Bank of England confirms high-speed traders hacked audio feed
Hedge funds reportedly gained information from a Bank of England press conference audio feed five to eight seconds faster than other marker participants.
Buy side
Fidelity Investments to launch crypto trading business in Europe
After launching the business in the US last year, Fidelity Investments will establish crypto trading and custody services for European institutional investors.
Buy-side rejects “redundant” move to expand MAR to spot foreign exchange
Asset managers have poured cold water on plans to expand MAR to include spot FX due to the impact of the FX Global Code of Conduct.
Pimco adopts OpenGamma analytics for uncleared margin rules
Pimco will use OpenGamma’s technology in a bid to reduce margin financing costs for derivatives trading.
LGIM adopts Charles River IMS to streamline trading
Legal & General will use the cloud-based system from Charles River for its global trading operations.
Rising Stars of Trading and Execution 2019 photo gallery
Hosted at The Savoy, London, this year's Rising Stars of Trading and Execution brought together some of the asset management community's best and brightest young talent.
Buy-side agree EU CSDR buy-in regime will threaten bond liquidity
Asset managers have expressed concerns that the CSDR mandatory buy-in regime will impact liquidity and increase costs.
Louis Bacon shuts Moore Capital hedge funds amid challenging business model
Intense competition for trading talent and client pressure on fees sees industry veteran Louis Bacon shut three flagship funds.
Franklin Templeton appoints new chief executive
Jennifer Johnson, chief operating officer at Franklin Templeton, will assume the role of chief executive in February.
The TRADE announces Leaders in Trading 2019 award winners
Over 250 industry leaders gathered at The Savoy Hotel in London to celebrate their achievements throughout the year.