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For the first time, The TRADE is announcing the 2023 Rising Stars of Trading and Execution ahead of the gala awards ceremony, Leaders in Trading on 8 November. Find previous years’ recognised shortlists here: 2022 – 2021 – 2020 – 2019 – 2018 – 2017 – 2016 – 2015.
Fintech giant FIS has acquired SaaS post-trade platform Torstone Technology, according to multiple sources close to the matter. The deal will further bolster FIS’ capital markets technology offering, having acquired SunGard in a major deal back in 2015.
Trading Technologies (TT) has made three new appointments to its senior leadership team, including chief operating officer; executive vice president of fixed income; and executive vice president of futures and options – all of which will join the firm on 1 January 2024.
Union Investment’s Christoph Hock is set to step away from his role as head of multi-asset trading later this year to pursue an opportunity in digital assets and tokenisation within the asset management firm, The TRADE can reveal. Union is bolstering its digital assets division, The TRADE understands.
Tradeweb has won the bid to supply electronic trading platforms (ETP) to the European Central Bank for the next four years. The news follows a similar win by Tradeweb in 2015 where it also secured the tender to supply ETPs to the central bank following a bid process.
Commodities specialist Marex has completed its acquisition of TD Cowen’s outsourced trading and prime brokerage business, first announced in September. Rosen and Seibald have been with the business since its inception in the ’90s, selling it to Cowen in 2015. TD Bank Group then agreed to acquire Cowen in August 2022. “The
Industry stalwart Dan Hinxman has joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. Earlier in his career, Hinxman has also held senior positions a CME Group before departing in 2015, most recently working as head of sales and commercial development for CME Europe.
The Financial Industry Regulatory Authority’s (FINRA) findings state that Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill) and BofA Securities (together BAML) failed to establish and maintain a supervisory system and written supervisory procedures reasonably designed to detect potentially manipulative trading.
James Kirk has joined independent outsourced trading services provider Tourmaline Partners as managing director, according to an announcement on social media. Earlier this month he announced his departure from Liquidnet where he most recently served as co-head of trading for EMEA for two years, having originally joined the business in 2015.
Liquidnet’s co-head of trading for EMEA, James Kirk, has departed for pastures new, The TRADE can reveal. He departs after spending the last two years as Liquidnet’s co-head of EMEA trading, according to an update on social media. When I joined, we were doing only a handful of trades a day on the execution desk.
Barclays selected an internal candidate and a new hire from BNP Paribas to become its new co-heads of G10 FX trading. New co-heads Torsten Schöneborn and Jerry Minier will be London-based, reporting to Michael Lublinsky, global head of macro, according to an internal memo seen by The TRADE. His next role is unconfirmed.
Christoph Hock, head of multi-asset trading at Union Investment, accepted the Lifetime Achievement Award at The TRADE’s Leaders in Trading 2023 gala awards ceremony last night. The TRADE would like to extend its congratulations to Hock for his long-standing commitment and service to the industry.
However, despite this, Joe Collery, head of trading at Comgest endorsed a measured approach whilst speaking at TradeTech earlier this week. With innovation rife across the emerging markets space, it should come as no surprise that plans for further investment are picking up pace.
Asset manager Ninety One has promoted from within for its new deputy global head of trading and head of trading for South Africa, The TRADE can reveal. Former head of trading for South Africa at Ninety One, Doug Blatch, has been selected to support global head of trading at Ninety One, Cathy Gibson, as deputy.
The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2023. The winner will be decided by a live industry vote at The TRADE’s Leaders in Trading gala awards night on 8 November. Congratulations to this year’s shortlisted nominees!
Ninety One trader Tom Nickalls is set to leave the asset manager after 11 years to join Morgan Stanley, The TRADE can reveal. I knew almost nothing when I joined, but got my head down, and with the support of the people around me was able to move through the company and eventually land on the trading desk.”
David Kirk is set to join Millennium, following almost three and a half years at Marble Bar Asset Management where he most recently served as a trader, The TRADE understands. He was recognised as a Rising Star of Trading and Execution at Leaders in Trading in 2021.
Louis de Kock is set to depart J O Hambro Capital Management in the coming weeks, with Adam Simmons taking over as head of trading, as revealed by The TRADE. Asset manager Ninety One promoted from within for its new deputy global head of trading and head of trading for South Africa. He will report to Blatch.
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.
What has your journey to the trading desk been like? I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. My day may range from trading liquid US stocks to more illiquid European names. I started my career at Bear Stearns in 2001, then migrated to Credit Suisse in 2008.
Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. Earlier in his career, Hinxman also held senior positions at CME Group before departing in 2015, most recently working as head of sales and commercial development for CME Europe.
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. 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.
ICE RMA – part of the ICE Bonds’ suite of trading protocols – is used in dealer-to-dealer fixed income trading. Initially launched in 2015, the service now conducts multiple auctions each week, with 50 registered firms and more than 400 connected users.
KKR Financial Holdings LLC, 125 A.3d 3d 304, 308-09 (Del. The Court dismissed plaintiffs' "quasi-appraisal" claim on the same grounds, observing that quasi-appraisal was merely a remedy for a disclosure claim and not a distinct cause of action.
