The deal will create a single end-to-end multi-asset trading platform, and follows increasing industry demand for coverage of “all asset classes under one roof,” TRAFiX chief executive tells The TRADE.
The initiative includes investments from PEAK6 Investments and Robinhood Markets and will also leverage technology from Nasdaq and Apex Fintech Solutions.
Winners across the five categories, as well as the North American Rising Stars of Trading and Execution, will be announced at Leaders in Trading New York on 19 November.
Coinbase Clearing will support USDC collateral and 24/7 settlement, and completes the firm’s CFTC-regulated derivatives infrastructure, which also includes a futures commission merchant (FCM) and derivatives exchange.
The offering will allow trading desks to hedge risk and express views on the market, without having to leave the workflow leveraged for spot and futures trading.
The ruling specifically allows states such as Ohio and Tennessee to apply their respective gambling laws to the prediction market’s sports event contracts and comes after Kalshi began offering these contracts on its exchange in early 2025.
London-based hire will focus on direct market access and low-latency trading in his new position, The TRADE understands.
The advancements include data, machine learning and pricing enhancements, and will also reduce the need for manual intervention in these markets.
The transaction integrates bccg’s ONE Platform into FactSet’s Real-Time Solution suite, and will help shape “how enterprise data solutions get built over the next decade,” FactSet global head of market data and trading tells The TRADE.
London-based hire also previously spent more than a year at Bloomberg, where she worked across equities, financial products, analytics and sales.