Jo says the SEC’s Treasuries-focused regulatory agenda will come to fruition next year, and tech vendors will face the burden of those proposals.
The FCA is in the middle of a tug of war over the definition of a trading venue. Will it diverge in a bid to present itself as a competitive market internationally or align with its EU partners?
The Ion competitor is looking for better control, lower latency, and improved redundancy.
With the rise of APIs, it’s easier than ever for companies to position themselves as open to collaboration and eager to provide access, but some of these access points tell a different story under the hood.
Exchange group looks northward in global expansion drive with completion of three trading system acquisitions
A look at some of the key people moves from this week, including Shannon Johnston (pictured), who joins Deutsche Börse as chair of the supervisory board's technology committee.
Some industry participants are worried that proposed amendments to Regulation ATS could see the trading perimeter expanded to include a wide array of messaging systems.
A summary of the latest financial technology news.
Costly delays to launch of exchange sees backers slash headcount
In 2020, Cboe Global Markets acquired three businesses in rapid succession. Two years later, the tech stack integrations are complete, and the now-combined entities make up the majority of the exchange’s rebranded Risk and Market Analytics Group.
Market participants and industry groups are challenging the UK government’s approach to a competitive framework for the consolidated tape.
Firms worry that regulating a broader net of firms could unravel progress in fixed income electronification and raise costs for market participants
US regulator’s mammoth January proposal has something in it for most US trading systems, but Jo suspects it will be the definitions of exchanges that hit the hardest.
Litigation preview: What will the big exchanges argue in a court case to reverse the SEC’s initiatives?
As the industry awaits upcoming EC proposals, some firms are voicing concerns that mandating multiple CTPs could create fresh problems around data fragmentation and connectivity costs.
The Swiss exchange is using the vendor's data and analytics to provide insight to brokers around Swiss EBBO liquidity.
Industry participants are divided over the definition of a trading venue and how regulators should revise the regulatory framework.
Jo ponders some of the important pieces of the regulator’s National Market System modernization that remain obscure.
The decision to shutter the service is another blow to the industry and the business case of reg reporting under SFTR.
A look at some of the key "people moves" from this week, including Paul Flanagan (pictured), who joins Theta as strategic sales advisor.
Anthony examines a proposed protocol in Europe that would help keep liquidity flowing if there’s a major exchange outage. He also discusses innovation in the realm of ESG, and Esma’s new data analytics platform.
A transatlantic group of researchers has examined a treasure trove of market data to see whether or not high-frequency trading is a necessary component of today’s market structure. The answer is largely ‘yes,’ but with caveats.
Anthony explains why he thinks ESG will play a major role in the anticipated market data consolidation that’s to come. He also looks at moves made by some exchanges to cut out the data vendor middleman.
Migration to stock exchange’s tech platform aims to deliver faster speeds and more order types.