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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.
Stuart Lawrence has been appointed head of European equities trading at UBS AssetManagement four and a half years after he joined the firm in June 2019. He was most recently head of UK equity trading at UBS AssetManagement, having previously served as a high touch equity sales trader at Kepler Cheuvreux.
Almost two thirds (63%) of buy-side equity market participants believe outsourced desks would result in improved execution quality and trade performance when trading across regions, according to new research from Coalition Greenwich. This figure was up markedly from similar research in 2020, which had the result at 5%.
Aleksandar Ivanovic UBS has chosen Aleksandar Ivanovic to succeed Suni Harford as president of assetmanagement upon her departure, with the appointment effective from 1 March. Prior to this most recent appointment, was head of client coverage and head of the EMEA and Switzerland regions for assetmanagement.
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.
Legal & General Investment Management (LGIM) has promoted one of its own to the role of head of US equity and foreign exchange trading, The TRADE can reveal. Gregory Corrigan has been selected to take up the reins for US equity and FX trading after eight years at LGIM.
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.
Lastly, as active management becomes more relevant again, so too the impact a buy-side trader can have on the investment process; gone are the days of execution only dealers. The post The TRADE predictions series 2024: Market volatility appeared first on The TRADE.
In 2019, Nutting was nominated by her industry peers as one of The TRADE’s Rising Stars of Trading and Execution, and just four years later, she was shortlisted for The TRADE’s coveted Buy-side Trader of the Year Award. What has your journey to the trading desk been like? What drew you to trading?
Milan-based O’Connor joins following almost 15 years at ACCIONA Group’s Spanish assetmanager, BESTINVER. The post BESTINVER sales trader joins MIT SIM appeared first on The TRADE. He most recently served as e quity sales trader, leveraging key knowledge of the Italian, Swiss, US and UK markets.
The London-based trading team at Ninety One has a very particular set of skills. The active investment manager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. Ninety One’s trading team consists of 17 globally with six – soon to be seven – based in London.
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!
Rikki Corbyn left State Street Global Advisors (SSGA) following 11 and a half years with the firm, The TRADE learnt. He also previously served as managing director at both American Express Bank International and Deutsche Bank, Argentina. Before that, she co-founded Vicenda AssetManagement in Zug, Switzerland.
Polar Capital’s head of trading Alex Jenkins has left the boutique hedge fund to join rival Millennium later this year, The TRADE can reveal. Her new title is unconfirmed; however, The TRADE understands that it is not a trading role. The post People Moves Monday: Shifts in the trading space appeared first on The TRADE.
Federated Hermes has selected a former MarketAxess individual to join its trading desk as a junior credit trader, The TRADE can reveal. Imogen Hepsworth has been appointed to the desk at the London-headquartered assetmanager after spending the last four and a half years at MarketAxess in a facilitation trading role.
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capital markets for decades in some form or another. However, an undeniable surge has occurred across the trading sphere over the last few years, with decidedly mixed results. And the number is climbing.
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.
Luke Holmes, head of equity sales trading, US clients at Kepler Cheuvreux left the firm after five years, as revealed by The TRADE. Holmes joined Kepler in 2019 having previously served in equity sales trading roles at Sanford C. Alesi joined the assetmanager from GSA Capital, where she spent the last two years.
Arline Sueng and Rudy Nakache have joined the Amundi FICC trading desk as senior credit trader and rate trader respectively, The TRADE ca n reveal. Both moved to Amundi on 1 September, The TRADE understands. The TRADE has also learnt that the transfer of other traders is also planned to take place before the end of this year.
Two former London Stock Exchange Group (LSEG) and SIX Swiss Exchange sales specialists were selected to join US equites alternative trading system (ATS) OneChronos to support its push into Europe. Federated Hermes selected Imogen Hepsworth to join its trading desk as a junior credit trader.
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.
Arline Sueng and Rudy Nakache joined the Amundi FICC trading desk as senior credit trader and rate trader, respectively. Both moved to Amundi on 1 September, The TRADE understands. The post People Moves Monday: Amundi, Panmure Liberum and UBS appeared first on The TRADE.
