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Digital Asset’s blockchain network Canton has completed a pilot involving a large group of major investment banks and assetmanagers demonstrating interoperability of independent distributed ledger applications (dApps) in the capital markets domain.
State Street Global Advisors and Galaxy AssetManagement have unveiled a new collaboration aimed at bringing investors digital asset-based strategies, offering key exposure to companies involved in the digital asset space. trillion digital asset landscape through manager-directed strategies. “We
Historically, monitoring corporate actions has been a highly labour-intensive process, costing the back-office departments of assetmanagers and investment banks significant time and money.
Union Investment’s Christoph Hock is set to step away from his role as head of multi-asset trading later this year to pursue an opportunity in digital assets and tokenisation within the assetmanagement firm, as revealed by The TRADE. Poilvet-Clédière brings over 15 years’ experience in financialmarkets to the role.
Sumitomo Mitsui Trust AssetManagement has adopted DTCC’s Institutional Trade Processing (ITP) suite of services in a bid to enhance its offering as the US shift to a T+1 settlement cycle fast-approaches, scheduled for 28 May. We are happy to collaborate with the wider industry to bring accelerated settlement to our clients.”
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Non-Bank Electronic Liquidity Provider, showcasing excellence in liquidity provision outside of the traditional sphere. billion compared to € 2.8 billion the previous year.
Yann Bloch, VP Product Management at NeoXam, emphasises the transformative potential of AI and NLP in unlocking the full value of private market ESG data.
Deutsche Bank has reported a €2.3 The bank posted an 11% increase year on year in net revenues for the second quarter at €7.4 The results represent the highest revenue for a second quarter since 2016, said the bank, with revenue for the first half of the year up 8% overall – at €15.1
If you want to read angry comments and long threads with plenty of insults, you can’t go wrong with the wealth management vs. investment banking debate. These individuals are usually “high net worth” (HNW), meaning an average of $5 – $10 in assets, but it could be as low as $1 million.
In the ever-evolving landscape of financialmarkets, the emergence of digital assets has resulted in a paradigm shift as conventional notions have been challenged and new players have emerged along with a reshaping of the way in which financial systems are perceived and interacted with.
RBC BlueBay AssetManagement 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. The bond consolidated tapes and revised transparency frameworks will do this by opening up fixed income markets to new competitors and innovation.
Prior to joining LCH, Robinson held roles within JP Morgan’s investment banking and assetmanagement divisions and the Commonwealth Bank of Australia’s financialmarkets division. The post LCH SA names new head of CDSClear and head of DigitalAssetClear appeared first on The TRADE.
One of the stories of the financial crisis is that the bankers that ran big institutions, who had billions entrusted to them, and who projected the air of masters of the universe were in fact buffoons incompetent at anything other than organising their own bonus. Financial innovation is often bad credit made to look good.
Artificial intelligence (AI) and innovation have become synonymous in recent times, with the promise of more efficiency than ever before without breaking the bank clearly proving too good to resist. But what does the persistent evolution of AI mean for capital markets specifically?
Dagmar Kamber Borens was appointed head of global markets for the region for State Street Bank International (SSBI). In her new role, she will be responsible for global markets strategy in continental Europe. Emily Facchina Fluet joined Jain as a trader working in London under head of EMEA trading, Jeremy Wyatt.
Daniel Morris, chief market strategist, BNP Paribas AssetManagement Volatility has become the new normal, bringing opportunities for active managers, and 2024 is likely to see a continuation of the profound and often unanticipated change in the global economy and financialmarkets that typified 2023. Central
EU assetmanagers, banks and brokers are urging policy markets not to succumb to pressure that could potentially lead to suboptimal outcomes in the Markets in Financial Instruments Directive (Mifid/r) review.
She later took on a role at the bank as executive director of investor flow sales responsible for the introduction of its derivative product to its UK client base. She assumed the role at the bank after a 15-year stint with Morgan Stanley where she held several roles, most recently head of market structure for clients.
Speaking to The TRADE, Oksana Pidkuyko, managing director, head of client analytics, financialmarkets at Standard Chartered stressed the potential positives of this increased volatility, stating that – if handled correctly – the changing landscape could bring potential benefits.
While fingers of blame are being pointed in each direction, the bottom line is assetmanagers are now facing operational challenges, the notion of pre-funding trades and balancing settlement security with best execution obligations. That cannot be seen to be a positive outcome.”
And sitting on its global trading desks are a pod of traders known for their ability to interact with some of the most inaccessible financialmarkets around the world. At the helm of the team is global head of trading Cathy Gibson who oversees trading across the assetmanager’s offices in London, the US, Asia Pacific and South Africa.
On the other hand, foreign exchange – the largest financialmarket in the world – benefits from the fact that trading is not limited to one central location but is instead conducted between participants by phone and electronic communication networks (ECNs) in a wide range of markets globally.
For example, if trades head into the US close, non-US assetmanagers could be left with a tiny window to get an equity trade matched and FX trade generated and then executed into the market. Does this just mean that we’re going to have to do everything on a gross basis?” asked another respondent to the T+1 forum.
Joining the industry after graduating from business school at the age of 20, Papanichola has an impressive track record that spans across five hedge funds and two banks. It was during this period that Papanichola set his sights on finding a more meaningful way of taking part in the financialmarkets. “We
For example, market participants are very interested in the yield curve control change by the Bank of Japan and as a result, our Japanese government bond and YEN swap numbers are growing pretty fast. Looking at Tradeweb’s initiatives and partnerships this year, which has been the most impactful for markets?
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.
Mitigating settlement risk, market transparency, and data quality made up the three key themes at the fore of the committee’s attention for the next iteration of the global code, confirmed Gerardo Garcia, GFXC chair and general director of central bank operations at Banco de México, speaking at a TradeTech FX US panel.
Following almost ten years at ING bank, market structure expert Stephane Malrait joined Etrading Software as chair of its industry stakeholder group (ISG) on the consolidated tape (CT), as revealed by The TRADE. Prior positions include stints at Tradition Securities and Lyxor ETF, and Societe Generale Corporate and Investment Banking.
Before that, London-based Horan served as head of outsourced trading at Pershing EMEA.Previously in his career, he also served as head of the European broker desk at Instinet, as well as working in an equities-related broker role at Tullet Prebon and UK-focused market maker at ABN AMRO Bank.
Beginning his career in 1990 as an FX dealer at Bank of America in Sydney, Grady has spent almost four decades working in financialmarkets across the globe. Nominated by several buy-side peers for the Lifetime Achievement Award, Grady has a strong history of contributing to industry discussion and development.
The third topic is artificial intelligence, with the implementation of the AI Act in Europe and potentially similar initiative happening in the UKmeansthat AI is going to remain a big topic impacting the financialmarket industry. How is the role of technology changing as market structure develops?
Elsewhere in Asia, the capital markets emergence from a decade-long low interest rate environment has been slower. We will be looking closelyat China, Hong Kong and Singapore as they find means to stimulate growth and investment in public markets.
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