TMX Group’s CDS upgrades infrastructure to drive post-trade modernisation
The Canadian clearinghouse’s move replaces certain legacy systems and is set to match the evolving market needs for post-trade.
News
Buy-Side
Building success in a fragmented US
Annabel Smith sits down with Melissa Hinmon, director of equity trading at Glenmede Investment Management and winner of The TRADE’s Buy-side Market Structure Expert of the Year Award at Leaders in Trading New York 2024, to explore her career thus far, discuss advice for those starting out in the industry, and highlight the standout market structure themes for 2025.
SIX exploring market’s first three-pronged pan-European trading venue
New venue would have three legs to stand on in Europe, the UK and Switzerland, SIX chief executive Bjørn Sibbern tells The TRADE in a sit-down interview exploring the pan-European market outlook and the exchange’s plans for the future.
Stifel mulls UK sales trading exits as cash equities job cuts bite
The move follows the acquisition of Bryan Garnier in January 2025, and forms part of a strategy change to focus on the firm’s European advisory-led business.
Algo advances create overlap between US equities’ single-stock and program trading
Sophisticated algorithms and the rise of electronic execution are seeing buy-siders place greater focus on options between high-touch and low-touch execution, according to Coalition Greenwich’s latest study.
ION leverages AI in bid to optimise pre-trade risk management for clients
The new solution integrates CME SPAN 2 and aims to address calculation and speed challenges associated with the model.
Cboe promotes Tiefenbrun to new global head of cash equities role
Another promotion for former BAML, Turquoise, LSEG and Instinet equities expert who continues to ascend at Cboe.
LSEG expands AWS existing relationship with cloud collaboration
The move will migrate LSEG’s internal systems to the cloud and expand the ongoing relationship between the two companies.
SIX launches new data offering for global fixed income markets
The new offering is set to eliminate challenges of inconsistencies and errors facing clients using fixed income data.
Phillip Nova and Integral expand partnership to enhance NDF and FX offering
The expansion follows an increase in market demand for NDFs in the APAC region and builds on the two companies’ existing partnership.