Sell-Side

Coalition Greenwich index revealed that headcounts at investment banks dropped while revenues hit the highest in over a decade during the year.  

The new capability is the next step in State Street’s goal to encourage buy-side clients to participate in peer-to-peer trading activities in the securities finance market. 

The pair said that their partnership underscored the growing interest from the buy-side in Sponsored Repo services offered by State Street.

John Lowrey has left the US investment bank after over five years as global head of electronic markets to start up a consulting firm, The TRADE understands.

The pure-electronic solution is available across high yield and emerging markets, with plans to launch in investment grade products in Q1 of this year.

A survey by Broadridge found that buy- and sell-side firms expect to increase the share of their overall IT budget spent on next-gen tech by a third.

The trio have teamed up to offer bond trading clients real time streaming of FX prices into their bond workflow through a new trading solution.

The bank said it would be targeting wealth management and commercial banking to achieve ‘double digit growth’ in Asia alongside pledging to invest $6 billion in the region.

The partnership between TP ICAP and Iress will offer traders more choice in their selection of execution venue and liquidity partners.

The new client wins signify a growing acceptance among asset managers to use custodians for a range of front-office services.