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.
Trading & Execution
Intercontinental Exchange (ICE), an operator of global exchanges and clearing houses and provider of data and listings services, has launched two key enhancements for its ICE ETF Hub platform: FIX connectivity and multi-order functionality.
Truss Edge's Safari STP platform has been updated to include a number of new features providing trade entry and tax exporting functionality for ETF managers.
Fidelity Investments has launched real-time fractional shares trading of stocks and ETFs –also known as dollar-based investing.
Market maker Old Mission has obtained a brokerage license modification for its Old Mission Markets’ subsidiary from Financial Industry Regulatory Authority, which will enable Old Mission Markets to begin offering trading services directly to buy-side institutions and ETF issuers later this year, complementing the firm’s existing market making business conducted through the Old Mission Capital broker-dealer.
Horizon Software partners with US independent broker dealer Wolverine Execution Services for market connectivity
Horizon Software (Horizon), a provider of electronic trading solutions and algorithmic technology, has integrated its algo-trading platform with Wolverine Execution Services, a provider of technology and execution services.
Tradeweb: Best ETF Platform – Electronic platform trading provider Tradeweb launched its US ETF platform in 2016 after a lengthy period of consulting with existing European ETF customers as well as US fixed income clients.
New York City’s Nasdaq exchange launched in 1971, bringing electronic trading to the world, and there are some old photos on their website of what HiTech looked like, back when HiFi was a new thing and WiFi was a long way off in the future.
French-based global electronic trading software provider Horizon is expanding its services in the ETF industry from equities, to fixed income and commodities.
Offering front to back real time support for European ETFs, including the range set up by LGIM, is keeping Truss Edge’s chief strategy officer Dave Shastri very busy.