MarketAxess to acquire US treasuries firm LiquidityEdge for $150 million
MarketAxess will expand into the US treasury trading market with its acquisition of LiquidityEdge.
Asset Classes
Tradition partners with Numerix for FX data expansion
Interdealer broker Tradition is looking to expand FX data services due to increased client demand.
BNY Mellon launches round-the-clock dealing for Irish ETFs
The new dealing services will enable distribution of Irish UCITS ETFs to the Asia-Pacific and Latin America regions.
JP Morgan doubles down on machine learning for FX algorithms
After launching its machine learning-based FX algo trading tool in April, JP Morgan says it is looking to increase adoption of the technology in FX.
FIA appoints former Fidessa product manager to lead operations
Don Bryon formerly led products for Fidessa’s derivatives trading platform.
Morgan Stanley tops US equities broker league for commissions
Morgan Stanley came first for commissions, while the combined Virtu/ITG algos are considered top by investment firms.
Citi’s co-head of Americas prime finance departs
The co-head of Citi’s Americas prime finance business has left after two years with the US bank.
Credit Suisse completes turnaround of algorithmic trading platform
Credit Suisse has added new technology and reshuffled senior leadership to the algorithmic trading division as it looks to regain market share.
ICE to acquire fixed income indices from BAML
The MOVE index will become part of the ICE Data Services business upon closure of the deal.
US buy-side commission pool plummets as MiFID II and rise of passive investing bites
TABB Group finds that the buy-side’s US commission pool has declined 42% since 2015.