Technology

Deal follows similar collaborations by MarketAxess and JSE in previous years.  

Technological expansion showcases growth derived from LSEG and Microsoft’s partnership.  

The decision is set to contribute to cost synergies and operational efficiencies, according to UBS.

The provider has said that the trades reveal an industry appetite for integrated broker-aligned workflows, with further expansion across key institutional counterparties expected.  

The new offering makes use of Blue Ocean Technologies and OTC Markets Group’s alternative trading systems to provide access to US-listed securities and OTC equity trading.  

The investment deepens the firms’ existing partnership and will see SIGMA AI’s chief executive expanding his current role to also become TT’s head of AI and innovation. 

When it comes to the selection of cloud service providers, LSEG found that 92% of respondents believe operational resilience to be the primary motivator behind selection.

The offering follows a growing demand from clients for more flexibility in how front-office and back-office systems are integrated.  

Droit users – which include Wells Fargo, Goldman Sachs, RBC Capital Markets, UBS, and more – will now benefit from a longer lead time to examine the portfolio impact of rule changes.

The offering is expected to bring innovation in electronic trading and support the development of the Australian ETF market.