Day: 12 October 2020

Gomprecht Joins BGC

Robert Gomprecht has joined BGC Partners as managing director, algo sales, based in New York, according to sources. He reports to Paul Mutter, global head of Fenics sales. Gomprecht was most recently with Standard Chartered Bank, where he was head of e-commerce sales, Americas, where he spent the past five-and-a-half years. Prior to StanChart, Gomprecht […]

BoE’s Bailey: Negative Rates ‘Not Near’

The UK’s top rate setter Monday reiterated his mixed messages over the implementation of negative rates, warning that the Bank of England (BoE) has no imminent plans to push borrowing rates below zero. “We are not near and haven’t addressed whether we should use them,” said BoE Governor Andrew Bailey in a virtual Citizens’ Panel […]

And Finally…

As well as the obvious areas around liquidity and spreads, the pandemic appears, if the anecdotal evidence of many of my recent conversations is anything to go by, to have reignited discussion around what constitutes best execution? I’ll be honest and say that I thought this subject was as settled as is it ever going […]

Morgan Stanley Splashes $7 Billion on Eaton Vance

Morgan Stanley has entered into a definitive agreement to buy asset manager Eaton Vance for an equity value of approximately $7 billion. The manager has over $500 billion in assets under management and will be folded into an expanded Morgan Stanley Investment Management (MSIM), which will have over $1.2 trillion in AUM and over $5 […]

ISDA Gets DoJ, FSB, Nod on Fallbacks

The International Swaps and Derivatives Association’s (ISDA) proposal on a Fallback Protocol to ease the transition from Ibors to new Risk Free Rates (RFRs) has overcome a big hurdle with the US Department of Justice stating it has no objections to ISDA’s suggested pathway. In a business review letter the DoJ says it has concluded […]

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