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The Association for FinancialMarkets in Europe (AFME) has appointed April Day head of capitalmarkets. As part of the role, she oversaw equity capitalmarkets (ECM), trading and post-trade activities. We are delighted to appoint April as our new head of capitalmarkets.
As ESMA’s review of European Union’s post-trade transparency regime enters its final stage, European trade associations have stressed the importance of credit ratings in underpinning the success of the EU post-trade transparency framework for corporate bonds.
The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2024. Industry Person of the Year 2024 shortlist: James Baugh, managing director, head of European market structure, TD Cowen James Baugh is an industry stalwart, having worked in the financialmarkets for over 25 years.
The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2023, with considerable improvement across data and analytics, capitalmarkets, and in particular, post-trade. year-on-year increase, while capitalmarkets saw a 6.1% In capitalmarkets, the 6.1%
In the constantly evolving financialmarkets 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.
Named Smart Markets, the new service will transform Euroclear’s data into interpretable insights to detect market movements, enhance trading models and build informed strategies. Smart Markets brings together raw data from market sources including Euroclear, which is then enriched, normalised and analysed automatically.
Terry Duffy The plan is to build a new private Google Cloud region to support CME Group’s global trading, offering derivatives traders access to “cloud-based, ultra-low-latency networking and high-performance computing”. Recent times have seen a swathe of investments from major cloud providers into leading exchanges.
But what does the persistent evolution of AI mean for capitalmarkets specifically? The world of trading, and investment generally, is littered with the remnants of now-redundant solutions once thought to be the ‘future’ of the industry.
ESMA did, however, highlight that the reduction of time available for post-trade processes would be even more acute if the EU was to move to T+0. If a decision to move to T+1 is made, it will be necessary to define an appropriate timetable that generates industry momentum and provides clarity to market participants.”
Digital Asset’s blockchain network Canton has completed a pilot involving a large group of major investment banks and asset managers demonstrating interoperability of independent distributed ledger applications (dApps) in the capitalmarkets domain.
LSEG clients will be able to continue using historical, quantitative FTSE Russell indices through AWS, which is expected to address challenges of time-to-insight and operational costs by allowing for deep access to market trends and patterns. The move allowed Murexs MX.3 The move allowed Murexs MX.3
Former Northern Trust sales trader Maddy Davies has joined Liontrust as a trader in its multi asset trading team, The TRADE can reveal. Liontrust recently won The TRADE’s multi asset trading desk of the year award in 2022 at Leaders in Trading. Davies joins Liontrust following a two-year stint at Northern Trust.
EU asset managers, banks and brokers are urging policy markets not to succumb to pressure that could potentially lead to suboptimal outcomes in the Markets in Financial Instruments Directive (Mifid/r) review.
Among those to have responded have been the International CapitalMarket Association (ICMA), International Securities Lending Association (ISLA) and the Association of Global Custodians (AGC). ICMA commented that progressive penalties introduces unnecessary stress to a market that is most likely already facing liquidity challenges.
Following last week’s agreement, a real-time EU-level consolidated tape for a range of assets traded in the EU will be established, including key information such as the price of instruments and the volume and time of transactions. Data from all trading platforms will be included in the consolidated tape. told The TRADE.
The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) are working together to operate a new Digital Securities Sandbox (DSS) – a regime that will allow firms to use developing technology in the issuance, trading and settlement of securities. The DSS is expected to open applications in the summer of 2024.
Liquidnet brings knowledge and experience in capitalmarkets to the Partnership and will play a crucial role in shaping and informing Plato’s initiatives within capitalmarkets, the organisation said. The post Plato Partnership admits Liquidnet as strategic partner appeared first on The TRADE.
Innovation is inevitable as market participants continually seek to enhance their operations across the board, and stock exchanges and trading venues are perhaps some of the most prominent advocates of embracing emerging technological advancements.
The Panel is an independent statutory body, set up to provide advice and challenge from the point of view of financialmarket participants, and in order to provide input to the FCA to help it in meeting its strategic and operational objectives,” Aquis Exchange said in a statement on social media. Congratulations Alasdair!”
Speaking to The TRADE, Adrian Ip, managing director at Aquis Technologies, said: “We are pleased to be the first regulated exchange in a major jurisdiction to adopt pure cloud for the matching engine, but we fully expect to see other exchanges follow suit.
With ETFs increasingly becoming more popular in Europe, panellists at TradeTech highlighted fragmentation and regulation as two key pain points that need to be addressed going forward in order to boost growth in the trading segment. Investors have different demands – what they want, how they want to trade and settle.
