New appointment previously held positions at Nasdaq, OMX Exchanges and E*TRADE Bank Denmark before taking on the global exchange head role at SIX and will succeed Jos Dijsselhof, who is set to step down after seven years.
New algo sits within the Liquidnet Dark sphere and features prioritised routing to venues with larger execution sizes.
Speaking at a closed roundtable on Tuesday, Erik Müller, chief executive of Eurex Clearing, described repo as “the oil in the wheels of financial markets”.
Developed in collaboration with European exchanges including Deutsche Börse, Euronext, SIX Swiss Exchange and Nasdaq OMX, the proposed standards seek to bolster the resilience, consistency and transparency of market operations.
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.
In celebration of The TRADE’s twentieth birthday, editor Annabel Smith rounds up the 20 greatest trading innovations of the last few decades, exploring the solutions that have overhauled and reimagined the processes that traders depend on day in and day out to execute in the 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 winner of the Industry Person of the Year Award 2024 will be decided by a live industry vote that will take place at Leaders in Trading on 7 November.
“PureStream on Nasdaq Europe will provide greater choice of trade execution mechanisms to our clients and help institutional investors navigate the European trading landscape,” said Nasdaq’s Nikolaj Kosakewitsch; launch is expected in Q1 2025.
Algorithmic Trading, Execution Management Systems, and Editors’ Choice Awards announced today with Buy-Side Awards set to follow later this week.