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.
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.
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.
Pramod Nayak, director of product management, London Stock Exchange Group, examines how low latency strategies are being redefined by data scale, cloud delivery, and advanced capture technologies - highlighting why speed alone is no longer enough to compete in increasingly complex, data-driven global markets today.
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.
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.
Columbia Threadneedle Investments’ Michael Roberts: ‘Be your own brand’
In an ever-evolving industry, Michael Roberts, head of North America FICC trading at Columbia Threadneedle Investments, has continued to secure success in his space. Following his Trader of the Year 2025 win, he catches up with Claudia Preece to unpack his journey to the desk, the importance of embedded collaboration across the trading team, and the role luck can play when you position yourself for it.
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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.
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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.
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.
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.
The collaboration expands the two firm’s ongoing partnership and will allow Marathon to home in on greater client service engagement and investment decisions.
The license – granted via Virtu’s Irish subsidiary – will allow the firm to offer a suite of regulated crypto-asset services under a single framework, including trading and liquidity provision capabilities.
Appointment comes as the firm continues its path toward its “future pan-European, interoperable and multi-asset CCP”.
Following the completion of the transaction, Corient's offering now spans more than 300 partners and an excess of $500 billion for its client base.
Currently Brazil’s single official stock exchange is B3; the partnership aims to “provide more choice for investors seeking to trade Brazilian assets”, MEMX head of market technology tells The TRADE.
BTIG will continue to operate as a separate broker-dealer within U.S. Bancorp; deal includes BTIG’s institutional equity sales and trading, equity capital markets, equity electronic trading, and M&A advisory.
Taskforce to use rolling three-month CREST settlement averages to establish post-implementation benchmark from October 2027.
The new capability aims to address growing market demand for new ways to interact with auction liquidity, spanning the opening, intraday and closing auctions.
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