The TRADE

OCTOBER 1, 2024

The US Securities and Exchange Commission (SEC) has charged TD Securities with manipulating the US Treasury cash securities market through an illicit spoofing scheme between April 2018 and May 2019. The firm was ordered to pay $6.5

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The New York Times: Banking

JANUARY 12, 2024

Federal prosecutors found at least one employee at the Wall Street firm had committed deceptive practices in handling trades of large blocks of stock from 2018 to 2021.

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The TRADE

SEPTEMBER 16, 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.

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The TRADE

AUGUST 3, 2023

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.

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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

NOVEMBER 9, 2023

Find previous years’ recognised shortlists here: 2022 –  2021  –  2020  –  2019  –  2018  –  2017  –  2016  –  2015. Congratulations to all the winners below.

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The TRADE

MARCH 8, 2024

Leithner will take over the position from Theodor Weimer who has held the CEO job since 2018. Leithner has been a member of the executive board of Deutsche Börse AG since 2018, responsible for pre- & post-trading. Weimer took over the CEO role in 2018, moving over from his CEO position at HypoVereinsbank UniCredit Bank.

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The TRADE

JULY 17, 2024

Citi has named a new head of electronic equity sales trading for the EMEA region, The TRADE can reveal. Jamie Miller Based in London, Jamie Miller has been appointed to head up the division in EMEA after eight and a half years as an employee of the bank, specialising in equity sales trading, according to an update on his social media.

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Global Banking & Finance

NOVEMBER 1, 2024

LONDON (Reuters) – The pound stabilised on Friday after a volatile few sessions, but still headed for its longest stretch of weekly losses in nearly six years, as political and monetary uncertainty has prompted investors to favour the dollar lately.

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The TRADE

JUNE 1, 2023

Market structure changes in the Euro investment grade (IG) markets and new drivers of liquidity are evolving buy-side trading styles, a whitepaper by Flow Traders has found. The percentage of trades within this ticket size increased to 29% last year, up from 23% in 2018. million and 2.5

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The TRADE

OCTOBER 18, 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, 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.

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The TRADE

FEBRUARY 28, 2024

Parris has been with the business since 2018 and has held different senior roles during his tenure, most recently as director, EMEA sales focused on sell-side tier 1 client engagement. The post Euronext FX appoints new head of sales appeared first on The TRADE.

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The TRADE

JANUARY 12, 2024

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.

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The TRADE

NOVEMBER 9, 2023

Janus Henderson has promoted from within for its new head of equity trading 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.

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The TRADE

JUNE 29, 2023

Cboe has expanded the trading period for in its high yield and investment grade corporate bond futures to nearly 24-hours per weekday to help investors manage their credit portfolios. Both new IBYO and IBGO options will be physically settled and will trade electronically on CFE during regular trading hours.

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The TRADE

NOVEMBER 29, 2023

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.

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The TRADE

JULY 8, 2024

Set to launch in the fourth quarter, the VWAP-X service will be made available through block trading platform Cboe BIDS Europe and will give users a greater chance of sourcing and matching liquidity at a forward benchmark price. Trades will be reported in real time as off-book on-exchange executions.

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The TRADE

JUNE 23, 2023

“In making rules, policy makers must consider in particular the impact that such rules will have on market liquidity, which is a key consideration for companies seeking better valuations to finance their investments,” said the three trade associations in a joint statement.

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Global Banking & Finance

MARCH 26, 2024

James Lie to lead regional e-commerce efforts from Singapore Allianz Trade in Asia Pacific is pleased to appoint James Lie as Regional Head of E-Commerce effective 1 April 2024. Mr Lie joined Allianz Trade in 2018 as Country Manager for Indonesia. He will be stationed in Singapore.

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The TRADE

JULY 14, 2023

The Canadian Imperial Bank of Commerce (CIBC) has made a new senior hire for its equity trading 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.

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The TRADE

JUNE 23, 2023

According to the SEC’s order, in June 2019, JP Morgan employees “erroneously” deleted electronic communications – some 47 million emails – from the first quarter of 2018, believing that the documents were coded in a way to prevent permanent deletion due to written communications from the bank’s archiving third party vendor.

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The TRADE

SEPTEMBER 18, 2023

The FCA’s ‘supervisory strategy for Principal Trading Firms (PTF)’ letter – circulated to chief executives last month – highlighted five key areas of focus for the regulator for the next two years. The TRADE takes a look at what the FCA’s planned strategy means for the market empirically.

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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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TechCrunch: M&A

AUGUST 18, 2023

In the years that followed, Boxed reportedly rejected a $400 million buyout offer from grocer Kroger in 2018, then later partnered with one of Asia’s largest retailers (Aeon) in 2021 for an expansion. At the time, Boxed had more than 7 million registered users and reported it was close to profitability.

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Mergers and Acquisitions Retail Food Acquisitions 202

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

JANUARY 15, 2024

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.

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The TRADE

JANUARY 9, 2024

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.

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TechCrunch: M&A

JUNE 27, 2023

Founded in 2018, Berbix focuses on verifying users’ identities by checking scanned IDs in real time. Socure , the identity verification service that raised a massive $450 million Series E round at a $4.5 Berbix previously raised a total of $11.6 million , including a $9 million Series A round led by Mayfield in 2020.

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Shearman & Sterling

FEBRUARY 27, 2018

On February 15, 2018, Vice Chancellor J. Verition Partners Master Fund Ltd. Aruba Networks, Inc., 11448-VCL (Del. The Court reached this conclusion by applying the efficient market hypothesis espoused by the Delaware Supreme Court in Dell but expressed reservations about doing so.

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The TRADE

OCTOBER 4, 2023

Sam Hewson – previously global head of digital FX solutions and EMEA head of corporate sales and solutions (CSS) – has been appointed global head of FX sales, effective immediately, according to an internal memo seen by The TRADE. The post Citi promotes from within for newly created global head of FX sales role appeared first on The TRADE.

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The TRADE

JULY 22, 2024

Head of London equity trading 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 equity trading at T.

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Shearman & Sterling

FEBRUARY 21, 2018

On February 8, 2018, Justice Shirley Werner Kornreich of the New York Supreme Court denied a motion for final approval of a disclosure-only settlement in a class action suit brought by shareholders of Martin Marietta Materials, Inc. ("MMM") regarding its acquisition of Texas Industries, Inc. ("TXI"). City Trading Fund v.

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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. 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.”

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The TRADE

JULY 26, 2024

Full bundling would lead to opacity of prices paid for research services, challenge the ability to compare prices paid across research providers, and not preserve competition in the separate markets for research and trade execution,” said the watchdog in its findings. “We

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The TRADE

JUNE 11, 2024

Start-up hedge fund Jain Global has appointed a former Credit Suisse vice president and electronic sales trader to join its ranks on the trading desk ahead of its launch, The TRADE can reveal. Emily Facchina Fluet joins Jain as a trader working in London under head of EMEA trading, Jeremy Wyatt. Jain Global declined to comment.

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The TRADE

MARCH 11, 2024

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%

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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. He was recognised as a Rising Star of Trading and Execution at Leaders in Trading in 2021. Whelan joined Pictet AM as an equity trader back in 2016.

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