The firm has said that the decision to close Cboe Europe Derivatives (CEDX) will redirect resources to other opportunities within the organisation, and will not impact Cboe’s other pan-European businesses.
The equities and research joint venture between Societe Generale and AllianceBernstein was announced in 2024; redundancies are currently being made on a voluntary basis, The TRADE understands.
The new API offering will allow firms to “focus on their trading strategies instead of navigating the complexity of the underlying market plumbing,” Ediphy chief executive tells The TRADE.
Industry Person of the Year 2025, Stuart Lawrence, head of European equities trading at UBS Asset Management, sits down with Claudia Preece to discuss his journey to the buy-side trading desk and ambitions for the future. Lawrence shares his story thus far – from a baptism of fire to leading the charge for markets’ evolution as a key industry figure – and the key lessons gleaned from his 25 years of industry experience.
Credit expert has more than 23 years’ emerging markets trading experience; has also previously served at Barclays, BNP Paribas, and CIBC.
The move is an internal promotion; previous head of trading Gary Prince remains with the firm in new role.
The offering will focus on FX and Mifid respectively and is aimed at providing deeper insights into trading behaviour.
The move is expected to support the wider industry as exchanges such as NYSE, Nasdaq and Cboe begin to prepare for a shift to overnight trading models for US equities markets.
Previous roles include stints at: Deutsche Bank, Andor Capital Management and UBS Investment Bank.
Previous roles include senior positions at: Citi, Morgan Stanley and UBS Investment Bank.