“Buy-side research budgets are already under pressure, so it's understandable that they wouldn't welcome a new set of licensing accompanied by new costs and they are banking on a fear from the sell-side that being frozen out of an asset manager's LLM would be a very cold place to be in future,” Substantive Research chief executive tells The TRADE.
The suggested reform package would simplify AIFMD-related rules from 2013; the move would "particularly boost freedom for smaller firms to find new ways to achieve the same high standards", said FCA markets director.
The move is expected to enhance GKB's investment workflows, quantitative research and sustainability reporting capabilities, and will include the integration of Bloomberg’s AIM, PORT Enterprise and BQuant Enterprise solutions.
The completion comes six months after the deal was initially announced in December 2025.
The transaction focuses specifically on River Global’s asset management business, and boosts Liontrust’s total assets under management.
The trades are facilitated within State Street’s GlobalLINK FX Connect platform; solution allows asset managers to directly match trades with each other while still operating within their existing execution channels.
The past week has seen various moves across equities and FX.
The integration is specifically targeted at corporate and emerging market bonds, and will enhance both firms shared clients access to Trumid trading protocols, while streamlining Aladdin users’ access to Swarms protocol.
Individual spent almost two decades at Aviva, where he served as an equity trader.
The past week has seen moves across the buy- and sell side, including both US and cash equities trading and capital marketplace execution.