News
(efinancial careers)
Citi may still have circa 15,000 jobs to trim but the flow is not entirely unidirectional. The bank may be cutting non-revenue generators, but it’s still hiring traders. In the US, Citi’s latest trading hire comes from hedge fund Brevan Howard. Yun Zhou, a former macro portfolio manager at Brevan Howard has reappeared as Citi as New York-based MD in rates options trading.
(Global Trading)
A new report from three leading market associations outlines an ambitious roadmap to improve the competitiveness of capital markets in Europe through a combination of retail investment, financial incentives, tax breaks and education.
(The Desk)
Asset managers’ lives could be made easier if they had access to a high quality source of fixed income data – and the technology solutions to enrich, analyse and normalise such data. That is the argument made by GreySpark, a consultancy firm, which argues that pre-trade and post-trade analysis, as well as portfolio risk, could all be enhanced.
(The Desk)
Electronic trading platforms are reporting another month of double figure volume growth in fixed income markets, with Tradeweb overtaking MarketAxess in US investment grade credit for the first time.
(Thomson Reuters)
Banks and asset managers are vying with Europe’s exchanges to develop technology that can deepen the pool of investors in the continent’s capital markets and better compete with Wall Street. The United States has long had a ‘consolidated tape’ aggregating stock and bond prices from competing trading platforms for investors to spot the best deals, and the European Union and Britain seek to match this over the coming three years.
More News
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Substantive Research Survey Reveals Impact of FCA’s Research Payment Optionality
(Substantive Research)
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Tradeweb Markets’ April Trading Volumes Surge Nearly 70%
(Finance Magnates)
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BlackRock Cuts Jobs in Muni Business Under New Leadership
(Bloomberg)($)
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Canada’s triparty repo launch aims to fill C$60bn void
(Waters Technology)($)
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AI And The Municipal Bond Market
(Forbes)
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BofA Hires From Goldman Sachs, Deutsche Bank in Trading Push
(Bloomberg)($)
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Goldman Sachs’ traders made $100m+ on 37% of trading days in the first quarter
(efinancial careers)
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Fireside Friday with… BNY Mellon’s Geoffrey Yu
(The Trade)
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Head of market structure leaves Barclays
(Global Trading)
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Bond market liquidity squeeze keeps regulators alert to risks
(Financial Times)
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Janus Henderson enters European ETF market with Tabula Investment Management buy
(Pensions & Investments)
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Asset managers focusing on enhancing product quality, accuracy – Northern Trust
(Pensions & Investments)
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Tradeweb poaches Daniel Swaby from Trumid
(The Desk)
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FCA seeks new secondary markets advisory committee members
(Global Trading)
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Barclays thinks it needs some new European macro traders
(efinancial careers)
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Sustainable bond markets miss an options trick
(Risk.net)($)
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Ban on non-compete agreements sends shockwave across Wall Street
(Financial Times)
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FLASH FRIDAY: US Brokerage Consolidation to Continue
(Traders Magazine)
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Nomura Profit Jumps on Fixed-Income Trading, Retail Boom
(Bloomberg)($)
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Big asset managers adopt ‘vulture’ tactics in distressed debt fights
(Financial Times)
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