Sell-side must be able to explain and justify pricing of research for unbundling.
CEO at JP Morgan, Jamie Dimon, gave shareholders a breakdown of spending on technology in 2016.
The US investment bank has revealed the creation of a global funding and inventory management team as part of a restructuring.
Bradley Duke and Tim Bevan will head up the prime brokerage business for BCS Global Markets in London.
With the move towards greater adoption of electronic execution, Societe Generale is boosting its technology to trade derivatives faster.
Deutsche Bank will remain in the UK and plans to move HQ to new location in London.
Banks are looking at alternatives to repo for short-term financing in response to stricter capital requirements.
Credit Suisse fined for entering orders at incorrect limit prices in Australia.
Citi has made several moves to bulk up its global equities and prime finance businesses.
With buy-side clients taking on multiple brokers for execution and clearing, FCMs will have to become specialist service providers.