New consultation paper explores how effective US Reg NMS rule is while also re-tabling VWAP Crossing in Europe, reviewing dark trading levels in Europe, the prospect of 24-hour trading and more.
Launch is scheduled for H2 2025, and the offering is expected to provide increased control over block orders.
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 collaboration is aimed at giving clients access to multiple overnight trading venues and enhance price discovery and liquidity.
Move will see individuals stepping into new roles, in a push to drive TD’s European equities and special situations market.
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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Trading will start in September 2025 and is expected to strengthen liquidity in the EU bonds market.
Incoming individual has also worked at Titan Institutional Services and HSBC.
Individual brings more than 25 years of experience at Goldman Sachs, acting as partner for 14 years.
The deal is valued at an all-cash price of $1.8 billion and will see the Japanese firm expanding its global capabilities across equities, fixed income and multi-asset strategies.
The deal is expected to provide the first cloud-native front-to-back platform for the investment management industry.
The approval builds on Hidden Road’s recent expansion of its fixed income prime brokerage platform and follows the firm’s acquisition by Ripple announced earlier this month.
Bloomberg 500 Index’s availability will pave the way for the listing of futures and options on MIAX exchanges in H2 2025.
Specifically, the move entails a complete infrastructure migration.
Launch is set to be completed by Q2 2026 and is expected to tackle risk management challenges faced in the options markets.
Despite the positive participation, study reveals a limited amount of planned activity in 2025.
The functionality aims to reduce dependency on transactions via voice and chat messaging and allow clients to transmit electronic MBS requests anonymously.
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