UK

Based in London, Chetan Joshi will work with clients, partners and the industry to develop next generation Vertical AI products

Sunil Daswani rejoins MarketAxess following his departure from Standard Chartered Bank

The firm says the latest enhancements will expand its capability to replicate prime brokerage margin across a diverse array of policy types

Raj Karan Singh will work alongside Alisdair Sutherland to jointly run the SecFin and D1 desk, as well as looking to provide a full scope prime offering in the near future

The offering will cover all aspects of exchange trading, from execution and risk management to surveillance, post-trade clearing and settlement processes

Douglas explains that the key challenges for AST are FX, corporate actions, stock lending and to make sure ‘no man is left behind’

The electronic trading platforms will cover EUR-denominated bonds — including European government bonds, covered bonds and repo — US treasuries and Japanese government bonds

The Accelerated Settlement Taskforce report recommends that the UK should aim to move to T+1 no later than the end of 2027 — the government “fully endorses” this as firms require sufficient time to prepare for the transition