BloombergGPT launches
Bloomberg has released a research paper detailing the development of BloombergGPT, a new large-scale generative artificial intelligence (AI) model.
This large language model (LLM)...
Exclusive: Patrice Guesnet and James Frew to run fixed income trading at Pictet AM
Patrice Guesnet and James Frew are reported to have been named global co-heads of fixed income trading at Pictet Asset Management. They have taken...
UBS names Sergio Ermotti as group CEO
The Board made the decision to appoint Sergio P. Ermotti as Chief Executive Officer in light of UBS’s new priorities following its planned acquisition...
Wall Street 2022: bonuses fell 26%
Wall Street’s 2022 average bonus paid to securities employees dropped to $176,700, a 26% decline from the previous year’s $240,400, according to New York...
Tradeweb integrates Nasdaq U.S. Fixed Income platform
Tradeweb Markets, a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, announced it has achieved the final significant technology...
LTX migrates corporate bond trading capabilities to AWS
LTX, a subsidiary of Broadridge Financial Solutions, has migrated its corporate bond e-trading platform to Amazon Web Services (AWS). With the completed migration, LTX...
Deutsche Bank, Morgan Stanley, US Bancorp and Wells Fargo back Versana digital loan platform
Versana has announced the addition of four new banks – Deutsche Bank, Morgan Stanley, US Bancorp and Wells Fargo – as investors in its...
SimCorp incorporates FlexTrade capabilities into OMS
Order and investment management system (OMS/IMS) provider SimCorp, has partnered with FlexTrade Systems, the execution management system (EMS) operator, to extend SimCorp's Order Management...
MSIM launches two new bond funds
Morgan Stanley Investment Management (MSIM) has announced the launch of two new funds, the MSINVF Short Maturity Euro Corporate Bond Fund and the MSINVF...
Outsourced trading consolidates further with State Street’s new acquisition
State Street Corporation has entered into a definitive agreement to acquire CF Global Trading, a global firm specialising in outsourced trading on an agency...
