Former BrokerTec business development head joins Wematch.live as global head of fixed income
Incoming appointment previously held positions at Brevan Howard spinout SigTech and CME Group’s BrokerTec.
European task force calls for coordinated approach between the EU, Switzerland and the UK on T+1
Following the reveal of the UK’s T+1 plans, European task force says alignment of dates across the continent will reduce the complexity of implementation projects for firms active across multiple jurisdictions.
FIS acquires post-trade platform Torstone Technology
Upstart fintech gains a major partner having built up its SaaS post-trade platform over the past 13 years, as FIS continues to bolster capital markets tech offering.
Invesco’s global head of fixed income trading departs for OEMS provider Adroit
Fixed income specialist had been with Invesco for over seven years after also serving at RBC, UBS Investment Bank, and Merrill Lynch.
Regulation
European Council and Parliament reach milestone Mifid compromise on consolidated tape and PFOF
Thursday’s agreement establishes a consolidated tape across asset classes and enforces general ban on payment for order flow with temporary member state exemptions.
M&A
Deutsche Bank to acquire Numis for £410 million
The all-cash transaction follows the shuttering of Numis’ low touch electronic trading business announced last week.
TradeTech 2023: ‘I’ll take my data raw and messy’ say asset managers as AI and new tools render the future of data ‘exciting’
During a panel discussion on gaining the data edge asset managers found the future of data provision through new tools, alternative sources and artificial intelligence to be very exciting.
LSE appoints financial services veteran as group head for data and analytics
Executive joins with 28 years of experience across organisations including Deutsche Bank, Citi and HSBC.
M&A
LIVE: Updates from the UBS takeover of Credit Suisse and market implications
Updates as UBS holds analyst call, central banks from around the world issue statements and details of the merger come to light.
UBS agrees landmark takeover of Credit Suisse after intervention from Swiss authorities
Banks both confirm the deal after Swiss National Bank announced the takeover was to “protect the Swiss economy” in an “exceptional situation” during a weekend to remember in the financial services space.