The impact of the shift to the single volume cap (SVC) for dark trading in October 2025 has reduced both dark and lit order book trading across Europe, with the latter only making up 27% of addressable trading in Q4 2025, according to recent AFME findings.
While market volatility can present opportunities to the equities industry, panellists at the Equities Leaders Summit in Miami indicated that market participants should err on the side of caution when it comes to liquidity access methods such as private rooms during these times.
Northern Trust picked up the award for Best Post-Trade and Operations in Outsourced Trading at Leaders in Trading New York, a fiercely competitive category, but one the provider prevailed in due to its commitment to operational excellence. Stephanie Farrell, head of Integrated Trading Solutions, Americas, Northern Trust, details the work which went in behind the scenes which led to the prestigious win.
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).
Offering combines both high and low touch trading across futures and options, rates and equities.
Human traders remain relevant in an AI-driven world, experts say
Periods of market volatility and turbulence highlight the vital role of human skills across the equities sphere, according to buy-side panellists speaking at the Equities Leaders Summit in Miami on Tuesday.
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BMLL’s Rob Laible on how data, analytics and AI are reshaping the buy-side trading desk
Fresh from moderating a panel of buy-side agents of change at the Equities Leaders Summit, Rob Laible, head of Americas at BMLL, discusses how data-driven workflows are transforming trading outcomes, as well as whether AI on the trading desk has moved beyond hype to practical reality.
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The new hire – previously named one of The TRADE’s Rising Stars of Trading and Execution – will focus on enhancing the firm’s regional presence, The TRADE understands.
While the US consolidated tape emerged alongside centralised exchanges, the challenge for Europe’s long-awaited iteration lies in its being built after fragmentation became entrenched in its markets, said panellists speaking at the Equities Leaders Summit in Miami on Tuesday.
Less than a third of quantitative trading firms believe their front-office infrastructure can handle the volumes expected by the end of the decade, according to Acuiti’s latest report.
With exchanges and industry players commencing plans to shift to extended trading models, experts at the Equities Leaders Summit on Tuesday suggested that buy-side opinions on the prospect are not changing in tandem.
Individual was formerly global head of liquidity, financing and collateral; appointment is part of wider executive shake-up to support growth across markets and wealth solutions.
Chief executive of Etrading Software has asserted that the delivery of the infrastructure will not be disrupted by the ongoing legal proceedings.
Periods of market volatility and turbulence highlight the vital role of human skills across the equities sphere, according to buy-side panellists speaking at the Equities Leaders Summit in Miami on Tuesday.
Collaboration gives clearing members access to Clearstream’s pan-European CSD and ICSD services.
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.
New in depth market intelligence platform comprises research, analytics, and exclusive insight, along with a new interactive data tool.
This past week saw a flurry of moves across the industry, including a global head of electronic trading, head of electronic fixed income, and a senior credit desk hire.
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