Double digit revenue growth at US exchanges; services beat trading
US exchanges saw increased revenues across the board in Q4 2025, with the largest players making the bulk of their profits from non-transactional services...
Bracco swaps Wells Fargo for Santander
Chris Bracco has joined Santander as head of institutional FX sales for the Americas. He is based in New York.
Santander reported €8.5 billion in...
ICE sees growing UK and EU IR derivatives activity
The Intercontinental Exchange (ICE) has announced 42.3 million in open interest across its interest rate derivatives markets.
This markets a 45% year-on-year (YoY) increase, and...
Etrading Software announces CT consultative committee
Etrading Software has announced the members of its consultative committee, which will provide recommendations and external advice on the UK bond tape’s recommendations.
Of the...
Vara leaves BlackRock
Jatin Vara has left BlackRock after 27 years with the company.
In 2023, Vara was named co-head of global trading alongside Dan Veiner. Prior to...
Competition narrows in European bank trading revenues
Barclays and BNP Paribas ended 2025 in a near-tie for fixed income trading revenues, the former taking a €6 million lead with €1.18 billion.
For...
US muni market expands, automation trails
Average daily notional volumes (ADNV) in US municipal bond trading was up 13.9% year-on-year (YoY) in 2025, according to a Coalition Greenwich report, reaching...
Schroders sells to US manager Nuveen
Schroders is set to be acquired by US investment manager Nuveen for £9.9 billion cash.
The firms hold a combined US$2.5 trillion in assets under...
TP ICAP offers secondary market ATS
TP ICAP has launched an electronic alternative trading system (ATS) for the secondary trading of US structured products, growing the ATS ecosystem in the...
CFTC’s Behnam joins Bloomberg
Former CFTC chairman Rostin Behnam has resurfaced at Bloomberg, joining the firm as global head of public policy and corporate affairs.
Behnam will lead US...
