When JPMorgan Chase & Co. took over Bear Stearns more than a decade ago, it got two traders with a new trick.
Deutsche Börse has established a new business unit focused on financial intelligence in investment management, following the closure of its acquisition of analytics firm Axioma.
Virtu Financial has confirmed an extension of its transaction cost analysis (TCA) and market impact models to cover foreign exchange and fixed income markets.
French and German regulators have launched a new attack on Facebook’s Libra, saying that it is a threat to the financial sovereignty of nations. In response, the Libra Association has promised to work with regulators, but committed to a 2020 launch.
London has retained its place as the global hub for currency trading while the share of FX trading taking place in the US declined, as trading in the global market reached $6.6 trillion per day in April this year.