The new service is powered by Elastic, where Deutsche Bank will use its machine learning and anomaly detection features.
The deal for Liquidnet will boost TP ICAP’s electronic trading capabilities and buy-side client base upon closure early next year.
The IMC market making business at NYSE is being acquired by Citadel Securities as it looks to boost its presence on the stock exchange trading floor.
Baton Systems will deploy its platform across treasury processes at Citi to automate rules for the movement of collateral.
Upon closure of the Eaton Vance takeover, Morgan Stanley Investment Management will have $1.2 trillion in assets under management.
Buy-side traders should engage more with their brokers on conditional order routing logic, a paper from Virtu Financial has said.
LCH continues to expand membership of CDSClear and its client clearing franchise with Bank of America the latest institution to go live as a clearing broker.
Nej D’jelal will head to UBS early next year and lead its Neo trading platform, according to sources.
Previous investors JP Morgan, Citi and Goldman Sachs also contributed to the round, taking the total raised by AccessFintech to $37 million since 2018.
Simon Dove will become head of liquidity strategy for EMEA at Instinet after four years with Tower Research Capital Europe.