Dubai Financial Market receives FINMA recognition to operate as a foreign trading venue
Development establishes a regulated channel between Swiss and Dubai financial centres, and bolsters Dubai’s regional and global positioning in capital markets.
Regions
Ediphy’s fairCT lands key institutional backing to drive tape delivery
The five investors - Barclays, Citadel Securities, Deutsche Bank, TP ICAP and UBS Investment Bank – will provide technology infrastructure and market structure expertise for the tape.
Exegy builds out market data coverage to include key Middle Eastern exchanges
Exegy’s Axiom feed will now span exchanges in Saudia Arabia (TASI), Qatar (QSE), Kuwait (KSE), Abu Dhabi (ADX), and Dubai (DFM), complementing the firm’s existing Middle East and Africa regional coverage.
MEMX and CSD BR sign MoU to explore launching second Brazilian trading venue
Currently Brazil’s single official stock exchange is B3; the partnership aims to “provide more choice for investors seeking to trade Brazilian assets”, MEMX head of market technology tells The TRADE.
EuroCTP advances industry onboarding ahead of upcoming EU consolidated tape go-live
“Momentum is building quickly” ahead of the tape’s launch, with market participants already onboarding and connecting to EuroCTP’s test environment, with coverage expected across data redistributors and connectivity providers, EuroCTP tells The TRADE.
Europe’s closing auction is a critical pillar, but not without its obstacles
Variances in brokerage strategies, costs and operational risks are making it difficult for market participants to assess closing volumes and price, asserted experts at TradeTech in Amsterdam this week.
The Nigerian Exchange set to expand trading hours next week
The new trading window – 9am to 4pm WAT – follows the recent reclassification of Nigeria from an unclassified to frontier market status, authorised by FTSE Russell.
Achieving consistent execution quality across brokers, venues and benchmarks is the key issue for 56% of buy-side respondents, according to new report
Experts from M&G Investments, Janus Henderson Investors and Allianz Global Investors give their view on the significance of insufficient market and instrument-level visibility and a lack of standardised data in a recent xyt survey.
Jain Global trader to take up reins as APAC head of trading
Individual has been promoted after almost two years at the hedge fund, and previously served at firms including Balyasny Asset Management, AllianceBernstein and Societe Generale.
Single and unified access to all three nuam markets enabled via Avelacom link
The development aligns with ongoing efforts to form a regional infrastructure layer connecting Argentina, Chile, Colombia and Peru, and is set to provide institutional clients across the world with real-time market data access, The TRADE understands.