The transaction, which allows for on-chain financing of UST against USDC, was executed via Tradeweb and is set to pave the way for 24/7 global trading access to high quality liquidity assets.
New exchange offers 44 trading pairs amongst significant assets such as Bitcoin, SOL, ETH, and XRP.
The collaboration is expected to address challenges facing buy-side firms, including settlement delays, workloads and financial penalties; first client has already joined.
Incoming individuals will assume vice president and senior director roles, based in Toronto and New York.
Development will enable Virtu clients to access Glimpse data at the point of trade and inside their EMS; set to improve market insights and execution quality.
Scheduled to launch in Q1 2025, GFO-X is the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives.
New offering has been designed as a “co-pilot” for traders, allowing them to switch algorithms throughout the life of an order based on its characteristics and market conditions.
The move will provide buy-side firms with execution capabilities for more than 21,000 equities across 24 European countries.
With clear distinctions in volumes across the UK and EU when compared to the US, Wesley Bray explores the evolving use of ETFs, reasons behind regional disparities, what can be learned from the US and how innovation can help bolster trading volumes.
With data becoming unavoidably vital to the trading desk, Wesley Bray explores how traders are delving past traditional TCA and collaborating with data scientists on the desk to help gain a deeper understanding of market dynamics, in order to make better informed trading decisions.