The plans come following recent market shifts and turbulence, such as the Middle East conflict, and aim to curb risk posed by a small number of firms holding concentrated positions and triggering destabilising cross-market unwinds.
The proposed recommendations will operate as a ‘report once’ single integrated framework spanning Mifir, EMIR and SFTR; the regulatory body has indicated that it could deliver up to €1 billion in annual net savings.
The ‘recommended practices’ have been developed to be asset class agnostic, and are relevant not only to trading venues, but also for brokers, data vendors and other service providers.
The transaction took place on the Canton Network between Franklin Templeton and Virtu Financial, and comes amid growing institutional momentum behind tokenised real-world assets.
New appointment had been with UBS for 16 years, including 12 as head of electronic credit sales for EMEA.
The transaction focuses specifically on River Global’s asset management business, and boosts Liontrust’s total assets under management.
Individual brings more than 20 years of sell-side sales trading expertise to the new role, where he will be based out of Kepler Cheuvreux’s London office.
On average, 47,009 inbound records were processed daily in first week of tape operations; ETS Connect UK has confirmed it will open-source the full suite of data quality validation logic for the tape to boost transparency.
The trades are facilitated within State Street’s GlobalLINK FX Connect platform; solution allows asset managers to directly match trades with each other while still operating within their existing execution channels.
The move follows the launch of the DTCC’s industry-wide testing phase for 24/5 trading in January 2026, and aligns with wider efforts to expand to extended trading models across the US equities market.