Officials at the London Stock Exchange (LSE) unveiled plans to launch a 24/5 trading venue, known as London Stock Exchange 24 (LSE 24), that will support digital, algorithmic, and agentic trading, officials say. “LSE 24 is designed to support near-continuous trading from Monday to Friday, giving global investors greater flexibility to respond to market events,… Read More >>
FinTech Brief: IPC Taps Smartoptics for NY Metro Clients
IPC Systems, a provider of communications and multi-cloud connectivity solutions for securities trading, has selected Smartoptics, a provider of optical networking solutions, in order to meet the demand of New York metropolitan area clients engaged in high-performance algorithmic trading, officials say. The Smartoptics solutions provide low latency connectivity for electronic trading overseen by algorithms. “In… Read More >>
Fund Fees Fell in 2022 & Other News
Investors Fled to Low-Cost Funds: Morningstar Investors paid less in fund fees last year mostly because they went for low-cost funds, according to Morningstar’s U.S. Fund Fee Study, an annual review. “Asset-weighted fund fees fell to 0.37 percent in 2022 from 0.40 percent in 2021. This might not sound like much, but it amounted… Read More >>
Musings on the New Ops Normal to Come
The global pandemic lockdown has given most of us a time-out that allows us to step back and reconsider a variety of situations. My mind went to scenarios for securities operations, and here are some of my musings on what-if scenarios that could pave the way for permanent changes, once we get to a new, safer… Read More >>
Report: Electronic Trading for Fixed Income Poses Settlement, Clearing Risks
A new study has found that while electronic and algorithmic trading in fixed income markets are delivering many benefits, they also may create new settlement and clearing risks, and put a strain on liquidity conditions. These findings are from a study group established a year ago by the Markets Committee of the Bank for International… Read More >>
Maybank Kim Eng Unifies Asian Trading via New Platform
The investment banking and equities trading units of Maybank Kim Eng have gone live with a new order management and execution platform intended to help the firm unify its regional trading support and bolster global growth, according to bank officials. Maybank Kim Eng is using trading technology from vendor Fidessa, and went live in November… Read More >>
CFTC Targets the Op Risk of High-Speed Trading
The CFTC last week unanimously proposed new rules to cut risks related to high-speed trading via the algorithms used by designated contract markets (DCMs). Some analysts say the rules will give the regulator more tools to deal with this key aspect of derivatives trading. However, others caution that the regulator should not put forth rules… Read More >>
