People Moves Monday: SIX, Optiver and Kepler Cheuvreux
New positions across the past week include an exchange head of clearing, as well as two hires to support the growth of US institutional ETF trading, and a sell-side algo trader appointment.
News
TP ICAP to enhance bond market liquidity through new credit trading and data platform
The new solution – RealQ – aligns with the firm’s objective to create a combined dealer-to-client (D2C) credit business, following the acquisition of Neptune Networks in June 2025.
Regulation
Strengthening testing and approval workflows amid algo trading recommendations from industry body
The proposals from the FIX Trading Community come as a growing proportion of firms seek greater transparency into how and why their algorithms behave under different market conditions.
Optiver enhances US institutional ETF trading desk with two new hires
The two additions span a new head of US institutional ETF sales trading and a US ETF sales trader, and are set to support Optiver’s expansion across the ecosystem.
Ediphy’s fairCT lands key institutional backing to drive tape delivery
The five investors - Barclays, Citadel Securities, Deutsche Bank, TP ICAP and UBS Investment Bank – will provide technology infrastructure and market structure expertise for the tape.
CIBC joins SGX FX as liquidity provider
The firm will initially enable OTC FX options; collaboration with SGX FX is expected to expand further in the future to enable institutional liquidity provision and execution choice across additional FX products.
Exegy builds out market data coverage to include key Middle Eastern exchanges
Exegy’s Axiom feed will now span exchanges in Saudia Arabia (TASI), Qatar (QSE), Kuwait (KSE), Abu Dhabi (ADX), and Dubai (DFM), complementing the firm’s existing Middle East and Africa regional coverage.
Equities
Cboe seeing ‘clear shift’ towards overnight trading across all asset classes
Cboe has received SEC approval to launch 23/5 US equities trading on its EDGX exchange; move to extend trading hours follows “the strong growth of Cboe’s early market US equities trading sessions,” head of North American equities tells The TRADE.
Marathon Asset Management taps SimCorp to unify its investment infrastructure
The collaboration expands the two firm’s ongoing partnership and will allow Marathon to home in on greater client service engagement and investment decisions.
Virtu receives MiCA license for regulated digital asset services across all 27 EU member states
The license – granted via Virtu’s Irish subsidiary – will allow the firm to offer a suite of regulated crypto-asset services under a single framework, including trading and liquidity provision capabilities.