The companies, products and regulatory developments shaping the broker industry.
Flow Traders reduced a key first-half activity metric by more than 10% while saying net trading income was unchanged. The correction shows how internal trade-counting rules can alter apparent market share and productivity without changing earnings.
A supervisory review illustrates how fill notifications and denomination conventions can create major execution exposures, even when models pass ordinary simulation tests.
Institutional users gain deposits and loans alongside foreign exchange in a common request-for-quote interface, with straight-through reporting and no public transaction price.
Trumid’s new tool proposes a mixed execution strategy across individual bond line items instead of forcing a full list through a single trading protocol.
A UK wholesale-banking review describes concrete execution-control failures without naming the firms. It shows why broker risk checks must cover complete workflow interactions, not just individual algorithms.
The tool evaluates a bond list across execution protocols and estimates net proceeds, including whether mixed buys and sells work better together or as separate lists.
Tradeweb’s new municipal-bond workflow brings inventory into short sessions, with composite pricing and bulk upload tools for market participants.
LSEG reports a first deposits transaction through FXall and an expansion of treasury workflows, but makes no quantified claim about achieved deposit pricing.
The arrangement uses conventional equity ISINs and bilateral Clearstream settlement. Round-the-clock access does not mean the Xetra central orderbook runs 24/7.