As the US and Europe continue to take opposing approaches to extending trading hours, Wesley Bray explores what’s encouraging division of thought, arguable benefits and the potential long-term market impact.
The statement comes ahead of the move to T+1 settlement and follows widespread discussion around European 24-hour trading after Cboe, Nasdaq and other venues announced plans to extend US equities hours.
Outsourced trading desks may look similar on the surface, but the wiring underneath tells a different story. For buy-side firms, understanding how a desk is built - and who it’s built for - is key to making the right choice. Here’s what to look for.
The offering will allow clients to access currency-related insights and market news; follows the firm’s launch of LINK in February 2025 as part of a rebranding effort.
Individual joins from UBS; has also previously served at Citibank and Lehman Brothers.
Nasdaq to launch 24-hour trading for US equities
The exchange aligns with Cboe Global Markets and the New York Stock Exchange, who have also announced plans to extend trading hours for US equities on their respective platforms.
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Pragmatic innovation to navigate market challenges: SIX’s outlook for 2025
Simon McQuoid-Mason, head of equity product and quant research at exchanges, SIX, shares insights on the start of the year, key challenges facing the industry and how SIX is tackling liquidity fragmentation to support trading participants with services like SwissAtMid and SpainAtMid, Auction Volume Discovery (AVD) or Quote on Demand (QOD).
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The exemption, approved by the Committee of Permanent Representatives, comes as part of the Council’s broader agreement on a negotiating mandate aimed at accelerating settlement timelines across the EU.
The service forms part of the exchange’s Post Trade Solutions, and is part of the drive to expand LSEG’s post-trade capabilities.
Move follows his exit from UBS in February; firm has since shuttered its outsourced trading offering.
The move expands IBVAL’s coverage by approximately 6,000 bonds and will see pricing coverage increase to 22 hours a day, five days a week for the most actively traded securities.
The move marks a step forward in the platform’s push to drive institutional crypto spot trading and adapt to evolving market needs.
The new SOR uses BMLL Level 3 data and aims to assist clients in achieving execution and liquidity capture.
The past week saw appointments across electronic execution, cash equities, chief executive positions and trading strategy.
The new offering has been designed to assist operations teams in enhancing solutions across fails research, inventory optimisation and email integration automation.
Incoming individual brings more than 20 years of fixed income trading experience, and has previously worked at TS Imagine, Agilon Capital and BlackRock.
Individual has been internally promoted following 14 years with the firm, and previously held positions at Caxton Associates, Tudor Investment Corporation and AllianceBernstein.
Individual has previously held CEO positions at the Options and Clearing Corporation (OCC) and CME Group.
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