Jain will reportedly join Millennium at the end of June to become co-chief investment officer.
The bank’s targeted savings has been increased as cost-cutting plans accelerate.
Auction will begin at midday, and continuous trading of SETS equities will be paused.
CME Group will begin clearing interest rate swaptions in the US from April 11.
Credit Suisse analysts speculate Nasdaq could be the next target as global exchange groups look to bulk up amid intense competition.
John Dabbs to replace Jeffrey Jennings as head of prime derivatives services.
Job reductions steadily increased between 2010 and 2015 in fixed income, currency and commodities and equities trading.
The bank transferred the assets to the SRU in a bid to reduce its capital requirements and meet leverage ratio rules.
Credit Suisse reveals first annual loss since 2008, and confirms 4,000 jobs are to be cut.
Credit Suisse and Barclays to pay over $150 million in fines over dark pool charges, in largest ever penalty imposed by the SEC.