Bank of America connects to CLS’s CCS service
The integration will allow Bank of America clients to mitigate cross currency swaps-related risks, and is set to support liquidity optimisation and reduce daily funding requirements.
The integration will allow Bank of America clients to mitigate cross currency swaps-related risks, and is set to support liquidity optimisation and reduce daily funding requirements.
The firms include Goldman Sachs, JP Morgan, TD Securities, Morgan Stanley and Bank of America; integration is set to provide increased choice and liquidity provision for buy-side clients across fixed income markets.
The past week has seen a swathe of significant moves across the buy-side, including a head of trading departure, as well as several other senior appointments.
New hire will lead core and semi-core European government bond trading in his role, and previously spent 21 years at HSBC.
The offering will integrate LSEG’s data and analytics capabilities across Bank of America’s platforms, to enhance client access to insights and actionable intelligence.
Individual brings more than two decades of industry experience, and has held senior positions at Bank of America, Morgan Stanley and Goldman Sachs.
The TRADE checks in with the alternative trading system two years after its launch to explore its growth, backing from major institutions, use cases and how the platform is expected to evolve in the future.
Pivot Investment Partners, ING Ventures, Barclays, JP Morgan and Wells Fargo Strategic Capital provided additional investment.
The past week saw appointments from Bank of America and Raymond James, alongside a departure from Citi.
The three banks all experienced decreases in equity revenues, however, Bank of America stood out amongst the three with increases in total revenue and net income.