Former AQR global trading head launches independent algo trading platform Industry veteran and former global head of trading at hedge fund AQR Capital Management, Hitesh Mittal, has confirmed the launch of a new algorithmic trading platform via his company BestEx Research. The end-to-end, multi-asset global trading platform includes execution algorithms and broker-neutral transaction cost analysis (TCA), with agency broker Abel […]

Goldman Sachs, JP Morgan and Jane Street join MEMX venture as launch date is set Soon-to-launch member-owned US equities exchange MEMX has confirmed that Goldman Sachs, JP Morgan and Jane Street Capital are now on board as investors, as it reveals plan to go live on 24 July this year. MEMX (Members Exchange) will begin onboarding trading members later this […]

Societe Generale and LBBW execute electronic Eurex/I basis swap trade with Wematch Web-based matching and negotiation platform Wematch has facilitated a Eurex/I basis swap transaction, marking the first electronic execution for this type of derivatives trade. Wematch said the Eurex/I basis swap was carried out between Societe Generale and Landesbank Baden-Württemberg (LBBW) on its platform via a tool that aims […]

Colombia, Chile and Peru stock exchanges mull merger The national stock exchanges of Colombia, Chile and Peru are conducting early-stage analysis looking into the viability of consolidating their infrastructures and/or services. According to statements published in Spanish in January, the boards of all three exchanges – the Santiago Stock Exchange, the Lima Stock Exchange and the Colombia Stock Exchange– have […]

ICE teams up with BlackRock Aladdin for automated portfolio trading US exchange group, ICE has integrated its fixed-income trading platform with the BlackRock Aladdin investment operations system to offer the buy-side automated portfolio trading protocols. The connection with BlackRock Aladdin wants to&provide investment firms with access to the ICE Bonds Portfolio Auction, an execution tool that allows participants to auction […]