Continued increase spurred by global exchanges becoming major holders of core capital markets technology and data assets over the last four years, according to the latest TP ICAP report. 

The provider has said that the trades reveal an industry appetite for integrated broker-aligned workflows, with further expansion across key institutional counterparties expected.  

The offering marks an agreement between Bloomberg Index Services Limited and CME Group and is expected to provide access to reliable and transparent FX fixings.  

Individual brings more than two decades of industry experience, and has held senior positions at Bank of America, Morgan Stanley and Goldman Sachs.  

Individual joins from TP ICAP and previously spent almost 15 years at BBVA in various roles.  

The new offering makes use of Blue Ocean Technologies and OTC Markets Group’s alternative trading systems to provide access to US-listed securities and OTC equity trading.  

The offering is integrated with the bank’s existing platforms and will allow institutional clients to access and trade cryptoassets through recognisable interfaces.  

In March, UBS made a shock exit from outsourced trading game, serving its clients a three-month notice, as revealed by The TRADE at the time.

The investment deepens the firms’ existing partnership and will see SIGMA AI’s chief executive expanding his current role to also become TT’s head of AI and innovation. 

The offering will span South African and Pan-European equity markets and will see both banks acting as each other’s preferred execution partner for their respective equities markets. 

When it comes to the selection of cloud service providers, LSEG found that 92% of respondents believe operational resilience to be the primary motivator behind selection.