News
(Risk.net)($)
Large proprietary trading firms complain they are subject to hand-me-down rules originally designed for banks.
(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.
(The Trade)
The key to addressing the key challenges around liquidity sourcing is for everyone to know where each player stands and the context behind the numbers, experts at TradeTech Europe’s liquidity sourcing panel agreed.
(Global Trading)
While rules might not create markets, there is a very important role for regulation to play in creating a fair, open and competitive playing field in a fragmented region such as the European Union (EU).” This missive encapsulated the approach to regulatory divergence held by Virginie Saade, head of government and regulatory policy at Citadel. “Rules are a way to make sure that there is a common approach across the 27 countries.”
(The Full FX)
Hedge fund capital extended 2023 gains by continuing to grow in Q1 2024, according to the latest report from indexation and analysis firm HFR. The report says total capital increased to what it calls a “milestone” $4.3 trillion thanks to strong performance and investor inflows. HFR says managers are navigating “a complex environment on improving economic outlook and acceleration of M&A concurrent with unprecedented geopolitical risks, including ongoing and potential military conflicts as well as inflation, interest rate and macroeconomic uncertainty”.
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ON THE MOVE: BIDS Trading Hires Brian Hickey; Alex Grinfeld Joins Liquidnet
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Citi’s 7,000 laid off staff were paid an average of $214k each
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Tag, not it! First mover hesitancy for research rebundling
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The highest paying investment banks in the world, ranked
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There Is a Relationship Between Past Success and Future Returns After All
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