State Street Global Markets appoints new head of financing solutions for Europe
Incoming head brings considerable experience to the role, having previously served at Société Générale, Royal Bank of Scotland and BNP Paribas.
Europe
SI activity spike further damaging European intraday liquidity, report finds
Activity on systematic internalisers (SIs) hit 27% in June, according to Liquidnet data, reaching levels not seen since April 2019.
CME Group to launch European overnight index futures
New futures are expected to help clients manage sovereign debt risk in Europe once available.
European equities: the American dream?
As the European equities landscape becomes increasingly bloody and the largest US banks continue to dominate, Annabel Smith explores why European banks struggle to profit on their own turf and, if the Bloc were to need a home-grown champion, who it could be.
ESMA revisits third country CCP recognition applications
Applications had been suspended until 28 June; Chile, China, Indonesia, Israel and Malaysia will receive recognition status pending relevant conditions.
Is the US the ultimate winner in derivatives trading post-Brexit?
Lack of equivalence between the UK and Europe post-Brexit saw a huge chunk of derivatives trading move to the US, however, proposed upcoming regulatory changes have the potential to push some of that liquidity back across the pond.
AFME warns Mifir review could harm liquidity
Instead, the association has laid out its own recommendations which it predicts will protect the role of a market maker as a liquidity provider and banks as shock absorbers.
Continuous lit markets set to carry on suffering at the hands of the Close
Trading volumes are continuing to migrate towards the Close in light of the growing number of passive funds coming to market.
Are periodics set to overtake dark venues in market share?
Speaking to The TRADE, Liquidnet’s head of execution and quantitative services for EMEA, Gareth Exton, said regulatory changes are only set to speed up adoption of periodic auctions.
Block trading in Europe continues to spike as volatility sees risk commitment tail off
A drop off in bank’s risk pricing and appetite to show balance has led to block trading accounting for a quarter of the pan-European trading volumes in the second quarter.