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.
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.
Tackling settlement inefficiency in Europe must take priority over shift to T+1, say experts
With fail rates high due to market volatility and penalties pouring in through CSDR, experts are recommending Europe addresses current inefficiencies, or risk complicating matters though a rushed move to T+1.
Marex to acquire Cowen’s prime brokerage and outsourced trading business from TD
Back in June, TD Bank Group and Cowen had announced that the prime brokerage and outsourced trading businesses were parting ways just months after the deal was completed, seeking a more ‘strategically and geographically aligned’ partner.
SGX and SIX chiefs elected chair and vice chair of the World Federation of Exchanges
A total of seven board members have been elected to the board; individuals hail from TMX Group, Bermuda Stock Exchange, Cboe, Japan Exchange Group, Singapore Exchange and Korea exchange.
Eurex chosen by BNY Mellon to centrally clear European repo transactions
As of last month, Eurex reported record volumes in its cleared repo markets, doubling across all markets year on year.