Trading Venues

Counting down from seven to four of the most read news stories on The TRADE over the past year, featuring Citadel, Millennium and more.

Market onlookers from RBC, Bank of America Securities, Cboe Europe, and Stifel delve into the market structure changes at the fore of the industry’s mind, unpacking how the role of trading venues will become increasingly important for market participants throughout 2025 and beyond.

Users will gain greater flexibility in generating analytics for around 2.9 million fixed income securities with data from the last 20 years.

Participants across TD Securities, Comgest, OpenGamma, Six Swiss Exchange and XTX Markets explore the changing liquidity landscape unpacking the increasing dominance of new players, fragmentation and navigating the macro landscape.

OptimX has launched actionable liquidity through the Aquis Matching Pool.

New features are due to begin rolling out in mid-2025, with key upgrades set to include real-time data processing and real-time settlement instruction matching.

Market share at the close continues to be high, averaging 25% of total liquidity in Q3, while dark volumes also showed increased activity this year, reaching around 11% of total trading volumes in the same period.

Scheduled to launch in Q1 2025, GFO-X is the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives.

Danske Bank is the latest member to join Equiduct’s Apex, its commission-free service.