BATS Global Markets, the second largest exchange operator in the US, has announced that its president, William O'Brien, has left the company. CEO Joseph Ratterman will now take on the president's duties, returning to the dual role of president and CEO that he held before the BATS merger with Direct Edge earlier this year.
JPMorgan Chase & Co. is reportedly assembling a 150-person electronic-trading team designed to advise its own internal traders as well as its clients on electronic-trading decisions. The new group, to be called JPMorgan Execution Services, will advise clients and internal traders across asset classes, including equities, fixed income, currencies, commodities and more, according to the Wall Street Journal, which first reported the story.
While it's a while before bonus season, it's not too early to start thinking about it, and the weak revenues that firms have reported so far this year have finance employees already...
ICAP, the world's largest interdealer broker, is trimming voice brokers to adapt to current market conditions that have included prolonged low volatility, low volumes and increased use of electronic trading.
Microwave technology can transmit data in nearly half the time it takes through fiber optic cable, and towers in Europe and the U.S. that were once used for military purposes are now being snapped up...
Asset managers are seeing increased interest from their clients in multi-asset funds, but they face challenges in pulling together the technology and the skill sets for building those offerings,...
London Stock Exchange Group (LSEG) is moving to strengthen its reconciliation offering with a pay-as-you-go reconciliation service built by Bangalore-based IT firm Wipro. The new service will leverage LSEG's existing UnaVista global hosted platform for matching and reconciliation services, but the new pay-as-you-go model means financial services firms can get enterprise reconciliations services without any up-front investment.
Bloomberg's acquisition of RTS Realtime Systems is intended to expand connectivity to global markets and trading centers, the company said in announcing the acquisition. RTS's global reach includes low latency connections to more than 150 exchanges around the world as well colocation services at more than 90 venues.
High-level departures from UBS in the past week include Mansoor Mohi-uddin, chief currency strategist and Chris Niehaus, head of the European industrials team. The departures are reportedly part of a continued cost-cutting and streamlining effort.
The Philippines Stock Exchange (PSE) is planning a major revamp of its trading architecture that will involve replacing its current trading platform with Nasdaq's X-stream Trading. The exchange is positioning itself for continued growth as 2013 capped the country's strongest two-year expansion since the 1950s.