
UBS makes shock exit from outsourced trading game
One of the largest outsourced trading firms has served its clients a three month notice, just weeks after appointing a new head for the business, The TRADE has learnt.
One of the largest outsourced trading firms has served its clients a three month notice, just weeks after appointing a new head for the business, The TRADE has learnt.
Individual has previously worked at: Merian Global Investors, Old Mutual Global Investors, Goldman Sachs, ITG, and the UK's Financial Conduct Authority (FCA).
The TRADE sits down with Serge Marston, head of EMEA at CME Group, to discuss how liquidity dynamics are evolving across the derivatives space, how best to manage risk and the key developments allowing for improved efficiency in this landscape.
Alex Dalley, Cboe’s head of European cash equities, considers five trends he expects to dominate European market structure in 2025.
Appointment has spent over six years at Seilern, initially joining as an equity trader.
Cash consideration values the entire issued and to be issued ordinary share capital of TISE at an estimated £70.4 million.
The exchange aligns with Cboe Global Markets and the New York Stock Exchange, who have also announced plans to extend trading hours for US equities on their respective platforms.
READ MORESimon McQuoid-Mason, head of equity product and quant research at exchanges, SIX, shares insights on the start of the year, key challenges facing the industry and how SIX is tackling liquidity fragmentation to support trading participants with services like SwissAtMid and SpainAtMid, Auction Volume Discovery (AVD) or Quote on Demand (QOD).
WATCH VIDEOThe move is scheduled to be implemented in Q2 2026, subject to regulatory review and approval of any necessary rule changes.
Incoming individuals have previously worked at Fideuram Asset Management, Jefferies, JP Morgan Asset Management, and Susquehanna International Group.
nuam – the merger between the Santiago, Lima, and Colombia stock exchanges – is set to drive capital market integration across Latin America thanks to this strengthened technology partnership with Nasdaq.
The service from TransFICC was used to improve connectivity and manage migration to the new platform, which Tradeweb acquired in 2023.
The move, coordinated by Iberclear, aims to harmonise the Spanish market with European standards.
The European Securities and Markets Authority (ESMA) has communicated its decision directly to the relevant bidders, The TRADE understands.
Partnership follows a string of similar moves from venues including Nasdaq, NYSE and Cboe Global Markets, who plan to extend trading hours on their respective platforms.
The TRADE sits down with Gareth Coltman, head of trading solutions, EMEA and APAC at MarketAxess to unpack the current state of play when it comes to automation across the fixed income space, discussing how buy-side sentiment is changing towards automated solutions and what should be front of mind as innovation continues at an ever-faster pace.
New additions have collectively held positions at BlackRock, ESMA, Credit Suisse, BNP Paribas, Credit Agricole and Exane.
New offering aims to simplify access to South Africa’s secondary markets and contribute to growing the increasingly diverse community of asset managers, sell-side brokers, and technology providers in the region.
Ahead of the launch of The TRADE’s EMS Survey for 2025, Wesley Bray dives into the findings from last year’s iteration, exploring key progressions as well as which areas should be front of mind for the development of the sphere.