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.
Morgan Stanley, Virtu Financial, Citadel Securities, UBS and Fidelity Investments are among the firms looking to establish a low-cost, transparent equities exchange.
New business known as Fidelity Digital Assets will offer custody and trade execution of cryptocurrencies.
Trading desks in the asset management industry are dominated by men, but this patriarchal trend is beginning to shift as women on the buy-side are uniting to encourage others to join the sector.