The TRADE

DECEMBER 15, 2023

There was a recent case regarding short selling, where we had a certain interpretation of the short selling rule, commonly accepted among market participants, and we consulted with our brokers and the regulators to check that they agreed with that interpretation. The problem with that approach is that it tends to alienate.

Broker

The TRADE

JANUARY 23, 2024

Interdealer broker BGC Group has received approval from the Commodity Futures Trading Commission (CFTC) for its FMX Futures Exchange to operate as an exchange for US Treasury and SOFR futures. Since our launch, Fenics UST has grown rapidly, reaching 25 percent market share during the third quarter of 2023, up from 18 percent only a year ago.

Trading

The TRADE

JUNE 22, 2023

Named Alert+, the upgraded workflow solution allows users to immediately elect to route residual share quantities not filled on POSIT Alert to be executed in the dark via Virtu’s Covert algorithm. Prior to Alert+, clients would send an order in of a number of shares and we would execute what we could and send any residual back.

Trading

The TRADE

MAY 24, 2024

That is something that the mid and smaller brokers can access relative to the bulge bracket who don’t really see that as an important USP for the business right now. We all know it is very cheap and easy to trade electronically but you’re not necessarily fulfilling your liquidity obligations.

Bulge Bracket

How2Exit

MARCH 23, 2023

This fear is especially relevant in businesses that sell electronic devices, such as charging stations, that must be updated or remodeled regularly. There are many brokers out there who may be more interested in getting a listing fee than helping the entrepreneur maximize their value.

M&A

The TRADE

FEBRUARY 14, 2024

JSE’s main competitor, A2X, went live in October 2017, offering an alternative trading venue for the secondary listing and trading of shares. Elsewhere, the Cape Town Stock Exchange (CTSE) caters to small to medium -sized businesses, licensed to issue both equity and debt. There needs to be [an even] playing field where everybody can do it.

Trading

The TRADE

JANUARY 5, 2024

The main point is to make sure that the information that is shared following an outage is relevant to the audience it is being sent to, which requires a bit of thought and is something that firms should be focusing on as they start to grapple with these kinds of problems.  The industry as a whole has come together to work on this.

Trading

The TRADE

OCTOBER 27, 2023

One of the key reasons Singapore is an attractive market is it’s pretty well positioned, as it shares the same time zone as Hong Kong,” Gerard Walsh, global head of capital markets client solutions at Northern Trust, told The TRADE.

Trading

The TRADE

OCTOBER 26, 2023

This, he says, is done by encouraging more electronic trading volumes either through getting electronic VCONS coming back to traders or through full straight through processing (STP). “I This makes some electronic and algorithmic methods of trading more of a market disruptor, the team explain. “A

Trading

The TRADE

AUGUST 1, 2023

The firm focused on expanding the reach of electronic trading and providing market participants an alternative model. The business was launched by industry veteran and founder of blockchain consortium R3, David Rutter , in a bid to digitise the traditional corporate bond market.

Trading

The TRADE

OCTOBER 2, 2024

Electronic trading capabilities have led to a major shift away from voice trading, and this has changed the role that counterparties play when they work together. We view this as a complement to broker led avenues of liquidity, not as a replacement.” Enhancements seen on the buy-side have lent themselves to more automation on the desk.

Trading

The TRADE

APRIL 25, 2024

However, despite this, Joe Collery, head of trading at Comgest endorsed a measured approach whilst speaking at TradeTech earlier this week.

Trading

The TRADE

AUGUST 1, 2023

The US banks have grown in market share and importance and we’ve seen some changes amongst the regional players over that period,” adds Molavi. “We’ve We’ve seen market share consolidate to fewer players and I think we’ve been a big beneficiary of that theme.”

Equities

The TRADE

APRIL 17, 2024

We want our brokers to be able to accept receiving pre-allocations for these orders. Second, you should allocate most orders to the best performing brokers, while others should receive sufficient orders to determine which broker performs best in the next period.” In the past you would pick up the phone.

Trading

Sun Acquisitions

AUGUST 22, 2024

For example, an electronics manufacturer acquiring a firm with a strong presence in Asia can benefit from the region’s robust supply chain infrastructure. Additionally, horizontal integration can lead to the sharing of best practices and resources, further enhancing supply chain resilience.

M&A

The TRADE

AUGUST 21, 2023

Previous rules meant that the minimum tick size would be applicable to shares in accordance with the adjusted average daily number of transactions on the most liquid market in the EU. Certainly, there will be a lot of burden on broker dealers to adjust their routing and adding venues, but it’s not incredibly impactful.”

