The TRADE

OCTOBER 26, 2023

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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The TRADE

DECEMBER 28, 2023

Elsewhere, UBS made several other role changes, including Srichakri Adhikarapatti taking responsibility of the Central Risk Book (CRB) – a critical part of the execution services business, as well as joining the Execution Services Management Forum (ESMF).

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The TRADE

JUNE 11, 2024

Asset managers’ operations teams are at full capacity and cannot afford to be inefficient in their approach to exception resolution,” said James Pike, interim CEO at Taskize. The development builds on top of the initial integration of Taskize into FINBOURNE’s LUSID platform in 2021.

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The TRADE

DECEMBER 18, 2023

The introduction of a new Designated Reporter Regime will also likely be a key focus although some firms will likely want to continue to report as SI or via the off-book on exchange channel. Elsewhere, sourcing alternative liquidity will remain a key focus given the continued decline of order book liquidity in 2023.

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The TRADE

DECEMBER 8, 2023

Among hedge funds there have been winners and losers, and primes will have needed to both watch their books carefully and make themselves available to assist clients with their evolving needs. “In This is a timing problem which causes issues on T+1 if there are any trade discrepancies between the asset manager and the executing broker.

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The TRADE

OCTOBER 20, 2023

Asset manager Ninety One has promoted from within for its new deputy global head of trading and head of trading for South Africa, The TRADE can reveal. Former head of trading for South Africa at Ninety One, Doug Blatch, has been selected to support global head of trading at Ninety One, Cathy Gibson, as deputy.

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The TRADE

JUNE 5, 2024

Read more: LMAX Group given green light for NDF trading in both Singapore and London The FX NDFs are traded on a central limit order book (CLOB), delivering transparent price discovery and execution to all market participants including banks, non-banks, proprietary trading firms, institutional brokers, asset managers and buy-side institutions. “We (..)

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The TRADE

DECEMBER 27, 2023

Ninety One shakes up trading leadership with new global deputy and lead for South Africa The TRADE is renowned for its coverage of people moves, with one of the most read this year being the news that asset manager Ninety One had promoted from within for its new deputy global head of trading and head of trading for South Africa.

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The TRADE

APRIL 18, 2024

Depth of book data provider BMLL and real-time data services provider Quanthouse, part of Iress, have collaborated to expand buy-side data analysis capabilities across equities and futures.

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The TRADE

JUNE 6, 2024

In November, The TRADE is set to debut the North American iteration of its glittering awards night in New York, recognising the finest talent and commitment to the trading industry across asset managers, hedge funds, banks, brokers, exchanges and vendors.

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The TRADE

OCTOBER 10, 2023

Cürex, a New York City‐based foreign exchange execution services and data analytics business, has a portfolio which includes: a firm pricing spot FX central limit order book supporting bank algo platforms; a pre-trade and post‐trade analytics platform which real‐time data analysis; and a peer-to-peer matching pool.

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The TRADE

JUNE 19, 2024

“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.

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Mergers and Inquisitions

MARCH 8, 2023

at a hedge fund , prop trading firm , or asset management firm and then move into a commodity role once you prove yourself. The downside is that it takes a long time to get your own book, which creates a lot of market/cyclical risk. Start in trading and pivot into commodities.

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The TRADE

SEPTEMBER 14, 2023

“The electronification of pricing in swaps has been around for 25 years, the second wave of electronification came around risk management and the third wave is now focused on electronic hedging,” said Simon Jones, chief growth officer at 360T. It needs good TCA. We are currently 85% automated and do we want to go further?

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Mergers and Inquisitions

SEPTEMBER 13, 2023

However, various books and textbooks have defined “distressed” as follows: Debt Discounts – If Secured Debt is trading in the low 90% range or below, or Unsecured Debt is trading in the 60-70% range or less, it’s typically distressed. A sharply declining stock price does not necessarily mean a company is “distressed.”

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The Deal

MAY 2, 2023

Books have been out on Liberty, Mo.-based Cinven beat Brookfield Asset Management, CVC Capital Partners Group and Apax Partners LLP to pick up the business, The Deal previously reported. What’s left of Douglas Products — after Altamont sliced off wastewater services business Duke’s Root Control Inc.

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The TRADE

OCTOBER 4, 2023

Jonathan Cross, general manager of EMEA at LiquidityBook, said: “Our clients range from start-up hedge funds and large, established asset managers to broker-dealers, outsourced trading desks and software vendors.

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The TRADE

AUGUST 14, 2023

I’ve always worked in the asset management industry, starting my first job at 18 with Scottish Amicable Investment Management in Glasgow. From the banking team at Scot Asset Management, I moved firms in 1999 to take up a role in trade settlements. What has your journey to the trading desk been like?

