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ION has become registered as an independent software vendor for algorithmic trading on BSE (formerly Bombay Stock Exchange). The development will enable exchange members to use IONs Fidessa algorithmic trading functionality on BSE. In June last year, ION received approval to become an equities trading vendor on BSE.
Nasdaq and the Indonesia Stock Exchange (IDX) have expanded their technology partnership which will see the former upgrade its core trading platform to Nasdaq’s most advanced matching engine. The post Indonesia Stock Exchange taps Nasdaq to build out market infrastructure appeared first on The TRADE.
Historical Level 3 data and analytics provider BMLL has expanded its data coverage to now serve South African capitalmarkets. Among the three data bundles is BMLL’s Auction Analytics, which show any correlations between market direction and volatility in the pre-auction trading and theoretical close.
Deutsche Brse Xetra has further expanded its retail offering with a new ETF trading service. Launched in March, the new service is designed to offer automatic price improvement over Xetra reference market prices. The service applies to all Xetra trading in equities, ETFs and ETPs.
There have been 44 initial public offerings (IPOs) listed on the US stockmarkets in 2024 thus far, many of which continue to trade at a premium to their initial offering price, demonstrating the strength and buoyancy of current public markets.
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%
The Stock Exchange of Thailand (SET) has launched a new trading system, alongside market data distribution and market surveillance systems, based on Nasdaq technology. The DSE said this was to accommodate increased trading activity on its platforms and facilitate the next stage of its expansion.
The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2024. The winner will be decided by a live industry vote at The TRADE’s Leaders in Trading gala awards night on 7 November at The Savoy. Congratulations to this year’s shortlisted nominees!
The London Stock Exchange Group (LSEG) achieved a strong H1 according to results released on Thursday, with growth across capitalmarkets, data and analytics, post-trade and its index business. “We Revenue for ‘fixed income, derivatives and other’ – accounted for Tradeweb activities – rose by 26.5%
ION has been registered as an Independent Software Vendor (ISV) with BSE, formerly Bombay Stock Exchange. As part of the move, ION’s Fidessa trading platform is now certified for cash equities trading on BSE. Several top Indian brokers already use Fidessa to trade or for connectivity outside of India.
Conary’s capitalmarkets career spans four decades, with his retirement paving the way for Kezar Markets’ continued growth plans. Elsewhere in his career, Miele held trading and financial services positions at organisations such as Fidelity CapitalMarkets and the Boston Stock Exchange.
The London Stock Exchange Group (LSEG) has reported positive first half results on the back of strong growth in its data and analytics and post-trade divisions. Total income grew to £4 billion, marking an 8% increase in comparison with H1 results from 2022, largely thanks to an “outstanding” 19% growth in post-trade revenues.
The London Stock Exchange has appointed Charlie Walker as deputy chief executive officer, where he will support the daily running of the exchange and oversee the Group’s primary markets business. Walker originally joined LSEG in 2018 and has since served as head of equity and fixed income primary markets.
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.
Designed to rival the likes of incumbent exchanges Nasdaq and NYSE in the US, Texas Stock Exchange (TXSE) has raised $120 million from around a dozen investors including BlackRock and Citadel Securities in a funding round closed in May. The TRADE understands that BlackRock has taken a minority investment.
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.
The TRADE is delighted to announce the first batch of shortlists for the upcoming Leaders in Trading Awards ceremony set to take place in London this November. The trading event of the year is set to return once again at The Savoy on 7 November, bringing together our industry for a glittering evening of celebration and jubilation.
GIX submitted its Form 1 application on 9 May 2023, outlining plans to operate a fully automated electronic trading platform for the trading of listed equities – no physical trading floor is planned. Discussing the aims of GIX, Labovitz tells The TRADE that it comes down to addressing all aspects of an exchange’s offering.
Marex to acquire Cowen’s prime brokerage and outsourced trading business from TD At number ten was a story broken by The TRADE in September, news that Cowen’s prime brokerage and outsourced trading business had been acquired by Marex just six months after TD completed its purchase of the business. He will report to Blatch.
The London Stock Exchange (LSEG) has named Amazon Web Services (AWS) as its preferred cloud provider for its markets, risk intelligence and FTSE Russell divisions, building on the two companies existing relationship. The post LSEG expands AWS existing relationship with cloud collaboration appeared first on The TRADE.
Avelacom has expanded its low latency solution portfolio through enabling access to the Brazil Stock Exchange (B3), providing clients a direct market access port to B3’s matching engine. Through RCB’s connectivity method, Avelacom has gained access to all of B3’s markets, including equities, derivatives, digital assets, and OTC.
The Inflation Reduction Act imposes a 1% excise tax on certain repurchases of stock of publicly traded US corporations (“Covered Corporations”) effected after December 31, 2022 (the “Excise Tax”). [1] This post highlights key guidance from the Notice as it relates to common M&A and capitalmarket transactions.
