BNY Mellon names Gibbons as permanent CEO
The appointment marks the culmination of Gibbons’ 34-year career at BNY Mellon, where he has held many of its most-senior roles.
News
Exchanges warn of damaging impact of short selling ban
A damning statement from the World Federation of Exchanges warns that restrictions on short selling will impact price formation in volatile markets.
Jefferies CFO Peg Broadbent dies from coronavirus complications
Longstanding financial chief at Jefferies and industry veteran Peg Broadbent died following complications with coronavirus.
RBC joins LCH RepoClear as clearing member
Royal Bank of Canada and its Channel Islands subsidiary have joined LCH RepoClear as clearing members.
Buy-Side
Leveling up
As a new decade begins, Chris Hall looks at how the role of the buy- and sell-side trader has evolved since the flash crash of 2010, and finds that while the buy-side has levelled up with brokers, progression has not always been smooth.
The TRADE Talks Podcast: Home is work and work is home
The second episode of The TRADE Talks podcast was produced from the comfort of editorial team's homes, with special guest Barnaby Nelson, chief executive of the Value Exchange, who discusses the surprising results of the Grey Costs per Trade survey.
Buy-side call for markets to remain open in letter to FCA and BoE
The Investment Association has written to the FCA and the Bank of England to confirm that asset managers want markets to remain open despite coronavirus volatility.
XTX Markets commits £20 million to charities fighting coronavirus
Market maker XTX Markets is the latest firm to give funding to global coronavirus relief efforts.
Industry calls on regulators to postpone initial margin timeline amid coronavirus pandemic
ISDA and 20 other trade associations have written to regulators to delay the execution of initial margin requirements due to the coronavirus pandemic.
ABN Amro confirms $200 million hit from client’s failed margin call
A client could not meet margin calls on US options and futures trades, forcing ABN Amro to close-out the position and take a $200 million loss.