The transitional period ended on 31 December with no relief for European Union (EU) firms on the derivatives trading obligation (DTO) from the European Commission (EC) and only limited adjustments from the United Kingdom (UK).
Choices for FX traders have been between the simplicity of exchange traded options and the flexibility of OTC options with a gap between the two. CME have provided listed options for some time, but have moved to decrease or eliminate the differences to bring the best of both worlds.
Euronext has entered into a binding agreement with London Stock Exchange Group to acquire 100% of Borsa Italiana Group for €4.3 billion.
This purchase significantly enhances the scale of Euronext, diversifies its business mix into new asset classes and strengthens its post-trade activities.
The transaction is conditional upon the divestment of the Borsa Italiana Group (or a material part), which is a condition of the European Commission's clearance decision for LSEG's proposed acquisition of Refinitiv.
UBS Group is experimenting with virtual reality headsets to simulate the trading floor, according to the Financial Times. Microsoft HoloLens headsets are being tested by the bank.
At a time when COVID cases are increasing, banks are struggling to bring their employees back into a trading environment, and are looking at alternative technology solutions.
"If people really can't come to the office, can we create a virtual presence?...We are thinking about experimenting with the tools that are out there," Beatriz Martin, head of UBS in the UK head, is cited as saying.
The FICC Markets Standards Board (FMSB) has today published a Spotlight Review looking at the challenges in measuring quality of trade execution and how this varies across different market participants and segments.
On September 1st, Credit Suisse International started trading on SIX, which now has 94 trading participants.
"We are happy to welcome our new member and wish...(them).. successful trading on the Swiss Stock Exchange," said Gregor Braun, Head Sales Switzerland & Europe.
Trading participants on the SIX gain access to over 46,000 securities, including Equities, Bonds, ETFs, ETPs, Sponsored Funds and Structured Products.
TradingScreen and Imagine Software have enhanced their long-standing partnership to deliver a trading solution to the buy-side. The partnership combines TradingScreen's EOMS and Imagine's real-time, cross-asset position management, risk analytics, and regulatory compliance platform.
There’s no slowing down the banking industry’s mandated transition to Interbank Offered Rate (IBOR) replacements. Despite the many difficulties posed by ongoing public health and economic concerns, many banks still expect to complete their IBOR replacement projects by the deadline of year-end 2021. Their progress would be fine — if that were the only deadline.
Luminex Trading & Analytics LLC, a buy side-owned trading venue for block executions, has hired industry veteran Ilisa Gruber as a sales and relationship manager.
Based in Chicago, Gruber will oversee Luminex's relationships with top clients among its more than 200 buy-side, institutional investors.
In the latest development in the IBOR transition, on the weekend of July 25th, we saw the major CCPs perform the much-anticipated Euro discounting and price alignment transition from using EONIA to EuroSTR (a.k.a. €STR) for all Euro OTC interest rate products.