People Moves Monday: ING, Makor Group, Kepler Cheuvreux and more…
This past week saw a series of trading-focused appointments across the sell-side, spanning credit, high touch sales and multi-asset trading and several c-suite moves.
News
The Nigerian Exchange set to expand trading hours next week
The new trading window – 9am to 4pm WAT – follows the recent reclassification of Nigeria from an unclassified to frontier market status, authorised by FTSE Russell.
Avelacom establishes low latency route between Tokyo and London cloud infrastructure
The connectivity is enabled via a point of presence in AWS Stockholm, and is set to boost access to crypto prediction market platforms that make use of the path between Tokyo and London-based cloud infrastructure.
BNY CCM expert joins Tavira Financial as chief executive
Individual brings more than 25 years’ experience across clearing, custody and brokerage; previously served as head of direct custody and clearing sales for APAC at Citi.
Achieving consistent execution quality across brokers, venues and benchmarks is the key issue for 56% of buy-side respondents, according to new report
Experts from M&G Investments, Janus Henderson Investors and Allianz Global Investors give their view on the significance of insufficient market and instrument-level visibility and a lack of standardised data in a recent xyt survey.
Regulation
Clear Street secures Mifid II license for Netherlands expansion
The authorisation – granted by the Netherlands Authority for the Financial Markets (AFM) – complements the firm’s ongoing expansion in Europe, and existing UK operations.
Former Invesco head of trading Squires joins OptimX
Squires is set to support the buildout of OptimX’s platform in the role with a particular focus on the EMEA region, The TRADE understands.
CME Group to add mid-curve options and quarterly futures to equity index dividend suite
The new contracts align with the rising demand for listed dividend products, and will span options on the S&P 500 annual dividend index futures and Nasdaq-100 and Russell 2000 quarterly dividend index futures.
KRWQ launches Korean Won stablecoin on EDX Markets
Specifically, the new offering will allow traders to hedge KRWQ perpetual positions both in EDXM International as well as alongside regulated spot trading on EDX markets.
Stifel managing director joins Makor Group as a global multi-asset sales trader
New hire will be based out of Dubai, and has also previously served in trading-related and senior positions at firms including Mirabaud Group, HSBC and Natixis.