Equities

Appointment follows other recent Citi hires from JP Morgan in recent months.  

Of the traders interviewed, 58% opted for separate systems, with control, flexibility and configurability underlined as the key drivers behind this preference, according to a Coalition Greenwich report. 

The group is currently the only confirmed bidder in the process and follows recent news that Bratislava Stock Exchange had become the company’s latest shareholder.  

Operations are expected to end on 29 August 2025; the exchange has said it will maintain its global derivatives and Cboe data vantage businesses in Japan. 

EuroCTP’s shareholder base now includes all 27 EU member states, with other shareholders including the Budapest Stock Exchange, SIX, Euronext and Nasdaq.  

The provider has said that the trades reveal an industry appetite for integrated broker-aligned workflows, with further expansion across key institutional counterparties expected.  

The offering will span South African and Pan-European equity markets and will see both banks acting as each other’s preferred execution partner for their respective equities markets. 

Venue selection and broker strategy choices are also expected to see significant impacts, however firms should be aware of AI’s challenges, according to a Coalition Greenwich report.  

The launch follows approval from regulators; partnership is set to focus on quantitative strategies for listed equities.  

Launch is scheduled for September 2025 and follows SEC approval to operate 23/5 trading hours in November 2024.