To access bigger and broader sets of tools and markets, tier one asset managers are leveraging outsourced trading to supercharge their inhouse capabilities.

Relatively new entrant, Cboe BIDS Europe, has become the largest electronic block trading platform and is seeking to support rather than compete with the traditional high touch model, write Natan Tiefenbrun, president, Cboe Europe, and Stephen Berte, president, BIDS Trading.

With monthly cleared NDF volumes consistently over $1.75 trillion this year and client clearing YTD volume reaching $313 billion in August at LCH ForexClear, Andrew Batchelor, LCH ForexClear chief operating officer and head of product, sits down with The TRADE to explore how the foreign exchange clearing landscape is evolving in light of major regulatory change and greater buy-side involvement.

UBS-developed machine learning techniques have been successfully employed to make context-aware adjustments in routing behaviour to extract value from differences in venue-placement for its cash equities offerings in the US and EMEA.

Home to seven national exchanges, Euronext is further integrating its capital markets value chain whilst maintaining superior market quality for equity trading, to the benefit of a wide variety of market participants.

Banning payment for order flow (PFOF) and only allowing large trades to be executed on systemtic internalisers (SI) should be prioritised over implementing a tape, writes James McKeone, VP and head of European data at NASDAQ.

Developments in automation and digitalisation, when applied effectively, can help businesses across the trade lifecycle communicate better with customers, providing innovative new services and deepening relationships.

Starting from 25 July 2022 and in parallel with global regulatory norms, Taiwan Futures Exchange (TAIFEX) offers central clearing services of OTC derivatives for market participants to lower capital requirements and improve capital efficiency.

Anya van den Berg, vice president of analytics at Deutsche Börse, explores the increase in data exchange between venues as well as the availability of new and unique market data products developed directly by the exchanges themselves.

Natan Tiefenbrun, president at Cboe Europe, along with John Fruen, head of EMEA market structure and liquidity Strategy at UBS, Ben Springett, head of electronic and program trading at Jefferies, and Laetitia Visconti, head of EMEA equities market structure and market connectivity at Barclays, share their thoughts on the success of periodic auctions in Europe’s equity venue landscape and the factors that could drive their increased adoption in the future.