BNP Paribas gains approval for Deutsche Bank prime brokerage and equities deal
Deutsche Bank’s transition of prime and electronic equities clients to BNP Paribas moves forward after both banks receive approval for the deal.
Equities
Turquoise block trading platform sees €11.8 billion record in October
In October this year, the Turquoise Plato Block Discovery platform saw eight record days of trading activity.
Kepler Cheuvreux expands execution team with hires from JP Morgan, Goldman and Mirabaud
Kepler Cheuvreux has made three new hires to its execution desk in London, after agreeing to combine services with Macquarie.
Macquarie and Kepler Cheuvreux form equities trading and research alliance
Macquarie has scaled back its cash equities business in EMEA and the Americas in response to ‘structural changes in the market’.
Credit Suisse and Societe Generale adopt blockchain settlement platform for US equities
Paxos has been given the green light to launch its blockchain-based settlement service for certain broker-dealers, including Credit Suisse and Societe Generale.
Goldman Sachs sees pressure on equities commissions as retail brokers slash rates
David Solomon, CEO of Goldman Sachs, says zero commission trading for institutional investors is unlikely, but acknowledged pressures on commission rates.
LSEG completes first trade on new Global Equity Segment with Huatai Securities
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.
Little evidence of closing auctions deteriorating price formation, says AMF
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.
big xyt unveils new data platform for fragmented equity market
Fidessa’s former group strategy director, Steve Grob, will work with big xyt on the equity market data platform.
Cowen hires former Deutsche Bank EMEA execution services team
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.