News

Exegy, ING and Optiver have become the latest organisations to join non-profit organisation Sustainable Trading, which is dedicated to transforming environmental, social and governance (ESG) practices in the global markets landscape.

Goldman Sachs broke the mould for fixed income market makers in Q1, achieving a 6% year-on-year revenue growth, reaching US$3.47 billion. However, despite declines in earnings of 7% and 10% respectively, JP Morgan and Citi remained leaders in the space, each with US$5.29 billion and US$4.15 billion in FICC intermediation/trading orders over the quarter. Bank of America trailed with US$3.3 billion, but just a 4% YoY decline.

European asset manager Amundi is set to become a strategic shareholder in global asset management firm Victory Capital, following a signed Memorandum of Understanding (MoU) between the two companies.

Jane Street’s quarterly trading revenues have surged to their highest level since the start of the pandemic, as the secretive high-speed firm flourished alongside traditional Wall Street market makers. The group expects its first quarter net trading revenue will be roughly $4.4bn, more than double the level it achieved a year prior and up 35 per cent from the end of 2023, according to documents reviewed by the Financial Times.

John “Jack” Malvey, a respected figure in the bond market whose decades in the industry included a long run as Lehman Brothers Holdings Inc.’s chief strategist in fixed income, has died. He was 72.