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The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2024. Industry Person of the Year 2024 shortlist: James Baugh, managing director, head of European market structure, TD Cowen James Baugh is an industry stalwart, having worked in the financialmarkets for over 25 years.
The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2023, with considerable improvement across data and analytics, capital markets, and in particular, post-trade. year-on-year increase, while capital markets saw a 6.1% In capital markets, the 6.1% rise year-on-year as compared to 2022.
CME Group has enhanced its partnership with Google Cloud as it plans for a new private cloud region and co-location facility in Illinois aimed at bolstering its markets offering for futures and options. Over the last three to four years significant investments have been made, and long-term partnerships forged across the market.
James Baugh, managing director, head of European market structure, TD Cowen was voted industry person of the year at last night’s glittering Leaders in Trading awards gala. Baugh is an industry stalwart, having worked in the financialmarkets for over 25 years.
The London-based trading team at Ninety One has a very particular set of skills. The active investment manager specialises in emerging and frontier marketstrading across fixed income, credit and specialist equities. Gibson is a seasoned trader with an extensive career in markets.
Okan Pekin, head of securities services at Citi, said: “The move to T+1 has taken centre stage in the post-trade industry over the last few years. Our latest whitepaper – the largest since its inception in 2021 – focuses on the next frontier for the industry which is the growing applicability of technologies.
ICMA commented that progressive penalties introduces unnecessary stress to a market that is most likely already facing liquidity challenges. Background to the proposal The regulator’s latest consultation appeared to be looking at removing the economic incentives to letting the trade fail but adding in the progressive fines.
Prior to joining State Street in 2021, she previously served for more than 17 years at UBS across Zurich, London and Singapore and at Credit Suisse. 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.
And that is exactly what happened when I watched Dumb Money , the movie about the GameStop short squeeze in 2021 , the other day. Everyone was locked up inside, and many turned to day trading for entertainment and money (in between binge-watching shows on streaming services). I wrote many articles about it.
Euronext Clearing is now the pan-European clearing house for Euronext cash markets and with the move is set to foster a unified European financialmarket and ecosystem. Elsewhere, Euronext has confirmed that is it continuing to work toward the migration of Italian derivatives trading to Optiq next quarter.
David Tamburelli, global head of content acquisition at Bloomberg, highlighted how important BSE is within Chinese financialmarkets and praised the progress it has facilitated through increased transparency of operations and contributing to the increase in the number of listed companies and supporting data.
In a letter to ESMA, the Association for FinancialMarkets in Europe (AFME) was against the immediate shift to T+0, stating: “We emphasise that we do not consider a default T+0 settlement cycle for securities transactions to be a realistic or desirable near-term policy objective.” to just over £2.6 asset-backed securities)”.
Innovation is inevitable as market participants continually seek to enhance their operations across the board, and stock exchanges and trading venues are perhaps some of the most prominent advocates of embracing emerging technological advancements.
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. Regulators are focusing on a broad range of areas already, but regulation alone will not boost the market. Divergence was top of mind in 2021.
The PRA specifically cited “significant failures in risk management and governance between 1 January 2020 and 31 March 2021, in connection with the Firms’ exposures to Archegos Capital Management”. The default of Archegos Capital Management, a $10 billion family office founded by renowned New York investor Bill Hwang, occurred in March 2021.
The buy-side are “aware and worried” as the US shift to T+1 looms closer and the testing phase begins globally, a panel held by the Association for FinancialMarkets in Europe (AFME) has said. As well as focusing on the US T+1 impact on European markets, subgroups are also reviewing whether the EU could and should move to T+1.
SVB’s deposits grew from ~$62 billion at the end of 2019 to $173 billion at the end of 2022, and its loan-to-deposit ratio went completely out of whack: Tech startups were flush with cash due to a ridiculous fundraising environment in 2020 – 2021, and they put the money they raised in the bank. to back them.
Over the past two decades, several critical financialmarket regulations have been implemented globally, particularly in response to the 2008 Global Financial Crisis (GFC). The years following 2008’s GFC experienced continued financial regulatory reform.
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. The TRADE would like to extend its congratulations to Grady for his long-standing commitment and continued service to the industry.
The current plan is the Capital Markets Union (CMU): a flagship initiative designed to boost investment, enhance access to finance, enable cross-border investment, and reduce the fragmentation of Europe’s financialmarkets. It is about market attractiveness for local and international investors.” Sounds great, right?
So, 2025 will see more heated debate, and perhaps some real progress, towards the alignment and streamlining of regulation in an attempt to remove barriers to growth and improve the efficiency of financialmarkets. New venue and trading liquidity sources should show a very eventful 2025.
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