TechCrunch: M&A

MARCH 26, 2024

Borderless Capital, an investment firm that specializes in web3, announced Tuesday that it is acquiring CTF Capital, a quantitative trading and asset management firm headquartered in Miami, with technology and operation teams in Latin America. The financial details of the deal were not disclosed. All rights reserved.

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The TRADE

DECEMBER 27, 2023

Market participants need global data-driven content to enhance their own products and gain deeper understanding of market shifts and liquidity dynamics, and to identify opportunities for better trading outcomes. Michelle Tran, president, TMX Datalinx Demand for high-quality and differentiated data products will intensify in 2024.

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The TRADE

JANUARY 8, 2024

Digital platform FactSet is set to integrate LoopFX into its foreign exchange execution management system (EMS) platform – Portware, with go-live set for H1 2024. The post FactSet FX trading platform to integrate LoopFX appeared first on The TRADE.

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The TRADE

DECEMBER 22, 2023

We have seen new entrants into the block space in 2023, and I see further appetite in 2024 as buy-side traders seek safer and larger block liquidity – I foresee “superblock” venues and an increase in capital provision. For all these reasons, I expect the voluntary adoption of ESTR based products to continue into 2024 and beyond.

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The TRADE

AUGUST 2, 2024

BNP Paribas has entered into a definitive agreement to acquire 100% of AXA Investment Managers – representing around €850 million in assets under management – for just over €5 billion. The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets.

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The TRADE

DECEMBER 29, 2023

Balraj Bassi, co-founder and chief executive officer, Tradefeedr Data analytics in financial markets has reached the point where clients have access to complete global data sets, and we see 2024 as the year where this will drive change in how counterparties interact and in automating trading workflows.

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The TRADE

SEPTEMBER 21, 2023

Asset managers are focusing on costs and value, and in turn are not prioritising investment research budgets as the prospect of rebundling looms, a new buy-side study by Substantive Research has found. The post Asset managers not prioritising research budgets as prospect of rebundling looms, study finds appeared first on The TRADE.

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The TRADE

OCTOBER 17, 2024

Eric Heleine, head of the buy-side trading desk at Groupama Asset Management, is set to step away from the firm before the end of the year, The TRADE has learnt. The post Heleine set to depart Groupama AM appeared first on The TRADE.

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JD Supra: Mergers

MARCH 8, 2024

A recent government initiative announced on March 5, 2024 signals that more antitrust scrutiny for private equity firms and asset managers is on the horizon.

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The TRADE

DECEMBER 18, 2023

RBC BlueBay Asset Management The market is already pricing in rate cuts in Q1 although I, along with many others, don’t believe they will begin before the end of H1. This uncertainty will lead to heightened equity volatility in 2024. We think that this trend is likely to be sustained or even accelerated in 2024.

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The TRADE

JULY 13, 2023

The US move to T+1 settlement was passed through in a bid to increase the efficiency of market operations, however an Acuiti report has stated that 53% of asset managers believe that the move will not make US equities more attractive. Just 29% answered that DTO had not had an impact on their trading patterns.

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The TRADE

JUNE 6, 2024

The TRADE is excited to announce its inaugural Leaders in Trading New York awards, in recognition of the achievements of the trading and execution industry in North America. Leaders in Trading is The TRADE’s annual sell-out showstopper event, held at The Savoy in London. appeared first on The TRADE.

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The TRADE

FEBRUARY 20, 2024

At the TradeTech FX US conference in Miami last week, a panel of experts including some of the largest asset managers gathered to discuss what the market is prioritising when asking the ever-hot topic of ‘buy versus build,’ sharing their perspectives and empirical advice for 2024 and beyond.

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The TRADE

MARCH 21, 2024

US-based block trading start up OptimX has selected a former Virtu buy-side sales specialist to become its new head of institutional sales, The TRADE can reveal. Michelle Butler joins OptimX to head up its buy-side business after most recently serving at Virtu for 19 years, managing sales for its POSIT Alert business.

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The TRADE

OCTOBER 24, 2023

The annual Leaders i n Trading gala is the most distinguished awards night for the trading community. Among the most coveted awards categories is the Editors’ Choice Awards and today we bring you the 2023 nominees for Outstanding Post-Trade Services Provider.

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The TRADE

JUNE 19, 2024

This quarter’s exclusive buy-side content has a royal twist – only the best for our readers – and sitting for our buy-side cover and meet the desk interviews are Hugh Spencer, set to take over the reins at Janus Henderson from Dan Royal at the end of this year, and the London-based Royal London Asset Management (RLAM) trading desk.

