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Data June 11, 2026 10:57 AM GMT

LSEG’s Hoggett warns ‘free-rider’ risk may undermine UK equities pre-trade consolidated tape

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.

LATEST NEWS

Outsourced trading June 11, 2026 9:47 AM GMT

Marex strengthens APAC outsourced trading offering with Outset Global hire

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.

People Moves June 10, 2026 1:06 PM GMT

Instinet’s Dove departs firm for new chapter

London-based Dove’s next role is currently unconfirmed; he leaves the broker after almost five years leading the firm’s liquidity offering.

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Simplifying investment accounting in an increasingly complex market

Watch this on-demand webinar from FIS exploring how investment operations teams can modernise and adapt their accounting infrastructure to process a wider range of asset classes, transactions and fund structures more efficiently.

Fixed Income June 10, 2026 9:55 AM GMT

OptimX and MarketAxess partner to enhance institutional access to bilateral liquidity

The offering – which leverages MarketAxess’ RFQ-hub platform – will allow OptimX users to initiate RFQs and engage with liquidity providers within existing workflows.

People Moves June 9, 2026 3:00 PM GMT

Piper Sandler hires from Liquidnet for electronic sales trading director

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.

HIGHLIGHTS

NBLPs knock on the door, banks still own the house

“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.

US Treasury clearing: The countdown to compliance

Watch The TRADE’s latest webinar, featuring insights from Janus Henderson Investors, DTCC, State Street and Saphyre, to explore current industry readiness for the US Treasury clearing mandate, its implications for market structure, liquidity and market access, and the operational and margin changes firms must implement ahead of the deadline.

WATCH VIDEO

Issue 87

The TRADE issue 87 Q1 2026

Issue 86

The TRADE issue 86 Q4 2025

Issue 86: SUPPLEMENT

Outsourced Trading Handbook 2025

Issue 85

The TRADE issue 85 Q3 2025

MORE NEWS

Sell-Side June 9, 2026 11:18 AM GMT

NBLPs knock on the door, banks still own the house

Buy-Side June 9, 2026 9:40 AM GMT

Janus Henderson to acquire Rantum Capital to drive European private markets offering

Deal is set to close in Q3 2026; move will bolster the expansion of the asset manager’s private credit platform across the Continent.

Buy-Side June 9, 2026 9:00 AM GMT

ICE launches AI-powered pre-trade analytics platform aimed at buy-side fixed income desks

The offering will allow institutional investors to estimate counterparty price commitment prior to indicating intent to trade; T.Rowe Price has signed on as an anchor client, The TRADE understands.

ETFs June 8, 2026 9:51 AM GMT

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.

Fixed Income June 8, 2026 9:31 AM GMT

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 June 5, 2026 12:19 PM GMT

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.

ETFs June 5, 2026 10:23 AM GMT

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.

Data June 4, 2026 10:16 AM GMT

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.

Foreign Exchange June 3, 2026 4:55 PM GMT

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.

Data June 3, 2026 2:00 PM GMT

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 June 3, 2026 12:14 PM GMT

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.