Mizuho taps BAML veteran to lead US execution sales and trading
Bob Wright began his career at Merrill Lynch in the 1990s, and will lead execution sales and trading in the US for Mizuho in new role.
Equities
Research unbundling crosses the Atlantic as US asset managers embrace change
TABB Group report finds large US equity asset managers are increasingly turning to research unbundling for cost savings and focus on best execution.
Credit Suisse automates post-trade equities operations with Torstone
Credit Suisse will bring its post-trade processes back in-house through its partnership with Torstone Technology.
Goldman Sachs veteran and global equities trading co-head Chavez to retire
After 19 years, Goldman Sachs veteran Martin Chavez will retire at the end of the year.
JP Morgan EMEA equity sales head departs after almost a decade
Michael Wilson confirms his departure from JP Morgan, while Ludovic Peiron and Scott Mitchell are named co-heads of global equity derivatives sales and marketing.
LSEG Turquoise increases rebates amid declining lit MTF landscape
Rebates on Turquoise will be significantly increased in September as the MTF looks to attract broker smart order routers.
Berenberg taps Jason Rand to lead electronic trading expansion
Former Mirabaud Securities head of trading to lead expansion of Berenberg electronic trading capabilities.
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.
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.