MEMX: The road ahead
Following news of major US players looking to establish a member-owned equities exchange, industry experts agree the move could prove to be positive for markets, but warn the road ahead for MEMX may be a difficult one.
Trading Venues
Tradeweb gains approval for Amsterdam Brexit base
Dutch Authority for the Financial Markets grants authorisation for Tradeweb’s Amsterdam entity ahead of Brexit.
UPDATED: Euronext faces competition for Oslo Bors as potential buyers emerge
Oslo Bors said today that its board of directors has met with other potential buyers after receiving interest from parties other than Euronext.
Nasdaq wins approval from shareholders for $220 million Cinnober takeover
Nasdaq now controls 98.2% of the total shares in Cinnober after shareholders approve increased bid of $220 million.
Major US institutions to rival NYSE and Nasdaq with launch of ‘low-cost’ exchange
Morgan Stanley, Virtu Financial, Citadel Securities, UBS and Fidelity Investments are among the firms looking to establish a low-cost, transparent equities exchange.
Cboe veteran Chris Concannon departs for COO role at MarketAxess
Chris Concannon will leave Cboe later this month to take on the role of chief operating officer at MarketAxess.
Request for quote in equities: Under the hood
As two major trading venues launch request for quote (RFQ) models for equities trading, Hayley McDowell delves into the specifications of each RFQ systems, and after speaking to sceptical senior buy-siders, finds that the venues could face significant barriers to market-wide adoption.
Oslo Bors lures rival bids amid Euronext’s €625m offer for acquisition
Oslo Bors has invited bids for its acquisition with a new offer process due to take place this month.
Wall Street goes to war over market data and access
A roundtable hosted by the SEC with high-profile market participants highlighted just how divided Wall Street and regulated exchanges are on the issue of market data and access to exchanges, writes Hayley McDowell.
ICE’s Bakkt completes $182 million funding round, delays launch until early 2019
Intercontinental Exchange’s cryptocurrency exchange and platform completes first funding round with 12 investors on board.