Hidden Road receives FINRA broker-dealer approval
The approval builds on Hidden Road’s recent expansion of its fixed income prime brokerage platform and follows the firm’s acquisition by Ripple announced earlier this month.
Sell-Side
European Commission exploring US-style order protection rule among other market reforms
New consultation paper explores how effective US Reg NMS rule is while also re-tabling VWAP Crossing in Europe, reviewing dark trading levels in Europe, the prospect of 24-hour trading and more.
Buy- and sell-side in stand-off as US tariffs waiting game continues
A week on from the US’ so-called ‘Liberation Day’, Claudia Preece catches up with traders on both sides of the street to understand the state of play...
Citadel Securities leads $25 million Series B investment in TransFICC
Other investors include BlackFin Tech, AlbionVC, HSBC, Illuminate Financial, ING and neosfer; investment follows TransFICC announcement in November that it intends to bid to become the consolidated tape provider.
BNY facilitates first intraday repo trade through triparty platform
The intraday repo solution is designed to enable market participants to source liquidity for specified periods of time without the need to borrow for a full 24-hour period.
Barclays Bank latest trading participant to join SIX platform
The addition makes the bank the Swiss stock exchange’s ninety second trading member.
Optiver to convert to a systematic internaliser
Move will amend how Optiver reports and will see the market maker expand the number of stocks it is able to offer up liquidity in.
RBC Capital Markets becomes first Canadian bank to join SPIRE multi-dealer platform
To date, there are 18 dealers on the platform working to support the development of the repackaging markets.
Goldman Sachs and FlexTrade enhance algo offering with API order status updates
New partnership makes Goldman the first broker to offer order updates via API on an EMS; launch is designed to enhance buy-side visibility on algo order performance intraday.
Ex-Jupiter AM trader joins Jefferies
Individual has previously worked at: Merian Global Investors, Old Mutual Global Investors, Goldman Sachs, ITG, and the UK's Financial Conduct Authority (FCA).