“Large investment banks still have a stronghold on a range of products, including bespoke and structured solutions, where NBLPs do not currently compete and barriers to entry remain high,” Coalition Greenwich tells The TRADE.
New positions across the past week include an exchange head of clearing, as well as two hires to support the growth of US institutional ETF trading, and a sell-side algo trader appointment.
The five investors - Barclays, Citadel Securities, Deutsche Bank, TP ICAP and UBS Investment Bank – will provide technology infrastructure and market structure expertise for the tape.
BTIG will continue to operate as a separate broker-dealer within U.S. Bancorp; deal includes BTIG’s institutional equity sales and trading, equity capital markets, equity electronic trading, and M&A advisory.
The past week has seen several significant moves, including a head of electronic trading departure, and senior buy-side hires across ETF capital markets and quantitative trading.
His next role is currently unconfirmed; the news also aligns with a further departure on Bernstein’s electronic desk in Paris, The TRADE can reveal.
The past week has seen a spate of moves across the sell-side, including a new global head of equities hire, as well as additions to outsourced and equity sales trading desks.
New hire joins after almost seven years at the investment manager, and is set to support Kepler Cheuvreux’s UK client offering, The TRADE understands.
New hire had initially spent almost three years at the firm, and rejoins after a four-year tenure at Clear Street.
Addition brings previous equity sales trading experience to the role; previously spent five years at asset manager Polar Capital.