Acquisition will allow the Neovest OEMS to offer hedge fund clients integrated execution, order, and portfolio management services through a unified platform.
The move has come as Fulcrum’s trading desk looked to leverage more derivatives strategies and its execution needs evolved.
Regulator Sebi outlines plan to move to instantaneous settlement by March 2025 on an optional basis using a parallel system to the current T+1 structure.
The exchange operator plans to use its infrastructure to further grow Canada as a hub for global equities trading.
Financial institutions will be able to connect to aggregated reference and market data sources without adding additional pressure on IT infrastructure.
Incoming head will help ION innovate in complex equities trading space.
The Canadian securities exchange alongside Cboe’s recently acquired alternative trading system, MATCHNow, will greatly expand its equities offering in the region.
Incoming CEO brings 17 years’ experience in the financial services industry to order and execution management platform as the firm looks to further grow.
Neovest operated its OEMS as a broker-dealer despite withdrawing its registration after its acquisition by JP Morgan completed.