Alex Dalley, Cboe’s head of European cash equities, considers five trends he expects to dominate European market structure in 2025.

The TRADE sits down with TD Securities’ Carl Hayes, head of European cash equities, and James Baugh, managing director and head of European market structure, to discuss the integration of TD Execution Services Limited and Cowen Execution Services Limited, what they’re prioritising in 2025, key milestones, and what’s next for the firm.

The TRADE sits down with BestX to unpack their successful year, including innovations such as BestX for real-time execution analytics, Custodial Peer Pool for enhanced FX transparency, and the new fixed income and equity analytics, all driving better execution and market insights.

The TRADE sits down with JonesTrading to explore why outsourced trading is more than just an execution counterparty, highlighting its practical advantages, including: economies of scale, cost efficiency, transparency, growing investor adoption, and access to enhanced services.

Casey McElligott, head of US execution at Redburn Atlantic, speaks to The TRADE about the firm’s meteoric growth in 2024 and the growing importance of agency brokers.

Andy Mahoney, managing director, EMEA, FlexTrade Systems – winner of Outstanding Trading Technology Provider at Leaders in Trading 2024 – unpacks last year’s achievements and plans for growth in 2025.

The TRADE sits down with Will Fenna, retail broker & digital wealth lead for equity markets, London Stock Exchange Group (LSEG) to unpack the potential for increased retail participation, which asset classes are front of mind as development continues, and how the Group is working to facilitate increased access for the end user.

In a complex and challenging market environment, intra-day risk management is more important than ever. Cboe Data Vantage’s suite of real-time risk analytics and trading indicators, enable market participants to incorporate proven, sophisticated analytics into their internal trading and risk applications.

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.

Michael Rosen, global co-head of prime brokerage and outsourced trading at Marex, delves into the key themes across the outsourced trading landscape, discussing the impact of increasing globalisation, what the future holds for the space, and how Marex’s offering is evolving to meet these industry shifts.