UBS extends post-trade technology deal with GBST
Swiss-headquartered investment bank will migrate its post-trade operations in Australia to GBST’s automation platform for cash equities and exchange-traded options.
Swiss-headquartered investment bank will migrate its post-trade operations in Australia to GBST’s automation platform for cash equities and exchange-traded options.
Shared ledger technology provider Cobalt gained a strategic investment from early supporter Citi in 2016.
The swap and cash prime brokerage will be combined onto a single infrastructure with Nuvo Prime, as Societe Generale targets growth of business.
AFME and the IA have called for a 90-minute reduction in European market hours as the LSE’s consultation nears closure.
SMBC is already live with phase one of the project and allegedly seeing tighter spreads and higher fill rates from the platform.
Data from The TRADE’s sister publication Global Custodian predicts prime brokerage revenues to soar in 2020, as banks face up to challenges in their service provision and business models.
The latest e-trading survey from JP Morgan reveals that liquidity availability is considered the most challenging daily issue for traders this year.
Mark Goodman rejoined UBS from Societe Generale in 2015 to lead the bank’s electronic execution services.
Market maker Old Mission has gained approval for institutional services business, hiring Bryan Christian and Harry Whitton to drive growth.
Professor at the Hong Kong University of Science and Technology, Chak Wong, has been hired by JP Morgan to lead the new team of machine learning engineers.