Optiver to convert to a systematic internaliser
Move will amend how Optiver reports and will see the market maker expand the number of stocks it is able to offer up liquidity in.
Sell-Side
RBC Capital Markets becomes first Canadian bank to join SPIRE multi-dealer platform
To date, there are 18 dealers on the platform working to support the development of the repackaging markets.
Goldman Sachs and FlexTrade enhance algo offering with API order status updates
New partnership makes Goldman the first broker to offer order updates via API on an EMS; launch is designed to enhance buy-side visibility on algo order performance intraday.
Ex-Jupiter AM trader joins Jefferies
Individual has previously worked at: Merian Global Investors, Old Mutual Global Investors, Goldman Sachs, ITG, and the UK's Financial Conduct Authority (FCA).
UBS makes shock exit from outsourced trading game
One of the largest outsourced trading firms has served its clients a three month notice, just weeks after appointing a new head for the business, The TRADE has learnt.
European equities broker wallet stops shrinking, but concentration on the rise, report finds
Approximately 20% of trading activity is executed with the top broker, while 60% is executed with the top five brokers, Coalition Greenwich’s report suggests.
Fireside Friday with… Investec’s Dominic Lowres
The TRADE sits down with head of electronic trading and execution strategy at Investec, Dominic Lowres, following the launch of the bank’s new low touch trading platform ZebrA-X, to deep dive into trends across the low touch sphere and the impact of shrinking commissions on the competitive landscape.
State Street unveils updates to its digital trading and FX platform
The new platform, LINK, is part of the firm’s GlobalLink solutions and is set to “allow clients to make more efficient and effective trading decisions using next-gen infrastructure”.
BTIG and OptimX partner on buy-side focused offering
“This partnership addresses the growing demand among institutional traders for advanced, centralised technology that enables seamless access to deep liquidity and high-quality execution,” said the firms.
Pension reforms set to see buy-side evolve into price-givers, not price-takers
Consolidation plans set to negatively impact smaller boutique asset management firms most heavily, said experts speaking at a closed roundtable, as the “opportunity to compete” may potentially dissolve completely.