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.
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.
John Courtney, Product Development Engineer, and Micheal McGuirk, Senior Manager, Product Development Engineering at AMD, delve into the evolution of ultra-low latency solutions for high-frequency trading (HFT) in recent years, how the landscape can further develop through open APIs and interoperability, and the competitive edge that Field Programmable Gate Array (FPGA) accelerators can provide.
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.
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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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.
The platform will combine derivatives product creation and offer real-time settlement of all derivative positions 24/7 with a sub-1-minute settlement.
Move follows the departure of Satvinder Singh in February, who had served as Group head of data and analytics for 18 months.
Sustainability-focused exchange expects to begin trading in early 2026.
The new options come amid increased interest in options due to US equity market exposure and volatility; Belvedere Trading will be the lead market maker.
The move will expand StoneX’s client base and provide greater access to liquidity across fixed income markets, said the firm.
Deal is expected to close in H2 2025; current co-CEOs Guy Rowcliffe and John Stewart will remain at OSTTRA and continue to lead the company.
The past week saw appointments and role changes across trading venues, the buy-side, and regulators.
Individual brings 15 years of experience in previous portfolio management and trading roles.
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