Stablecoins could help ease the difficulties of fund managers outside the US completing their foreign exchange trades in time to meet the shorter settlement cycle for US securities that are being introduced in May. Nick Philpott, co-founder and head of partnerships at Zodia Markets, told Markets Media: “I have had lots of interest in using stablecoins for the move to T+1 as firms can see the utility in crypto.” The standard settlement cycle for most US broker-dealer transactions in securities will be reduced from two business days after a trade, T+2, to T+1 on 28 May 2024 in the US and on the ..read more

HQLAᵡ has successfully closed a Series C strategic investment round led by HSBC, with contribution from existing shareholders including BNP Paribas, BNY Mellon, Citigroup, Deutsche Börse Group, Goldman Sachs and J.P. Morgan. The funding will fuel the continued development and expansion of the HQLAX Distributed Ledger Technology (DLT) platform and support the growth of its client footprint. As part of HSBC’s investment, Jamie Anderson, Head of Collateral Treasury Trading at HSBC, will join HQLAX’s Board of Directors. Speaking on the appointment, Mr Anderson said: “Digital asset inno ..read more

Partnership underlines joint commitment to further progress digitisation of the financial markets Investment dedicated to accelerate DVS’s offering as a market infrastructure solution for the issuance and safekeeping of digital guarantees DVS’s Guarantee Vault to connect to Deutsche Börse’s digital post-trade platform D7 mid-term, broadening its digital asset service portfolio into the non-securities space Clearstream, Deutsche Börse’s post-trade business, intends to make an investment in Digital Vault Services (DVS), a pioneering fintech offering issuance and safekeeping services for digit ..read more

HKEX is launching the development of a proprietary derivatives platform to address rapidly evolving client needs New platform will give HKEX capability to offer near 24-hour derivatives trading, introduce new products and provide enhanced efficiency, elevating Group’s competitiveness as a global exchange ODP platform development ongoing; system migration will be carried out in phases to ensure smooth transition; market rollout expected in 2028 Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce the development of the Orion Derivatives Platform (ODP), offering enhance ..read more

Coinbase Derivatives has become the first CFTC-regulated exchange to offer margined Bitcoin Cash and Litecoin futures contracts, which launched earlier this month and are performing well. Bitcoin Cash and Litecoin contracts launched on April 1, with Dogecoin futures launching later this month. These contracts will be available for trading via our broker and FCM partners. Coinbase Derivatives’ primary goal in launching new crypto futures contracts is to create markets that offer retail traders diversification, price discovery, risk management, and margin. Since launching our futures contract ..read more

Intercontinental Exchange, a leading global provider of technology and data, announced record trading activity in Murban crude as ICE Futures Abu Dhabi (IFAD) marks its third anniversary. IFAD and ICE’s Murban futures market launched in March 2021 with the Abu Dhabi National Oil Company (ADNOC) and nine of the world’s largest energy traders as founding partners. In the first quarter of 2024, ICE’s Murban futures market hit record traded volume of over 1.1 million contracts and in March reached record average daily volume of 21,454 contracts, up 152% year-over-year (y/y). On April 15, 2024, Mu ..read more

New paper identifies unreported segment of liquidity in European equity markets Addressing this gap would present a much more accurate and appealing market environment for those seeking to invest and raise capital in Europe  AMSTERDAM and LONDON – A new paper published today by FIA European Principal Traders Association identifies an entire segment of equity activity in both EU and UK markets that is currently unreported. Consequently, European share trading volumes are perceived by the market, including global investors and issuers, as be ..read more

Merlin Rajah, Head of Equities Electronic Product at Absa Corporate and Investment Banking believes that technological integration is key to allowing the world to access Africa’s trading market – helping to break down barriers to entry and unlock important investment opportunities. Merlin Rajah Historically, Africa has been perceived as a continent brimming with untapped potential. Yet in recent years, significant strides in technology, infrastructure, and regulatory frameworks have propelled it into the spotlight of international financial markets. Today, Africa stands at the intersection of ..read more

Exegy, ING and Optiver further broaden Sustainable Trading’s diverse membership London, 18 April 2024 – Exegy, a global provider of real-time trading technology, ING, a global financial institution, and Optiver, a global market maker, are the latest organisations to join Sustainable Trading, the non-profit organisation dedicated to transforming Environmental, Social, and Governance (ESG) practices in the global markets trading industry. They join a prestigious global membership network of investment managers, banks, brokers, exchanges, trading platforms and service providers committed ..read more

QuantHouse selects BMLL to complement real-time data services with historical order book data Joint offering to empower buy-side trading strategies, accelerate time to insights and time to market. Enables asset managers and hedge funds to backtest trading strategies and move into production with new ease and speed. Iress today announced that its QuantHouse division has entered into a global partnership with BMLL, a leading, independent provider of harmonised, Level 3, 2 and 1 historical data and analytics for the global equity and futures markets. The partnership will bring together Qua ..read more