ICE to acquire fixed income indices from BAML
The MOVE index will become part of the ICE Data Services business upon closure of the deal.
Tag: Bank of America Merrill Lynch
Aquis counts growing cross-industry participation on SI connectivity hub
Aquis Market Gateway launched in January 2018 now counts SIs including Jane Street, Citadel Securities and Tower Research Capital as users.
LCH adds five currencies to non-deliverable interest rate swaps
Bank of America Merrill Lynch, JP Morgan and Standard Chartered are among the first financial institutions to clear the new derivatives at LCH.
Trading Venues
MEMX: The road ahead
Following news of major US players looking to establish a member-owned equities exchange, industry experts agree the move could prove to be positive for markets, but warn the road ahead for MEMX may be a difficult one.
Major US institutions to rival NYSE and Nasdaq with launch of ‘low-cost’ exchange
Morgan Stanley, Virtu Financial, Citadel Securities, UBS and Fidelity Investments are among the firms looking to establish a low-cost, transparent equities exchange.
BAML’s FX algo head departs to lead eFX trading at Barclays
With 20 years’ experience in the industry, Alex Shterenberg has also worked at UBS and at JP Morgan where he was global head of FX execution services.
Sell-Side
Targeting talent: The industry’s new battleground
Attracting and retaining the brightest talent available has become the new battleground for investment banks as new compliance obligations and technology developments create warring factions desperate to secure the best personnel possible. Hayley McDowell tells the story behind this method of attack and finds out that a talent shortage could be just on the horizon for major players.
Citi raids BAML for another senior equities hire
Bank of America Merrill Lynch has lost several senior sales and trading staff to Citi over the past year.
BAML slapped a second time with $42 million fine for masking orders
Bank of America Merrill Lynch admits masking millions of orders and will pay $42 million for the second time this year.
BAML fined $42 million for ‘masking’ electronic order routing
BAML made agreements with HFT firms including Citadel Securities and Two Sigma to secretly route client orders.