Virtu Financial seems to have overcome the controversy surrounding high-frequency trading to achieve growing acceptance as an alternative market-maker at a time when bank dealers are shrinking. The company's senior vice-president, John Shay, explains its strategy.
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Last year saw the blockchain hype cycle reach its peak, and its disruptive influence on the global financial services industry continues to be the subject of much debate. But after a year of talking, how far has the industry progressed in turning potential into reality?
Understanding the behaviour of different participants during a shock is an essential first step to improving the resilience of financial markets to sudden periods of illiquidity.
Increasingly confident that they have made the banking sector resilient to any future financial crisis similar to that of 2008, regulators are now turning their attention to shadow banking. But a very different approach may be necessary.
Electronifie's trading platform aims to address the problems of liquidity and a lack of transparency that the corporate bond market has grappled with. Jane Cooper talks to its chief executive.
A sweeping overhaul to EU rules on bond market transparency could aggravate a liquidity shortage in secondary trading.
Citi launched a new division at the end of last year to combine prime finance, futures and clearing, custody, and fund services. Its global head, Okan Pekin, discusses why the change will put Citi ahead of its rivals and how it will enable the bank to win more business from hedge funds.