Asset Classes

SIFMA chief “confident” as Morgan Stanley’s future threatened

Tim Ryan, CEO of the Securities Industry and Financial Markets Association, expressed confidence in the ability of the finance sector to overcome its current crisis yesterday, despite persistent reports of further merger discussions between broker-dealers and other institutions.

Credit Suisse AES adds Aqua ATS to trading suite

Credit Suisse's Advanced Execution Services (AES) unit has added the US-based Aqua alternative trading system as a trading destination to its algorithmic and direct access systems.

Barclays agrees to buy Lehman’s investment banking, broking assets

Barclays Capital, the UK investment bank, will acquire “substantially all of the North American businesses and operating assets” and “certain related assets” of Lehman Brothers, the US investment bank that filed for bankruptcy on Monday.

UPDATE: Lehman broking units operational, LSE dark pool in doubt

Lehman Brothers has filed for Chapter 11 bankruptcy protection after it failed to find a buyer over the weekend, but the US investment bank still hopes to find a purchaser for its broking operations. The firm has made no comment on its Baikal dark pool joint venture with the London Stock Exchange.

LSE outage ends lip service to liquidity fragmentation

Brokers must embrace the concept of liquidity fragmentation more wholeheartedly if the UK equity market is to avoid a repeat of the stasis that followed a technical failure at the London Stock Exchange (LSE) seven days ago.