Specifically, firms are facing obstacles including fragmented data, legacy systems, and cultural inertia; currently 58% of buy-side firms are consolidating their technology platforms and vendors to adapt to AI-related advancements, according to a recent SimCorp report. 

New appointment joins from Instinet and has previously served at Societe Generale, Kepler Cheuvreux, and Scotiabank. 

MIAX will retain a 10% equity stake as part of the transaction, which is expected to facilitate the firm’s entry into prediction markets for both its institutional and retail clients.  

Initiative comes as several trading venues prepare to potentially extend trading hours; consultation group will focus on the evolving role of broker-dealers and the implications of expanded access for global investors. 

New hire has worked across the industry for more than 30 years, and also previously worked at AXA Investment Managers, Natixis Asset Management and Tradition.  

Natasha Cocksedge unpacks the key themes from The TRADE’s 24/7 equities trading webinar, which explored the different perspectives regarding the prospect of round-the-clock trading, featuring industry experts from T.Rowe Price, Glenmede Investment Management, Lazard Asset Management, Clear Street, and more.

The move will see FairXchange’s execution analytics technology integrated into CME Group’s EBS Direct platform as it looks to improve how FX liquidity is priced, accessed and evaluated. 

New appointment has worked across the fixed income industry for more than 10 years, at firms including the UK Debt Management Office, BGC Partners, LXM Group and RP Martin.  

Incoming hire joins from Millennium, and has previously served at Jefferies, Citi and UBS Investment Bank.  

Through the development of a tokenised securities platform, the New York Stock Exchange (NYSE) will also offer instant settlement, orders sized in dollar amounts, and stablecoin-based funding, pending regulatory approval.

New hire joins after a three-year tenure at AXA IM; he brings extensive multi-asset electronic trading experience to his new role.