London--Nigel Foster, E-Crossnet’s CEO, says that his company could start to act for the investment community by speaking to brokers and vendors regarding electronic connectivity.
Foster says that for half of E-Crossnet’s clients, their link to E-Crossnet is the only part of their trading that is electronic. And of the crossing that takes place on the network, less than one-fifth comes from order management systems via FIX.
The rest is through Bloomberg via manual entry or spreadsheet upload.
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails