LSEG to include iceberg and hidden orders in its after-market trading session
The enhancement to Closing Price Crossing (CPX) is set to go live on 8 December, The TRADE understands.
The enhancement to Closing Price Crossing (CPX) is set to go live on 8 December, The TRADE understands.
Individual joins after nearly six years at the exchange and will oversee market structure and new products, The TRADE understands.
The past week saw a newly created US equities position, a head of market making appointment, and the hiring of an industry stalwart into a relationship-focused role.
The service launch follows a successful proof of concept involving 13 sell-side FX options desks.
Grady accepted the Lifetime Achievement Award at The TRADE’s Leaders in Trading 2024 event, recognising his contribution to the industry.
The collaboration will integrate LSEG’s Yield Book fixed income data and analytics into FINBOURNE’s LUSID platform and builds on the two firms’ existing partnership from 2021.
BNP Paribas, Deutsche Bank, JP Morgan and Morgan Stanley are among the banks taking a 20% ownership stake, in exchange for £170 million in the deal.
The offering will allow firms to build governed AI agents using both enterprise and LSEG’s data, via Databrick’s Delta Sharing.
Through the move, the group has integrated execution, content, and analytics in a bid to promote “smarter trading”.
The FCA has approved the move, citing the opportunity to “boost growth and unlock capital investment […] seeding a competitive market that gives greater investor access to exciting growth companies."