BIDS Trading hires ex-LedgerEdge product expert as new senior director
Incoming individual previously served as head of product at LedgerEdge, prior to the trading platform’s closure due to an ‘extremely challenging funding environment’.
Incoming individual previously served as head of product at LedgerEdge, prior to the trading platform’s closure due to an ‘extremely challenging funding environment’.
New solution aims to address the specific needs of quantitative analysis and backtesting, alongside reducing challenges associated with obtainng data from various providers.
Incoming individual previously held fixed income-related roles at MUFG and BNP Paribas.
Clearing services will be provided for cash-settled Bitcoin derivatives traded on GFO-X through LCH DigitalAssetClear.
The past week saw appointments across fixed income, outsourced trading and low touch execution services.
Named TransACT, the new service claims to simplify the process and time to market for banks looking to develop automated trading solutions for customers.
Marex confirmed Siegel’s replacement earlier this week, selecting former head of emerging markets and outsourcing at Aurel BGC, John Orrock, to take up the reins.
The investment advisor has acknowledged that its conduct violated the federal securities laws and agreed to implement improvements to its compliance policies and procedures.
Bank of America and State Street are set to support the service from its launch, anticipated in Q3 2024, adding to the likes of BNY Mellon, Citi and JP Morgan who are already behind the initiative.
The new regime is expected to last five years and is aimed at helping regulators design a better-informed, permanent technology regime for the digital securities market.