BlackRock will use MarketAxess for Asian credit trading after signing up to Open Trading for US and European credit trading.
Overall trading volume in 2017 reached $1.5 trillion compared to $1.3 trillion the year prior.
Cboe’s Periodic Auction order book recorded trading volumes of €189.9 million on the first day of MiFID II.
SEC’s newly formed Fixed Income Market Structure Advisory Committee will provide advice on regulatory opportunities and intervention.
Firm gains regulatory approval to act as Recognised Market Operator in Singapore.
Tradeweb, MarketAxess’ Trax, Bloomberg, NEX Regulatory Reporting and TRADEcho all received APA authorisation.
Rick McVey stated its institutional trading volumes are growing faster than its competitor Tradeweb.
Trax APA users will have the choice to direct equity trades to Bats APA for post-trade reporting.
Open Trading platform continues to gain traction globally as average daily volume grew 56% in the first quarter.
Integration aims to simplify trade transaction reporting under EMIR, MiFID and MiFID II.