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Prime broker Hidden Roads subsidiary, Hidden Road Partners CIV US LLC has been granted approval by the Financial Industry Regulation Authority (FINRA) to operate as a FINRA-member broker-dealer. Read more: Ripple becomes first crypto business to own a global multi-asset prime broker as it picks up Hidden Road for $1.25
Capital markets technology provider Trading Technologies (TT) has moved to enhance its institutional clients visibility and agility in the equities markets with the launch of a new broker ranking system. The system is based on trade data compiled by Abel Noser Solutions which TT acquired in 2023.
According to the study, 78% of buy-side equity traders predict that this area will see the most benefits, with 61% also foreseeing impacts on venue selection, and 50% on broker and strategy choices.
Data, price sharing and workflow solutions provider MDX Technology (MDXT) has launched a new customisable broker screen solution. The new broker screen builds on MDXT’s existing Connect platform, which offers tailored features that can help brokers better navigate competitive markets.
Single-stock trading and program trading in US equities are becoming increasingly interlinked, as advances in algorithmic trading blur the lines between the two. Between workflow innovation and good old-fashion inflation, the definition of program trading itself is now in flux. constituents.
Global electronic broker Interactive Brokers has added European stock options and European index futures and options through Cboe Europe Derivatives (CEDX). Interactive Brokers’ clients will have access to more than 300 stock options, through CEDX, based on European cominies from 14 countries and European equity index derivatives.
TD Securities has appointed Rob Fallon as director of sales trading, based in Dublin. Fallon joins the firm from Deutsche Numis, where he spent the last two years, most recently serving as director of sales trading. The post TD Securities taps Deutsche Numis for new director of sales trading appeared first on The TRADE.
Interactive Brokers has become the first SFC-licensed securities broker to receive approval to allow retail clients to trade cryptocurrencies in Hong Kong. Interactive Brokers launched cryptocurrency trading in Hong Kong with the first SFC-licensed digital asset trading platform in Hong Kong, OSL Digital Securities.
Cboe Europe Derivatives (CEDX) has welcomed Interactive Brokers as a participant, providing its clients with access to CEDX’s equity index derivatives and equity options this quarter. The post Interactive Brokers joins Cboe Europe Derivatives as new trading participant appeared first on The TRADE.
Institutional broker dealer Susquehanna International Securities has appointed Matt Coupe to its fixed income trading team. In his new role, Coupe will be responsible for working with market participants to help them “capture unique opportunities” on securities trading platforms.
Interactive Brokers is set to provide HSBC with a new trading solution aimed at providing comprehensive, single platform to trade assets in the UAE. Clients can trade via both a mobile app or online platform, with additional markets expected to be added.
Trade and investment between the Middle East and Asia-Pacific (APAC) regions is booming, underpinned by restored bilateral relations between Saudi Arabia and Iran—brokered by China—and renewed economic growth potential. Meanwhile, the West’s separation from Russia has arguably pushed Eastern regions to become more cooperative.
Over half (54%) of buy-side respondents say that getting proper coverage from their brokers is one of their biggest pain points in their daily equity trading workflow, a new report from Coalition Greenwich has found. A quarter said they prefer a one-touch/hybrid coverage model, while 26% said it depends on the broker.
In the dynamic realm of the financial markets, the introduction of technology has proven to be a catalyst for transformative change, overhauling existing trading strategies. Among the wide range of advancements, algorithmic trading has revolutionised how financial instruments are bought and sold.
Deutsche Brse Xetra has further expanded its retail offering with a new ETF trading service. Transaction fees for retail executions have been reduced by Xetra, subject to the investor’s bank or broker participating in the service. The service applies to all Xetra trading in equities, ETFs and ETPs.
Almost two thirds (63%) of buy-side equity market participants believe outsourced desks would result in improved execution quality and trade performance when trading across regions, according to new research from Coalition Greenwich. This figure was up markedly from similar research in 2020, which had the result at 5%.
We need to take a step back and look at today’s trading desk. By dissecting a trading desk into its functions, processes, and tasks, it becomes clear that 80% or more can be successfully automated with today’s technology – and that figure is just for the front-office, potentially even higher in the middle- and back-office.
The potential for both positive and negative surprises is higher, which can lead to reversals in trend and gappy trading before and after the opening and closing bells of trading. BlackRock (BLK) , Interactive Brokers (IBKR) and Netflix (NFLX) are all strong stocks at interesting inflection points. It can be a minefield.
FXCM’s institutional arm FXCM Pro has entered a liquidity bridging partnership with Tools for Brokers (TFB), an international provider of technology for retail brokers, prop trading companies and hedge funds. Brokers are also provided with data analysis and improved risk management through one user interface.
In February 2025, Cboe Global Markets announced it would move its trading hours for US equities to a 24-hour model for five days a week , in response to a growing demand for expanded hours in the asset class. The post Cboe Europe to launch EBBO retail trading solution appeared first on The TRADE.
We expect a continued shift of trading activity to more traditional, regulated exchanges and venues. In November, CME overtook Binance as the leading exchange from an open interest perspective on the bitcoin futures contract. The post The TRADE predictions series 2024: Digital assets appeared first on The TRADE.
