The TRADE’s 2018 Algo Trading Survey finds hedge funds more critical of bank algos as pressures of MiFID II begin to hit home.
The TRADE’s 2018 Algo Trading Survey finds MiFID II has heightened critical approach to electronic trading among buy-side firms.
CFO Marianne Lake says JP Morgan has witnessed ‘material increase’ in electronic trading in the first quarter this year.
BNP Paribas has made a number of leadership changes to its electronic trading, prime services and derivatives teams across the global markets business.
Fidessa sees greater demand from top-tier firms for electronic and programme trading services.
Greg Treacy joins Instinet from Deutsche Bank where he was a director for global execution services.
Banks across the Street have recently made huge investments into their European electronic trading teams with a string of hirings.
From 3 January 2018 banks and asset managers will be required to trade certain OTC derivatives on electronic platforms.
It is the latest high profile appointment for Citadel Securities' European business after hiring JP Morgan's former EMEA head of equities trading.
The combination of its e-trading teams reflects the growing importance of electronic trading as a result of regulation.