Mostly… fixed income and cross product eTrading

February 5, 2008

Everyone’s moving to equity anyway!

Filed under: 2015, etrading — holky @ 8:40 pm

EFN tells us  3 senior traders from Citigroup have left to set up a cash equities division at  London-based fixed income heavyweight Icap … in the latest evidence that specialists in other areas are moving into the equities business.


1 Comment »

  1. says new entrants are building their cash equity banking operations to take advantage of recent changes in European regulations. The new participants, led by derivatives-focused interdealer-broker Icap and Barclays Capital, are focusing in particular on electronic and agency execution, instead of providing a full-service equities business including research.

    “The second-tier banks are recruiting and are able to lure some impressive talent from the bigger houses ..where they will be paid better and be able to stay an extra hour in bed in the morning.”

    Comment by holky — February 18, 2008 @ 2:27 pm

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