Traders laid off as Goldman swings axe on fixed income
Goldman responds to 13% fall in FICC revenue by trimming headcount.
Foreign Exchange
LSEG reports strong 2015 on back of LCH business
LCH.Clearnet continues to be a major source of growth for LSEG, according to pre-close statement.
FX mispricing costing buy-side billions each year – report
Mispricing of FX transactions is happening daily, with huge costs for investors, according to report by the New City Initiative.
JPX and TAIFEX secure TOPIX deal
TOPIX futures are set to launch by the end of the year in a new partnership between JPX and TAIFEX.
CME looks to boost London FX business with Renminbi futures
CME Group will now be able to offer offshore Chinese Renminbi (RMB) futures contracts in London for the first time.
Deutsche Boerse treasury offering to fund 360T deal
Deutsche Boerse has completed a significant sale of treasury shares in order to finance its acquisition of FX trading platform 360T.
Markit buys FX specialist
Financial data provider Markit has agreed to acquire foreign exchange trade processing specialist DealHub.
Citi and JP Morgan embrace new Markit service
Markit has launched a new trade confirmation service for foreign exchange trades.
BATS confirms free trading for London FX market launch
BATS-owned FX trading venue Hotspot will be offering free trading on its London-matching engine when it launches next month.
Asset managers promise to put clients first from now on
Members of the Investment Association have signed up to a Statement of Principles designed to ensure asset managers behave in the best interests of customers.