Over 150 industry leaders gathered at Chelsea Piers in New York to celebrate their achievements throughout the year.
Enhancements are designed to allow trading desks to simultaneously quote a greater number of structured products across markets and distribution channels.
Despite a year of consultation on tweaking the mechanism or significantly increasing penalty rates, European watchdog confirms only a ‘moderate’ increase will occur after considering industry feedback.
Eurex’s Home Market Settlement service for single stock derivatives demonstrated its success soon after launching on 23 September, evidenced by the trading volumes settled in its inaugural week. Volumes have since increased and are expected to rise as additional banks onboard to the service.
Confirmation and authorisation of the new CTPs is expected to be in Q4 next year, with go live dates anticipated to be in 2026.
Full gallery from The TRADE's Leaders in Trading New York 2024 awards from 19 November at Chelsea Piers.
SIX could withdraw from EuroCTP consortium following Aquis deal
EuroCTP was first announced in the third quarter of 2023 and is backed by 14 exchanges as its shareholders and would be competing with Aquis and Cboe’s own consolidated tape initiative.
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Episode 2: How Outsourced Trading Can Give You A Competitive Edge
The TRADE sits down with Amy Thorne, head of integrated trading solutions for EMEA at Northern Trust, to discuss the structure of its outsourced trading offering, the firm’s view on trading quality linked to outsourcing, and what the priorities are moving forward.
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The award recognises Royal’s significant contribution and longstanding service to the industry; presented at The TRADE’s inaugural US iteration of Leaders in Trading.
The capital is set to “optimise growth and expand trading opportunities”.
New Coalition Greenwich survey found that over the next year, 34% of respondents intend to increase their use of multi-dealer platforms (MDPs), while only 5% thought there would be a reduction.
Automating IPOs and block trades should be the industry’s main priority going forward, says the Investment Association (IA).
Over 150 industry participants are set to attend The TRADE’s inaugural Leaders in Trading New York ceremony at Chelsea Piers tonight.
The move complements the firm’s existing US equity and futures datasets.
The past week saw moves across regulation, TCA sales, and trade coverage.
Migration aligns with the UK’s proposed switch, with ESMA pointing to the efficiency and resiliency benefits of the move.
“It’s been a great honour to serve with [SEC staff], doing the people’s work, and ensuring that our capital markets remain the best in the world,” said Gary Gensler, chair of the US Securities and Exchange commission in a recent speech.
The TRADE sits down with Kate Finlayson, managing director and FICC market structure and liquidity strategy at JP Morgan, to discuss how the US election is set to change the status quo – assessing the changes in trading behaviours which occurred during and after the election, including the potential long-term impacts on the trading landscape and final rules to be conscious of in the years to come.
The potential for a move in the opposite direction towards shortened hours is not out of the question, suggested experts speaking at the LSEG equities day earlier this week.
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