Goldman Sachs eyes wider AI adoption in equities as it leads $72 million H2O.ai investment
Goldman Sachs European equity trading head says the bank will adopt AI models more broadly across its equities trading division following investment.
Equities
Dark trading volumes reach highest level under MiFID II
An analysis from TABB Group has found dark trading volumes are the highest since MiFID II was introduced, despite summer slowdown.
Morgan Stanley tops US equities broker league for commissions
Morgan Stanley came first for commissions, while the combined Virtu/ITG algos are considered top by investment firms.
Citi’s co-head of Americas prime finance departs
The co-head of Citi’s Americas prime finance business has left after two years with the US bank.
Credit Suisse completes turnaround of algorithmic trading platform
Credit Suisse has added new technology and reshuffled senior leadership to the algorithmic trading division as it looks to regain market share.
US buy-side commission pool plummets as MiFID II and rise of passive investing bites
TABB Group finds that the buy-side’s US commission pool has declined 42% since 2015.
BNP Paribas says Deutsche Bank prime brokerage transition will be finalised by summer 2020
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.
Citi combines equities, prime brokerage and securities services units
The new division is the latest in a string of restructuring moves in recent months as Citi looks to streamline its businesses.
Citi hires JP Morgan AM trading head to lead execution services in Asia Pacific
Curt Engler will oversee the regional cash equities execution business in Asia Pacific after nine years with JP Morgan Asset Management.
Deutsche Bank reveals over 900 equities jobs gone in transformation strategy cull
German institution details €3.1 billion net loss in Q2 2019 following initiation of dramatic restructuring plan.