The impacts of macro events globally, as well as liquidity issues and methods to improve liquidity sourcing within South Africa, were likened to what is experienced in more developed markets such as the EU and the UK.
Participants across TD Cowen, RBC Capital Markets, and Substantive Research dive into potential shifts in bundling rules for research in 2024 as well as the impacts of the US shift to T+1 settlement.
The pair say they have almost zero overlap in terms of existing client base and intend to leverage each other’s offerings to expand.
The past week saw appointments across business development, execution services, equities, electronic trading, credit trading and securities sales trading.
Learn more about the four firms shortlisted for The TRADE’s 2023 Editors’ Choice Award for Best Broker Electronic Trading Initiative, including: Goldman Sachs, Jefferies, JP Morgan and TD Cowen.
During his tenure, Vincent has held various positions across Credit Suisse, most recently as head of AES sales trading, based in London.
Learn more about the four firms shortlisted for The TRADE’s 2023 Editors’ Choice Award for Sell-side Market Structure Excellence: including Goldman Sachs, Optiver, RBC, and TD Cowen.
Back in June, TD Bank Group and Cowen had announced that the prime brokerage and outsourced trading businesses were parting ways just months after the deal was completed, seeking a more ‘strategically and geographically aligned’ partner.
The pair have communicated to clients that it would be in the best interest for the businesses to find a more ‘strategically and geographically aligned’ partner; TD acquired Cowen in March for $1.3 billion.