FCA eyes potential payment for order flow shake up
The regulatory body confirmed that it “will set out any proposals for changes in due course”; news comes as the EU is set to enforce a full-scale ban of the practice on 30 June 2026.
The regulatory body confirmed that it “will set out any proposals for changes in due course”; news comes as the EU is set to enforce a full-scale ban of the practice on 30 June 2026.
Industry roadmap highlights multi-phase testing, weekend simulations and heavy reliance on coordination across CSDs, CCPs and custodians to avoid settlement disruption.
Individual steps up to the role after 12 years at the investment management giant; most recently served as EMEA head of secondary and options markets for iShares.
Euronext picked up the award for Outstanding European Derivatives Venue at The TRADE’s Leaders in Trading Awards in November 2025, recognising its significant innovation and success in the category over the past year. Charlotte Alliot, head of financial derivatives, EQD and FI, highlights the key developments over the year that led to the win.
Collaboration supports Tradefeedr’s move beyond FX, using BMLL datasets to deliver standardised analytics via a unified API layer.
The firm highlighted key drivers of growth, such as the completion of the Aquis and Baymarkets tie-ins over the course of 2025, contributing to a 5.4% net operating income increase.
BlackRock promotes from within for EMEA ETF markets head
Individual steps up to the role after 12 years at the investment management giant; most recently served as EMEA head of secondary and options markets for iShares.
READ MOREThe TRADE sits down with Petros Kyliakoudis, lead, trading research and analytics at Baillie Gifford, to discuss how European market structure is changing, from unstructured data and AI to regulation and bilateral structures.
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New hire, who worked extensively at Bank of America Merrill Lynch previously in his career, brings almost 20 years of convertible bonds sales and trading experience to the role.
Newly appointed executive previously served as global chief executive of Turquoise at LSEG and held senior roles across BCS Global Markets and ABN AMRO Clearing.
The collaboration is expected to tackle the fragmentation of collateral and risk workflows across digital and traditional infrastructures and provide a unified framework for clients to scale tokenisation strategies.
New hire previously spent nearly five years at RBC, and has also served at ODDO BHF, Societe Generale and Eurex.
Deep dive on burgeoning sector will once again offer in-depth insight into outsourced trading and deliver provider ratings so clients can differentiate the services on offer.
The past week saw a multitude of senior trading appointments across the buy-side and sell-side.
New hire spent 17 years at Stifel working across various institutional equity sales-based roles, and also previously worked at Bear Stearns.
The additions are expected to enhance the firm’s current algorithmic execution offering for US Treasuries, launched in October 2025.
More institutions are expected to join the venue as live market operations progress; news follows FCA authorisation of BPX in June 2025 to operate a regulated marketplace for traditional and tokenised securities.
Appointment is set to bolster the firm’s European equities offering, following the recent hire of a new head of market structure and new products from SIX in November 2025.
Appointment has been with the firm for more than two decades; most recently served as head of quantitative equity trading.