T+1 readiness gaining momentum across the UK with 95% of firms having begun preparations

The UK chancellor's Autumn Budget has been positively received by startups, as it introduces measures aimed at encouraging entrepreneurs to scale their businesses within the UK. This initiative addresses long-standing concerns regarding the support available for startups in the region.

Kepler Cheuvreux has appointed the head of execution from S14 Capital to a sales trading role as part of its KCx expansion strategy, with the individual set to be based in Paris. This move reflects the firm's commitment to enhancing its trading capabilities and expanding its operational footprint in the financial sector.

SIX has announced the acquisition of Baymarkets, an Oslo-based platform, aimed at modernizing its derivatives clearing operations and enhancing its post-trade capabilities. This strategic move is expected to strengthen SIX's position in the clearing business by integrating advanced technology and services from Baymarkets.

The UK government is urged to prioritize investments in digital skills and homegrown talent in its upcoming budget to ensure the continued growth of the AI sector. This focus is seen as essential for maintaining the UK's competitive edge in the global AI landscape.

A report by the National Foundation for Educational Research indicates that up to 3 million low-skilled jobs in the UK could be lost to automation and artificial intelligence by 2035, with trades, machine operations, and administrative roles being the most vulnerable.

BlackRock has partnered with AccessFintech to enhance post-trade connectivity between buy-side and sell-side firms, marking a significant step in improving operational efficiencies in the investment management sector. This collaboration also includes an investment from BlackRock to support AccessFintech's growth phase.

Marex has been appointed as the clearing firm for Singapore Exchange's (SGX) crypto perpetual futures, reflecting a growing demand for regulated crypto derivatives among institutional clients. This development highlights the increasing integration of cryptocurrency products into traditional financial markets.

The UK has launched the International Defence Esports Games (IDEG) in London, marking the world's first international esports competition specifically for military personnel. Over 40 allied nations, including Canada and Poland, are participating, although there is no mention of the US's involvement. This initiative follows the UK's decision to officially recognize esports as a military sport in 2024.