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(Yahoo! Finance Canada)
London Stock Exchange Group shareholders will vote on Thursday on whether to potentially double the pay of CEO David Schwimmer, after the 300-year old bourse campaigned to raise executive rewards to strengthen UK capital markets. LSEG’s annual general meeting will vote on proposals to allow Schwimmer’s total yearly remuneration to rise to up to 13.063 million pounds ($16.14 million) from 6.25 million pounds.
(Financial News)($)
Wall Street is raking in record revenue from prime broking as banks look to build deeper ties with their lucrative hedge fund clients. The top 12 prime brokers made $20.4bn in 2023, up more than 25% in a decade, according to analytics firm Coalition Greenwich.
(The Trade)
Two heads of trading desk invited to speak on stage at TradeTech 2024 were posed with a bombshell question at the end of their panel – whether or not outsourcing the trading desk achieves the same outcomes as keeping trading inhouse. One speaker – who confirmed their firm’s trading desk setup and flow lends itself more to high touch trading – focused their answer on alpha retention.
(Markets Media)
Paul Woolman, global head of equity products at CME Group, highlighted the growth in the exchange’s equity index suite despite muted volatility. CME reported that equity index options had a record average daily volume of 1.7 million contracts in the first quarter of this year, up 28% over the previous all-time high in the first three months of 2023. The exchange’s total options average daily volume reached a record….
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