KCG Europe launches Catch algo in bid to grow institutional business
Catch liquidity seeking algo aims to take strengths of market making business and offer them to buy-side clients.
Sell-Side
Larkin to lead client coverage for ITG’s POSIT Alert
ITG rehires Andrew Larkin from Bloomberg to head up client coverage for POSIT Alert block trading.
JP Morgan poaches clearing operations head from Goldman Sachs
JP Morgan is bolstering its European team as it prepares for the onset of mandatory clearing for OTC derivatives.
Shareholders approve Tullett Prebon-ICAP deal
The long-awaited transaction is set to be completed later this year.
Credit Suisse to cut additional 2,000 jobs
The bank’s targeted savings has been increased as cost-cutting plans accelerate.
Commerzbank derivatives head to depart
Stanfield has led Commerzbank’s OTC client clearing and listed derivatives execution & clearing businesses.
Citi activist calls to carve up group
Shareholder at Citigroup proposed two businesses, one in consumer lending, and the other in investment banking.
Updated: State Street to shut FCM business
Around 50 employees will be impacted globally by the withdrawal from the futures clearing business.
Jefferies writes off KCG stake following massive Q1 losses
Jefferies rescued KCG in 2012, but the bank confirms it is no longer majority shareholder.
ITG poaches RBC Capital Markets compliance officer
ITG hopes its new man will help create a ‘rigorous compliance culture’.