Ralph Hamers has been with ING for more than 28 years, having led the institution as chief executive since 2013.
Swiss-headquartered investment bank will migrate its post-trade operations in Australia to GBST’s automation platform for cash equities and exchange-traded options.
Mark Goodman rejoined UBS from Societe Generale in 2015 to lead the bank’s electronic execution services.
Users of the AxeTrader EMS will gain access to around $30 billion of daily global liquidity in credit, rates and emerging market bonds through partnership with UBS Bond Port.
Leading equities trading voice and recipient of The TRADE’s 2017 lifetime achievement award exits bank after decade and a half tenure.
UBS was found to have overcharged the post-trade spread for around 28,700 client transactions in Hong Kong over a ten-year period.
UBS has said costs associated with a restructure of its investment banking division will total around $100 million in the fourth quarter.
Panelists at Sibos in London agreed that flash crashes are more common in markets today, but the industry still lacks understanding.
Tradefeedr, founded by former hedge fund managers, has launched its data analytics platform with Goldman Sachs, UBS and XTX Markets.