Truss Edge, a specialist technology and consulting business that supports the middle and back offices of fund managers, has made further improvements to its existing software architecture.
Trading & Execution
Citi has joined the ICE ETF Hub as an authorised participant. Citi was a founding member of the ICE ETF Hub advisory committee, providing early feedback on the design of the platform.
Italian investment bank Mediobanca recently became the first client to implement Bloomberg’s Direct Order Routing (DOR) solution for ETFs, enabling it to automate their trading process.
The Depository Trust & Clearing Corporation's (DTCC) National Securities Clearing Corporation (NSCC) subsidiary has received regulatory approval and begun implementing rule changes designed to enhance the consumption and distribution of the ETF Portfolio Composition File (PCF) process in support of regulatory changes calling for increased transparency for Exchange-Traded Funds (ETFs) under SEC Rule 6c-11.
Optiver has written a paper on the issue of Consolidated Tape, commenting that access to comprehensive and real-time market data by means of a Consolidated Tape of all transactions, is fundamental to the efficient functioning of capital markets.
Tradeweb Markets has launched an exchange-for-physical (EFP) based on the Cboe iBoxx iShares $ High Yield Corporate Bond Index Futures (IBHY) listed on the Cboe Futures Exchange (CFE). This new offering is available through the Dealerweb EFP platform.
Wells Fargo has become an authorised participant on Intercontinental Exchange's ICE ETF Hub and has joined the platform’s advisory committee.
Layer 1, an ultra-low latency solution, is now available to traders using Deutsche Börse’s Xetra platform.
Tickeron has launched an Intraday Pattern Feed for stocks and ETFs.
Tradeweb reports that the average daily volume was a record USD885.6 billion in February, an increase of 47.0 per cent year-over-year, with trading activity elevated as volatility increased in markets worldwide.