News
(The Trade)
Annabel Smith sits down with the global equity trading team at Robeco to explore their global dynamic, the role of research on their trading desk and the race to stay innovative through better use of data and technology in the execution process.
(WSJ)($)
Bankers’ advice for dealmaking clients who have been sidelined by the high cost of funding boils down to this: Get used to it. Wall Street investment banks in the first quarter have finally started to report a pickup in activity following a long slowdown. Revenue from arranging sales of stocks and debt, and for advising on mergers and acquisitions, was collectively up 27% at the five largest Wall Street banks from a year earlier, to the highest level since the first quarter of 2022, when the Federal Reserve began raising interest rates.
(Best Execution)
Although lit markets may question the efficacy of dark pools, an increasing number of major exchanges are releasing their own dark platforms. Is opening these platforms exacerbating issues of dwindling lit liquidity, or is this a way to mitigate against further damage? BEST EXECUTION explores the current landscape, speaking to key players to understand the current differentiation between light and dark – and where the shades of grey are falling.
(The Trade)
Development will provide KCx with a new front-office equities execution platform which enables clients to observe and manage KCx’s execution flow through one interface.
(Best Execution)
Equilend, a technology, data and analytics firm, has launched Orbisa securities lending data on the Bloomberg App Portal, providing a dataset comprising US$32 trillion of global lendable equity and fixed income securities.
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After Kicking Off Mutual-Fund Era, MFS Plans ETF Foray
(Bloomberg)($)
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Marex Group, Shareholders Seek Up to $323 Million in US IPO
(Bloomberg)($)
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Barclays, Goldman Sachs, Jefferies to lead Marex’s New York IPO
(Financial News)($)
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A Slimmer Goldman Sachs Posts Hefty Jump in Profit
(New York Times)($)
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Opinion: Why Everyone in Finance Is Getting Ripped
(Bloomberg)($)
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ON THE MOVE: BIDS Trading Hires Brian Hickey; Alex Grinfeld Joins Liquidnet
(Traders Magazine)
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Citi’s 7,000 laid off staff were paid an average of $214k each
(efinancial careers)
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Interactive Brokers Adds High Touch Prime Brokerage, Outsourced Trading
(Traders Magazine)
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Tag, not it! First mover hesitancy for research rebundling
(Best Execution)
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The highest paying investment banks in the world, ranked
(efinancial careers)
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There Is a Relationship Between Past Success and Future Returns After All
(Institutional Investor)
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Macro Stars as Hedge Funds Extend Good Run
(The Full FX)
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Global dominance of biggest stocks rises to highest in decades
(Financial Times)
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Opinion: Is Wall Street too focused on league tables?
(Financial Times)($)
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SEC Wins Trial in Novel ‘Shadow’ Insider Trading Crackdown
(Bloomberg)($)
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European exchanges push new dark pools in fight for millisecond advantage
(Financial News)($)
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State Street: Investors sought risk in equities across March
(Best Execution)
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The Derivatives Service Bureau calls for industry input on OTC Derivative Identifier Services
(The Derivatives Service Bureau)
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CFA Level 1 Pass Rate Rises to 44%, Above Historic Average
(Bloomberg)($)
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Vast majority of buy side traders rely on TPPs for TCA
(Best Execution)
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