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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.
Liquidnet has appointed Lara Jacobs as head of international client trading EMEA, The TRADE can reveal. Jacobs has spent the last five years at Liquidnet, most recently serving as an equity trader – a role she held for the last three and a half years. This followed an internship at M&G Investments in 2017.
BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses. Bianca Gould was appointed head of fixed income and equities EMEA, based in London. Paul Battams was named head of international equitytrading at BlackRock following 23 years with the firm.
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.
The London Stock Exchange Group (LSEG) has moved to further expand its post-trade capabilities with the acquisition of Axoni’s post-trade technology. Amongst the new technology acquired by LSEG is Axoni’s Veris network, a post-trade lifecycle and reconciliation management platform for equity swaps that launched in 2020.
Citi has named a new head of electronic equity sales trading for the EMEA region, The TRADE can reveal. He joined the bank as a permanent fixture in 2016 as a graduate analyst in its markets division, later moving into equity sales trading in 2018.
Janus Henderson has promoted from within for its new head of equitytrading for EMEA. Glen Pattison will take up the role in December after five years at Janus Henderson, having joined in 2018 as a senior trader. We have an exceptional trading team here at Janus Henderson with plenty of talent to draw from.
The London Stock Exchange Group (LSEG) has reported positive first half results on the back of strong growth in its data and analytics and post-trade divisions. Total income grew to £4 billion, marking an 8% increase in comparison with H1 results from 2022, largely thanks to an “outstanding” 19% growth in post-trade revenues.
With respect to equity markets, AFME, EFAMA and BVI highlight that EU companies are continuing to take their initial public offerings (IPOs) outside of the EU or move their listings elsewhere to seek better valuations – emphasising that EU equity markets cannot continue to lag behind their peers. “In
The Canadian Imperial Bank of Commerce (CIBC) has made a new senior hire for its equitytrading unit in London, according to two sources with knowledge of the matter. The team in London will reportedly consist of three members of staff who will be responsible for trading, sales and growing the equities business.
Cboe Europe has confirmed plans for the launch of its new volume weighted average price (VWAP) crossing service for equities at the end of this year. Natan Tiefenbrun It will utilise BIDS’ conditional trade negotiation and execution workflow to match orders based on a standard and exchange-regulated VWAP methodology.
The Securities and Exchange Commission (SEC) has charged Morgan Stanley and Pawan Passi, former head of its equity syndicate desk, with multi-year fraud linked to block trades. Instead, Morgan Stanley and Passi abused that trust by leaking that same information and using it to position themselves ahead of those trades.
US investment bank Stifel has made a number of jobs cuts to its London equities business in recent weeks according to two people familiar with the matter. A number of equity research roles were also cut, the people said. A number of equity research roles were also cut, the people said.
Almost half (49%) of traders claim that the Financial Conduct Authority’s (FCA) post-Brexit ESMA decision to remove double volume caps (DVCs) will have little impact on dark trading, according to recent survey findings by SIX Swiss Exchange.
at the end of 2018 according to the Council for Board Diversity in Singapore. Read more: The TRADE launches Diversity & Inclusion Survey for 2024 Among our efforts as an exchange to promote diversity, we mandated listed companies to set a board diversity policy back in 2021. as of June 2023, up from 15.2%
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!
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. Previously he worked as an equities and fixed income trader at James Hambro & Partners and before that as a high touch cash equities trader for Jefferies.
By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success Raising private equity funds is seen as the holy grail for businesses who want to grow quickly, simply because the strength of capital opens the door for rapid growth.
Head of London equitytrading at Morgan Stanley Investment Management, Mark Perry, has retired The TRADE revealed. Perry’s retirement follows several other major retirements from buy-side trading heads in recent months. Also notable was the announcement of Jeremy Ellis’ retirement as head of European equitytrading at T.
The relationship between banks and their clients has shifted in recent years as the advancement of technology has encouraged a broader range of firms to become more autonomous with how they execute smaller trades and less risk averse with larger ones. Goldman Sachs’ equities revenues globally had fallen from $3.24
Walker originally joined LSEG in 2018 and has since served as head of equity and fixed income primary markets. Before joining LSEG, Walker worked within JP Morgan Cazenove’s equity capital markets team, where he was responsible for originating and executing equity transactions.
Zakria Hussain has left Crédit Agricole, where he most recently served as global head of eFX spot trading, to join Nomura Group’s digital assets subsidiary Laser Digital as head of OTC trading. Liquidnet appointed Lara Jacobs as head of international client trading EMEA.
