Clear Street brings in ex-UBS trader to lead European outsourced trading business
Individual spent three years at UBS as a multi-asset trader and has also previously worked at Axia Futures and Odey Asset Management.
Individual spent three years at UBS as a multi-asset trader and has also previously worked at Axia Futures and Odey Asset Management.
Merz’ support follows recent developments to unify Europe’s markets and address fragmentation across the region, such as Euronext’s bid to acquire all ATHEX shares.
The hires, based in Frankfurt and London, join from firms including UBS and Western Asset Management.
With ValueExchange research in April revealing that 26% of firms surveyed indicated they would miss the target date, the UK Accelerated Settlement Taskforce is urging firms who have not begun preparing to do so now, reiterating that “rewards will be meaningful”.
A joint statement from AFME, EFAMA and FIA EPTA follows numerous disruptions since 2020, most recently the Nasdaq Nordic and Baltic outage in July 2025.
As consolidated tapes in the UK and EU increasingly begin to move from dream to reality, albeit with some hurdles in the road, Natasha Cocksedge delves into what’s to come next and explores opinions on the endeavour from those in the fixed income world.
The exchange is set to launch a voluntary exchange offer, running until 17 November, with the proposal already receiving unanimous support from ATHEX’s board of directors.
Though European active ETF assets remain lower than its US counterparts, areas such as fixed income are seeing increased investor interest.
The offering will unify listing, trading, clearing and settlement and is set to address fragmentation and distribution issues across European ETF markets.
The contracts are scheduled to go live in Q1 2026 and follows strong adoption of FLEX options in the US since the products were launched in the region in 1993.