UBS shakes up execution services management team structure
UBS is making a sweep of appointments following the completion of its Credit Suisse merger.
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TS Imagine and Cassini Systems announce partnership as firms seek to increase market share in the hedge fund and prime brokerage space
Strategic partnership will allow TS Imagine’s users to benefit from Cassini Systems’ intelligent analytics across OTC and ETD products, The TRADE can reveal.
Bloomberg tackles all-to-all information leakage with launch of new anonymous liquidity discovery capabilities
Named Bridge AXE the new tool will expand users’ ability to anonymously publish trading interests; follows the launch of Bloomberg’s all-to-all platform in Q2 2022.
Marex to acquire Cowen’s prime brokerage and outsourced trading business from TD
Back in June, TD Bank Group and Cowen had announced that the prime brokerage and outsourced trading businesses were parting ways just months after the deal was completed, seeking a more ‘strategically and geographically aligned’ partner.
Tourmaline undergoes hiring surge as part of European expansion
New additions have previously served at Mariana Capital, GFI Group, Citi, Liquidnet, Goldman Sachs, ConvergEx Group, and RBS.
Plato and SL Tools to bring block trading to the Brazilian securities market
The move follows the Brazilian Securities Commission ruling last year to allow block trading for the first time.
Is the use of axes set to usurp the status quo in fixed income?
With growing use cases of axes, The TRADE speaks to market participants about the increase in demand for them in fixed income and what sort of data users are looking for.
Cboe launches new sweep order types to bolster liquidity targeting for traders
Effective from today, the new sweep order types will allow participants to access the dark, periodic auction and lit order books without the need to submit multiple orders.
Wavelabs to offer modular version of eLiSA EMS AI-based analytics tools to traders
Traders using EMSs from other vendors will now have access to eLiSA’s analytics in modular format including its artificial intelligence based fair value calculator for bonds.
Candriam restructures trading globally to expand high touch capabilities
Move follows the merging of the asset manager’s legal entities in France, Belgium and London last year; Edouard Petitcollot will lead the organisation as global head of trading.