The ‘corporate and investment banking: spending priorities’ report from Coalition Greenwich assessed the performance of the 12 largest corporate and investment banks (by revenue) globally since 2018, which comprised banks including: Bank of America, Deutsche Bank, JP Morgan, UBS, HSBC, and Citi.
Walker originally joined LSEG in 2018 and has since served as head of equity and fixed income primary markets. Before joining LSEG, Walker worked within JP Morgan Cazenove’s equity capital markets team, where he was responsible for originating and executing equity transactions.
The four separate rulemakings put forward by the US Securities and Exchange Commission (SEC) in December last year represent the most significant attempt to revamp market structure for US equities in recent memory. While evolution of equities market structure in the US is long overdue, what form it should come in is up for debate.
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. Alongside his appointment, Redburn Atlantic sales trader Luc Demoulin was appointed EU head of sales trading.
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. He will report to Blatch.
and its affiliates), a private equity firm that had a controlling interest in plaintiff and whose partners served on plaintiff's board, with one as chairman. 360, 2018 (Del. On February 7, 2019, the Delaware Supreme Court issued an order affirming the dismissal of misappropriation claims by Alarm.com Holdings, Inc.
Our recent blog posts have covered the private equity boom in insurance brokerages , however, the reality is that the vast preponderance of insurance brokerages (probably over 95%) have revenues under $5 million annually. How can you take advantage of the dramatic upsurge of private equity investment in the insurance brokerage?
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. He joined Nasdaq European Markets in its European equities sales team based in London after nearly six years at Citadel Securities.
Justin Llewellyn-Jones, head of capital markets, North America (equities, FX and derivatives) and chief product officer for capital markets at fintech firm Broadridge has announced his departure after more than four years with the business. The post Broadridge capital markets head to depart appeared first on The TRADE.
Sam Hewson – previously global head of digital FX solutions and EMEA head of corporate sales and solutions (CSS) – was appointed global head of FX sales, according to an internal memo seen by The TRADE. Elsewhere, Jamie Mortimore is set to re-join Citi to lead the newly formed global rates algo trading team.
This realisation became one of the catalysts which has sparked more of an acceptance of outsourcing parts of the trading desk among buy-side firms, something which many once considered – though some still do – an unthinkable concept. Outsourced trading is no longer a taboo topic. It’s no longer all or nothing.
For the better part of the last decade, physician practices have seen a wave of consolidation by hospitals and private equity with 2018 being no exception [1]. In fact, acquisitions by hospitals and private equity in provider services broke records last year according to Bain & Co’s 2019 global healthcare report.
of the market conduct segment of the watchdog’s handbook, which requires a firm to have in place “effective systems and controls, suitable to the business it operates, to ensure that its trading systems prevent the sending of erroneous orders, or the systems otherwise function in a way that may create or contribute to a disorderly market”.
Booij, who is joining the Eurex executive board in May, most recently served as chief executive of ABN AMRO Clearing, having been appointed in 2018. Abhay Kumar Sinha was named co-head of credit trading, Asia Pacific at Barclays, set to lead the credit business alongside James Roberts.
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.
and its affiliates), a private equity firm that had a controlling interest in plaintiff and whose partners served on plaintiff's board, with one as chairman. 360, 2018 (Del. On February 7, 2019, the Delaware Supreme Court issued an order affirming the dismissal of misappropriation claims by Alarm.com Holdings, Inc.
The CTP for shares and exchange traded funds ETFs will initiate in June 2025 with plans for a decision on by the end of 2025. The post ESMA to pick bond CTP by July 2025 appeared first on The TRADE.
Last year, its tech start-ups raised a record £532m and it has seen steady venture capital investment since 2018. Manchester’s got heathtech, SaaS, e-commerce, payments, cyber… it’s a really diverse tech economy,” Katie Gallagher, managing director of digital tech trade body Manchester Digital tells Growth Business. to date. . #7
Royal London Asset Management’s (RLAM) trading team is no stranger to change. After moving to a centralised equity dealing desk in 2002, the institution added fixed income to the mix to create a multi-asset offering in 2018. More recently though, RLAM’s trading team has undergone another revamp. It’s too broad.
The S&P 500 has recently traded near 4800, close to its record at the end of 2021. There are only a few publicly traded companies in specialty consulting. And, at least in recent years, there has been enough capital at private equity firms to handle any liquidity needs. As 2024 starts, the U.S.
In comparison with the US, China, Japan and some of the MENA markets, European traded volumes went from representing around 15% over that universe in 2018 to just about under 10% today. What is driving the next stage of innovation in equities? What should regulators’ focus be to foster more growth in Europe?
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