Brokerage Archive

Two distributors of trade ideas and research, Boston-based First Coverage and youDevise, headquartered in London, are merging to form a “global alpha capture network” that will allow institutional investors and brokers to share trade recommendations. read more>

Bulge-bracket broker Goldman Sachs is planning to launch a non-displayed alternative trading system in Canada, SIGMA X Canada, designed to reduce market impact for users. read more>

Saxo Capital Markets, a trading platform provider and wholly-owned subsidiary of Denmark's Saxo Bank, has opened an office in Hong Kong in response to growing opportunities offered by increasing institutional flows to the region as well as demand for white-label solutions from financial institutions. read more>

Japanese investment bank Nomura has appointed Benoit Savoret, former Lehman Brothers COO, EMEA, as joint head of global equities. read more>

Bulge-bracket broker Goldman Sachs has received approval from UK regulator the Financial Services Authority to launch its dark multilateral trading facility, SIGMA X MTF. read more>

Korean regulator the Financial Services Commission has banned Deutsche Bank's Korean broker-dealer business from operating for six months, following allegations of market manipulation in KOPSI 200 options. read more>

The US arm of agency broker Instinet has added Favus Institutional Research, an independent research provider that focuses on the healthcare industry, to its Instinet Access programme. read more>

Execution-focused broker-dealer BTIG Hong Kong has made a number of senior appointments as part of its efforts to grow the firm's share of institutional business in Asia. read more>

HSBC Futures Singapore has signed a software licensing agreement with CQG, a supplier of trade execution and analytics, to allow the broker to supply CQG trading front-ends to clients and internal trading desks. read more>

US investment bank Jefferies has appointed Zubin Ramdarshan as a managing director and head of European volatility trading in the firm's global equity derivatives group. Ramdarshan will be based in Jefferies' London office. read more>