Barclays bullish on equities business ahead of new algo and SOR platform launches
Barclays’ reinvestment will see the launch of new SOR and algo platforms, with a recent SOR upgrade producing a 10% increase in hit rates.
Equities
Front office headcount at top investment banks continues to decline
Index tracking top investment banks found headcount was down in the third quarter this year, with equities suffering the biggest decline.
Aquis Exchange deploys Itiviti’s trading systems testing technology
Aquis Exchange has implemented VeriFIX from Itiviti for testing its trading systems.
BNP Paribas extends GTS agreement into US equities
BNP Paribas and market maker GTS first entered into a partnership for US Treasuries in November last year.
Buy-side throws doubt on RFQ for equities as “last chance saloon” for liquidity
Ahead of the anticipated launch of RFQ for equities from two major trading venues, Hayley McDowell speaks to senior buy-siders and finds out that most are very sceptical of the idea.
SIX completes shut down of SLS block trading platform
SIX Swiss Exchange decommissioned its SLS dark pool for block liquidity launched in partnership with Liquidnet on 15 October.
DTCC builds DLT settlement prototype that can process 100 million trades per day
DTCC, Accenture, Digital Asset and R3 teamed up to build a US equity clearing and settlement system prototype.
Kepler Cheuvreux inks equity research distribution deal with CIBC
Kepler Cheuvreux makes another research distribution agreement after signing similar agreements with Piper Jaffray and CIMB.
Barclays expands electronic equities team with latest hire from Credit Suisse
Kevin O’Connor becomes the latest Credit Suisse equities veteran to join Barclays as the bank continues to grow its business.
EuroCCP to become a clearer for Frankfurt Stock Exchange
Agreement with Deutsche Börse follows similar deals for EuroCCP with Borsa Italiana and Euronext Dublin.