big xyt enters equities consolidated tape race
The launch of the first selection for the equity consolidated tape provider (CTP) is set for June 2025.
Asset Classes
CME and Google move to reinforce processes as reality of 24/7 trading looms
CME Group and Google Cloud are focused on facilitating “significant efficiencies” as the industry hones in on round-the-clock trading; direct testing with market participants is planned for later this year.
TransFICC supports National Australia Bank’s Yieldbroker migration to rebranded Tradeweb Australia
The service from TransFICC was used to improve connectivity and manage migration to the new platform, which Tradeweb acquired in 2023.
StoneX adds investment banking capabilities with acquisition of The Benchmark Company
Move is set to enhance equity research and investment banking; acquisition subject to regulatory approval.
FIA Tech adds block trading capabilities to brokerage settlement platform
Expanded service aims to deliver “much needed” automation to the large and fragmented segment of futures and options trading.
Nasdaq to launch 24-hour trading for US equities
The exchange aligns with Cboe Global Markets and the New York Stock Exchange, who have also announced plans to extend trading hours for US equities on their respective platforms.
TP ICAP adds Coinhako to cryptoasset exchange as trading counterpart
Coinhako will also integrate with TP ICAP’s Fusion Digital Assets, helping to facilitate risk exchange and increase liquidity.
CME Group to launch Solana futures in March
The SOL futures will be cash-settled and based on the CME CF Solana-dollar reference rate.
CME Group and DTCC expand cross-margining arrangement
The move aims to help users access capital efficiencies available when trading US Treasury securities and CME Group interest rate futures that have offsetting risk exposures.
MUFG former head of CEEMEA trading and sales joins Novate Global Markets
Individual has previously served at: Credit Agricole CIB, Standard Bank, and Mitsubishi UFJ Securities.