Goldman Sachs European equity trading head says the bank will adopt AI models more broadly across its equities trading division following investment.
An analysis from TABB Group has found dark trading volumes are the highest since MiFID II was introduced, despite summer slowdown.
Morgan Stanley came first for commissions, while the combined Virtu/ITG algos are considered top by investment firms.
The co-head of Citi’s Americas prime finance business has left after two years with the US bank.
Credit Suisse has added new technology and reshuffled senior leadership to the algorithmic trading division as it looks to regain market share.
TABB Group finds that the buy-side’s US commission pool has declined 42% since 2015.
Deutsche Bank hopes the transition will close by end of this year, but BNP Paribas has said it will likely be completed in its entirety by summer next year.
The new division is the latest in a string of restructuring moves in recent months as Citi looks to streamline its businesses.
Curt Engler will oversee the regional cash equities execution business in Asia Pacific after nine years with JP Morgan Asset Management.
German institution details €3.1 billion net loss in Q2 2019 following initiation of dramatic restructuring plan.