Heading for the close
As volumes seemingly continue to migrate towards the end of the trading day, Hayley McDowell investigates the rise of closing auctions in Europe and its impact on continuous trading for asset managers.
Equities
US watchdog moves to overhaul governance of equity consolidated tape
Following intense debate among market participants on the extensive costs of market data, incumbent exchanges could soon have less power over the consolidated tape in the US.
Citi equities co-head Roos departs after almost five years
Murray Roos departs months after Citi moved to merge its equities, prime brokerage and securities services units.
The only game in town
Following the removal of Swiss equivalence in the European Union in July last year, Hayley McDowell examines the fallout of the political development and finds buy-side traders are benefitting from the substantial shift in market structure.
Citi targets larger client share for revamped equities and prime brokerage business
Citi aims to capture increased business from existing and prospective hedge fund clients by offering a full coverage of pre- and post-trade services.
London Stock Exchange begins consultation on shorter equity trading hours
Following calls from the industry to reduce trading hours in Europe, the LSE has started a consultation and is accepting responses until the end of January.
Plato and BMLL Technologies introduce free market quality data tool
Platometrics provides market data on European equities, including a view of liquidity across venues, order fill rates and intraday volatility.
Sova Capital bolsters emerging markets sales trading desk with veteran Deutsche Bank trader
Sam Docherty has spent the past 15 years with Deutsche Bank as an equities sales trader, and joins Sova Capital as director of CEEMA sales trading.
Barclays EMEA execution sales head jumps ship for role at Citi
Matthew Cousens joins Citi as EMEA head of platform sales after spending just over a year with Barclays in a similar senior role.
XTX Markets overtakes Citadel Securities and Tower Research as largest ELP SI in Europe
Research from TABB Group found that XTX Markets is now the largest ELP SI in Europe, following record activity across the landscape in October.