Nasdaq unveils custom basket forwards solution
Move comes as investors increasingly seek customised equity exposures that mirror their respective stock portfolios.
Move comes as investors increasingly seek customised equity exposures that mirror their respective stock portfolios.
Individual is currently executive vice president and president of European markets at Nasdaq; Roland Chai, current executive vice president of marketplace technology at Nasdaq will take over his role from next year.
Research of 300 post-trade experts including custodians and brokers shows that legacy technology and regulation prevent financial institutions from capturing growth opportunities.
The joint venture (JV) participants include: BME, Deutsche Boerse Group, Euronext, Luxembourg Stock Exchange, and Nasdaq.
The regulator has ordered FINRA and SROs associated with Cboe, Nasdaq, and NYSE to work jointly in creating a new plan.
As the Securities and Exchange Commission undergoes its biggest equities shake up in 18 years to bolster best execution, Wesley Bray explores what the changes could mean for institutional investors.
The new system is set to be rolled-out in gradual phases to avoid negatively impacting the market according to the businesses.
The upgrades aim to provide a live view of risk across proprietary and client trading portfolios; adds fixed income securities to its remit.
Incoming head has strong ESG credentials; joins from Nasdaq in New York. Former roles include chief product officer at Preqin, along with 12 years with S&P Global.
Expected to move operations to the cloud by the end of 2024, BEC said the development will meet the evolving requirements of its growing business and client base.