Through the move, the broader Industrial and Commercial Bank of China (ICBC) Group will have full access to LCH SwapClear’s multi-currency clearing capabilities as it looks to bolster its presence in the international derivatives market.
Last week was one for the books, with hires and departures across FX, fixed income, equities, and ETFs, as well as internal moves at The TRADE.
The firm has also named a new head of structured inflation and cross-currency basis trading as part of its push to bolster its European flow rates trading team.
The FCA has confirmed that the challenge to its appointment of Etrading Software as the UK’s consolidated tape provider is set to delay the implementation process.
The ideal strategy is one focused on allowing expert knowledge to scale across multiple asset classes, without diluting core competencies, argued Schroders’ Gordon Noonan, speaking at the TradetechFX conference in Barcelona on Wednesday.
The US Securities Exchange Commission (SEC) approval of 23/5 weekday trading of US equities was granted to 24X in November 2024.
Through the move, the group has integrated execution, content, and analytics in a bid to promote “smarter trading”.
Individual left UBS earlier this year following the unexpected decision to shutter its outsourced business in March 2025, as revealed by The TRADE at the time.
Last week, the market saw a swathe of moves, including appointments across high touch trading, fixed income, and equities.
The rebrand is intended to “more precisely embody the current iteration of the firm’s management policy and set the stage for further global growth,” said the firm.