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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.
UK-based boutique fixed income trading desk BlueBay AssetManagement is beginning a new chapter in its life. The move has opened up swathes of synergy opportunities for the pure fixed income assetmanager, with its traders now working directly alongside RBC BlueBay AssetManagement’s equities desk.
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.
“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.
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 AssetManagement and Charles River Development (CRD) were the first to facilitate the new functionality following an initial testing period.
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.
For some assetmanagers 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.
Formula: Annual Depreciation Expense = (Cost of Asset - Salvage Value) / Useful Life Declining Balance Method Methodology: A more accelerated depreciation method, where depreciation expense decreases over time. Salvage Value Role: Acts as a threshold that depreciation cannot reduce the book value of the asset below.
Through these relationships, the business has worked hand in hand to offer some of its clients’ functionalities through its own product suite for use by other users. The firm provides users with pre- and post-trade analytics, as well as unbiased OTC content and proprietary data, price discovery insights, and risk management services.
“There’s been an increase in the willingness and ability to leave latent liquidity in the marketplace to try to get things done in a slightly different way,” explains head of trading at Jupiter AssetManagement, Mike Poole. “I Quasi order book, small size, executable, click to trade, the algos will get smarter quickly.
Recent trends highlight an increasing demand from assetmanagers, fast money, and quant funds, expediting the transition toward electronification in NDF markets,” says Patil. “As With infrastructure building out globally to accommodate new interest in NDFs, greater appetite for more automation must surely follow.
She joined Ninety One in 2021 from Royal London AssetManagement where she had been head of dealing for three years. When people have ownership in their function and they can see their contribution to the business, that really motivates them to make sure that they are constantly improving,” she explains. “In
Not that the seemingly never-ending list of aforementioned market occurrences had noticeably hindered the prime business. Those are the relatively commoditised parts of the business. So you can see how this growth and momentum just starts to really build over time.” They need a financing platform to support all of that.
Beginning her career on the buy-side at boutique assetmanager Credit Suisse First Boston as an investment portfolio analyst in London in 1986, Ruffles has seen the markets through several highs and lows. In Europe, for our style of business we don’t use portfolio trading that much. A novel concept to greener traders.
Finding fixed income After spending three months as a trading assistant intern at PPM America, Raymond landed his first permanent buy-side position, joining UBS AssetManagement as an operations assistant in 2003. In his first role at LGIM, Raymond was responsible for overseeing its credit trading business out of the US.
Werner Eppacher has spent the entirety of his two-decade financial career with German assetmanager DWS Group, catching his first glimpse of a trading floor as an intern for Deutsche Bank in 2003. “A There are no prescribed measures for any particular asset class at any given time. You had the gilt crisis.
.” Interviews are broader than IB interviews and require knowledge of asset allocation, economics, and and financial markets, but far less specific technical knowledge. However, the “sales shift” starts much earlier in wealth management , as it’s pretty much a sales job from Day 1 (with some analytical work mixed in).
The question is – to what extent did that easy access to data in the US generate more retail business? Donker added: “We [Euronext] are afraid that the CT will be used as a validation for executing retail on a systematic internaliser or on a dark pool and this will come to the detriment of the multi-lateral order book.
At the junior levels , entry-level professionals in both fields spend a lot of time in Excel working on models, valuations, and documents such as equity research reports and investment banking pitch books. On the other hand, weekend work is far less common, so its easier to shut off outside of business hours.
For dealers and assetmanagers, technology becomes a core business requirement, and market share tends to accrue to firms with the most efficient and scalable infrastructure. Greater efficiency also unlocks new business models. Data is the lifeblood of any automated trading business.
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