Investment Bank Research Teams Suffer Deepest Job Cuts

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Investment Bank Research Teams Suffer Deepest Job Cuts – Financial News

Investment banks’ research divisions were the hardest hit by job cuts last year, as sweeping European trading regulations introduced in January 2018 started to impact analyst numbers.

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US and UK Strike Long-Term Derivatives Deal

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US and UK Strike Long-Term Derivatives Deal – Financial Times

UK and US markets regulators have finalised a sweeping long-term agreement to jointly oversee each other’s derivatives markets after Brexit, removing concerns of financial turmoil in the $481tn market if Britain leaves the EU without an agreement.

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Finance v Physics: Even ‘Flash Boys’ Can’t Go Faster than Light

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Finance v Physics: Even ‘Flash Boys’ Can’t Go Faster than Light – Financial Times

Five years ago, Michael Lewis’ book Flash Boys described finance houses’ efforts to whizz data ever faster between Chicago and New York in a battle to grab a millisecond edge over each other. It was head-spinning stuff – not least because those millisecond margins were what enabled the traders to make profits. But today this picture looks almost tame, according to Donald Mackenzie, a finance and sociology professor at the University of Edinburgh.

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GFXC Survey Confirms Increased Code Adoption, But Work Still Required

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GFXC Survey Confirms Increased Code Adoption, But Work Still Required – Profit & Loss

The 2018 FX Global Code Survey results have been released and while, expectedly, the last year saw significantly increased adoption rates amongst firms, there are areas of potential concern for proponents of the Code.

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Europe’s Traders Throw in the Towel in Race with Wall Street

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Europe’s Traders Throw in the Towel in Race with Wall Street – Bloomberg

A decade after the financial crisis, firms that had spent years pursuing the US heavyweights are cutting jobs and allocating less capital to the business of trading securities. They’re all but throwing in the towel on a key piece of investment banking after yet another year in which their trading divisions failed to keep up with their American rivals.

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