The TRADE

JULY 25, 2024

Ninety One trader Tom Nickalls is set to leave the asset manager after 11 years to join Morgan Stanley, The TRADE can reveal. After 11 years my time at Ninety One (and formerly Investec Asset Management) has come to an end. He was recognised as a Rising Star of Trading and Execution at Leaders in Trading in 2021.

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The TRADE

NOVEMBER 6, 2023

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!

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The TRADE

AUGUST 15, 2023

The TRADE’s Rising Stars Awards return for their ninth year, recognising the brightest up-and-coming talent across trading and execution for 2023. In partnership with Instinet, nominations are now open for candidates currently working in a trading role with a buy-side firm. Further details of the event can be found here.

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The TRADE

MARCH 11, 2024

BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses. Gould joined BNY Mellon after three years at RBC Capital Markets where she previously served as co-head of equities electronic sales and trading. The two will operate as co-CEOs until the end of the year.

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The TRADE

JULY 29, 2024

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. Kirk joins the capital management firm with experience working as a trader on both the buy- and sell-side.

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The TRADE

JUNE 23, 2023

EU asset managers, banks and brokers are urging policy markets not to succumb to pressure that could potentially lead to suboptimal outcomes in the Markets in Financial Instruments Directive (Mifid/r) review.

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The TRADE

JULY 26, 2024

Allocating a budget down to individual teams is common practice, but for some asset managers who consume and repackage research insights centrally this would not have been an option.” The post FCA to offer partly ‘rebundled’ research to support UK buy-side appeared first on The TRADE.

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The TRADE

OCTOBER 23, 2023

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. and Lloyds Banking Group, before joining J O Hambro in 2018. De Kock has held the position since 2010 and his next role is so far unconfirmed.

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The TRADE

MARCH 4, 2024

Redburn Atlantic has expanded its UK and European execution business with two new heads of sales trading. Tony Atkins was appointed UK head of sales trading. Atkins joined Redburn Atlantic in 2004 as a sales trader having previously served for eight years at Morgan Grenfell and two years at Marathon Asset Management.

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The TRADE

JUNE 17, 2024

Start-up hedge fund Jain Global appointed a former Credit Suisse vice president and electronic sales trader to join its ranks on the trading desk ahead of its launch. Emily Facchina Fluet joined Jain as a trader working in London under head of EMEA trading, Jeremy Wyatt. Fluet parted ways with Credit Suisse in November last year.

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The TRADE

DECEMBER 4, 2023

Sparacino has an extensive career in options trading after also previously in senior sales and options roles for four years at Dash Financial Technologies and six and a half years at ConvergEx Group. The post People Moves Monday: Matrix Executions, Broadridge and CLSA appeared first on The TRADE.

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The TRADE

JUNE 12, 2023

Citi appointed Leo Arduini as interim head of FX, effectively immediately, according to an internal memo seen by The TRADE. He later became head of markets for Asia in 2018, taking on his most recent role as head of global foreign exchange last year.

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The TRADE

JUNE 19, 2023

The SEC also found, in the second action, that between April 2011 to November 2017, PIMCO failed to waive an estimated $27 million of advisory fees as required by its agreement with the PIMCO All Asset All Authority Fund. The post PIMCO charged by the SEC for swaps disclosure and procedures failures appeared first on The TRADE.

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The TRADE

JULY 3, 2023

Following the implementation of Mifid II in 2018, Europe unbundled trading and research, resulting in all asset managers having to pay for research in cash only. European asset managers looking for diversity and greater competition in US broker research will also be impacted by the lapse.

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The TRADE

JULY 21, 2023

Lit primary activity settled at 30% of average daily principal in Europe in both May and June for the first time, Liquidnet’s latest liquidity landscape report has found, highlighting a need to source liquidity from outside of intraday continuous trading. “As billion in Q1 to $3.83 In June it reached 25%, the highest since early 2019. “In

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The TRADE

JULY 17, 2024

Royal London Asset Management’s (RLAM) trading team is no stranger to change. The London-based asset manager has undergone not one but three makeovers in recent years as it continues to evolve with the demands of the street. More recently though, RLAM’s trading team has undergone another revamp.

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The TRADE

APRIL 30, 2024

New rules have impacted almost every financial firm, ranging from banks to asset managers. The importance of these rules can be linked to the reshaping of the regulatory environment and ultimately creating a more robust trading environment and promoting investor confidence.

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Mergers and Inquisitions

JANUARY 31, 2024

Here’s a quick run-down of the other differences: Performance Targets: Like all hedge funds, single-manager funds aim for high absolute returns (e.g., Portfolio Structure: Unlike MM portfolios, SM portfolios do not have to be market–neutral or based on pair trades; many SM funds also tend to run much more concentrated portfolios (e.g.,

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The TRADE

OCTOBER 19, 2023

Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding FX Trading Venue, showcasing excellence in the foreign exchange community.

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The TRADE

JANUARY 3, 2024

The service provider landscape for outsourced trading is made up of an eclectic mix of firms. Trading is in their DNA and their executives are often straight-to-the-point in their communication. Trading is in their DNA and their executives are often straight-to-the-point in their communication.

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The TRADE

SEPTEMBER 18, 2023

Grasso joined FlexTrade last year after three and a half years at Bloomberg, also with a buy-side OMS focus, most recently serving as an account manager for its AIM solution. Previously he also served across ANIMA Asset Management and Mediobanca.

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The TRADE

DECEMBER 21, 2023

For some asset managers and hedge funds, the seemingly impossible notion of all traders not physically sitting together on a centralised desk and communicating face-to-face was all but wiped away overnight as the hybrid working setup was forcibly tested and passed with flying colours. Outsourced trading is no longer a taboo topic.

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