Entering the Capital Markets Awards

Geographic Levels Awarded at: Global and regional

Eligible Global Entrants: All exchanges

Eligible Regional Entrants: Exchanges with operations in the relevant region

Assessment Criteria

• Examples of new or enhanced products and services
• Examples of new or enhanced asset class coverage (equities, debt, ETFs, derivatives, digital assets)
• Data evidencing improved trading platform performance (speed, capacity, resilience)
• Examples of new or enhanced execution capabilities (speed, efficiency and quality)
• Examples of new or enhanced market data services
• Examples of new or enhanced technology
• Data evidencing year-on-year analysis of on-book vs off-book exchange activity
• Data evidencing year-on-year analysis of lit vs dark volume activity
• Examples of improvements made to access to, and quality of, liquidity
• Data evidencing improved trading venue performance:

- Setting percentage
- Exclusive presence at the EBBO
- Presence at the EBBO
- Contribution (size) to the EBBO
- Average spread
- Average resting time
- Average time to fill

• Volume of transactions
• Number of transactions
• New investors coded

Geographic Levels Awarded at: Global and regional

Eligible Global Entrants: All exchanges

Eligible Regional Entrants: Exchanges with operations in the relevant region

Assessment Criteria:

• Examples of new or enhanced technology and digital infrastructure
• Examples of new acquisitions or mergers, or organic expansion into new areas
• Examples of new or enhanced digital assets development and infrastructure
• Examples of new or enhanced market data/analytics solutions or services
• Examples of new or enhanced liquidity solutions
• Examples of new or enhanced trading tools and workflow solutions

Geographic Levels Awarded at: Global and regional

Eligible Global Entrants: All exchanges

Eligible Regional Entrants: Exchanges with operations in...