MarketAxess Holdings, the operator of a global electronic trading platform for fixed-income securities, and the provider of market data and post-trade services, has been approved by the Monetary Authority of Singapore (MAS) to operate as a Recognised Market Operator (RMO).
Trading & Execution
ETF data firm ULTUMUS and Horizon Software have partnered in a deal designed to improve ETF trading efficiencies and result in traders having a single point for analysing and executing ETF trades.
Tradeweb reports that trading activity on the Tradeweb European-listed ETF marketplace reached a record-breaking EUR17.744 billion in May, narrowly beating the platform’s previous strongest performance in March 2017.
Pan-European exchange group Euronext has launched Euronext Fund Service Paris, which draws on its experience with Euronext Fund Service in Amsterdam.
Winterflood Business Services (WBS), has launched its fractional share dealing service, designed to trade and hold ETFs to four decimal places.
The firm writes that this service enables online investment services, robo-advisers, platforms, discretionary fund managers and financial advisers to fully invest into ETFs and ensure these instruments can be used effectively through model portfolios of all sizes.
Benjamin Fussien (pictured), Head of ETFs & Funds, Euronext writes that it's been another good year for Euronext and its ETF offering.
The February 2017 average daily transaction value on the Euronext cash order book stood at EUR7,065 million, down 17.7 per cent compared to February 2016 and up 9.4 per cent from the previous month.
Nasdaq and Borse Dubai have signed an agreement to bolster the technological infrastructure of Dubai’s stock exchanges, Dubai Financial Market (DFM) and Nasdaq Dubai, and improve post-trade practices.
BTIG’s Global Portfolio and ETF Trading Group has released a new benchmark market on close algorithm within its suite of portfolio trading strategies.