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FIS acquires post-trade platform Torstone Technology

The TRADE

Fintech giant FIS has acquired SaaS post-trade platform Torstone Technology, according to multiple sources close to the matter. Some of its major recent mandates include a 10-year agreement to provide post-trade technology to BNP Paribas and $1.5

Trading 109
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The Insider’s Guide to Insider Trading

Peak Frameworks

Insider trading , a highly controversial topic in financial ethics and law, involves the trading of a public company's stock by individuals with access to non-public, material information about the company. Contrary to popular belief, not all insider trading is illegal.

Trading 52
Insiders

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Singaporean investment manager New Silk Road outsources trading to Northern Trust

The TRADE

Singapore-based investment manager New Silk Road has outsourced its trading to Northern Trust as it seeks to fortify its offering as T+1 looms. We look forward to continuing to build our relationship with New Silk Road to enhance their global trading needs.”

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RBC’s electronic trading co-head Bianca Gould to depart as part of streamlining across the bank

The TRADE

RBC’s co-head of European electronic sales and trading, Bianca Gould, is set to leave the bank after almost three years as part of streamlining measures across the business. Gould joined RBC Capital Markets in October 2020 to co-lead its European low touch sales and trading business alongside Chris Parker who has been in the role since 2011.

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3forge receives capital injection from Morgan Stanley

The TRADE

The injection is the first time since its 2011 launch that 3forge has raised external capital. Recently, new start-up hedge fund Jain Global – product of former Credit Suisse and Millennium Management veteran Bobby Jain – selected 3forge’s platform to support its trading activities.

Capital 57
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C8 Technologies enhances FX hedging platform with carry strategies

The TRADE

At the heart of the FX carry trade is the idea that, as diverging economic performance is reflected in widening interest rate differentials, this interest differential can be harvested whilst currencies of better performing economies can also strengthen,” said Webb.

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People Moves Monday: Berenberg, EuroCTP, Aquis Exchange and more…

The TRADE

Albon has been appointed associate director, senior sales for EMEA electronic trading and program trading, set to join the firm in February next year. She will report to global head of electronic trading and distribution, Jason Rand. She began her career at Newedge in a cash equity trading and sales role.

Trading 62