KCG announced the appointment of Mike Blum as new CTO, amid falling trading sales following Brexit.
Buy-side expected to pay increased fees to the sell-side as costs of MiFID II compliance hits profit margins.
Harvey Schwartz reveals 5% of staff were cut in the last three months, with fixed income bearing the brunt.
Cost-cutting and mergers and acquisitions kept Morgan Stanley afloat, as trading revenues remained relatively unchanged.
Second quarter revenues up 20%, as Goldman Sachs is the latest to report Q2 fixed income trading surge.
ICAP routed €212 billion of notional trades from its cleared equity basket through Bats’ ETR.
Jim Iorio, former global head of currency and commodities at Barclays, is to head up sales at EBS BrokerTec.
BAML posted strong fixed income revenues but its equities business fell back.