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31

Ex-JPMorgan Trader Spots a MiFID Gift for His Brokerage

By Tony Seruga

Haitong’s Freyre-Sanders says new rules to level playing field
MiFID II will split payments for trading and research services

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Haitong International Securities Group Ltd., a unit of China’s second-largest brokerage, is among the firms rushing to capitalize on regulations that could upend the global trading business.

The company is ramping up its foray into electronic execution, betting that the MiFID II overhaul of financial-services rules will help it compete with the world’s biggest algorithmic traders. Haitong International nearly tripled the size of its trading team over the past 12 months and hired Andrew Freyre-Sanders, a former JPMorgan Chase & Co. executive, to lead its push into markets including the U.S. and Japan…

Ex-JPMorgan Trader Spots a MiFID Gift for His Brokerage

Categories : Finance

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