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Nasdaq Continues to Build Out Always-On Market Infrastructure with LeveL Markets Acquisition
Nasdaq has agreed to acquire LeveL Markets, operator of one of the largest alternative trading systems (ATSs) for US equities, as part of a broader strategy to build infrastructure for increasingly continuous markets, spanning traditional exchanges, alternative liquidity venues and emerging digital and tokenised assets. The acquisition, announced this week, will bring LeveL’s institutional execution…
AI is Redrawing “Build vs. Buy” for Trading Desk Models
By Rohan Douglas, CEO of Quantifi Solutions. As technology, and AI in particular, continues to evolve and reshape the finance industry, trading desks are reconsidering how they source, maintain and extend their risk, pricing and analytics model libraries. Historically, this has often been framed as a build-versus-buy decision. Do you develop and maintain your own…
FutureSports and NHL Announce Exclusive Deal to Launch Performance Index Futures
Independent index administrator FutureSports has entered into an exclusive agreement with the National Hockey League (NHL) to receive official, real-time statistics. FutureSports will use the play-by-play data to create rules-based benchmark indexes known as CME FutureSports Performance Indexes (FSPI), tailored to measure the cumulative performance of NHL teams and individual players. Subject to regulatory approval,…
Bloomberg Expands Electronic Trading for Australian-Listed ETFs
Bloomberg has expanded its electronic trading capabilities in Australian markets following a rule variation amendment by the Australian Securities and Investments Commission (ASIC). Eligible onshore participants can now electronically negotiate Australian-listed exchange-traded funds (ETFs), alongside options and futures, using Bloomberg’s Request-for-Quote (RFQe) workflow. The first transaction utilising this new workflow has already taken place. The…
Flow Traders Selects CoreWeave as Primary Cloud Platform for AI Division
CoreWeave, Inc. has been selected by global liquidity provider Flow Traders as the primary AI cloud platform provider for its AI and deep learning division. Under the agreement, Flow Traders will migrate its high-intensity foundation model training workloads to CoreWeave Cloud. The decision followed a competitive evaluation that highlighted CoreWeave’s multi-node performance, technical support, and…
OneChronos Brings Combinatorial Matching to European Equities
Periodic auctions came to Europe as an answer to the speed race. They are now routine. Several operators run them, and randomised auction lengths and speed-neutral matching have become standard rather than special. A venue arriving today has to say what it does that the others do not. OneChronos, which began production trading on its…
From Water to Wine: Deploying AI as the multiplier for the value of unstructured data
With unstructured data now estimated to account for 80-90% of all information generated within financial institutions, it’s imperative for firms to find ways of harnessing its value. The universe of data types spans the familiar as well as the unusual, making onboarding and integrating these data sources a significant challenge. Key to success is structure….
CME Group and FutureSports Partner to Launch Sports Performance Index Futures
CME Group and independent index administrator FutureSports have formed a long-term partnership to list futures and options on FutureSports Performance Indexes (FSPI). The cash-settled monthly and quarterly contracts, scheduled to begin trading this summer subject to regulatory approval, will transform official team and athlete statistics into rules-based, continuously priced financial benchmarks. The new products aim…
Buy or Build? Trade Surveillance Software’s Oldest Question Has New Stakes
By Nolan Schiff, Chief Solutions Officer, Eventus. It’s a question nearly as old as enterprise software itself: should you pay a vendor to deliver your technology, or dedicate internal resources to building and maintaining it yourself? For trade surveillance, it’s a decision that requires weighing cost against control, performance against customization and the speed of…
Liquidnet Expands Latin America Equities Offering in Brazil and Mexico
Agency execution specialist Liquidnet has announced the expansion of its Latin America equities offering, improving trading capabilities and liquidity access for institutional investors in Brazil and Mexico. The enhanced service allows institutional asset managers to source large-scale block liquidity while simultaneously executing algorithmic strategies across broader public markets. This integrated approach is designed to help…