Buy-side firms are moving away from using multi-asset class trading systems despite the development of multi-asset desks and huge investment in their development from vendors, according to research from consultancy Greenwich Associates.
The Investment Association will launch its long-awaited discussion paper on transaction cost best practice in ‘the coming weeks’, the trade body’s chief executive said today.
A former managing director at Goldman Sachs is to join the foreign exchange trading business founded by BarCap’s former e-FX trading boss, David Cooney.
Interdealer broker Tradition has hired three senior executives to bolster its expansion drive in 2015.
Expansion in the FX and fixed income markets will be key priorities for technology vendor Portware in the year ahead.
Deutsche Bank has declared a 19.5% rise in net revenue from its Corporate Banking & Securities business for the fourth quarter of 2014, up from €2.5 billion to just under €3 billion compared to 2013.
BATS is extending is reach into the foreign exchange world, announcing a deal today to acquire Hotspot FX from broker KCG Holdings.
State Street witnessed income from its foreign exchange trading unit rocket by more than a third in the last quarter of 2014, compared to the previous year, it announced today.
Russell Investments, the index specialist, is launching a trading solution for FX markets aimed at institutional investors.