22 articles found within the last year.
Displaying results 1 - 20
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Junior markets battle for private investors
Two years after it became law in 30 ... In that time a new breed of quasi-exchanges, ... This competition has forced new entrants and incumbents ... A closer analysis suggests Mifid has not been ... Typically, retail investors have been serviced by domestic ... The banks route the brokers’ orders to the...
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UBS completes portfolio trading rebuild
Swiss bank UBS has completed the rebuilding of ... Oliver Hesse, formerly the head of portfolio trading ... Portfolio traders shift baskets of stock at a ... Phil Hodey, the former head of portfolio trading ... However, the Swiss bank has been rebuilding its ... Hesse and Dormer report to Edward Keen and...
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Swiss exchange plans high-frequency push
Switzerland’s stock exchange is set to adopt a ... SIX Swiss Exchange is discussing potential changes – ... Earlier this year, the Zurich-based exchange launched a ... Katz told Financial News in an interview: “We ... High-frequency firms are typically hedge funds or proprietary...
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Goldman had 46 $100m days in second quarter
Goldman Sachs said it made $100m (€69m) in ... The New York-based investment bank said in a ... Goldman reported last month that second-quarter profit surpassed ... Trading and principal investments drove the firm's overall ... The company also said in the filing that ... A spokesman for Goldman Sachs declined to comment...
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Investors doubtful of IPO revival in Europe this year
Three-quarters of institutional investors are not expecting a ... The survey, carried out by UK-based investment bank ... The findings are based on a survey of ... European initial public offerings have a tendency to ... Shares in China State Construction Engineering Corporation shares...
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Former BarCap banker sets up advisory business for wealthy investors
Barclays Capital's former head of strategic equities for ... Jérôme Laurre left BarCap in May to set ... These deals help companies or financial institutions with ... Some of the greatest demand this year has ... As reported by Financial News this week, bankers ... Laurre, who has more than 12 years experience...
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Europe’s star performers guide clients in turmoil
To describe the past year as “difficult” for ... As if that weren’t enough, laws aimed at ... Electronic trading specialists had to guide their clients ... Head of European client trading and execution, UBS ... UBS led the pack at Financial News’ buyside ... Allison joined UBS in 1997 as an options...
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Brokers stay long despite market recovery
Almost three-quarters of the trading ideas sent by ... According to the trade idea service managed by ... More than two-thirds of trading ideas logged by ... Trade Ideas Monitor is used by more than ... Despite this optimism about the market outlook, lower ... Credit Suisse sold a stake in brewer Anheuser-Busch...
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European investors upbeat on Russia
The majority of European investors believe Russian equities ... A recent survey of 30 European institutional investors ... However, the survey found that only 39% said ... The survey follows a spectacular rally in Russian ... The ruble-denominated Micex stock exchange has gained 115%...
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Derivatives go back to the drawing board
When the most powerful man in the world ... US President Barack Obama’s verdict on derivatives, in ... The collapse of Lehman Brothers, the AIG affair, ... At the same time, derivatives volumes have fallen ... Credit derivatives have received the most negative publicity....
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Banks balk at US push to rein in derivatives
The battle lines are being drawn in the ... A group of banks and money managers will ... The banks are treading a fine line. They ... Earlier this month, the US proposed giving the ... Wall Street banks with large derivative-trading businesses have ... Potentially billions of dollars in revenue is at...
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Exchange volumes signal return of market confidence
Europe’s stock and derivative exchanges have given the ... Transatlantic exchange NYSE Euronext said it performed 1.6 ... The London Stock Exchange performed 1.05 million per ... Meanwhile, Germany’s Deutsche Börse performed 750,000 trades per ... The value of shares traded remained significantly lower...
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SG investment bankers take pay hit as writedowns drag on profits
Compensation for staff in the corporate and investment ... Revenues from trading, led by the fixed income, ... This meant that despite the strong performance from ... Société Générale said the fall in operating expenses ... Analysts at Credit Suisse wrote this morning in...
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Swiss exchange seeks to lure high-frequency traders
Switzerland’s stock exchange has launched a trading platform ... SIX Swiss Exchange said today it had launched ... The new platform is up to 100 times ... The launch represents an effort to attract more ... Last week, Chi-X performed 6% of trades in ... “In today's increasingly competitive exchange industry, high-end technology...
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Credit Suisse plans Middle East play
Credit Suisse is preparing for a push into ... Credit Suisse will start offering so-called direct market ... Such services can allow fund managers to improve ... Rob Maher, head of advanced execution services sales ... However, the launch comes amid a sharp decline ... The Middle East has been particularly hard hit...
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FSA to publish review of 'unbundling'
The UK's Financial Services Authority is due to ... The aim of the unbundling, which was introduced ... It also promised to give fund managers the ... One indication that unbundling has been slow to ... The 2008 Financial News Buyside Trading Poll showed ... The poll, which was based on a survey...
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Hedge funds prepare for their revival
Battered but not beaten, many hedge funds will ... Cautious institutional investors are demanding that hedge funds ... Keith Bliss, senior vice-president of sales and marketing ... A report from Boston-based consultancy Aite Group said ... A quiet period such as this should give...
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London tightens its grip on forex trading
The amount of foreign currency traded in the ... Figures compiled by Financial News based on the ... Last April, UK trading represented 58% of the ... The central banks – based in London, New ... The rise in FX trading has been caused ... The figures underscore the increased importance banks attach...
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Comment: CDS market draws unjust fire
Warren Buffett called derivatives weapons of mass destruction, ... A barely regulated market that swelled to notional ... To be sure, some fine-tuning is necessary. Limits ... But the CDS mayhem predicted after the collapse ... The signs are not encouraging. Draft US legislation...
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Hedge funds' $400bn cash pile could spur market rally
Hedge funds could stoke a significant stock market ... Hedge fund managers currently hold a record 30% ... That cash, which is stored in bank deposits ... “Despite the massive losses [sustained by investors], depressed ... Such a rally would be a welcome tonic ... Although frenzied trading in the wake of September's...
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