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The TRADE

OCTOBER 26, 2023

Citadel Securities Needing little introduction, Citadel Securities, is one of the largest market makers in US Treasuries and USD interest rate swaps globally, and serves an extensive list of financial institutions, including: banks, asset managers, pension funds, hedge funds, central banks, and sovereign wealth fund.

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The TRADE

SEPTEMBER 28, 2023

“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 Asset Management, Mike Poole. “I Quasi order book, small size, executable, click to trade, the algos will get smarter quickly.

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The TRADE

DECEMBER 21, 2023

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.

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The TRADE

SEPTEMBER 18, 2023

For example, if trades head into the US close, non-US asset managers could be left with a tiny window to get an equity trade matched and FX trade generated and then executed into the market. We also have some system limitations on how fast trades can be booked as they go through post-trade compliance.

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The TRADE

NOVEMBER 2, 2023

It also boasts full order book transparency including pre-trade in its data feed and indicative crossing summaries, meaning all market participants can see in price and size or quantity in real-time for all price levels that are predicted to execute in the cross.

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The TRADE

FEBRUARY 15, 2024

Recent trends highlight an increasing demand from asset managers, fast money, and quant funds, expediting the transition toward electronification in NDF markets,” says Patil. “As People are a lot more comfortable still trading voice on the NDF side.” Previously, there were few platforms dedicated to the trading of NDFs.

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Peak Frameworks

MAY 8, 2024

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.

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The TRADE

OCTOBER 9, 2024

She joined Ninety One in 2021 from Royal London Asset Management where she had been head of dealing for three years. If I saw a value of an opportunity in terms of part of the book of business being outsourced I would have to consider it. Gibson is a seasoned trader with an extensive career in markets.

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The TRADE

OCTOBER 27, 2023

The business has also captured over 1660 new bond deals to trade, with more than 300 traders engaged with the order book, and received $22 billion in order. Invesco Asset Management and Charles River Development (CRD) were the first to facilitate the new functionality following an initial testing period.

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Mergers and Inquisitions

MAY 24, 2023

All the large multi-manager funds , such as Millennium, also use event-driven strategies to some extent. Schoenfeld Asset Management (PSAM), Pentwater, Silver Point, Anchorage, and King Street. Other well-known funds with a broad event-driven focus include Davidson Kempner, Farallon, HG Vora, Luxor, Canyon, P.

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The TRADE

SEPTEMBER 23, 2024

These guys are valuable because of the market they’ve been covering, they know the ins and outs and know how to play the book,” said Armon-Jones. The audience vote prior to the discussion swayed 69% in favour of Lucero’s hypothesis, with all to play (argue) for. “

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Intrepid Banker Insights

NOVEMBER 2, 2022

If you want to get your team fired up at your next company retreat, you should book him. His talk on how to be a “spiritual billionaire” served as a reminder that you could have all the money in the world but without a soul, you are effectively bankrupt.

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The TRADE

OCTOBER 31, 2024

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 Asset Management as an operations assistant in 2003. Helming the US business of one of the largest asset managers in the world through such a course is no mean feat.

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The TRADE

AUGUST 4, 2023

You want to be able to take a look at an ecosystem if you’re an equity investor or if you’re a fixed income investor and be able to know everything about this system from operations, booking, trading, reporting requirements and taxation. In crypto, we don’t have that yet and we need to get there.

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The TRADE

AUGUST 7, 2024

As Rebecca Crowe, managing director and chief operating officer, BNY Mellon Markets, previously told The TRADE, “Years ago, it was the middle-office who were contemplating outsourcing and people couldn’t even consider that you would allow somebody into your books and records in that way.”

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Growth Business

JUNE 2, 2023

If interest rate hikes stop some point soon, and we return to a bit more of a healthier market, and, at the same time, see a departure of asset managers who are not professional venture investors, in general we’ll be in better shape than we were a year or two ago.” We’re seeing less hysteria, less knee-jerk reactions.

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The TRADE

JULY 24, 2023

Werner Eppacher has spent the entirety of his two-decade financial career with German asset manager DWS Group, catching his first glimpse of a trading floor as an intern for Deutsche Bank in 2003. “A Can you imagine an asset manager increasing the management fee for an ETF?

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The TRADE

OCTOBER 25, 2023

BMLL Technologies BMLL provides its clients – banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators immediate and flexible access to Level 3, harmonised, T+1 historical order book data and advanced pre- and post-trade analytics at scale.

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The TRADE

OCTOBER 9, 2023

Beginning her career on the buy-side at boutique asset manager Credit Suisse First Boston as an investment portfolio analyst in London in 1986, Ruffles has seen the markets through several highs and lows. A novel concept to greener traders.

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