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LMAX Group to acquire Cürex’s FX business in institutional push

The TRADE

LMAX Group is set to acquire FX business Cürex, bringing together their respective distribution scale and technical capabilities in a bid to create a stronger offering for clients. After more than a decade of building Cürex, I will be leaving the business, following completion of the acquisition.

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A new chapter for RBC BlueBay Asset Management’s London-based fixed income trading desk

The TRADE

UK-based boutique fixed income trading desk BlueBay Asset Management is beginning a new chapter in its life. The move has opened up swathes of synergy opportunities for the pure fixed income asset manager, with its traders now working directly alongside RBC BlueBay Asset Management’s equities desk.

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LiquidityBook acquires Messer to boost multi-asset capabilities

The TRADE

As a result, LiquidityBook’s LBX suite has become a full-featured Portfolio, Order and Execution Management System (POEMS) with an embedded FIX network. The business confirmed that clients can continue to utilise only the services they need, as well as integrate a variety of third-party tools.

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Liquidnet to imminently roll out derivatives predicted volume curve and suite price analytics

The TRADE

“The pre trade analytics are a very useful means by which clients can assess the quality of a block price,” the global head of listed derivatives at Liquidnet, Mike du Plessis, tells The TRADE. “They can choose not to trade on block and actually aggress the order book directly if that seems to be a better option at the point of trade.

Trading 64
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Leaders in Trading 2023: Meet the nominees for… Outstanding Innovation in Fixed Income

The TRADE

Following this, in June, the business launched BondGPT, an application powered by OpenAI GPT-4 which answers bond-related questions and helps users identify corporate bonds on the LTX platform. Invesco Asset Management and Charles River Development (CRD) were the first to facilitate the new functionality following an initial testing period.

Trading 59
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Commodity Hedge Funds: The Most Lucrative “Hidden Gem” in Finance?

Mergers and Inquisitions

For example, physical traders at the oil majors often earn more than paper traders because they influence the main energy production business. You must also consolidate information from various sources and present it effectively to build relationships and execute deals. Start in trading and pivot into commodities.

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Eyes on a new prize: How outsourced trading has taken off and why the attention is now turning to larger managers

The TRADE

For some asset managers 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. It’s no longer all or nothing.

Trading 64