The move is set to allow clients to offset FX futures and options exposures against eligible fixed income positions at Eurex Clearing; Union Investment acted as buy-side partner for the offering.
The new offering will allow clients using State Street’s FX Connect to carry out in-flight TCA and algorithmic controls, to enhance visibility for execution quality and oversight.
The past week has seen notable trading venue-related moves, as well as across the buy- and sell-side, including a c-suite appointment, and new heads of trading and program trading.
New hire brings more than two decades of experience to the role, and also previously served at firms including Fidelity, Sanford C. Bernstein and TT International.
BNP Paribas, Citi and CACEIS back initiative to streamline settlement and custody across EU markets.
Move is set to enable multilateral netting across FX transactions, and marks an expansion of CLS’ PvP settlement offering.
This past week saw a flurry of moves across the industry, including a global head of electronic trading, head of electronic fixed income, and a senior credit desk hire.
New appointment has worked across the fixed income industry for more than 10 years, at firms including the UK Debt Management Office, BGC Partners, LXM Group and RP Martin.
Previous roles include senior positions at: Citi, Morgan Stanley and UBS Investment Bank.
BNP Paribas entered into a definitive agreement to acquire AXA Investment Managers in a €5.1 billion deal in August 2024.