Following a last-minute decision from Brussels in March to plug an accidental regulatory loophole, Annabel Smith explores what might’ve happened if the European market was left with no caps on dark trading and whether the events signal a wider issue in the European regulatory machine.
Development will help global market participants improve risk management processes across OTC and futures.
The agreement expands the existing relationship between the two firms, which includes execution for cash equity services.
The growth of European single stocks derivatives (SSDs) created a large and diverse range of products for equity market exposure. However, this growth came with complexity, often adding costs to trading. As the key hub for the European market, Eurex has undertaken constant upgrades to ensure cost-efficiencies for traders. The newest feature is enabling the home market settlement.
Incoming individual has previously worked in multi asset trading and prime services roles at Societe Generale Corporate and Investment Banking and Banque Havilland.
The past week saw appointments across rates trading, equity capital markets, electronic execution services, equities sales and more.
JP Morgan Chase expects $100 million civil penalty linked to trading data completeness
Latest development follows news from March which saw the firm face $350 million worth of fines and civil money penalties for inadequacies in its firm and client trade reporting program between 2014 and 2023.
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Tradeweb on new trends in the equities landscape
The TRADE catches up with Adam Gould, global head of equities at Tradeweb, to discuss key trends in the equities space, how fixed income ETFs are coping in volatile environments, alongside exploring tools that have resonated well with clients.
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Currently, more than 35 dealers and 90 asset managers operate on LTX’s AI-powered corporate bond trading platform.
The TRADE sits down with Sally Bartunek, trader at Ninety One, to discuss the key talking points on the firm’s trading desk, the expected implications of the shift to T+1 later this month, and the current liquidity landscape and ways to navigate it.
The incoming traders join the bank from JP Morgan, BNP Paribas, Morgan Stanley and Deutsche Bank according to an internal memo seen by The TRADE.
The Greenwich-based fintech has an established presence in Mexico, having previously introduced an alternative trading system helping participants trade Mexican government fixed income securities electronically.
Individual spent two decades at Credit Suisse, most recently serving as EMEA head of program and electronic trading.
New development will offer participants improved access to data and analytics, helping them to achieve scalability, time to market and remote access.
New appointment brings over two decades experience, having held positions at JP Morgan, BlackRock, EquiLend and Sunrise’s Matchbox.
Trading will be provided to New Silk Road via Northern Trust’s Integrated Trading Solutions (ITS) “to help navigate cross-border trading challenges amidst a changing market structure in North America”.
More than half of asset managers also confirmed that recent updates to Mifid II unbundling rules remove operational barriers to charging clients for research, says Substantive Research.
The past week saw appointments across emerging markets, foreign exchange, equities and distribution.
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