Equities

Sun Acquisitions

MARCH 26, 2024

The premise is straightforward: when a sign manufacturing company merges with or acquires another business, with the advice of an industry knowledgeable M & A advisor, it is not just buying assets or market share, but it is also integrating a supply chain that could be more resilient than its own.

M&A

The TRADE

MAY 23, 2024

It is rare, for example, that you’ll find an asset manager worrying about the good of the market or how an order might influence the primary lit market share, over whether or not they have achieved the optimal outcome for their portfolio manager and end investor. They’re built for slightly different purposes.”

Trading

The TRADE

JANUARY 31, 2024

Having joined the desk in 2020, Geekie is a key facet of the team – a regular at industry events, recognising the value of keeping up relationships with exchanges, brokers and liquidity providers in order to deliver only the best outcomes for BlackRock’s clients. At the same time, the regulatory landscape will continue to evolve.

Equities

Focus Investment Banking

JANUARY 18, 2024

Sometimes people don't realize they need a broker. Industry Expertise and Insights: Can you share your perspective on the current trends and challenges in the automotive aftermarket and collision industry? Then high-end electronics. I understand the pain of selling your business, the emotional ups and downs of it.

Sale

The TRADE

JULY 17, 2024

The more we can build in house with people like Jennifer leading the way, the less reliant we are on broker provided data,” says senior RLAM equity trader Chris Hughes. Instead, they favour electronic methods to find mid-point block liquidity. There’s no point me buying 27 shares and moving it a penny. That’s the nirvana.

Asset Management

Software Equity Group

AUGUST 20, 2024

This trend goes beyond simply acquiring market share; it creates a win-win scenario for both parties. They may be weighing whether an acquisition will more efficiently help consolidate market share and reduce their competitive set, add on to or improve their product offerings, or extend into new product types or verticals.

Investment

The TRADE

JANUARY 18, 2024

Following the announcement from MIAX last October about plans to launch a new US options electronic exchange and physical trading floor, The TRADE wanted to delve into why open outcry has persisted and the potential for a quiet resurgence of the dying practice. There’s often much, much more liquidity behind those on-screen prices.

Trading

The TRADE

OCTOBER 24, 2024

In years gone by, buy-side firms have placed orders via a sell-side broker to be traded on exchange. However, DMA is the process of directly connecting electronically to an exchange in order to trade on exchange securities without using a broker or intermediary.

Trading

CNBC: Investing

JULY 22, 2025

" the firm's CEO said on CNBC's " Halftime Report " on Tuesday, referring to Interactive Brokers. Shares of the electronic broker are up more than 40% in 2025, as investors have grown optimistic on the company's exposure to a wide range of currencies and strong trading volumes seen this year.

Stock

The TRADE

APRIL 3, 2025

When a client sends an order to a GS algo, we are providing proprietary real-time data points back to the client’s EMS, giving them greater transparency and control of their orders, Alex Harman, managing director, head of EMEA electronic and program trading at Goldman Sachs, tells The TRADE.

Trading

Lake Country Advisors

NOVEMBER 26, 2024

Overview of the Manufacturing Industry Landscape The manufacturing sector spans various vital industries, from automotive to electronics, food production, and more. Many business brokers view manufacturing businesses as valuable assets for investors.

Manufacturing

The TRADE

DECEMBER 19, 2024

Hayley McDowell, EU equity electronic sales trader and market structure consultant, RBC In 2025, we will see momentum in European dark trading continue to build. We expect more of the neo-brokers that have fostered retail participation in the US to make their way to Europe in 2025. What does this mean for the buy-side?

Trading

The TRADE

DECEMBER 12, 2024

Its this new growth among other areas that has attracted notable attention from the industry and sparked new offerings from the more traditional players looking to preserve their market share. The liquidity provision workflow can be a useful tool, especially given the recent record lows of lit liquidity.

Book-building

The TRADE

MAY 22, 2025

They may be in new instruments or enhancing our electronic capabilities. Clearly every market is different but having a global remit allows us to share and apply learnings to different challenges and markets consistently. The team share the ethos that proactivity is essential to the success of a trader.

Trading

Focus Investment Banking

FEBRUARY 13, 2025

And it’s, it’s funny, but as we get going, you know, when we start sharing more and more knowledge, they’re like, Oh my God, I can’t believe I was doing what I was doing. We share a lot of things together. And then we have, you know, our own real estate commercial broker. They, they just lived with that.

IT