Europe

The bank joins a list of 66 members who are currently admitted to the exchange.

Incoming individual has an established emerging markets focus; most recently worked at Goldman Sachs and Citi.

The TRADE sits down with Tobias Stein, head of fixed income and trading at Quoniam Asset Management, to discuss the EU’s consolidated tape (CT) plans, unpacking key data considerations, empirical use cases, and what providers of the tape should consider.

Views come as UK expected to reveal shorter timeframe for T+1 switch than European counterparts.

With fail rates high due to market volatility and penalties pouring in through CSDR, experts are recommending Europe addresses current inefficiencies, or risk complicating matters though a rushed move to T+1.

Back in June, TD Bank Group and Cowen had announced that the prime brokerage and outsourced trading businesses were parting ways just months after the deal was completed, seeking a more ‘strategically and geographically aligned’ partner.

A total of seven board members have been elected to the board; individuals hail from TMX Group, Bermuda Stock Exchange, Cboe, Japan Exchange Group, Singapore Exchange and Korea exchange.

As of last month, Eurex reported record volumes in its cleared repo markets, doubling across all markets year on year.

The Financial Conduct Authority (FCA) has given firms until the end of the month to consider its recommendations; firms are not required to report their actions back to the regulator.

TRADE CYCLE will focus on streamlining areas including: data and trading analytics, execution, connectivity and clearing, among others, The TRADE understands.