Inter-dealer brokerage firm TP Icap is in “advanced discussions” with equities and fixed income trading technology provider Liquidnet for between $600-700 million. The firm says the deal will bring it a buy side client base as well as opportunities to build a dealer-to-client business line. Although Liquidnet is mostly known for its equities dark trading […]
Liquidnet has published the results of a recent survey of global asset management firms that explores how MiFID II impacts the role of technology in trading corporate bonds.
According to the study, titled Future Tech—Trading Bonds Post MiFID II, 86% of respondent firms had technology in place to comply with the MiFID II implementation date, however, 86% of firms also said there were currently in the process of re-configuring workflows and 68% improving data collection. The research also notes that over three-quarters of respondents are planning to upgrade their technology solutions in 2018.
Institutional trading network Liquidnet has appointed Stephen Grady as non-executive director of Liquidnet Europe, bringing more than 20 years of experience in managing trading functions.
Recently appointed as head of market structure and strategy at Ipreo, Grady was previously global head of trading of Legal & General’s investment management arm since 2012. Prior to that he was head of global dealing at Barclays Wealth, responsible for buy-side trading team for the asset management division and sales trading for small institutions and individual clients.