David Schwimmer, chief executive of London Stock Exchange Group, said the potential sale of Borsa Italiana group will significantly contribute to addressing the European Union’s competition concerns about its purchase o…
European banks and buy-side firms will be able to trade certain EU-listed stocks on UK-based platforms post-Brexit, in a move that will ease some concern for market participants.
Relations between London and Brussels have been better. While Brexit dominates the headlines, another cross-channel development has recently captured the attention of financial institutions. It concerns the the London S…
While European authorities try to push more trading back onto stock exchanges, which have entered a period of consolidation, US regulators are angling for a more competitive exchange landscape and several new exchanges …
The number of Bitcoin whales has approached the level seen in September 2017, when Bitcoin moved toward its all-time high around $20,000. The indicator has been rising steadily since the start of the year, suggesting th…
This piece was originally published in March 2020. It has been updated to reflect ongoing developments. Jeffrey Cheng, Tyler Powell, and David Skidmore contributed to earlier versions.
It’s that time of year. Many of you, like us, have interns and new hires joining the desk and needing to learn all about markets for the first time. So we decided to put together an “Intern’s Guide to the Galaxy” to hel…
US broker and clearing firm INTL FCStone has confirmed it will rebrand to become StoneX Group shortly after completing its acquisition of online trading services provider GAIN Capital.
UK based FX and CFDs broker CMC Markets has announced the Australia launch of its new Prime Derivatives platform, an advanced trading system providing institutional and professional partners in Australia with enhanced a…
For two years in a row, Europe’s largest stock-market listings have taken place in Amsterdam, which has beguiled companies with a deep pool of international investors and corporate governance norms that tilt in favour o…
Virtu Financial has unveiled a new data-as-a-service platform via its brokerage and analytics division that provides access to multi-asset market data to subscribers.
NYSE’s Designated Market Makers (DMMs) are marketed as a way to intervene in trading, especially on volatile days, to absorb imbalances and to reduce volatility. Data shows that in reality, NYSE DMMs and floor brokers s…
Spreads across digital asset exchanges soared during March as anxiety gripped global markets, according to data compiled by cryptocurrency over-the-counter trading firm B2C2.
With exchanges' physical trading floors empty amid concerns over the spread of the novel coronavirus, some on Wall Street are asking if they should keep their doors closed for good.
As global equity indices execute consecutive trading halts and interbank liquidity pools face severe structural blockages, we conduct an operational audit of the distributed routing networks and digital collateral chann…
As titans gird for battle over institutional crypto trading in Hong Kong, one startup is attempting to break through on the strength of its backers’ expertise, rather than any existing franchise.
According to recent statistics published by Tabb Group, that honor goes largely to the group of four traditional pro rata options exchanges. On average, they bested their newer, time-priority rivals in four categories t…
FX markets for the currencies of emerging market economies grew more rapidly than those for major currencies between 2016 and 2019, rising from 19% to almost 25% of global turnover. At the same time, these currencies at…
The 2019 Triennial Survey shows that trade execution has undergone rapid change, with more diverse participants, new technologies and increasing complexity. Electronification advanced the fastest in dealer-to-customer t…
There are also key regulatory changes expected in relation to market integrity and data, buy-side and retail topics, and digitalisation and DLT. In this article, we explore the upcoming milestones for 2026 and look ahea…
For years, buyside traders have complained – quite fairly – that dark pool trading rules and activity are far too opaque. In response to this criticism and to the numerous regulatory actions taken against dark pool oper…