The equities and research joint venture between Societe Generale and AllianceBernstein was announced in 2024; redundancies are currently being made on a voluntary basis, The TRADE understands.
The new product launch, developed in close collaboration with Societe Generale, comes off the back of the recent surge in ETFs across the industry.
The past week saw appointments across equity trading, ETF distribution, regulation and artificial intelligence.
New appointment has been with AB for 27 years, most recently serving as head of investment solutions and sciences.
Quant trading and algos key focuses for the much-anticipated joint venture between Societe Generale and AllianceBernstein going forward, The TRADE understands.
Named Bernstein, the joint venture will offer investment insights into North America, European and Asia Pacific equity markets, alongside liquidity access and global trading technology.
New premises will offer increased access to AllianceBerstein’s asset management services to investors across the region.
The new joint venture will combine Bernstein Research Services with Societe Generale's equity research and execution capabilities to form a global cash equities and equity research business
Global co-head of equity trading at AllianceBernstein, Frank Loughlin, talks to The TRADE about the challenges of translating sustainable trading practices onto the desk, and about the importance of a truly holistic approach to enable high level performance.
Recently patented RFX proprietary technology and protocol powered the trade by AllianceBernstein on LTX platform from Broadridge.