LATEST NEWS
Exegy to connect all three after-hours ATSs through overnight consolidated feed
The offering is the first of its kind and will connect Blue Ocean, Bruce Markets and OTC Markets’ MOON ATSs; move aligns with a growing shift towards 24/5 trading in US equities markets.
ICE Clear Credit receives SEC approval to clear US Treasuries
Approval comes as the SEC’s Treasury clearing mandate accelerates, opening the market to new clearing venues ahead of phased compliance deadlines.
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.
Kepler Cheuvreux ‘exploring’ creation of asset management JV with Cambiar Investors
The firms have entered into a research cooperation agreement – effective immediately – set to deepen research collaboration across international markets.
Cantor Fitzgerald taps JonesTrading for fixed income trader
New York-based hire also previously spent 15 years at Bank of America.
HIGHLIGHTS
Europe increasingly becoming a patchwork of auctions and off-exchange trading, finds report
The impact of the shift to the single volume cap (SVC) in October 2025 has reduced dark trading, with the number of instruments suspended at the EU level under the SVC declining by 39% from October to December 2025, according to recent AFME findings.
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The TRADE caught up with Hariharan Srinivasan, director, data engineering, analytics and insights, Franklin Templeton, to unpack the key factors which are front of mind for the buy-side when it comes to LLMs, as well as how the technology is continuing to make a real difference to processes and creating significant efficiencies.
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Outsourced Trading Handbook 2025
The TRADE issue 85 Q3 2025
The TRADE issue 84 Q2 2025
MORE NEWS
Japan’s Osaka Exchange adopts Nasdaq market surveillance and trading technology platforms
The integration is expected to bolster the global competitiveness of Japan’s derivatives markets and marks an expansion of Nasdaq’s current technology offering across Japanese financial markets.
Etrading Software announces pricing and draft user contract for UK bond consolidated tape
Smaller firms with annual revenue below £50 million will not be charged for tape data, to “support the government’s objective to create a strong and diverse UK-based fintech ecosystem,” Etrading Software chief executive tells The TRADE.
Rothschild & Co Redburn sales trader joins Panmure Liberum
The new hire joins the UK investment bank after a two-year stint at Rothschild & Co Redburn.
JP Morgan EMEA rates options trading head joins ING in newly created role
The bank has made a senior appointment to lead its FM rates and nonlinear trading platform as it looks to build on its global capabilities across markets, technology and quantitative functions.
People Moves Monday: BNY, Cboe and Tourmaline
This past week saw several significant moves across the sell-side, outsourced trading, and trading venues.
State Street names new head of markets UK
Appointment follows a return to the firm after a spell at BestX, where the executive led strategy and growth across the business.
Europe increasingly becoming a patchwork of auctions and off-exchange trading, finds report
The impact of the shift to the single volume cap (SVC) in October 2025 has reduced dark trading, with the number of instruments suspended at the EU level under the SVC declining by 39% from October to December 2025, according to recent AFME findings.
Market volatility fuelling opportunities for on-exchange and closing auction trading, experts concur
While market volatility can present opportunities to the equities industry, panellists at the Equities Leaders Summit in Miami indicated that market participants should err on the side of caution when it comes to liquidity access methods such as private rooms during these times.
Tradeweb unveils multi-asset package trading for USD swaps
As part of the launch, Barclays has completed the first fully electronic multi-asset package trade for the instruments on Tradeweb’s swap execution facility (TW SEF).
Marex launches multi-asset derivatives execution desk
Offering combines both high and low touch trading across futures and options, rates and equities.
Tourmaline appoints new director of trading amid Middle East expansion
The new hire – previously named one of The TRADE’s Rising Stars of Trading and Execution – will focus on enhancing the firm’s regional presence, The TRADE understands.
