The exercise between Credit Suisse and Nomura's Instinet demonstrated the ability for firms to execute and settle US equities trades conducted throughout the day.
Sameer Jain joins Nomura as wholesale chief information officer after nearly 30 years at Barclays and UBS in senior technology focused roles.
The sale of Lyxor Asset Management will boost Amundi as a leader in European ETFs and conclude the major restructure programme at Societe Generale.
The new base at Optiver will focus on derivatives trading in commodity and equity products on Singaporean and global exchanges.
Alongside the losses for the first quarter of 2021, the Swiss bank also announced that two executives had stepped down and that it would be slashing executive bonuses.
As well as FX trading, Barclays has rolled out its new implementation shortfall algorithm known as Gator Adapt to manage slippage.
Fabrizio Campelli will assume responsibility for the investment banking and corporate banking business from chief executive Christian Sewing, effective from 1 May.
A $20 billion stock fire sale shook markets as Bill Hwang’s hedge fund Archegos defaulted on margin calls prompting losses at Credit Suisse and Nomura.
Sandeep Arora becomes chief investment officer and head of digital for the institutional clients group at Citi after over 30 years with the bank, according to an internal memo.
BNP Paribas and Standard Chartered supported the first match aligned with quarterly international money market dates on startup matching engine FX HedgePool.