Middle East & Africa

Bloomberg terminals have been down worldwide this morning, sparking a wave of Twitter activity from frustrated traders throughout the City.

The Johannesburg Stock Exchange has signed a multi-year licensing agreement with Eris Exchange to list swap futures contracts.

As JP Morgan Asset Management seeks to minimise trader discretion in execution, Kristian West explains the thinking behind the big idea.

Turkish stock exchange Borsa Istanbul has acquired the London Metals Exchange’s stake in pan-European clearing house LCH.Clearnet, a move that could strengthen its ties with London Stock Exchange Group.

A former managing director at Goldman Sachs is to join the foreign exchange trading business founded by BarCap’s former e-FX trading boss, David Cooney.

Interdealer broker Tradition has hired three senior executives to bolster its expansion drive in 2015.

Bank of America’s Global Markets division saw sales and trading income fall by a fifth in the fourth quarter of 2014, according to results today, excluding accounting adjustments.

JP Morgan saw revenue from its fixed income markets operation plummet by 23% in the fourth quarter of 2014, compared to Q4 2013 because of lower income from credit and securitised products and the sale of two business units.

Citi’s head of EMEA execution sales (electronic trading) has left the group after five and a half years, The TRADE understands.

The Johannesburg Stock Exchange (JSE) has completed the second phase of its T+3 project, a move that will see the settlement cycle for South African equities cut by two days.