Barclays global equities head departs for Citi in leadership shake-up
Former JP Morgan veteran Fater Belbachir joins Citi to lead its equities division after less than a year with Barclays.
Former JP Morgan veteran Fater Belbachir joins Citi to lead its equities division after less than a year with Barclays.
A client report from JP Morgan seen by The TRADE revealed that adaptive algo use increased in March, while limit-based strategies declined.
Given the global coronavirus pandemic, Virtu Financial CEO Doug Cifu says acquisitions seem impossible in the near future.
The SEC found that around 6.4 million client orders were routed by three unaffiliated brokers through undisclosed ‘low cost router’ arrangement at Bloomberg Tradebook.
China’s ICBC will provide emerging market liquidity on the BidFX execution management system (EMS).
BNP Paribas suffers similar fate to Societe Generale as equities revenues plummet due to dislocation in hedges at height of coronavirus crisis.
Joseph Molluso returns to Virtu Financial as co-president and co-COO, after departing in October last year.
Richard Aby takes on the newly-created role as Citi looks to grow its markets and securities services division in the CEEMEA region.
Societe Generale's equities business saw revenues collapse by nearly 99% after it suffered huge losses in structured products linked to dividend payments.
With higher volatility and trading volumes, UBS believes it has grabbed market share in electronic trading, FX and equities.