The deal will create a single end-to-end multi-asset trading platform, and follows increasing industry demand for coverage of “all asset classes under one roof,” TRAFiX chief executive tells The TRADE.
The move brings crypto firms under full FCA regulation for the first time, three months after the transition period for MiCA regulation in the EU ended.
The initiative includes investments from PEAK6 Investments and Robinhood Markets and will also leverage technology from Nasdaq and Apex Fintech Solutions.
Winners across the five categories, as well as the North American Rising Stars of Trading and Execution, will be announced at Leaders in Trading New York on 19 November.
Coinbase Clearing will support USDC collateral and 24/7 settlement, and completes the firm’s CFTC-regulated derivatives infrastructure, which also includes a futures commission merchant (FCM) and derivatives exchange.
New hire brings almost a decade of buy-side experience and will cover both equities and fixed income, based in Dublin.
The offering will allow trading desks to hedge risk and express views on the market, without having to leave the workflow leveraged for spot and futures trading.
In light of Europe's consolidated tape and 2027 T+1 deadlines, ESMA has published its work programme for next year, setting out its supervisory, market efficiency and simplification priorities.
The ruling specifically allows states such as Ohio and Tennessee to apply their respective gambling laws to the prediction market’s sports event contracts and comes after Kalshi began offering these contracts on its exchange in early 2025.
The past week saw a wave of equity trading hires across the buy-side and sell-side, from London dealing desks to an APAC expansion in Sydney, as well as a senior ETF capital markets appointment in the Americas.