The exchange group discusses with The TRADE how it has not ruled out an open access model in the future and has a target of 65% headcount growth of Euronext Clearing - formerly CC&G - between the end of 2021 and 2023.
The pair have communicated to clients that it would be in the best interest for the businesses to find a more ‘strategically and geographically aligned’ partner; TD acquired Cowen in March for $1.3 billion.
Move follows the merging of the asset manager’s legal entities in France, Belgium and London last year; Edouard Petitcollot will lead the organisation as global head of trading.
Functionality is expected to go live on Monday 5 June and comes alongside enhancements to its Auction on Demand (AoD) service.
Departing head of trading had been with Polar Capital for three and a half years and also previously served at Highbridge Capital Management, Cantor Fitzgerald and Virtu Financial.
Squires had been with Imandra for 10 months after also previously serving at Liquidnet, RBC, Citi, GSA Capital and Merrill Lynch.
As part of the opinion, venues should consider offering members an “order book purge” in the case where orders are compromised, ESMA has concluded.
Closing prices will be created for Euro-denominated nominal bonds issued by Austria, Belgium, Finland, European Union, France, Germany, Greece, Ireland, Italy, Netherlands, Portugal and Spain.
Incoming new hires join from Morgan Stanley and NYDIG; bolsters Barclays’ equities division which reportedly contributes around 45% of its wallet.
New service is available via HSBC’s execution platform Evolve, third-party platforms or directly through an API.