Claudia Preece

London

Senior Reporter at The TRADE

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Articles

Instinet expands bilateral liquidity offering as part of BlockMatch venue rebrand

2 days ago | thetradenews.com | Claudia Preece

Instinet has moved to expand the liquidity aggregation capabilities on its BlockMatch venue as it looks to meet buy-side client demand for greater access to bilateral flow. The expansion comes as part of a strategic rebrand of its RFQ venue which will now be known as BlockMatch Select. Instinet’s BlockMatch venue will now include its Dark order book, Select RFQ order book and BlockMatch NT.
Thailand stock exchange and Nasdaq expand partnership

2 days ago | thetradenews.com | Claudia Preece

The Stock Exchange of Thailand (SET) has expanded its strategic partnership with Nasdaq in a bid to modernise the region’s capital markets ecosystem. Specifically, the stock exchange’s infrastructure will be enhanced by Nasdaq’s risk and surveillance technology, improving its market resilience, aligning with global standards, and leveraging Nasdaq’s AI capabilities. The move follows SET’s prior deployment of Nasdaq’s advanced surveillance and risk technology in February 2024.
FCA confirms pay for research model with joint payment option for fund managers

3 days ago | thetradenews.com | Claudia Preece

The UK’s financial conduct authority (FCA) has implemented new rules allowing fund managers to pay for research with a joint payment option. Previously, the FCA had introduced a joint payment option for Mifid firms (including those managing segregated investments) in 2023 – following recommendations from the UK ‘investment research review’ recommended several measures to improve the investment research market.
UBS fixed income head joins RBC as head of sales for global markets EMEA

1 week ago | thetradenews.com | Claudia Preece

Mark Tinworth has joined RBC Capital Markets as head of sales EMEA, global markets – a newly created role. London-based Tinworth most recently served as global head of fixed income trading at UBS. In the role, he oversaw rates and credit trading. He will report to Sian Hurrell, head of global sales and relationship management and head of capital markets Europe.
European Council excludes SFTs from T+1 requirement

1 week ago | thetradenews.com | Claudia Preece

The European Council has excluded securities financing transactions (SFTs) from the upcoming T+1 settlement requirement, marking a key change to the European Commission’s original proposal to shorten the standard securities settlement cycle. Under the proposal, the standard settlement cycle for transactions in transferable securities – such as shares and bonds traded on EU venues – would be shortened from T+2 to T+1.
An un-unified approach to expanding equities trading hours

1 week ago | thetradenews.com | Claudia Preece

Discussions around the want or need to expand trading hours for equities have been ongoing for several years, with varying levels of acceptance and subsequent action being taken across the globe. The more recent interest in this topic appears to have been garnered through existing use cases in asset classes such as the rapidly growing cryptocurrency landscape, which offers trading 24/7, including holidays.
Blackburn joins Liquidnet to head up global multi-asset offering

1 week ago | thetradenews.com | Claudia Preece

Chris Blackburn has joined Liquidnet as global head of multi-asset, three months after his departure from UBS. He began his new role on 28 April. Speaking to The TRADE about Blackburn’s appointment, Mark Govoni, chief executive of Liquidnet, said: “Trading desks within asset management are increasingly consolidating and evolving into multi-asset models. We’ve been on this journey alongside our clients, steadily expanding into new asset classes and geographies to meet their changing needs.
Cboe Global Markets names ex-CME chief as new CEO

1 week ago | thetradenews.com | Claudia Preece

Cboe Global Markets has appointed Craig Donohue as its chief executive officer, effective 7 May 2025. Donohue will also serve on Cboe’s board as part of the role. He succeeds Fredric Tomczyk in the role who is set to remain on the board of directors after stepping down as chief executive. “We are thrilled to welcome Craig to Cboe.
Coinbase Derivatives and Pico unveil collaboration

4 weeks ago | thetradenews.com | Claudia Preece

Coinbase Derivatives and Pico have established a collaboration aimed at enhancing trading infrastructure and connectivity. Through the “strategic relationship” Pico is set to leverage its deep industry expertise to boost Coinbase Derivatives’ connectivity infrastructure.
Industry engagement strong in Europe ahead of T+1 transition, finds survey

4 weeks ago | thetradenews.com | Chris Lemmon |Claudia Preece

Some 62% of global firms are now engaging on plans to prepare for the UK transition to T+1, a new industry survey has found. The ValueExchange report – led by the UK Accelerated Settlement Taskforce and sponsored by Euroclear, the Depository Trust & Clearing Corporation (DTCC) and several industry associations – found that the majority of the 550 organisations surveyed are beginning preparations to meet the guidelines set out by the taskforce’s implementation plan.