Banks are attempting to find ways to reduce their capital-intensive repo trading activity in order to avoid penalties.
Analysing billions of message data points from the LSE, the FCA claims eliminating latency arbitrage would reduce the cost of liquidity for institutional investors by 17%.
H2O.ai has teamed up with MarketAxess to integrate machine learning technology with the firm's Composite+ pricing engine.
OpenDoor first came to market with session-based auctions for US treasuries, but amid increased demand has launched a continuous trading order book.
The bank acted as the counterparty and settlement agent for the interest rate swaps trade by Singapore investment firm Dymon Asia.
Cboe has gained approval from the SEC to operate an alternative closing auction mechanism, which threatens the monopoly primary exchanges retain on end-of-day trading.
Known as RepoTrader, the new trading functionality at Broadway Technology has already been deployed by major European banks.
AxeTrader EMS users will gain access to Overbond’s AI pricing analytics platform for insights into various securities.
Cboe Global Markets wants to implement the data feeds in multiple locations in a bid to reduce SIP latency, as debate on equities market data continues in the US.
Rob Wemyss spent 25 years with JP Morgan, and will now head up business development for FX options trading platform Digital Vega.