THOUGHT LEADERSHIP

Euronext reflects on a successful year: Innovation across the derivatives landscape

Euronext picked up the award for Outstanding European Derivatives Venue at The TRADE’s Leaders in Trading Awards in November 2025, recognising its significant innovation and success in the category over the past year. Charlotte Alliot, head of financial derivatives, EQD and FI, highlights the key developments over the year that led to the win.

JP Morgan on FX algos, Adaptive 3.0, and the next phase of execution innovation

As clients demand greater control, customisation and transparency, JP Morgan is building the next generation of FX algos to optimise execution in real time. The TRADE spoke with Ben Weinberg, head of eCEM sales North America, and Reza Gholizadeh, vice president macro automated trading strategies, who explain how JP Morgan is advancing algorithmic FX execution through Adaptive 3.0, deeper analytics, and real-time innovation.

Operational excellence: Northern Trust’s investments into post-trade pay off through Outsourced Trading recognition

Northern Trust picked up the award for Best Post-Trade and Operations in Outsourced Trading at Leaders in Trading New York, a fiercely competitive category, but one the provider prevailed in due to its commitment to operational excellence. Stephanie Farrell, head of Integrated Trading Solutions, Americas, Northern Trust, details the work which went in behind the scenes which led to the prestigious win.

Partnering with the buy-side, the key to driving innovation across European equities and ETFs

The TRADE sits down with Richard Worrell, co-head, equities trading at the London Stock Exchange, and Jason Warr, global head of ETF markets at BlackRock, to explore how buy-side and exchange collaboration is helping to address market fragmentation, improve liquidity access, and foster transparent, resilient innovation across Europe’s equities and ETF landscape.

Empowering clients to navigate pivotal moments and instil the highest standards in their journey with their business partners

Alexandra Chauvel, co-head of coverage, marketing and solutions at Societe Generale Securities Services, unpacks the firm’s new and improved approach to identifying and optimising “pivotal moments” to create enduring client relationships whilst encouraging trust and satisfaction.

Cboe Europe’s EBBO retail service: A pan-European solution for enhancing retail executions

As Europe’s largest stock exchange by value traded, Cboe Europe is leveraging its pan-European coverage, extensive market relationships, and commitment to innovation to deliver better execution outcomes for retail investors. The TRADE spoke with Alex Dalley, Cboe’s head of European cash equities, to explore the firm’s EBBO retail service, its points of differentiation and the regulatory tailwinds behind the initiative.