The Foreign Exchange Professionals Association (FXPA) labelled the updates “well-intentioned but flawed”, namely due to the overly complicated language used in the proposals and the lack of practical detail.
The exchanges will co-own a new Netherlands-based company named SimpliCT which will seek to leverage the expertise of its founders to develop a “best-of-breed equity CT”.
Almost 40% of US electronic traders have "a lot" of interest in having "more innovative" trading venues to choose from, according to the latest Coalition Greenwich report.
New appointment previously held positions at both Deutsche Bank and NatWest Markets.
Development will allow banks and brokers using ION’s technology stack to offer clients advanced execution capabilities and clearing services on the newly launched exchange from day one.
The TRADE sits down with Rick Lodder, algorithmic execution specialist at MN, to discuss the important role of algos in levelling up the front-office tech stack, potential technological barriers when it comes to FX instruments, and the increasingly strong case for in-house algorithmic execution platforms.
Northern Trust’s outsourced trading desk to support $33 billion asset manager for equity funds under management and all related derivatives.
Having received authorisation from the FCA, the OptAxe trading venue centralises FX options liquidity to increase trading opportunities.
Reporting requirements by the Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission (ASIC) will be supported alongside include other updated regulatory regimes and asset classes.