Wesley Bray

Migration aligns with the UK's proposed switch, with ESMA pointing to the efficiency and resiliency benefits of the move.

The past week saw moves across regulation, TCA sales, and trade coverage.

New Coalition Greenwich survey found that over the next year, 34% of respondents intend to increase their use of multi-dealer platforms (MDPs), while only 5% thought there would be a reduction.

Over 150 industry leaders gathered at Chelsea Piers in New York to celebrate their achievements throughout the year.

Full gallery from The TRADE's Leaders in Trading New York 2024 awards from 20 November at Chelsea Piers.

Confirmation and authorisation of the new CTPs is expected to be in Q4 next year, with go live dates anticipated to be in 2026.

The product will be available from 2 December; exclusively listed and traded on Cboe Options Exchange.

New proposed rules address the Commission's new requirements for including margin in the broker-dealer reserve formulas, as well as highlighting the similarities between the Agent Clearing Service and other agent clearing models.

The development aims to offer sell-side clients simplified integration and connectivity to LTX, reduced operational risk and implementation costs, and improved time-to-market.

New appointment previously served as part of Morgan Stanley's emerging markets cross asset sales team.