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.
Trading & Execution
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.
Electronic marketplace Tradeweb Markets Inc and Europe’s largest equities clearing house EuroCCP have announced a strategic collaboration to facilitate central counterparty clearing for European ETFs.
Tradeweb Markets, a global operator of electronic marketplaces for rates, credit, equities and money markets, and equities clearing house EuroCCP are partnering to facilitate central counterparty clearing for European Exchange Traded Funds (ETFs).
The European Energy Exchange (EEX) intends to merge Powernext activities into EEX on 1 January 2020, subject to the required approvals.
BNY Mellon has launched extended dealing hours for Irish Undertakings for Collective Investment in Transferable Securities (UCITS) ETFs to support the distribution of these products globally.
“With such a visible shift of assets into passive strategies, it is inevitable that the ECB and regulators view the growth of the ETF industry with some concern,” says Federico Cupelli (pictured), senior regulatory policy adviser at EFAMA.
TD Ameritrade has made 10 additional securities available in its 24/5 trading offering, which now totals 24 products, allow clients broader exposure to markets during the overnight trading session.
Tradeweb enjoyed record-breaking activity across products in 2018, and exchange-traded funds were no exception. Notional volume executed in European ETFs reached EUR251.5 billion, an increase of 52 per cent over 2017, while activity in US ETFs grew by 94 per cent up to USD106.9 billion.