The European Commission is tabling the implementation of a more US-centric market structure with regards to how orders are routed, in one of a range of suggestions aimed at improving the integration and efficiency of EU…
The US equity options market continues to grow, fuelled by macroeconomic uncertainty, market volatility and increased investor demand. As with any electronic market, understanding microstructure and execution dynamics i…
Repurchase agreements, commonly known as repos, are short-term borrowing tools in government securities markets. A dealer sells securities, agreeing to buy them back at a higher price soon after. This transaction helps …
The deal creates a leading pan-European exchange innovator with an aggregated 15% market share and access to 16 capital markets across Europe. By combining Aquis’ innovative technology with the multi-asset class service…
In today’s data-driven world, even the smallest market insights can make a difference. With this in mind, TradingView is introducing its latest data expansion — Japanese government bond (JGB) futures from the Osaka Exch…
FTX was one of the world’s largest and most trusted cryptocurrency exchanges, valued at over $32 billion at its peak. Its rapid collapse shocked the financial world after massive mismanagement and misuse of customer fun…
Optiver, IMC Trading, Jump Trading Group, XTX Markets and ABN AMRO Clearing Bank have invested in A5X, a new Brazilian derivatives exchange which is set to begin operations by 2026.
█ Diving Into Dark Pools In recent years, dark pools have become a significant part of the financial markets, offering an alternative trading venue for institutional traders. But what exactly are dark pools, and how do …
Changes in credit markets since the pandemic have had an important influence on monetary policy transmission. Lower bank funding costs relative to the cash rate, narrower lending rate spreads, and increased business cre…
For the better part of a century, gold price discovery has been London’s domain. A handful of banks. Mostly paper contracts. A time zone already deep into its afternoon when Asia’s trading day begins.
The U.S. Securities and Exchange Commission (SEC) delivered a landmark decision on September 30, 2025, formally approving the Texas Stock Exchange (TXSE). This pivotal move greenlights the creation of a new national sec…
The Colombo Stock Exchange (CSE) of Sri Lanka has announced its decision to shorten its current settlement cycle from T+3 to T+2 for all equity transactions, a move aimed at aligning with international standards.
The need for high-quality, extensive market data coverage is increasing, given markets’ complexity and interconnectedness. Market data coverage quality can be examined across the following dimensions: breadth, depth, gr…
Nowhere are the markets changing so rapidly as in fixed income, the asset class that sits at the foundation of the financial system. And nowhere do asset owners and investors need more help to come out ahead.
Legislative amendments to MIFIR (Updated MiFIR) and MIFID (Updated MiFID) have been published in the Official Journal. The texts were introduced by the European Commission in November 2021 (see our briefing here). The m…
The First-tier Tribunal’s (FTT) decision in HMRC v Professional Game Match Officials Ltd [2026] UKFTT 654 (TC) (PGMOL) sits within a long line of employment status cases.
The global financial landscape in the first quarter of 2024 is defined by a striking divergence. On one side, international equity markets are experiencing a concentrated, AI-driven technology rally alongside massive ca…
JPMorgan JPM is expected to pay $100 million to the U.S. Commodity Futures Trading Commission (“CFTC”) to settle claims related to trade reporting lapses. The news was reported by Reuters, citing a source with direct kn…
As he steps back from his role as CEO at CBOE Canada, the avowed change-maker highlights the issues he thinks stakeholders in Canadian capital markets need to address
The separation between traditional Wall Street finance and digital asset markets has officially dissolved. Following months of intense speculation, political maneuvering, and technical delays, the Securities and Exchang…
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