Following a last-minute decision from Brussels in March to plug an accidental regulatory loophole, Annabel Smith explores what might’ve happened if the European market was left with no caps on dark trading and whether the events signal a wider issue in the European regulatory machine.
Currently, more than 35 dealers and 90 asset managers operate on LTX’s AI-powered corporate bond trading platform.
The TRADE sits down with Sally Bartunek, trader at Ninety One, to discuss the key talking points on the firm’s trading desk, the expected implications of the shift to T+1 later this month, and the current liquidity landscape and ways to navigate it.
The growth of European single stocks derivatives (SSDs) created a large and diverse range of products for equity market exposure. However, this growth came with complexity, often adding costs to trading. As the key hub for the European market, Eurex has undertaken constant upgrades to ensure cost-efficiencies for traders. The newest feature is enabling the home market settlement.
The incoming traders join the bank from JP Morgan, BNP Paribas, Morgan Stanley and Deutsche Bank according to an internal memo seen by The TRADE.
The Greenwich-based fintech has an established presence in Mexico, having previously introduced an alternative trading system helping participants trade Mexican government fixed income securities electronically.
JP Morgan Chase expects $100 million civil penalty linked to trading data completeness
Latest development follows news from March which saw the firm face $350 million worth of fines and civil money penalties for inadequacies in its firm and client trade reporting program between 2014 and 2023.
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ISS LiquidMetrix on the evolving TCA and best execution landscape
The TRADE catches up with Phil Lemmon, head of EMEA sales at ISS LiquidMetrix, to discuss shifting clients needs when it comes to TCA and best execution, new developments by the firm to meet those needs, and how it expects TCA and best execution to evolve in the coming years.
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Individual spent two decades at Credit Suisse, most recently serving as EMEA head of program and electronic trading.
New development will offer participants improved access to data and analytics, helping them to achieve scalability, time to market and remote access.
New appointment brings over two decades experience, having held positions at JP Morgan, BlackRock, EquiLend and Sunrise’s Matchbox.
Trading will be provided to New Silk Road via Northern Trust’s Integrated Trading Solutions (ITS) “to help navigate cross-border trading challenges amidst a changing market structure in North America”.
More than half of asset managers also confirmed that recent updates to Mifid II unbundling rules remove operational barriers to charging clients for research, says Substantive Research.
The past week saw appointments across emerging markets, foreign exchange, equities and distribution.
Development will allow traders to execute multi-currency trades with KCx, helping provide better efficiency when navigating arbitrage strategies.
New appointment previously held the same role at UBS, leading a team of equity professionals across the US, Europe and Asia.
Incoming head will be responsible for collaboration with front-to-back asset serving platform, State Street Alpha.
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