Seth Bernstein: Diversification via fixed income “if not dead, is in critical condition”
Seth Bernstein, the CEO of US$622 billion AUM asset manager AllianceBernstein, has opened the Fixed Income Leaders’ Summit US today, with an analysis of...
2020: Finding positives in a tough year
While 2020 was a tough year on many levels, Lee Olesky, CEO of Tradeweb, has tried to pick out the positives from a market...
Symphony’s new president outlines his vision
Brad Levy, the new president and chief commercial officer (CCO) of Symphony, the capital markets communication network, has outlined his vision of the company’s...
Hanneke Smits appointed CEO of BNY Mellon Investment Management
Hanneke Smits, CEO of BNY Mellon subsidiary Newton Investment Management, is to be appointed CEO of BNY Mellon Investment Management, following the retirement of...
Big names out at BGC
Interdealer broker BGC Partners has made a wave of job cuts, as announced in April, which combined with recent departures has removed several heads...
Eric Morrow joins Apollo Global Management
Eric Morrow has been named chief operations officer (COO) of trading at Apollo Global Management, an asset manager with US$550 billion of assets under...
Rutter launches ambitious new bond ‘ecosystem’, LedgerEdge
David Rutter, founder of US Treasury platform LiquidityEdge and CEO of distributed ledger group R3, has built a team of financial market and technology...
Dealers face crunch on platform trading costs
As bid-ask spreads tighten and fees rise, dealers question making markets in credit.
It does not take a quant to understand that tighter bid-ask spreads...
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)...
What bond traders need to know about today’s TP ICAP / Liquidnet deal
Broker dealer TP ICAP has agreed to buy block-trading market operator Liquidnet, with Nicolas Breteau, CEO of TP ICAP, putting the growth of Liquidnet’s...
