Broadridge tapped by First Abu Dhabi Bank to build global agency securities finance business
The move builds on the bank’s drive to expand securities lending in the UAE and wider Middle East.
Equities
Avanza Fonder outsources trading to Northern Trust
The move will consist of outsourcing the firm’s global, emerging market, European and US equity market index funds.
OneChronos raises $32 million in funding round
The capital is set to “optimise growth and expand trading opportunities”.
Expanding equity trading hours risks alienating the new generation
The potential for a move in the opposite direction towards shortened hours is not out of the question, suggested experts speaking at the LSEG equities day earlier this week.
SIX agrees to acquire Aquis Exchange
Landmark deal will elevate Swiss-owned exchange operator’s exchange offering throughout Europe.
Kepler Cheuvreux makes key additions to Milan office
New appointments include a new head of sales for Italian clients, and a new head of Italian equities.
Plato Partnership proposes new standards for tackling market outages
Developed in collaboration with European exchanges including Deutsche Börse, Euronext, SIX Swiss Exchange and Nasdaq OMX, the proposed standards seek to bolster the resilience, consistency and transparency of market operations.
BNY bolsters iFlow’s fixed income and equities data
“The new indicators are designed to provide transparency into unexpected market moves and show how markets have acted historically, helping to determine the potential vulnerabilities around shock events,” explained BNY.
Aquis and Cboe to form joint venture intent on exploring consolidated tape bid
The exchanges will co-own a new Netherlands-based company named SimpliCT which will seek to leverage the expertise of its founders to develop a “best-of-breed equity CT”.
US market increasingly ready to embrace alternative trading systems
Almost 40% of US electronic traders have "a lot" of interest in having "more innovative" trading venues to choose from, according to the latest Coalition Greenwich report.