HKEX Bids £31.6bn for LSEG

Hong Kong Exchanges and Clearing (HKEX) has made a proposal to the board of the London Stock Exchange Group (LSEG) to combine the two companies in a deal worth £31.6 billion. This deal would scupper the proposed $27 billion deal for LSEG to buy Refinitiv. “LSEG and HKEX are two of the world’s premier market […]
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BidFX Adds Jump as LP

Execution management system provider BidFX has announced the addition of non-bank market making firm Jump Liquidity to its ranks of liquidity providers. “With the rapid expansion of BidFX we are happy to see Jump Liquidity join our EMS in response to high client demand,” says BidFX CRO, John McGrath. “Their tailored liquidity will enrich the […]
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Boehler Joins UBS?

Market sources tell Profit & Loss that Adrian Boehler has joined UBS as global head of FX distribution. Based in London the sources say he will report to George Athanasopoulos, global head of FX, rates and credit. Boehler was last at BNP Paribas in London where he spent just over seven years in a variety of […]
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Robertson Joins Siege FX

Marek Robertson has joined Siege FX, which offers peer-to-peer FX netting for institutional clients, as head of distribution. Based in London, Robertson has spent the past three years doing consultancy work, most recently with New Change FX. Prior to that, he spent over 14 years at Barclays, where he held the title of head of […]
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Ziccarelli Exits CLS

Joe Ziccarelli has left his role as managing director, head of sales, at CLS Group. “Joe Ziccarelli, head of sales, left his role at CLS in August. The CLS sales department has a strong team of regional heads who will assume Joe’s sales responsibilities until a successor is appointed. We thank Joe for his contribution […]
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SGX Hires Patimova in London

SGX has hired Elena Patimova in London as director, equities and FICC. In this role she will be responsible for sales and business development for SGX’s suite of derivatives contracts in Europe, covering hedge funds, CTAs, proprietary trading companies, banks and FCMs. Prior to joining SGX, Patimova was a senior vice president, business development at […]
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Financial Firms Plan to Increase Cloud Usage: Survey

Financial institutions across the globe will allocate almost half (48%) of their IT budget to spending on public cloud services in 2020, up from 41% this year and 34% in 2018, according to the results of Refinitiv’s latest research into the use of cloud technology for financial data. The findings are based on a survey of 300 […]
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Primary Venues See Volume Rise in August

After a desperate July there was better news for the primary FX trading venues in August with all seeing an increase in activity. CME Group says that it handled an average of 821,000 contracts in its FX futures and options product suite, which Profit & Loss estimates to represent around $81.2 billion in notional terms. […]
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Arnold Lands PM Role at Citadel

Derek Arnold has joined Citadel as a portfolio manager in the firm’s London office. Arnold joins after more than a year working as a currency portfolio manager at Goldman Sachs, prior to which he was at Amundi Pioneer for over ten years and held the title vice president, FX portfolio manager, at the time of […]
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Bloomberg Launches Algo Analytics Service for FXGO

Bloomberg has released a new analytics hosting service for algorithmic orders on FXGO, with Goldman Sachs being the first liquidity provider to use it. The new algorithmic order service is available on FXGO’s execution manager, a Bloomberg Launchpad function that allows clients to manage their incoming orders and subsequently route them to liquidity providers. The […]
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