Merlo added: “Argentina’s capitalmarket has been subject to periods of substantial increases in transaction volumes, which has put pressure on its own technological infrastructure. The post Argentinian CSD launches Nasdaq-backed technology platform to upgrade post-trade infrastructure appeared first on The TRADE.
This week the Aquis Stock Exchange has become the first recognised investment exchange (RIE) to run a cloud-based matching engine, having achieved a full migration. All Aquis Stock Exchange trades are now being matched and executed successfully while running on Amazon Web Services (AWS) as of 27 November.
What has your journey to the trading desk been like? I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. I oversee the capitalmarkets function and I assist in origination.
The rupee traded almost flat at 81.95 against the US currency in the opening trade on Monday amid gains in local stocks and losses in the dollar against major rivals in global markets. against the dollar at the interbank foreign exchange market. The currency moved in a narrow range before trading at 81.95
“This strategic move focuses on shortening the settlement period at the Qatar Stock Exchange (QSE) from T+3, three working days after the date of the sale or purchase, to T+2, a two working day period from the date of the sale or purchase,” said Edaa in a statement. “Thus leading to a qualitative leap in the speed of trading at QSE.
Discussions around the want or need to expand trading hours for equities have been ongoing for several years, with varying levels of acceptance and subsequent action being taken across the globe. Discussions about extending US equity markettrading hours have resurfaced, especially following the implementation of T+1 settlement [last year].
(“Cognos”) today announced the engagement of Chardan, a leading global investment bank, in the role of capitalmarkets advisor to Nocturne in the highly anticipated business combination transaction (the “Business Combination”) with Cognos.
Race for Europe’s first ‘real-time’ stocktrade tape heats up By Huw Jones LONDON (Reuters) – Banks and asset managers are vying with Europe’s exchanges to develop technology that can deepen the pool of investors in the continent’s capitalmarkets and better compete with Wall Street.
BMLL has moved to expand its regional Asia-Pacific offering with the launch of India equities trading data, The TRADE can reveal. India data, BMLL chief executive Paul Humphrey tells The TRADE, is in particular demand from US clients thanks to demand for trading in the region. They like trading there.”
The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) jointly proposed to introduce block trading through the China-Hong Kong Stock Connect scheme in a bid to create a mutual market access programme between the two jurisdictions.
Blue Ocean Technologies (BOT) and the Tokyo Stock Exchange (TSE) have formed a strategic partnership expanding the customer base of BOT’s trading platform, ATS, and the TSE. TSE stated that it intends to offer cross-border trading opportunities of Japanese equities to Blue Ocean ATS’ client base.
We look forward to supporting our clients to participate in the Korean FX market both onshore and offshore.” ” Over more than 20 years, State Street has had a local presence in the country, with its Korean entity supporting global clients with trading Korean Won onshore.
The London Stock Exchange (LSEG) appointed Charlie Walker as deputy chief executive officer, where he will support the daily running of the exchange and oversee the Group’s primary markets business. Walker originally joined LSEG in 2018 and has since served as head of equity and fixed income primary markets.
Cboe has expanded the trading period for in its high yield and investment grade corporate bond futures to nearly 24-hours per weekday to help investors manage their credit portfolios. Both new IBYO and IBGO options will be physically settled and will trade electronically on CFE during regular trading hours.
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.
Still, many associations believe it is too soon to take stock and that there isn’t enough data and evidence to support increased penalties, while the drawbacks are many. ICMA commented that progressive penalties introduces unnecessary stress to a market that is most likely already facing liquidity challenges.
The additional minimum pricing increment or ‘tick size’ will apply to the quoting of certain NMS stocks, while the reduction in access fee caps will be linked to protected quotations of trading centres. They are pro-capital formation.” The SEC added that for protected quotations in NMS stocks priced less than $1.00
Hong Kong Exchanges and Clearing (HKEX) has launched its new Hong Kong Dollar (HKD)-Renminbi (RMB) dual counter model and a dual counter market making programme in its securities market – in a bid to expand trading of RMB-denominated Chinese stocks.
Prior to closing the Merger, Akerna anticipates completing a reverse stock split of its common stock at a ratio of one share for twenty shares. and under the symbol “GRYP”.
million in 2023, as investors shunned mid and small-cap stocks. Following this, Winterflood cut twenty positions across its London office, including six traders, as revealed by The TRADE. The post Marex hires in ex-Winterflood Securities equities trader appeared first on The TRADE.
Read more: Saudi Exchange makes push into algo and high frequency trading In a social media post Noelle Al-Jaweini, acting chief of derivatives, congratulated Yazaid H. Previously, Al Jaweini served as chief of cash markets at the exchange and before that head of markets development.
Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG), The TRADE can reveal. The change marks a move away from the buy-side for Worrell who has an extensive equity trading career.
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