Millennium Advisors hires from within for new head of EMEA sales
Individual was previously director of sales and business development; has previously worked at MarketAxess, BNP Paribas Fortis, Groupe Crédit du Nord, and Crédit Agricole CIB.
Europe
Investment firms must improve market stress assessments when it comes to liquidity adequacy, says FCA
Currently “most” firms have not gotten into the habit of regular reviews and subsequent adjustments to their liquid asset levels in line with external market changes, said the regulator.
EU committee gives green light for Euro derivatives clearing active accounts
Proposal to draw Euro clearing back to the Bloc via active clearing accounts with European CCPs has proved divisive with participants who claim the move could be anti-competitive.
Half of traders convinced FCA post-Brexit DVC decision will have little bearing on dark trading
Liquidity is continuing to shift away from continuous lit trading as traders increasing seek flexibility, SIX Swiss Exchange finds in new research.
State Street Global Advisors hires from within for new head of EMEA
Individual has been with State Street since 2000, currently serving as chief executive of State Street Global Advisors Europe.
Brexit is not the problem, Europe’s lack of liquidity is
Amid stagnant volumes and increasing fragmentation, the industry must draw its focus away from UK and European divergence and refocus its attention on competing with the rest of the world, writes Annabel Smith.
Barclays joins Vienna Stock Exchange as trading member
The bank joins a list of 66 members who are currently admitted to the exchange.
Goldman equity trader joins Investec
Incoming individual has an established emerging markets focus; most recently worked at Goldman Sachs and Citi.
Fireside Friday with… Quoniam Asset Management’s Tobias Stein
The TRADE sits down with Tobias Stein, head of fixed income and trading at Quoniam Asset Management, to discuss the EU’s consolidated tape (CT) plans, unpacking key data considerations, empirical use cases, and what providers of the tape should consider.
Misaligned T+1 timelines ‘a big problem’ for global securities industry, says panel
Views come as UK expected to reveal shorter timeframe for T+1 switch than European counterparts.