Middle East & Africa

Istanbul strengthens London ties with LCH stake

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.

Ex-BarCap boss Cooney swoops for Goldman MD

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.