Technology

The integration allows FlexFX users to trade CME Group’s EBS Market and FX Spot+ liquidity directly through the EMS, expanding available spot and NDF execution venues.

The merger – which is currently scheduled to complete in Broadridge's fiscal fourth quarter – is expected to provide an end-to-end trading suite for global futures and options markets.  

Texas Stock Exchange UAT (TXSE), MIAX Futures Onyx, Cboe US Treasuries, Nasdaq PHLX Fusion, and 24X National Exchange are among the venues supported by the expansion, which is set to provide clients with greater liquidity access across various asset classes.  

The offering is the first of its kind and will connect Blue Ocean, Bruce Markets and OTC Markets’ MOON ATSs; move aligns with a growing shift towards 24/5 trading in US equities markets. 

The integration is expected to bolster the global competitiveness of Japan’s derivatives markets and marks an expansion of Nasdaq’s current technology offering across Japanese financial markets.  

Smaller firms with annual revenue below £50 million will not be charged for tape data, to “support the government’s objective to create a strong and diverse UK-based fintech ecosystem,” Etrading Software chief executive tells The TRADE.  

As part of the launch, Barclays has completed the first fully electronic multi-asset package trade for the instruments on Tradeweb’s swap execution facility (TW SEF).  

The new offering is set to enhance ETF market access, liquidity and execution quality for institutional clients, and is also supported by research from the firm’s subsidiary, Trackinsight.  

Specifically, firms are facing obstacles including fragmented data, legacy systems, and cultural inertia; currently 58% of buy-side firms are consolidating their technology platforms and vendors to adapt to AI-related advancements, according to a recent SimCorp report.