Aquis and Cboe step away from consolidated tape joint venture
Venture was agreed in October; “We remain committed to supporting regulators and the industry to help deliver a tape that meets users’ needs,” a Cboe Europe spokesperson tells The TRADE.
Venture was agreed in October; “We remain committed to supporting regulators and the industry to help deliver a tape that meets users’ needs,” a Cboe Europe spokesperson tells The TRADE.
The past week saw moves across the C-suite and fixed income.
New appointment previously held positions at Nasdaq, OMX Exchanges and E*TRADE Bank Denmark before taking on the global exchange head role at SIX and will succeed Jos Dijsselhof, who is set to step down after seven years.
EuroCTP was first announced in the third quarter of 2023 and is backed by 14 exchanges as its shareholders and would be competing with Aquis and Cboe’s own consolidated tape initiative.
With the topic of data becoming increasingly central to market developments, The TRADE sat down with Marion Leslie, head of financial information at SIX, to unpack the role of data in how trading strategies are evolving, how the buy-side is preparing for a data-driven future, and the regulatory considerations at the fore of the industry’s attention.
The move is set to further enhance SIX’s position within the asset class globally, solidifying it as a provider of fixed income data and solutions.
New indices will also serve as benchmarks for digital asset trading venue, AsiaNext, which was founded by SIX and SBI Digital Asset Holdings.
With Emir refit implementation set to come into force in April for the EU with the UK to follow in September, The TRADE spoke to Thomas Steimann, chief executive of SIX’s Regis-TR to unpack the readiness of those market participants trading over the counter (OTC) derivatives markets, the key implementation considerations across both sides of the Channel, and what the firms should prioritise going forward.
Counting down the second batch of The TRADE’s most read news stories over the past year, featuring UBS, SIX and Northern Trust.
The launch follows that of the Corporate Action Calendar by SIX in September which allows clients to track and process upcoming events including M&As, dividends, and stock buybacks.