Instinet’s Dove departs firm for new chapter
London-based Dove’s next role is currently unconfirmed; he leaves the broker after almost five years leading the firm’s liquidity offering.
Sell-Side
Piper Sandler hires from Liquidnet for electronic sales trading director
Individual brings more than 20 years of electronic trading experience to the new role, having also previously worked at RBC Capital Markets and Merrill Lynch.
NBLPs knock on the door, banks still own the house
“Large investment banks still have a stronghold on a range of products, including bespoke and structured solutions, where NBLPs do not currently compete and barriers to entry remain high,” Coalition Greenwich tells The TRADE.
People Moves Monday: SIX, Optiver and Kepler Cheuvreux
New positions across the past week include an exchange head of clearing, as well as two hires to support the growth of US institutional ETF trading, and a sell-side algo trader appointment.
Ediphy’s fairCT lands key institutional backing to drive tape delivery
The five investors - Barclays, Citadel Securities, Deutsche Bank, TP ICAP and UBS Investment Bank – will provide technology infrastructure and market structure expertise for the tape.
U.S. Bancorp finalises $1 billion BTIG acquisition
BTIG will continue to operate as a separate broker-dealer within U.S. Bancorp; deal includes BTIG’s institutional equity sales and trading, equity capital markets, equity electronic trading, and M&A advisory.
People Moves Monday: Bernstein, State Street IM and Qube
The past week has seen several significant moves, including a head of electronic trading departure, and senior buy-side hires across ETF capital markets and quantitative trading.
Bernstein head of electronic trading departs firm
His next role is currently unconfirmed; the news also aligns with a further departure on Bernstein’s electronic desk in Paris, The TRADE can reveal.
People Moves Roundup: Rothschild & Co, JonesTrading, RBC Capital Markets
The past week has seen a spate of moves across the sell-side, including a new global head of equities hire, as well as additions to outsourced and equity sales trading desks.
Kepler Cheuvreux hires AXA IM senior equity sales trader for high touch sales role
New hire joins after almost seven years at the investment manager, and is set to support Kepler Cheuvreux’s UK client offering, The TRADE understands.