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The TRADE

JANUARY 22, 2024

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 asset manager after spending the last four and a half years at MarketAxess in a facilitation trading role.

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The TRADE

AUGUST 20, 2024

Northern Trust has been selected to provide outsourced trading to global asset manager Nedgroup Investments via its Integrated Trading Solutions (ITS). Recently, we’ve seen this perception shift, with a 144% growth in trade flow activity coming across our fixed income desk in 2023.

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The TRADE

JUNE 26, 2024

The past year has seen vast improvement across the algorithmic trading space when it came to hedge funds’ strategies, new data from The TRADE has found. The TRADE received a record number of responses to this year’s Algorithmic Trading Survey. The survey is accessible here.

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The TRADE

OCTOBER 25, 2023

Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for the Outstanding Market Data Provider category, shining a light on those displaying recent excellence in the data sphere.

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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

AUGUST 2, 2023

A new report from Torstone Technology and Chartis Research has outlined the key challenges associated with the acceleration of settlement cycles in the US and Canada to T+1 in May 2024; with system readiness, interoperability and regulatory compliance highlighted as the main concerns.

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The TRADE

FEBRUARY 9, 2024

What are the costs associated with opening a North American FX trading desk? Each trader will need a terminal depending on the trading platform being used, which carries a considerable cost. All of that is the bare minimum set up and the cost of those items are necessary when considering opening a trading desk.

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The TRADE

DECEMBER 14, 2023

It also offers asset managers a range of indexing and digital distribution solutions to scale their businesses. ” VettaFi will be included in TMX’s Global Solutions, Insights and Analytics segment, with the transaction expected to be completed in January 2024, subject to customary closing conditions.

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The TRADE

OCTOBER 13, 2023

Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG), The TRADE can reveal. He will join the exchange group as head of secondary markets sales and business development in January 2024, sources have confirmed.

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The TRADE

APRIL 10, 2024

This magazine also includes a write up of The TRADE’s annual Algorithmic Trading Survey Long-only which saw a record whopping 2,222 responses this year by 570 traders, and a write up of our annual Diversity and Inclusion Survey.

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The TRADE

JUNE 19, 2023

As part of the new system-wide exploratory scenario (SWES) exercise, participants including major banks, hedge funds, asset managers and pension funds will be asked to evaluate the impact of “severe but plausible” stress including what actions they might individually take in that scenario, with a focus on the UK markets.

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The TRADE

MAY 24, 2024

The onus is now on these providers to alleviate any workflow issues that may arise for buy-side firms looking to trade around the time of the cut offs – of which there are many. The idea that more trades might be settled bilaterally also increases the counterparty risk that regulators have been looking to avoid across the industry.

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The TRADE

JULY 10, 2024

In the first half of 2024, research budgets have increased both as a proportion of assets under management as well as in absolute terms, Substantive Research has found. As a proportion of assets managed, US budgets rose 15%, with European budgets up a more modestly by 4%.

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The TRADE

MARCH 26, 2024

Ultimately, we (asset managers) should absolutely continue to encourage more competition in the space as it will drive efficiencies and technology improvements that benefit our end clients. Where is there still room for innovation and improvement in restricted currency trading in order to make execution more efficient?

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The TRADE

AUGUST 14, 2023

Testing for T+1 will commence from today and run until the implementation date at the end of May 2024. Without this, trades cannot move into the shortened settlement cycle and will likely miss the continuous net settlement process,” he says. The post ‘Cracks to be revealed’ as T+1 testing begins today appeared first on The TRADE.

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The TRADE

APRIL 9, 2024

CET deadline – considering 30-, 60- and 90-minute extensions – promising an update around the end of Q1 2024. In lieu of a change at this point, CLS is reminding members that they can still submit their trades to CLSSettlement up until 06:30 CET for settlement that day. “We

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The TRADE

OCTOBER 16, 2023

Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG). He will join the exchange group as head of secondary markets sales and business development in January 2024, sources have confirmed.

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Razorpay

SEPTEMBER 16, 2024

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

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The TRADE

JUNE 14, 2023

Exchange and clearing house operator Cboe Global Markets is planning to introduce a central counterparty (CCP) clearing service for securities financing transactions (SFT) in Q3 2024. The post Cboe Clear Europe to introduce clearing service for securities financing transactions appeared first on The TRADE.

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The TRADE

JULY 30, 2024

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

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The TRADE

APRIL 15, 2024

Citi Citi’s results also painted a clear picture when it came to its trading state of play. The post The results so far: Equities rebounding as market stays primed for continued macro uncertainty appeared first on The TRADE. While overall markets revenues decreased 7% to $5.4 year on year (up 47.9%

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