Annabel Smith sits down with the Goldman Sachs equities execution services desk for EMEA to discuss the changing role of a sell-side counterparty, evolving client demands and market structure and regulatory change on the horizon.
The past week saw appointments from AccessFintech and Adroit Trading Technologies, alongside a departure from Federated Hermes.
Incoming individual will lead buy-side strategy; joins following 18 years at Goldman Sachs and five years at JP Morgan.
The bank reported net revenue of $10.9 billion in the second quarter, down 8% year-on-year.
New London-based heads have previously held positions at BNP Paribas, Deutsche Bank, and Goldman Sachs.
With the close of this round the total funding for FIA Tech is at almost $70 million.
Landmark initiative between some of the largest organisations across the capital markets creates a ‘network of networks’ allowing siloed systems to interoperate while balancing the decentralisation with privacy and control.
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.
The bank launched the visual structuring tool for FX as part of its Marquee platform in September last year; todays expansion includes new machine learning capabilities.
Order found that the bank failed to disclose pre-trade-mid-market marks while also failing to communicate with clients in a fair and balanced manner.