Following the European Commission’s recent changes to the MiFID II regulation, Annabel Smith takes a look at the UK and Europe’s opposing approaches to dark trading and market transparency post-Brexit and the potential for a fragmented liquidity landscape.
The upgraded solution will provide Trumid with access to a broader range of market data sources, automation for axe and run management, and ION’s pricing engine.
The bank has been adding headcount under the stewardship of chief executive Rich Ricci.
Among the appointments is a new vice chairman for UK investment banking and a new head of EMEA financial institutions group (FIG) debt capital markets.
The asset manager also helped the FinTech raise $56 million in Series C funding.
New head of US financial institutions for MUFG’s debt capital markets group has previously served at BTIG, JP Morgan, Oppenheimer, Bear Stearns and The Bank of New York.
The pair say the combined offering will reduce complexity by allowing trading firms to optimise market access and coverage and improve trading stack performance.
These participants expect liquidity to be the buzz word of 2022, whether that be aggregation, new liquidity sources or the changing role of electronic liquidity providers.
The fixed income markets have undergone unparalleled automation in the last year and these participants only expect this to accelerate.
This year has brought with it a wave of technological developments while the ongoing pandemic has stressed the need for interoperability and desktop consolidation, these participants don’t see this trend going away any time soon.