Stifel and Marex have unveiled a new prime brokerage referral partnership which will allow Stifel’s clients to access Marex’s trading and execution services. As part of the partnership, Marex’s institutional clients will receive access to Stifel’s research, banking, and corporate access offerings.
More than three quarters of surveyed prop trading firms confirmed said volatility trading strategies had out-performed other markets last year, according to a new report from Acuiti. Around a third of surveyed firms which are not currently trading volatility products confirmed their intention to do so going forward.
to cover previously exempt proprietary trading firms. The move to increase the number of broker dealer firms registering with FINRA comes as the commission aims to promote fair, orderly, and more efficient markets. Today [23 August], many broker-dealers conduct significant cross-exchange or off-exchange activity.
Valley Stream, New York-based Alba Wheels Up is a provider of customs brokerage, freight forwarding, trade compliance and other logistics services. The post Southfield Capital-backed Alba Wheels Up buys customs broker V.T. Mancusi appeared first on PE Hub.
The watchdog also charged the bank with “failing to supervise” the head of its US Treasuries trading desk who allegedly made “hundreds” of illegal trades over that period. Mark Cave, associate director in the SEC’s division of enforcement, said: “Manipulative and deceptive trading undermines the integrity of our markets.
Kepler Cheuvreux Execution Services (KCx) has gone live as a broker on Bloomberg Tradebook’s PAIR solution. The move will enable traders to execute multi-currency pair trades with KCx, navigating arbitrage strategies with better precision and efficiency.
Trading volumes executed electronically by equity investors increased last year, accelerating the evolution of the US stock trading business into an increasingly complex, technologically driven market structure. The post E-trading platforms experienced increased share of US equity trading volume in 2023 appeared first on The TRADE.
TMX Group has launched a new US-based alternative trading system (ATS) venue, designed to create a trading environment with enhanced execution quality. The ATS will trade US-listed securities only (Reg NMS), with TMX Group adding that participants will be FINRA-registered broker dealers.
Elina Pedersen Specifically, BlockFills will serve as a liquidity provider to brokers on the Your Bourse platform, while BlockFills’ network of liquidity providers has been expanded and diversified through the move. The post Your Bourse integrates BlockFills to enhance liquidity for brokers appeared first on The TRADE.
European retail brokers are expected to target growth in institutional markets alongside expanding into listed derivatives if restrictions on contract for difference (CFD) markets continue to gain traction, a study by Acuiti in partnership with ION has found. For incumbent institutional firms this provides an opportunity.
Broker-dealer Bruce Markets’ Alternative Trading System (ATS) offering has announced a new strategic investment round, led by leading industry players including Fidelity Investments, Nasdaq Ventures, and Robinhood. The raised capital is set to go towards Bruce Markets’ development of its overnight trading platform.
Fixed income broker-dealer Millennium Advisors has appointed Dylan Blair managing director and global head of US dollar credit trading as the business continues its expansion efforts. Speaking to The TRADE, Blair said: “ Fixed income trading is in a period of significant structural change.
Société Générale has become the first prime broker to tap DTCC’s CTM’s new automated tri-party trade matching workflow as the industry prepares for the heightened focus on meeting global accelerated settlement requirements. Right from the start we were excited to be part of the initiative.
OTC Markets has set out plans to launch a new overnight US dollar trading offering in the coming months in a bid to expand accessibility to the over-the-counter markets. Overnight trading takes place after market close and prior to the next day’s market open.
Liquidity management service provider OptimX Markets has partnered with BMO Capital Markets to bring the firm’s institutional algorithmic trading flow to institutional buy-side trading desks in European markets. BMO will now offer a range of trading opportunities tailored to their institutional client base through OptimX.
You don’t want to see it [your trade] popping up on Twitter,” one market structure specialist told Coalition Greenwich. However, Continental Europe saw an increase in high-touch usage by the same margin, with e-trading on the up and 45% of their flow expected to be through algos.
The evolution of the FX swaps market is at an important turning point, with many participants looking to electronify and optimise what has traditionally been traded on an RFQ or RFS basis, as well as demanding much greater price transparency. As As the FX swaps market grows, we expect to see regional banks trade more FX swaps.
Pan-European trading venue for securities Spectrum Markets has welcomed Baader Bank as a new trading member. Nicky Maan Baader Bank has been trading securities for over four decades, offering its partners and institutional investors access to capital markets through integrated trading platforms.
Today’s markets remain volatile and complex for buy-side traders to navigate,” said Alan Polo, head of sales and trading, Americas, at Liquidnet. “Although many algorithms in the market boast exceptional performance, the reality is that an algorithm’s effectiveness depends entirely on the quality of the liquidity it can reach.
As equity traders continue to seek ever more innovative ways to bolster their offerings, the rise of Alternative Trading Systems (ATSs) has followed – currently executing around 16% of all US equity volume. Speaking to the motivators, one surveyed sell-side head asserted: “The buy side wants to see us trading there.
Liquidity providers on OptimX will also benefit from greater trading opportunities offered by money managers on Charles Rivers network, OptimX confirmed. Our integration with OptimX provides clients with a differentiated source of liquidity across trade size and complexity, improving productivity across their front-office.
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