The TRADE

OCTOBER 16, 2023

Named Rule 13f-2, the new rule will require institutional investment managers that meet or exceed specific thresholds to report short sale related information for equity securities through Form SHO. In the final ruling the SEC has changed the reporting requirement to occur at the end of the day.

Sale 111

Sale Equities Securities Investment Manager 111

The TRADE

JANUARY 22, 2024

Russo was promoted to the role having served as a senior associate at the firm since October 2021. Prior to his stint at JP Morgan Chase, Russo spent nearly four years at online investment management firm Nutmeg, most recently as senior trader. Before that, O’Driscoll spent just over a year in a junior broker role at the firm.

Trading 69

Trading Sale Investment Manager Broker 69

The TRADE

JUNE 13, 2023

According to the business, the initial rollout “is focused on allocations processing and trade confirmations, with trade lifecycle transparency across the multiple brokers and the clearinghouse on each trade”. Currently, the TDN comprises 16 banks and brokers and 40 investment managers and hedge funds.

Funds 59

Funds Bank Banking Broker 59

The TRADE

NOVEMBER 20, 2023

Umair Khan Marwat joined Millennium as a trader, following almost two and a half years at Balyasny Asset Management. Hong Kong-based Marwat previously worked at Credit Suisse, focused on AES, algorithmic, and direct market access (DMA) trading, before joining Balyasny Asset Management in 2021 as a trader.

Asset Management 64

Asset Management Management Trading Investment 64

The TRADE

OCTOBER 9, 2024

The active investment manager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. At the helm of the team is global head of trading Cathy Gibson who oversees trading across the asset manager’s offices in London, the US, Asia Pacific and South Africa.

Trading 59

Trading Bulge Bracket Asset Management Bank 59

The TRADE

NOVEMBER 2, 2023

As mentioned, regulation has redefined bank balance sheets and we’ve consequently witnessed a change in the composition of the traditional broker-dealer community. What has got us here are similar dynamics I spoke to in relation to a change in trader role and will continue to drive modernisation forward.

Trading 64

Trading Portfolio Bank Banking 64

The TRADE

DECEMBER 12, 2024

This marks a 12% increase since January 2021. Longer term, if we end up with a large part of the market trading bilaterally then we may start seeing impacts elsewhere for example, will traditional brokers start reducing resources in other areas to focus more on liquidity provision? Asks Canwell.

Book-building 52

Book-building Trading Electronics IT 52