FOB is an important concept in trade, as it indicates the conditions under which the buyer/seller is liable for the goods. Historically, FOB was coined to standardize and simplify the responsibilities of buyers and sellers in international trade. A recent example of this would be Tesla's acquisition of Grohmann Engineering in Germany.
Royal London Asset Management’s (RLAM) trading team is no stranger to change. Brought in to set up the firm’s fixed income desk was current head of trading and execution analytics, Kevin Flood, who joined RLAM with an extensive trading career previously under his belt, having already served for 15 years at Deutsche Bank.
KKR Financial Holdings LLC, 125 A.3d 3d 304, 308-09 (Del. The Court dismissed plaintiffs' "quasi-appraisal" claim on the same grounds, observing that quasi-appraisal was merely a remedy for a disclosure claim and not a distinct cause of action.
By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success It has been a maritime trade hub for centuries, but it’s tech companies in Bristol that are making waves today. 9 – Vertical Aerospace Stephen Fitzpatrick founded Vertical Aerospace in 2015 after founding unicorn Ovo Energy in 2009.
These include the media, trade associations, non-profit organizations, and local communities. For instance, Volkswagen's " Dieselgate " scandal in 2015, where the carmaker was found to have cheated on emission tests, is a case in point. Stakeholders can also be categorized as voluntary or involuntary.
The oil price drop in 2015-2016, for example, forced many firms to adjust their budgets to the new market reality. China trade war, reallocating budgets to counter increased tariffs, are examples of how important adaptability is. Periodic Review and Adjustment: Budgets aren't static.
In 2015, after a quick devaluation of the Chinese yuan in addition to softening trade volumes, various observers thought that a hard landing might materialize in China. That said, currency markets stabilized, and trade volumes recovered. What is China’s hard landing? As a result, China did not experience this scenario.
Dry PE powder had almost doubled since the end of 2015, when it stood at $750 billion. The trading levels of this debt are much closer to pre-pandemic pricing than those seen in mid-March when the full force of the pandemic first hit. Dry powder reached $1.4 trillion as of December 2019, a record high.
A SPAC is a publicly traded shell company with no underlying operating business that seeks to merge with a target operating company. According to Nasdaq , in 2015, SPACs made up approximately 12% of the IPO market, but by 2020, that number had risen to approximately 53%. What is a SPAC.
The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2024. The winner will be decided by a live industry vote at The TRADE’s Leaders in Trading gala awards night on 7 November at The Savoy. Congratulations to this year’s shortlisted nominees!
2 – Revolut Value: $27.8bn Founded: 2015 What do they do? Fintech Bio: Founded in 2015, Revolut started off offering money transfer and exchange. Cryptocurrency Bio: Blockchain.com allows users to buy, trade and sell cryptocurrency. 8 – Monzo Value: $4.5bn Founded: 2015 What do they do?
toped 5,000 from 2015 to 2016 alone [22] , with the total number of hospital owned physician practices increasing to 80,000 by 2018 [15]. According to another study [13] , between 2012 and 2015 Medicare costs on four specialty services actually increased by $3.1
Panera Bread was a publicly traded company that JAB Holdings B.V. 26, 2015), the court found that plaintiffs had not waived their appraisal rights because the controlling stockholder did not strictly adhere to the terms of the stockholders’ agreement. took private in 2017 for $315/share. 1] In Halpin v. Riverstone Nat’l, Inc.
Federal Trade Commission (FTC) are particularly focused on acquisitions of “nascent technologies” by incumbent high-tech platforms. According to Cornerstone Research , the number of M&A class action filings increased from 34 in 2015 to 85 in 2016, 198 in 2017, and 182 in 2018. In the U.S., Department of Justice (DOJ) and U.S.
Furthermore, as is customary, the provision only restricted a trade to an investor who was known to be on the SharkWatch list. While Unocal and its progeny restrict boards from entrenching themselves against activist stockholders, it’s not clear it should require boards to lay down the red carpet. KKR Financial Holdings LLC , 125 A.3d
Marex to acquire Cowen’s prime brokerage and outsourced trading business from TD At number ten was a story broken by The TRADE in September, news that Cowen’s prime brokerage and outsourced trading business had been acquired by Marex just six months after TD completed its purchase of the business. He will report to Blatch.
The World Trade Organization (WTO ) plays a pivotal role in shaping the global economic landscape. From GATT to WTO The WTO, born out of the General Agreement on Tariffs and Trade (GATT) , has been pivotal since its inception in 1995. GATT’s initial role was to regulate international trade post-WWII.
In November 2015 they launched the Edge Creative Enterprise Fund, a £40m fund with backing from the British Business Bank. Regions covered: Global Fund size: £10m Types of funding round: Seed Investment range: £10,000 – £1m Sectors interested in: Anything digital with focus on gambling, trading, insurance, internet security No.
The sale of a publicly traded company in the US will generally require the approval of the holders of a majority of the voting power of the company’s outstanding shares as a precondition to the sale’s completion. [5] Voting agreements in public M&A transactions. Stockholder litigation. As always, ambiguity begets litigation.
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