Research has suggested that despite a surge in trading volumes, mergers and acquisitions among platform providers is likely over the next 18 months.
Chris Concannon will leave Cboe later this month to take on the role of chief operating officer at MarketAxess.
Scott Eaton appointed CEO of Algomi following the departure of Stu Taylor earlier this year.
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.