Former chief operating officer for CME Europe joins Capco
David Feltes served as COO of CME Europe from 2012 until 2016 and was previously CEO of proprietary market maker Marquette Partners.
News
European Commission confirms ‘time-limited’ equivalence for UK CCPs
As the European Commission finalises EMIR 2.2, it has confirmed a temporary equivalence decision for UK CCPs from January 2021.
Buy-Side
Hedge funds look to algo trading to reduce market impact in volatility
Results from The TRADE’s 2020 Algorithmic Trading Survey reveal that hedge funds are increasingly using algos to reduce market impact, as the buy-side continues to focus on trade performance and price efficiency.
Cloud9 and SteelEye partner to tackle voice trading compliance challenges
Both firms have seen an increase in demand for cloud-based voice capture technologies amid the shift to remote working.
ICE launches beta version of SONIA reference rates
ICE Benchmark Administration has started publishing beta term SONIA rates for testing, using data from BGC, TP ICAP, and Tradition’s Trad-X central limit order books.
ION takeover of Broadway raises fixed income trading competition concerns
The UK’s competition authority has given ION five days to address concerns that its takeover of Broadway will harm competition in fixed income trading.
BNY Mellon and Deutsche Bank reduce confirmation times for emerging market FX trades
By leveraging previously established bots for a new digital solution, BNY Mellon and Deutsche Bank are aiming to improve custody processes for emerging market currency trades.
Deutsche Börse launches online analytics platform with Eurex and Xetra data
Deutsche Börse has launched a new online analytics platform to provide traders with access to Eurex and Xetra market data.
BNY Mellon Investment Management appoints new chief executive
Mitchell Harris has confirmed plans to retire as CEO at BNY Mellon Investment Management.
Flow Traders appointed lead liquidity provider for new HKEX MSCI derivatives
HKEX confirmed in May it would expand its licensing agreement with MSCI to launch Asia and emerging market futures and options contracts.