M&A flurry shows no sign of slowing with two trading venue deals announced this week
Aquis Exchange and MarketAxess announced deals to acquire equities block trading start-up OptimX and algorithmic trading provider Pragma, respectively.
Aquis Exchange and MarketAxess announced deals to acquire equities block trading start-up OptimX and algorithmic trading provider Pragma, respectively.
Transaction is expected to close in the fourth quarter; follows first client algorithmic trade in US credit on multi-protocol automated execution solution Adaptive Auto-X.
Move comes as part of MarketAxess’ continued push towards zero touch trading; next phase of the Adaptive Auto-X pilot has also been announced, which will provide increased liquidity-seeking strategies.
Head of EMEA and APAC and chief executive UK at MarketAxess Christophe Roupie sits down with The TRADE to explore fixed income sentiment and the role the market backdrop is playing in its evolution.
The move comes two weeks after MarketAxess confirmed its JV with Bloomberg and Tradeweb to become the fixed income consolidated tape provider in the EU.
The three venues confirmed plans to apply to become the tape provider in June last year via a public procurement process organised by ESMA; have selected FINBOURNE as their infrastructure provider.
You might be cruising on autopilot for most of the flight, but when there’s turbulence you want a pilot to take over, writes Annabel Smith.
Bloomberg, MarketAxess and Tradeweb selected the fintech against a number of other competitors to build the technology infrastructure for their consolidated tape for fixed income in Europe.
The past week saw appointments from Northern Trust, Tradeweb and MarketAxess.
New head brings considerable experience in data services to the firm, having previously served at ICE and Bloomberg.