The proposals specifically focus on rules 611 and 610 (e), which span the ‘trade-through rule’ and ‘locked’ and ‘crossed’ market restrictions, and aim to better align regulation with modernising US equity markets.
HSBC, BNP Paribas, Citadel Securities, CME Ventures and Broadridge among investors backing latest round as focus shifts to regulated blockchain market infrastructure.
Development establishes a regulated channel between Swiss and Dubai financial centres, and bolsters Dubai’s regional and global positioning in capital markets.
In response to LSEG’s proposals, industry bodies such as AFME have reaffirmed their belief that including both pre- and post-trade data in the tape from launch is key to success, while many on the buy-side continue to argue that SI flow is essential for tape transparency.
New appointment brings more than 20 years of institutional trading experience to the role and will support Marex in navigating growing demand for outsourced trading in Asia and also across global markets.
London-based Dove’s next role is currently unconfirmed; he leaves the broker after almost five years leading the firm’s liquidity offering.
The offering – which leverages MarketAxess’ RFQ-hub platform – will allow OptimX users to initiate RFQs and engage with liquidity providers within existing workflows.
Individual brings more than 20 years of electronic trading experience to the new role, having also previously worked at RBC Capital Markets and Merrill Lynch.
“Large investment banks still have a stronghold on a range of products, including bespoke and structured solutions, where NBLPs do not currently compete and barriers to entry remain high,” Coalition Greenwich tells The TRADE.
Deal is set to close in Q3 2026; move will bolster the expansion of the asset manager’s private credit platform across the Continent.