of significant structural change.

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Trading Management M&A Broker 96

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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Trading Banking Bank Retail 64

The TRADE

JUNE 12, 2024

As part of the move, ION’s Fidessa trading platform is now certified for cash equities trading on BSE. After completing the audit process, BSE has since certified Fidessa as compliant with all relevant exchange rules and regulatory standards, allowing exchange members to use the platform for equities trading on BSE.

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Equities Trading Broker Risk Management 64

The TRADE

OCTOBER 25, 2024

As equity traders continue to seek ever more innovative ways to bolster their offerings, the rise of Alternative Trading Systems (ATSs) has followed – currently executing around 16% of all US equity volume. Speaking to the motivators, one surveyed sell-side head asserted: “The buy side wants to see us trading there.

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Trading Equities Broker Asset Management 69

The TRADE

OCTOBER 17, 2023

Named NYFIX Fill Matching, the FIX based real-time reconciliation product compliments Broadridge’s existing post-trade NYFIX Matching solution. According to the firm, NYFIX Fill matching is the only platform that matches fills between brokers and asset managers in real-time. “As

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Trading Asset Management Broker Management 69

The TRADE

SEPTEMBER 13, 2024

StoneX has moved to increase its remit and geographical reach through the acquisition of fixed income broker Octo Finances SA. Fixed income broker Octo Finances is in Paris. The post StoneX to acquire fixed income broker Octo Finances appeared first on The TRADE.

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The TRADE

OCTOBER 27, 2023

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.

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Trading Asset Management Management Investment Manager 90

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

MARCH 1, 2024

Aquis Exchange is set to begin charging its trading members for non-displayed market data feeds for the first time since its inception almost 11 years ago. Non-display and terminal fees are now applicable to trading members, the notice confirmed. All other members, excluding AQSE broker membership, will have to pay £2,500 per month.

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Trading Proprietary Trading Broker IT 119

The TRADE

MARCH 18, 2024

Digital brokerage GCEX has launched a new margin trading platform, offering increased flexibility and control for operational efficiency. The new platform provides enhanced charting functionalities, deposit and withdrawal processes, alongside improved monitoring and management of trading instruments and positions.

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Trading Electronics Broker Management 69

The TRADE

DECEMBER 5, 2023

FlexTrade Systems and BTON Financial have delivered a new integration which provides users of FlexTRADER EMS access to AI-driven broker selection suggestions to help improve best execution performance. The post FlexTrade and BTON Financial deliver AI-powered trading automation solution appeared first on The TRADE.

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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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Trading Asset Management Capital Market Broker 69

The TRADE

MAY 28, 2024

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.

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Trading Broker Capital Shares 69

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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Broker Business Sale IT 130

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. Clear Street has hired a team of investment bankers to build out the investment banking and advisory offering.

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The TRADE

MAY 1, 2024

The CFTC has approved updates to its large trading reporting regulations for futures and options. The updated regulations call for future commission merchants, clearing members, foreign brokers and reporting firms to report position information for the largest futures and options traders to the Commission.

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Trading Broker IT 69

The TRADE

AUGUST 13, 2024

Trading Technologies has completed the acquisition of Abel Noser’s broker-neutral trade optimisation platform, START. The deal is the second – and final – part of Trading Technologies’ acquisition of Abel Noser Solutions.

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Trading Acquisitions Broker Business 59

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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Broker Trading Equities IT 105