Evercore ISI shuts European trading as MiFID II bites
Head of trading Daryl Bowden has left the firm with immediate effect following the closure.
Sell-Side
Convergex CEO departs six months after Cowen takeover
Philip Gough parts ways with Cowen Execution Services after three years as chief executive.
Barclays the latest to opt into SI regime
Barclays opts into the systematic internaliser regime for all products including FX, rates, credit and equities.
Cowen appoints new CEO
President at Cowen, Jeffrey Solomon, will become the firm’s new CEO as of 27 December.
Goldman Sachs to trade equities for Bloomberg Tradebook
A broker arrangement will see Bloomberg Tradebook’s clients gain access to Goldman Sachs’ equities execution platform.
Mizuho appoints new head of fixed income from Credit Suisse
Zahra Peerbhoy was with Credit Suisse for 24 years, most recently as a managing director within the global markets division.
BNP Paribas teams up with market maker for US Treasuries
BNP Paribas and GTS will work together to improve liquidity and pricing for clients trading US Treasuries.
JP Morgan establishes SI for all fixed income products
JP Morgan becomes first US investment bank to register as a systematic internaliser for all non-equity instruments.
BNY Mellon’s CFO named CEO of newly established clearing business
Thomas Gibbons has been appointed CEO of BNY Mellon’s new clearing, markets and client management business amid mass restructure.
Credit Suisse fined $135m after FX traders ‘manipulated’ market
Traders found to have used chat rooms to share customer information and engaged in illegal front running activities between 2008 and 2015.