Trading of the contracts is currently scheduled to go live on 28 April, and will also see BNP Paribas acting as a market maker to support liquidity, subject to regulatory approval.
Developed with a consortium including Barclays, BNP Paribas, Citi and JP Morgan, the platform seeks to streamline cleared and bilateral workflows.
Demand from institutional clients and clearer regulatory frameworks cited as key drivers of changing sentiment, finds a recent report.
To ensure a smooth delivery of the enhancement, both firms are set to collaborate throughout 2026, with a focus on platform design, testing, migration and participant readiness.
The past week was one for the books in terms of people moves, with a new buy-side head of ETF capital markets for EMEA and APAC, as well as senior positions across the sell-side spanning market structure, equities, rates and derivatives.
Move will enable global clients accessing the National Stock Exchange of India (NSE) to utilise the platform’s full suite of trading tools, including execution algorithms.
New hire has also previously held various senior positions at Cboe Global Markets.
RQD Clearing’s new separate entity introduces a ‘competition for order flow’ model, designed to enhance execution quality and liquidity competition across the US-listed options market.
The firm’s dedicated non-profit organisation, Transparent Markets Europe (TME), has announced its founding members alongside the submission, including: SIX Group, S&P Global, the German Investment Funds Association (BVI), and the Derivatives Service Bureau (DSB), among others.
Citadel and Wells Fargo completed the inaugural transaction on Tradeweb’s swap execution facility (TW SEF), with post-trade processing delivered through OSTTRA’s MarkitWire platform.