HKEX to enhance post-trade systems to ready for T+1
New features are due to begin rolling out in mid-2025, with key upgrades set to include real-time data processing and real-time settlement instruction matching.
Trading Venues
Continued decline in lit volumes sees closing auctions and dark pools become more prevalent
Market share at the close continues to be high, averaging 25% of total liquidity in Q3, while dark volumes also showed increased activity this year, reaching around 11% of total trading volumes in the same period.
GFO-X names ABN AMRO Clearing, IMC, Standard Chartered Bank and Virtu Financial as strategic partners ahead of launch
Scheduled to launch in Q1 2025, GFO-X is the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives.
Aquis VWAP Match service set to go live in Q1
New service is an extension of the exchange’s conditional orders launched in February and will rival similar launches announced by competitors such as Cboe in recent months.
Nordic trade broker joins Equiduct
Danske Bank is the latest member to join Equiduct’s Apex, its commission-free service.
SIX’s BME unveils new dark pool
Named SpainAtMid, the new offering is set to make the trading of Spanish equities more attractive to the wider market.
Iress’ QuantHouse to offer real time Saudi Exchange data
London clients have begun using Saudi data as part of their expanding trading strategy, QuantHouse confirms.
SIX promotes its global exchange head to become CEO as Dijsselhof steps down
New appointment previously held positions at Nasdaq, OMX Exchanges and E*TRADE Bank Denmark before taking on the global exchange head role at SIX and will succeed Jos Dijsselhof, who is set to step down after seven years.
Liquidnet launches new equities liquidity seeking algorithm
New algo sits within the Liquidnet Dark sphere and features prioritised routing to venues with larger execution sizes.
Repo trading becoming an increasing priority for the buy-side
Speaking at a closed roundtable on Tuesday, Erik Müller, chief executive of Eurex Clearing, described repo as “the oil in the wheels of financial markets”.