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.
Technology
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.
ICE launches AI-powered pre-trade analytics platform aimed at buy-side fixed income desks
The offering will allow institutional investors to estimate counterparty price commitment prior to indicating intent to trade; T.Rowe Price has signed on as an anchor client, The TRADE understands.
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.
TP ICAP to enhance bond market liquidity through new credit trading and data platform
The new solution – RealQ – aligns with the firm’s objective to create a combined dealer-to-client (D2C) credit business, following the acquisition of Neptune Networks in June 2025.
Strengthening testing and approval workflows amid algo trading recommendations from industry body
The proposals from the FIX Trading Community come as a growing proportion of firms seek greater transparency into how and why their algorithms behave under different market conditions.
Marathon Asset Management taps SimCorp to unify its investment infrastructure
The collaboration expands the two firm’s ongoing partnership and will allow Marathon to home in on greater client service engagement and investment decisions.
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.
Union Investment executes first buy-side block trade on Eurex EnLight
The trade, enabled through Bloomberg Tradebook, expands buy-side access to bank and market maker liquidity for options and futures and allows investors to leverage off-book liquidity fully electronically, The TRADE understands.
Avelacom launches low latency route connecting Bangkok and Tokyo
The connectivity will support institutional firms trading in global equity and derivative markets and bolsters Avelacom’s wider APAC network infrastructure.