The move is in collaboration with e-trading solutions provider IPC. Some significant events so far this year has seen major trading disruption events and led to calls from all corners of the capitalmarkets sphere for stronger infrastructure. JSE has enhanced its Teraco data centre, bolstering its Colo 2.0
In addition, ESMA is set to assess the effectiveness of a CT for shares by 30 June 2026, which includes consideration of the potential to add additional features to the equity pre-trade tape. 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.
The watchdog’s focus will be on a single consolidated tape provider per asset class, which could help ensure that associated data costs remain low alongside addressing the existing fragmentation of post-trade transparency data. The UK tape’s revenue and sharing model and its inclusion of pre- and post-trade data have not yet been confirmed.
David Tamburelli, global head of content acquisition at Bloomberg, highlighted how important BSE is within Chinese financialmarkets and praised the progress it has facilitated through increased transparency of operations and contributing to the increase in the number of listed companies and supporting data.
The London Stock Exchange Group (LSEG) and capitalmarketstrading and risk solutions provider Murex have expanded their connectivity to enhance real time data services for their clients. The post LSEG and Murex expand connectivity via AWS to improve real time cloud data services appeared first on The TRADE.
What impact has digital assets had on traditional financialmarkets? If we were having this conversation just three months ago, I’d tell you that the digital and traditional markets are operating in entirely different universes. Tokenisation can bring many benefits to nearly every corner of the financialmarkets.
The watchdog revealed that its initial focus will be on a single consolidated tape provider (CTP) for each asset class, to help ensure that associated data costs stay low while also addressing the existing fragmentation of post-trade transparency data. A CT for bonds will be the initial focus, with an equities tape following at a later stage.
What is the future outlook for AI use across capitalmarkets? This year the market will see more generative AI use-cases go from pilots to production. Throughout 2023, we saw generative AI experimentation across the capitalmarkets ecosystem. How is the industry adjusting to the increasing prevalence of the cloud?
Thursday’s agreement will see the establishment of a real-time EU-level consolidated tape for “different kinds of assets” traded in the EU. Data from “all trading platforms” will be included in consolidated tapes. Key information such as the price of instruments and the volume and time of transactions will be included.
The firm’s most recent report refers to previous research in its ‘data automation: the workflow efficiency game-changer’ studywhich found that less than one third of those surveyed believed that capitalmarkets professionals are prepared for the T+1 go-live date. Reducing counterparty risk for swaps contracts is a no-brainer.
Euronext Clearing is now the pan-European clearing house for Euronext cash markets and with the move is set to foster a unified European financialmarket and ecosystem. Elsewhere, Euronext has confirmed that is it continuing to work toward the migration of Italian derivatives trading to Optiq next quarter.
The two leading US capitalmarkets watchdogs have come down on almost a dozen organisations over recordkeeping failures with their combined penalties totalling nearly $550 million. financialmarkets. financialmarkets are on notice—The era of evasive communications practices is over.
Imandra has today launched the firm’s first artificial intelligence (AI) assistant for its FIX Connectivity suite used by banks and trading firms. The post Imandra launches new AI assistant for FIX Connectivity suite appeared first on The TRADE.
Despite a huge amount of focus on the US move to T+1 and Europe potentially following suit, the broader notion of tackling settlement inefficiency remains a top priority for all post-trade participants, experts have opined.
Definition of the Money Market The money market is a subsection of the financialmarket where participants engage in the buying and selling of short-term debt securities. requires temporary funding to meet operational expenses, they might issue commercial paper in the money market to raise the necessary funds.
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 FinancialMarkets in Europe (AFME) has said. As well as focusing on the US T+1 impact on European markets, subgroups are also reviewing whether the EU could and should move to T+1.
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.
Over the past two decades, several critical financialmarket 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.
Following almost ten years at ING bank, market structure expert Stephane Malrait joined Etrading Software as chair of its industry stakeholder group (ISG) on the consolidated tape (CT), as revealed by The TRADE. RBC CapitalMarkets promoted Adam Ragol-Levy to head of European and Asian product, multi-asset agency solutions.
The recently-published EU competitiveness report, penned by former prime minister of Italy Mario Draghi, is the latest in a long line of research projects that has shone a spotlight on the EU capitalmarkets, reaching a similar conclusion to those gone before it: things need to change. Sounds great, right?
The TRADE is delighted to announce the winners of this year’s Leaders in Trading awards, with the recipients honoured at a ceremony held last night at The Savoy, London. Keeping it within the family, M&G Investments also took home the award for Trading Desk of the Year.
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