OptimX Markets names new head of institutional sales
Incoming individual joins after most recently spending almost two decades at Virtu; candidate will lead OptimX Markets’ buy-side business.
Incoming individual joins after most recently spending almost two decades at Virtu; candidate will lead OptimX Markets’ buy-side business.
Launch is part of strategic plans to expand Cboe’s MSCI tradable product suite, with the new MSCI indices available now for trading.
Merrill Lynch becomes the fourth market maker to be onboarded since July last year, as well as being the first international market maker to conduct market making activities on Saudi equities.
Named XplorTrader, the new platform offers enhanced charting functionalities, deposit and withdrawal processes, alongside improved monitoring and management of trading instruments and positions.
The past week saw appointments across portfolio trading, electronic trading sales, algorithmic trading and execution services, and credit derivatives trading.
The TRADE sits down with Nadine Chakar, global head of DTCC Digital Assets, to discuss how digital assets are impacting traditional financial markets, their influence on traditional trading practices and how market infrastructure can help bridge these two separate worlds together.
The total member count has now grown to 70, including 21 Austrian and 49 international banks and securities firms.
A new report from EFAMA estimates that roughly 40% of daily FX flows – representing between $50-70 billion - will no longer be able to settle through the CLS platform, resulting in increased risks.
The TRADE sits down with Connor May, former head of trading at Masa Capital, to discuss the current outlook for NDF algo adoption, how the market is adapting to improve trade efficiency in the space, and the state of play across LatAm markets.
Development will also provide connectivity, consolidated depth of book and order placement within FlexTRADER and FlexONE.