Clear Street set to pick up Instinet’s Fox River algo trading business
The deal, once approved, will see Clear Street enhance its equity trading capabilities for the buy- and sell-side; transaction expected to close in Q3 2024.
The deal, once approved, will see Clear Street enhance its equity trading capabilities for the buy- and sell-side; transaction expected to close in Q3 2024.
The past week saw appointments across fixed income, distribution, commercial operations and equities.
Tilly resigned as chief executive of Cboe last September following the conclusion of an investigation that determined he had failed to disclose personal relationships.
The past week saw appointments within the post-trade, fixed income and equities spaces.
Incoming CEO brings over 30 years’ experience in capital markets to the role; joins from ED&F Man Capital Markets, a company he founded.
Alongside the integration of React’s clearing platform, the business’ co-founders Pat Mayo and Dave Evans will be appointed managing directors.
The TRADE speaks to Andy Volz, chief operating officer and head of sales at Clear Street, about shifting prime brokerage demands, challenges associated with multi-asset platforms and how best to tackle legacy infrastructure.
The past week saw appointments from Barclays and Clear Street, alongside a departure from Liquidnet.
The prime broker has appointed four new industry experts from JonesTrading, Bridgeway Capital Partners and EF Hutton to lead the new division.
With the US confirming its shift to T+1 settlement in 2024, Wesley Bray looks at the impact this will have globally, whether or not the UK and EU should follow suit and how trading desks will be impacted by the move.