Deutsche Bank’s transition of prime and electronic equities clients to BNP Paribas moves forward after both banks receive approval for the deal.
In October this year, the Turquoise Plato Block Discovery platform saw eight record days of trading activity.
Kepler Cheuvreux has made three new hires to its execution desk in London, after agreeing to combine services with Macquarie.
Macquarie has scaled back its cash equities business in EMEA and the Americas in response to ‘structural changes in the market’.
Paxos has been given the green light to launch its blockchain-based settlement service for certain broker-dealers, including Credit Suisse and Societe Generale.
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.