News

Upon completion of the deal – slated for Q4 2026 – the new entity will be one of largest active asset management firms globally, with almost $2.5 trillion of assets under management.

The new hires all join from Tourmaline Partners, and are set to support the firm’s US expansion and overall growth.  

The firm’s dedicated non-profit organisation, Transparent Markets Europe (TME), has announced its founding members alongside the submission, including: SIX Group, S&P Global, the German Investment Funds Association (BVI), and the Derivatives Service Bureau (DSB), among others.  

The new platform – which marks an industry first – is expected to support market participants in addressing challenges of liquidity fragmentation when trading these products.  

Citadel and Wells Fargo completed the inaugural transaction on Tradeweb’s swap execution facility (TW SEF), with post-trade processing delivered through OSTTRA’s MarkitWire platform.  

The integration makes use of proprietary generative AI capabilities and is expected to enhance FactSet’s European equity coverage and research footprint across the continent.

As the buy-side digs further into the mechanics of liquidity provision, conversations around what make for ‘good liquidity’ have never been more interesting – expert panellists speaking at the TradeTechFX conference in Miami on Tuesday took stock. 

Executive brings extensive experience across financial market infrastructure, regulatory strategy and clearing leadership to the role.

The new contracts will include stocks from the S&P 500, Nasdaq-100 and Russell 1000 indices, and follow a recent surge in institutional demand for equity derivatives across the industry. 

Investment bank completes its first intraday FX swaps on the Finteum platform, as rising participation pushes weekly volumes past $1 billion.