Investment bank Morgan Stanley is signaling its senior leadership directions for sales and trading, and reinforcing the firm’s commitment to the ongoing automation of the firm’s equities and fixed income businesses, according to internal memos obtained by FTF News. One of the memos outlines the firm’s efforts to envision the future while clarifying and easing… Read More >>
Liquidity Search Tops Survey of Fixed Income Concerns
A survey conducted by Charles River, a front- and middle-office investment management solution provider, finds that the greatest market challenge facing fixed income traders is “discovering and accessing liquidity.” The survey was conducted during a recent webinar with over 100 global buy-side participants, Charles River says. Survey participants also called the transition to electronic trading… Read More >>
CastleOak Securities Hires MD from Deutsche Bank
Boutique investment banking firm CastleOak Securities has hired Rick Carr as a senior managing director and co-head of sales and trading, officials say. In his new role, Carr will report to David R. Jones, president and CEO of CastleOak, and he will be focused on “building the firm’s fixed income business and team nationally, with… Read More >>
ICAP SVP to Focus on New Fixed Income Products
Interdealer broker ICAP has appointed Ted Bragg to be its senior vice president of fixed income product initiatives in the ICAP US Securities group effectively immediately, officials say. In his new role, Bragg will be based in New York and will be responsible for “creating and developing new hybrid fixed income products for ICAP’s US-based… Read More >>
EBS and BrokerTec Make Strides in Merging Businesses
EBS BrokerTec, interdealer-broker ICAP’s electronic foreign exchange and fixed income business, has announced that it’s made significant strides in combining the businesses of EBS and BrokerTec since they merged divisions six months ago, officials say. EBS BrokerTec has combined its sales, support and on-boarding teams, allowing “the business to leverage its scale and reach more… Read More >>
Interactive Data Revamps Fixed-Income Content
Market and reference data vendor Interactive Data Corp. (IDC) has completed “an extensive upgrade to its North American fixed-income reference data content,” say company officials. The content is available on IDC’s Apex platform. “Interactive Data has invested in and enhanced our reference data platform to empower firms to reduce their total cost of ownership and… Read More >>
TCW’s Fixed Income Unit Adds Two SVPs
The TCW Group, a Los Angeles-based asset management firm, has added Melinda Newman and Drew Sweeney as senior vice presidents in the firm’s fixed income unit. They will be based in TCW’s headquarters. Newman will be a senior analyst, “responsible for evaluating and making investment recommendations regarding high-yield and investment-grade credits,” and Sweeney will be… Read More >>
PIMCO Hires Two for Equities Move
Newport Beach, CA-based PIMCO, aka the Pacific Investment Management Co., hitherto best known for its mutual funds management and fixed-income investing prowess, has hired equities specialists Giles Money and Lucrecia Tam as new senior vice presidents. Money will be a portfolio manager focused on global growth equity strategies and Tam will be an equity analyst… Read More >>
FIX Group Pushes Best Practices for Bond Trading
The FIX Trading Community, a non-profit, industry-driven standards body, has announced the creation of a set of recommended best practices for the use of FIX electronic trading standard to exchange pre-trade information in the bond markets, officials say. The Global Fixed Income Subcommittee members are currently reviewing the draft and expect a final release later… Read More >>
G2 FinTech Teams with Advent to Target CBR
G2 FinTech, provider of the TaxGopher tax analysis and compliance software, and Advent Software, maker of Geneva portfolio management system, are joining forces to help prime brokers comply with Phase 3 of the cost-basis reporting (CBR) tax requirements of the Internal Revenue Service. New CBR rules have been taking effect over the past two years… Read More >>
