Citadel Taps Morgan Stanley for Credit Trader
Citadel has hired Antonia von Specht, a former Morgan Stanley vice‑president, as a credit trader in its London office. Von Specht brings nearly ten years of European credit sales experience, including a focus on German and Nordic markets. In parallel, Commerzbank re‑appointed Vadim Nechaev as a structured credit trader in London, returning after stints at Morgan Stanley and BNP Paribas CIB. Both moves highlight intensified competition for seasoned credit talent across hedge funds and banks.
Liontrust Strikes £7.6 Million Deal to Acquire River Global’s Asset Management Arm
Liontrust announced a £7.6 million share‑based acquisition of River Global’s asset‑management arm, slated to close by 31 August 2026. The deal will bring River Global’s long‑only equity strategies—including UK, Indian and global funds—into Liontrust’s portfolio and expand its client base. If the European...
European Watchdog Has Eye on Tokenisation as Adoption Set to Soar
Europe’s securities regulator, ESMA, warned that while tokenisation promises faster settlement and automation, it also introduces operational and technological risks such as smart‑contract vulnerabilities and wallet security issues. The watchdog’s latest risk‑monitoring report highlighted the technology’s growing relevance, noting forecasts...
SEC and CFTC Sign MoU as Watchdogs Look to End ‘Regulatory Turf Wars’
The SEC and CFTC have signed a Memorandum of Understanding to end decades‑long regulatory turf wars and launch a Joint Harmonisation Initiative. The agreement targets a fit‑for‑purpose framework for crypto, dual‑registered trading venues, modernised clearing, and streamlined trade‑data reporting. By...
Almost Half of Traditional Derivatives Exchanges ‘Considering’ Prediction Markets
Research by Connamara Technologies and Acuiti shows that 47% of traditional derivatives exchanges are actively considering launching prediction markets, though only 5% have made a firm commitment. Respondents identified market‑design complexity, system integration, and post‑trade settlement as the top technical...
Nasdaq European Trading Venues to Connect to Boerse Stuttgart Group Settlement Platform
Nasdaq announced a strategic partnership with Boerse Stuttgart Group to connect its European trading venues to the Seturion tokenised settlement platform. The collaboration will enable tokenised securities to settle via a distributed‑ledger infrastructure while preserving MiFID II and the EU DLT...
Market Data Costs – the New Market Structure Battleground
At the FIX EMEA Trading Conference, industry leaders debated the impact of new transparency rules that require exchanges to disclose market‑data margins. The disclosures are prompting a restructuring of pricing models, which many smaller firms fear will raise operational costs....
STG Group Launches New Market Maker
STG Group has launched STG Securities, a new broker‑dealer division that will act as an electronic market maker, building on the firm’s systematic and quantitative trading expertise. The launch follows the 2024 acquisition of Automated Volatility Trading, bolstering STG’s options...
LSEG to Upgrade Australian Securities Exchange’s Derivatives Trading Platform
London Stock Exchange Group (LSEG) has signed an agreement with the Australian Securities Exchange (ASX) to upgrade the ASX 24 derivatives trading platform. The partnership will embed LSEG’s Markets Technology, delivering a high‑performance, low‑latency system with greater resilience and lower...
Bloomberg Enhances Real-Time News Feeds Offerings with Customisable Capabilities for Trading and Risk Workflows
Bloomberg has upgraded its real‑time news feeds by introducing tickerised, machine‑readable streams that can be customized by instrument, company or macro theme. The new service embeds proprietary sentiment models and granular metadata, delivering actionable signals directly into trading and risk‑management...
Trading Technologies to Offer Direct Connectivity to India’s National Stock Exchange
Trading Technologies International will launch direct, co‑located connectivity to India’s National Stock Exchange, giving institutional clients full access to NSE liquidity and advanced algorithms such as Autospreader and Algo Design Lab. Simultaneously, TP ICAP is converting its Fusion Digital Assets crypto...
IEX Head of Cross Asset Product Joins Kraken to Lead Global Derivatives
John Palmer, former IEX head of cross‑asset product, has been hired by Kraken as global head of derivatives, bringing extensive experience from IEX, Cboe and Goldman Sachs. His appointment follows Kraken’s recent acquisition of an FCA MTF license to launch...
Optiver and Virtu-Backed Optimal Market Technologies Options Execution Platform Launches
Optimal Market Technologies has launched a US listed options execution platform backed by Optiver, Virtu Financial, Akuna Capital and BSC Ventures. The FINRA‑approved broker‑dealer expects commercial availability later in Q1, initially serving retail options wholesalers, institutional broker‑dealers and large asset...
‘The Days of the Single Black Swan Are Gone’
At the JSE SA Trade Connect conference, market leaders warned that volatility is no longer a rare "black swan" but a persistent flock of shocks. Alicia Greenwood highlighted the exchange’s push to fuse disparate data sources, enabling faster interpretation and...
TRADE Talks: Prescient Investment Management’s Cheree Dyers
Prescient Investment Management’s Cheree Dyers argues that digital assets and tokenised instruments can boost capital efficiency and settlement speed, but only if they dovetail with existing custody, clearing and regulatory frameworks. She highlights that faster, near‑real‑time settlement reduces counter‑party exposure,...