Citi reshuffles equities leadership for the Americas amid team merger
Sales teams across prime finance and the futures, clearing and FX prime brokerage will be merged alongside the new appointment, The TRADE can reveal.
Equities
Swiss stocks propel London back to top spot following Brexit decline
According to Cboe’s head of European equities, Natan Tiefenbrun, the reintroduction of Swiss securities into London’s stock universe has been its saving grace.
Equity commissions in Europe surge 19% from 2019 on market volatility
Bloomberg Intelligence report that polled equity heads and senior traders suggests commissions in Europe will rise 8.8% this year following a period of decline.
TP ICAP and Liquidnet: the growth deal
Following the $700 million acquisition of institutional trading network and dark pool operator Liquidnet by TP ICAP, Hayley McDowell sits down with TP ICAP’s group head of strategy, Joanna Nader, and CEO of agency execution, John Ruskin, to investigate the merger.
Head of equity sales at Citi departs for Barclays
New head of EMEA generalist and specialist cash sales joins Barclays after 12 years at Citi and two years at Goldman Sachs.
Bloomberg adds emerging markets to equity index range as market demand rises
New Bloomberg emerging market benchmarks are weighted by free-float market cap and include 26 countries, representing over $14 trillion in market value.
ESMA admits more work is required to obtain a precise view EU equity trading landscape
EU regulator says it plans to consult this summer on equity transparency after issues relating to the granularity and accuracy of its data were highlighted by a new report.
Report finds EU regulators ‘inaccurately’ claiming decline in on-venue equities trading
According to Oxera and the Association for Financial Markets in Europe (AFME), 83% of European equity trading takes place on venues, contrary to recently published data.
Archegos scandal squashes highest equities revenues for large banks in a decade
According to the Coalition Greenwich index, equities revenues reached one of the highest quarterly revenues in a decade excluding losses related to the Archegos scandal.
UK’s STO divergence could exclude Europe from liquidity, Liquidnet report warns
With three quarters of trading taking place between the UK and international institutional counterparties, European asset managers could be left at a disadvantage.