David Solomon, CEO of Goldman Sachs, says zero commission trading for institutional investors is unlikely, but acknowledged pressures on commission rates.
The LSEG cross-border initiative, known as the Global Equity Segment, aims to use London as a global trading bridge between Asia and the Americas.
Activity in closing auctions has surged across Europe, but a study from France’s AMF says the concentration of volumes at the end of the day has not affected price formation.
Fidessa’s former group strategy director, Steve Grob, will work with big xyt on the equity market data platform.
Deutsche Bank’s head of EMEA execution services Matt Cyzer has been named CEO of Cowen Execution Services, with six of his colleagues also joining the broker-dealer.
While many market participants are quick to point to market makers in times of market volatility, Citadel Securities says electronic liquidity providers are not to blame.
The two firms agreed on a deal in principle in July as part of the German bank’s major restructuring and a complete withdrawal from equities trading,
Numis Securities has signed a multi-year contract with Torstone Technology to overhaul its post-trade equities operations.
Proposed mega deal would see two of the world’s largest market infrastructure groups combine as Hong Kong exchange chief proposes connecting ‘East to West’.
QuantHouse has expanded its API Ecosystem with market data from the Goldman Sachs SIGMA X MTF, including indicative auction quotes.