Tradeweb succession as Hult becomes CEO and Pluta becomes president
Tradeweb, the market operator for rates, credit, equities and money markets, has implemented leadership changes as part of its previously-announced succession plan.
Effective 1 January,...
Ancoa post-mortem: Spend was over four times greater than revenue
Ancoa, the troubled market surveillance firm that went into administration on 5 May 2017, had an average monthly spend of £450,000 in 2017, or...
State Street serves up ‘Cods and Chips’ in European bond market rigging case
State Street has helped to uncover chatrooms, including one called "Cods and Chips" that are alleged to have been used by sell-side traders to...
Finanstilsynet: Portfolio manager “abused his position” by flipping bonds and self-trading
The senior portfolio manager for Norwegian investment firm Kraft Finans, Øivind Thorstensen, was piggy-backing on client investment in new bond issues, in order to...
Trumid promotes Mike Sobel to co-CEO
Bond market operator Trumid, has named Mike Sobel as co-CEO alongside founder and co-CEO Ronnie Mateo. A founding member of Trumid’s team, Sobel will...
Editorial: Oversight of US bond markets is broken
Oversight of the US bond markets is broken. The world’s sixth largest bank by assets, JP Morgan, was able to manipulate the US Treasury...
Vis Nayar named global CIO equities at HSBC AM
Vis Nayar has been promoted to global chief investment officer for equities at HSBC Global Asset Management.
Having started his career at KPMG, he...
Review: Mixed bond trading revenues in choppy first quarter
Banks have seen mixed results from bond trading in the first quarter of 2023, across credit and rates, while electronic trading platforms have seen...
Simon Johnson joins RBC as head of credit sales EMEA
Simon Johnson has joined RBC as managing director, head of credit sales EMEA, based in London and reporting to Janet Wilkinson, co-head, fixed income...
Tradeweb announces first fully electronic SOFR swap spread trade
Market operator Tradeweb reports it has completed the first fully electronic institutional Secured Overnight Financing Rate (SOFR) swap spread trade. BlackRock and JP Morgan...
