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1 week ago | 
thetradenews.com | Claudia Preece
Royal Bank of Canada (RBC) has joined UK clearinghouse LCH CDSClear as a clearing member. The bank joins CDSClear as a market maker in both European and US indices. LCH CDSClear expanded its client clearing services to US credit derivatives participants in 2024. This latest development follows on from RBC and its Channel Islands subsidiary joining LCH RepoClear as clearing members in 2020, with the move at the time offering RBC additional financing liquidity to support its European client activity.
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1 week ago | 
thetradenews.com | Claudia Preece
Hidden Road has launched digital asset swap capabilities for the US, expanding its suite of prime brokerage solutions. The firm is also set to offer various cross-margining and financing services in digital assets as a result of this update. Specifically, the OTC swaps offering is available from the Group’s FCA-regulated entity, Hidden Road Partners CIV UK.
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1 week ago | 
thetradenews.com | Claudia Preece
Euronext has confirmed that it is set to introduce Auction Volume Discovery (AVD) order type for equities later this year. The move comes off the back of increased demand for liquidity at auctions according to the trading venue, aimed at facilitating additional liquidity which is currently untapped during auction periods for clients.
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1 week ago | 
thetradenews.com | Claudia Preece
Rakuten Securities has confirmed its investment in 24X, the holding company currently developing the 24X National Exchange set to offer trading of US securities after-hours from Sunday to Thursday. The US Securities and Exchange Commission (SEC) approved 24X – the first round-the-clock exchange – in November 2024, dependent on amendments.
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1 week ago | 
thetradenews.com | Claudia Preece
Do you see the lack of harmonisation of systems and platforms as a key pain point for the buy-side? In the rapidly evolving landscape of 2025, the lack of harmonisation among systems and platforms has emerged as a significant pain point for the buy-side. As businesses demand more from their systems to achieve scale and operational efficiency, the absence of harmonisation becomes increasingly problematic.
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2 weeks ago | 
thetradenews.com | Claudia Preece
The Philippine Stock Exchange (PSE) and Nasdaq have announced an expansion of their technology partnership. Specifically, PSE is set to upgrade its trading infrastructure to Nasdaq Eqlipse Trading. The trading platform allows market operators to incorporate functionalities including: pre-trade risk, advanced options pricing, and index calculations.
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2 weeks ago | 
thetradenews.com | Claudia Preece
UBS is set to be the first international broker to trade on South Africa’s A2X Markets this quarter. “We are delighted to welcome UBS […] their sophisticated algorithm suite will connect to A2X, enabling them to leverage all available markets in South Africa while accessing our additional liquidity and functionality,” said Kevin Brady, chief executive of A2X Markets.It has been confirmed that UBS will trade across all 175 securities listed on A2X.
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2 weeks ago | 
thetradenews.com | Claudia Preece
Fidelity International, inaugural winner of The TRADE’s Foreign Exchange Trading Desk of the Year Award 2024 was – and continues to be – recognised across the street for its thriving work across the global FX space. When it comes to what has contributed to the desk’s success story, Nigell Todd, head of global FX trading at Fidelity, asserts that the individuality of those who make up the team is key, pointing to the importance of not just pulling your weight, but also knowing what that weight is.
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2 weeks ago | 
thetradenews.com | Claudia Preece
Things are now back up and running following a global outage of the Bloomberg Terminal on the morning of 21 May, The TRADE understands. The outage affected the fixed income space in particular, with bond deals delayed. Give the huge amount of new issuances today the outage was particularly badly timed, one trader tells The TRADE.
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2 weeks ago | 
thetradenews.com | Claudia Preece
Citi has made three key hires in its Australian markets business, and one senior promotion as it looks to grow its offering in the region. Andrew Bruce has been named director and head of low touch execution, having most recently served as an executive director the global equities team at JP Morgan. Joining from Jefferies, where he served as head of sales trading, is Christian Ford who has been appointed director, equities high touch execution.
