Andrew Bailey says the UK must “resist very firmly” the EU’s attempts to force all euro-derivatives clearing into the bloc.
The firm said it expects the Amundi Technology line to become the new growth driver in the Amundi Group, with a predicted revenue of €150 million within five years.
The Indexes provide a daily value for accrued compound SONIA interest relative to the first day value of 100 on the date when the Bank of England took responsibility for SONIA.
Laurence Jones, director of post-trade strategy at CME Group’s Traiana, explains how post-trade processing remains fragmented and manual in nature, but 2021 is the year that firms should focus on optimising efficiency of payments and settlements.
The pair said that their partnership underscored the growing interest from the buy-side in Sponsored Repo services offered by State Street.
Research by Greenwich Associates estimated that the average daily e-trading volume reached a new record of $10.6 billion in January earlier this year.
LiTDX: Voting now open for the FinTech of the Year 2020 award
In a first for Leaders in Trading, the FinTech of the Year award winner will be decided by an industry-wide vote with the results announced on 19 March during LiTDX.
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TRADE Calls: Aquis Exchange – Best execution and NEX takeover
Alasdair Haynes, chief executive and founder of Aquis Exchange, joins The TRADE to discuss why he believes best execution should be at the heart of the MiFID II review, and how the acquisition of NEX Exchange will be transformational for Aquis.
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John Lowrey has left the US investment bank after over five years as global head of electronic markets to start up a consulting firm, The TRADE understands.
The Integral survey found that only 2% of firms expected to use single-dealer platforms in the next year, while 46% expected an increase in the use of multi-dealer platforms.
Systematic investment manager Aspect Capital is expanding its use of OpenGamma’s analytics as it looks to trade new markets.
Michael Kirby joins TraditionDATA as a senior member of the data sales team for the Americas after working at TP ICAP and CME NEX for over three decades.
The ESG options were traded on 9 and 11 February via the Virtu RFQ-hub and were valued at $332 million and $1.67 billion respectively.
The exchange reached a new daily volume record of 265,511 Secured Overnight Financing Rate (SOFR) contracts on 25 February.
The pan-European exchange has subsequently reshuffled the leadership of its Paris business in preparation for the completion of the deal.
The partnership between the two entities will see three futures contracts and one option list on the 29 March.
In response to Liquidnet Canada raising its fees five-fold, Virtu Financial has reduced its POSIT Alert Canada commissions, The TRADE understands.
The European exchange operator confirmed it would be acquiring the ESG data and research firm in November last year.
The exchange reached a record volume of 1.7 million contracts for ultra 10-year note futures and 1.8 million 30-year bond futures on 23 February.