Deutsche Börse names new CEO as Francioni signs off
Reto Francioni will step down from his role as chief executive of exchange group Deutsche Börse to be replaced by the former head of UBS’s investment bank, Carsten Kengeter.
Reto Francioni will step down from his role as chief executive of exchange group Deutsche Börse to be replaced by the former head of UBS’s investment bank, Carsten Kengeter.
The pre- and post-trade solutions business of inter-dealer broker ICAP has revamped its post-trade cross-asset allocation, matching and confirmation service for both buy- and sell-side firms.
Buy- and sell-side firms have so far failed to capitalise on opportunities offered by big data, according to new research, but a growing number of market participants are using unstructured data in their trading strategies.
A level of standardisation will emerge as clearing houses with global reach establish regional entity tie-ins with clearing houses in the rest of the world, TABB Group research has found.
Global multi-asset broker Newdege will offer clients a “very different value proposition” now that it is 100% owned by Société Générale, according to CEO David Escoffier.
The risk of “fire sales” of tri-party repo collateral in the US – rapid sales of assets in large amounts that temporarily depress their market prices – remains a live issue, according to the Financial Stability Oversight Council’s (FSOC) 2014 annual report to Congress released last week.
Euronext has launched an exchange-traded fund net asset value trading facility to enable investors to trade funds based on the value of their underlying assets.
A speech by Financial Conduct Authority head Martin Wheatley, in which he outlined the UK regulator’s plans to reform research and execution payments, represents a “watershed moment” for the industry.
As the end of quantitative easing nears, emerging market ETFs have been hit badly. While some have signalled the market is set to crash at breakneck speed, others think forecasts of doom are overblown.
Prime broker Newedge and European fixed income trading market MTS have jointly launched the agency cash management multilateral trading facility, an electronic auction facility for the tri-party repo market.