Ex-RBC head of US credit sales joins MarketAxess as North American head of client sales
New appointment previously served at RBC for six years and also spent more than a decade at Bank of America Merrill Lynch.
News
SGX FX partners with Rand Merchant Bank to enhance opportunities for South African Rand trading
With Rand Merchant Bank as the newest liquidity provider on SGX FX, traders will benefit from a selection of neutral mid, inventory skewed USDZAR spot FX Electronic Spot Pricing (ESP), Request for Streams (RFS) and access to FX forwards and swaps through RFS.
From The TRADE’s Research Desk: A tale of two algo strategies
While algo usage continues its rise across the buy-side, Claudia Preece delves into the latest results from The TRADE’s Algorithmic Trading Survey which found that while almost half of traders elect five or more providers, almost a third use just one, demonstrating a notable difference in key schools of thought – is the answer loyalty or diversification?
Buy-Side
Conscious usage of TCA: Making trade analytics more actionable
With data becoming unavoidably vital to the trading desk, Wesley Bray explores how traders are delving past traditional TCA and collaborating with data scientists on the desk to help gain a deeper understanding of market dynamics, in order to make better informed trading decisions.
DWS Group senior equity trader to re-join sell-side in Bankhaus Metzler sales trading role
Departing trader originally joined DWS Investments in 2008 as a senior equity trader having previously served at UBS Investment Bank for 12 years.
BNY Mellon combines market offerings through Global Markets Trading integration
The integrated service will improve client experience, increase optionality, and execution choice as well as offering clients improved access to BNY Mellon’s global markets and execution enterprise, the firm said.
Sri Lanka to cut settlement cycle from T+3 to T+2 in June
As the US SEC prepares to implement T+1 in less than two weeks, the Colombo Stock Exchange aligns with numerous other markets by shortening its settlement cycle.
Increased adoption of EMSs in fixed income expected over the next 12 months despite the pain points associated with new trading technology
“Factors including cost and quantifiable return on investment (ROI) still hinder traders who are considering the adoption of new trading technology,” however sentiment towards e-trading is increasingly positive, says Coalition Greenwich.
OTC Markets to launch overnight US dollar trading
New offering is the first of its kind in the over-the-counter markets; is aimed at expanding accessibility following demand from clients.
ION’s LIST connects FastTrade electronic trading system to the Luxembourg Stock Exchange
Development will enable clients deploying FastTrade to benefit from an expanded connectivity base, with all functionalities made available to clients wanting to access LuxSE.