The TRADE

JULY 4, 2023

However, while many market participants agree the compromise is a long-awaited breath of fresh air, others disagree. Among them is the Association of Financial Markets in Europe (AFME) that has noted that some aspects of the deal are likely to lead to suboptimal outcomes due to the lack of clarity on the inclusion of pre-trade data.

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The TRADE

JANUARY 16, 2024

Currently, Mifir foresees three consolidated tapes for Europe, a bond CT – set to be operational by mid-2025, an equities tape set to be operational in early 2026, and a derivatives CT planned for later the same year.

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The TRADE

APRIL 3, 2024

Examples of financial instruments which could be issued and traded in the DSS include equities, corporate and government bonds, and money market instruments.

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The TRADE

MARCH 4, 2024

Among those to have responded have been the International Capital Market Association (ICMA), International Securities Lending Association (ISLA) and the Association of Global Custodians (AGC). In addition, the move was put into the context of a possible shift to T+1 in Europe, along with the Capital Markets Union.

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The TRADE

JUNE 29, 2023

Graham Dick, market structure analyst, Aquis Exchange, added: “It is extremely good news that the European Parliament, Commission and Council have agreed on the creation of a consolidated tape for European equities.

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The TRADE

JULY 4, 2023

An initial focus will be on a consolidated tape for bonds, followed by an equities tape. Speaking on the latest development, Adam Farkas, chief executive of the Association for Financial Markets in Europe (AFME), noted that a single consolidated tape provider will also be easier for the official sector and industry to monitor. “We

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The TRADE

SEPTEMBER 14, 2023

A CT for bonds will be the initial focus, with an equities tape following at a later stage. At the same time, even an appropriately constructed consolidated tape will not fully address the current unacceptably high cost of market data. “At The FCA also stated that it plans to run a competitive tender process for the bonds tape.

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The TRADE

JULY 10, 2023

Davies joins Liontrust following a two-year stint at Northern Trust.

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The TRADE

MAY 16, 2024

In the constantly evolving financial markets landscape, where volatility and complexity are continually featured, the ability to discern the true costs of trading has become paramount for investors and institutions alike. Something that doesn’t extend to all corners of the markets.

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The TRADE

APRIL 22, 2024

Named FIX Wizard and built on Imandra’s neuro-symbolic architecture, the new offering automatically reasons complex financial protocols and APIs, serving as an AI assistant for onboarding clients in capital markets.

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The TRADE

JULY 6, 2023

The buy-side are “aware and worried” as the US shift to T+1 looms closer and the testing phase begins globally, a panel held by the Association for Financial Markets in Europe (AFME) has said. Panellists raised concerns over FX, settlement fails, and potential regulatory hurdles during the webinar held by AFME on 27 June.

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Deal Law Wire

APRIL 30, 2021

A mini-tender is an unsolicited and widely disseminated offer to purchase less than 20% of the outstanding voting or equity shares of a public company. In Canada, mini-tenders are generally made for significantly less than 20% of outstanding shares at a substantial discount to market. What is a mini-tender?

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The TRADE

APRIL 30, 2024

Over the past two decades, several critical financial market regulations have been implemented globally, particularly in response to the 2008 Global Financial Crisis (GFC). The years following 2008’s GFC experienced continued financial regulatory reform.

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The TRADE

OCTOBER 24, 2024

While adoption is widespread in equities other asset classes such as fixed income have been slower to adopt these systems given the nuances of the workflows and liquidity landscapes in these markets. For more information on the various providers in the EMS market, check out The TRADE’s annual survey.

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Trading Investors IT S&P 120

JD Supra: Mergers

MARCH 4, 2025

The end of 2024 and start of 2025 saw a flurry of activity and publications from the FCA, with the UK financial markets regulator continuing to consult on, and revise, its rulebooks, including to advance a more attractive and competitive UK capital markets landscape.

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JD Supra: Mergers

MARCH 6, 2025

The end of 2024 and start of 2025 saw a flurry of activity and publications from the FCA, with the UK financial markets regulator continuing to consult on, and revise, its rulebooks, including to advance a more attractive and competitive UK capital markets landscape.

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The TRADE

JANUARY 20, 2025

Malrait was most recently managing director and global head of market structure and innovation for financial markets at ING Bank, overseeing the financial market innovation strategies within the firm.Before joining ING in 2015, he spent eight years at Socit Gnrale, most recently working as global head of FIC eCommerce.

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The TRADE

JANUARY 13, 2025

most recently served as head of electronic equity trading at BNYs London branch for 11 years. Aviad Axelrod was named head of fixed income and equities (FIEQ) product for EMEA at BNY within the Global Markets Trading business. The Association for Financial Markets in Europe (AFME) appointed April Day head of capital markets.

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The TRADE

NOVEMBER 12, 2024

These include the need for automation and data-driven decisions to navigate regulatory pressures and stay competitive in increasingly complex financial markets.” Earlier this week, big xyt claimed the award for Outstanding Market Data Services Provider – Equities at The TRADE’s coveted Leaders in Trading awards.

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The TRADE

MARCH 12, 2025

The intended transaction is a major step, set to shake up the European equities landscape. This will see us bolster the Groups position as a leading pan-European financial market infrastructure provider, while enhancing our high-value global data offering in an increasingly competitive landscape.

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The TRADE

NOVEMBER 8, 2024

Beginning his career in 1990 as an FX dealer at Bank of America in Sydney, Grady has spent almost four decades working in financial markets across the globe. After two years in his first role, Grady moved to Bankers Trust Asset Management where he spent four and a half years as an international equity dealer also based in Sydney.

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The TRADE

NOVEMBER 8, 2024

This year’s prestigious Lifetime Achievement award for the buy-side was handed to Lombard Odier’s Stephen Grady, in recognition of his contributions to the industry, both on the buy- and sell-side, having spent four decades working in financial markets across the globe.

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The TRADE

DECEMBER 23, 2024

Steve Walsh, director of product and solutions, Duco This has been one of the most consequential years for financial market regulation in a decade. Simon Gallagher, chief executive officer, Euronext London In 2025, the realities of increased competition from the US for capital and liquidity will be a wake-up call for Europe.

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