Non-deliverable forwards (NDFs) have not always gone hand in hand with algorithmic trading, but in light of recent market developments, this could be about to change. The instruments have been pegged by the buy-side as the next frontier when it comes to algorithmic trading efforts in the foreign exchange (FX) markets.
Starting from 22 January, Eurex will begin trading futures on SRI indices calculated by STOXX and MSCI, strategic partners in Eurex’s offering of derivatives on ESG indices. Average daily trading volume last year was more than 12,000 contracts, with annual trading volume roughly 5% above 2022.
He re-joined the agency only broker-dealer after also previously serving as a director for almost three years from 2019 to 2022. 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.
He was previously head of international trading analytics and strategy at Vanguard, having joined in 2019. His new role will see Robert take charge of the firm’s market structure content and “provide key regulatory insights to assist clients in navigating the complexities of the equities trading ecosystem”.
When you look at some of the larger currency control moves such as Malaysia in 2016 or Argentina in 2019, they have certainly placed more eyes on internal processes and external offerings. Where is there still room for innovation and improvement in restricted currency trading in order to make execution more efficient?
Distressed Debt Hedge Funds Definition: Distressed debt hedge funds buy and sell debt that is trading at a steep discount to face value, such as 40%+, and make money by betting on changes in the price of this debt or using it to gain influence in a restructuring or bankruptcy process.
Beasley joined Goldman Sachs to manage its new-look market structure team in 2019. The TRADE would like to extend its congratulations once again to Beasley for her award! The post Goldman Sachs’ Eleanor Beasley takes home the Industry Person of the Year Award 2023 appeared first on The TRADE.
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 In June it reached 25%, the highest since early 2019. “In
Chicago-based head of US trading at Legal and General Investment Management (LGIM) Ryan Raymond has seen enough economic turmoil during his career to know what to do when markets turn volatile. Specialising in fixed income, specifically credit, Raymond has over two decades of trading experience under his belt.
In recent years, exchange-traded funds (ETFs) have undergone significant evolution, shifting from simple passive investment instruments to more versatile tools that help reinforce a range of strategies. However, huge disparities exist between trading volumes in the US and Pan-European markets. In Europe, ETFs accounted for $782.9
Investor appetite for such investments is rapidly increasing, as banks, assetmanagers and large corporates all seek ways to invest in sustainability. Rising maturity heralds a bright future All of this underlines a unique alignment between DLT and what’s needed for cost-effective green bond issuance, investment and trading.
The industry’s growth has been remarkable—while it took five decades to accumulate assets under management (AUM) of Rs 10 lakh crore by 2013, the following six years saw this figure more than double, reaching Rs 23 lakh crore by 2019. Fast forward to August 2024, and the AUM has now surged to an impressive Rs 66.70
But running through the Brighton born and bred Papanichola’s veins is an activist streak that has continued to influence his decisions and shape the course of his career to date, ultimately leading him to his current role as head of trading at London-based activist hedge fund, Bluebell Capital Partners.
These charges were in the spotlight in 2019 when U.S. Trading and Proprietary Trading Many large banks are involved in trading activities. This can be trading on behalf of their clients (like when you buy a stock through a bank's brokerage service) or proprietary trading where banks invest their own money.
“Taken to its logical extreme, the only way to address this ‘information asymmetry’ would be to compel every investor to make public all of its research regarding a given company prior to trading,” Zabel added. Sandell AssetManagement and Marcato Capital, two members of the SharkWatch 50, were closed in 2019, The Deal previously reported.
“Taken to its logical extreme, the only way to address this ‘information asymmetry’ would be to compel every investor to make public all of its research regarding a given company prior to trading,” Zabel added. The list, for instance, lists zero assets for Elliott, and two other prominent activists, TCI Fund Management Ltd.
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.,
“Year-to-date, we’re seeing for the first time in many years a notable uptick in new fund launches and spin outs from bigger places,” says Jack Seibald, managing director, co-head of Marex prime services and outsourced trading. They are now trading in all these other asset classes. billion in 2023.
The Growth Imperative for Field Service Management Software As demand for these solutions surges, FSM Software companies are navigating a highly competitive landscape. The FSM Software space has seen significant M&A activity in recent years, driven by the growing demand for digital transformation in Field Service Operations.
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