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Borderless Capital, an investment firm that specializes in web3, announced Tuesday that it is acquiring CTF Capital, a quantitative trading and assetmanagement firm headquartered in Miami, with technology and operation teams in Latin America. The financial details of the deal were not disclosed. All rights reserved.
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.
From an operational standpoint, we expect three strategic priorities to dominate in 2018: 1. The industry is rethinking how to manage the generation, storage, transformation, usage and retirement of both structured and unstructured data. A growing need to make sense of unstructured data – and use it. Robotic Process Automation.
Sarasin & Partners has appointed a former Odey AssetManagement trader to join its ranks as a multi-asset dealer, The TRADE can reveal. Neil Palan joins Sarasin & Partners as a multi-asset dealer after over 16 years with Odey AssetManagement.
Nasdaq European Markets selected Matteo Balladori, former head of European business development at Citadel Securities, to join the venue as a senior sales director, The TRADE revealed. Childs previously spent almost three years with Jefferies after co-founding treasury technology start-up Kayenta in 2018.
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.
Running for its ninth year, the Rising Stars initiative, in partnership with Instinet, has recognised a number of up-and-coming talents over the years, many of whom have gone on to hold impressive roles and head up some of the largest and most successful desks across the world’s leading assetmanagers and hedge funds.
Allocating a budget down to individual teams is common practice, but for some assetmanagers 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.
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, The TRADE can reveal. 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.
Royal London AssetManagement’s (RLAM) trading team is no stranger to change. The London-based assetmanager 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.
EU assetmanagers, 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.
David Kirk is set to join Millennium, following almost three and a half years at Marble Bar AssetManagement 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.
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 assetmanager after 11 years to join Morgan Stanley, The TRADE can reveal. After 11 years my time at Ninety One (and formerly Investec AssetManagement) has come to an end. 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. 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.
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 AssetManagement.
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.
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.
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.
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.
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.
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 AssetManagement and Mediobanca.
Following the implementation of Mifid II in 2018, Europe unbundled trading and research, resulting in all assetmanagers having to pay for research in cash only. European assetmanagers looking for diversity and greater competition in US broker research will also be impacted by the lapse.
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.
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
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.,
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.
New rules have impacted almost every financial firm, ranging from banks to assetmanagers. 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.
For some assetmanagers 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.
Spencer Copp has joined Jefferies as an equity trader following his departure from Jupiter AssetManagement in December 2024, where he had most recently served as a senior dealer. The post Ex-Jupiter AM trader joins Jefferies appeared first on The TRADE. Copp confirmed his new position in a social media announcement.
Stephen Grady, head of global markets and executive vice president at Lombard Odier, accepted a Lifetime Achievement Award from The TRADE last night at Leaders in Trading 2024. He then moved to London in 1997 for a senior dealer role at Legal & General Investment Management.
Liontrusts chief commercial officer and former head of trading, Matt McLoughlin, left the UK-based assetmanager after 10 years, The TRADE revealed. His departure followed news broken by The TRADE in January that Liontrust was exploring outsourcing its trading to BNY.
Fidelity Internationals head of debt capital markets for EMEA is set to leave the buy-side firm, The TRADE can reveal. ” Whyman has been with Fidelity International since 2018 where he joined as a senior fixed income trader. in emerging markets roles and two and a half years at Bear Stearns International Trading.
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