The TRADE

MARCH 5, 2024

When it comes to selecting an algo provider, ease of system use, reliability and quality of technical support was the top consideration for asset managers across both sides of the Channel in 2023 – 71% in the UK and 73% in Continental Europe – according to a Coalition Greenwich report.

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The TRADE

OCTOBER 17, 2023

Broadridge Financial Solutions has launched a new solution designed to meet the needs of asset managers with high volume and/or high-touch orders. According to the firm, NYFIX Fill matching is the only platform that matches fills between brokers and asset managers in real-time. “As

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The TRADE

DECEMBER 29, 2023

Perpetual merges regional asset management businesses under one global umbrella At number two in our most read stories series, we have the announcement that Perpetual Group had merged its regional assets management businesses to form one global division in August.

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The TRADE

JANUARY 23, 2024

GTN serves brokers, banks, asset managers, and fintech clients. He brought with him more than 25 years’ experience in cross-asset trading for both institutional and retail clients. Last March, GTN tapped Saxo Bank for its new chief executive of Americas , with the appointment of Eric Krueger.

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The TRADE

JULY 17, 2024

Royal London Asset Management’s (RLAM) trading team is no stranger to change. The London-based asset manager has undergone not one but three makeovers in recent years as it continues to evolve with the demands of the street. More recently though, RLAM’s trading team has undergone another revamp.

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The TRADE

APRIL 5, 2024

Kepler Cheuvreux subsidiary Ellipsis Asset Management has moved to expand its capabilities in the convertible bond segment with the acquisition of Rothschild & Co’s business. As part of the deal two Rothschild portfolio managers – Cristina Jarrin and Mikael Dauvert – will move to Ellipsis AM.

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The TRADE

NOVEMBER 25, 2024

“We are excited to build out this new clearing eco- system in collaboration with market participants and are already in advanced discussions with a wide variety of firms, including banks, asset managers, broker-dealers, and agent lenders – representing beneficial owners like pension funds and UCITS – to help ensure a smooth launch in the (..)

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The TRADE

SEPTEMBER 19, 2024

Historically market structure in foreign exchange (FX) has lent itself to ISDA-based, direct bilateral trading, meaning buy-side firms – in particular real money firms who don’t have the capabilities to use a prime broker model – are often locked into these relationships with banks based on credit lines.

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The TRADE

JUNE 26, 2024

Elsewhere, on the asset management side, speaking to The TRADE earlier this year, Kendell James, multi-asset trader at Federated Hermes, labelled broker differentiation as the biggest roadblock when it comes to algo adoption.

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The TRADE

SEPTEMBER 10, 2024

While Transaction Cost Analysis (TCA) remains most widely used in equities due to the availability of necessary data and standardisation being most mature in this asset class, asset managers are now increasingly utilising the strategy outside this sphere.

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The TRADE

SEPTEMBER 3, 2024

The firm has also added Virtu Financial as an executing broker for client flows negotiated on Appital’s BookBuilder platform, offering buy-side participants improved options for executing large orders.

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Equities Broker Collaboration Asset Management 57

The TRADE

MAY 15, 2024

Read more: Fireside Friday with… BNY Mellon’s Geoffrey Yu BNY Mellon’s execution offering provides clients with access to a liquidity pool which leverages the firm’s client footprint consisting of asset managers, asset owners, alternatives, banks, broker dealers and wealth clients.

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The TRADE

OCTOBER 25, 2024

Jesse Forster When it comes to the industry’s opinion on “new innovative trading venues”, the latest Coalition Greenwich report found that an overwhelming 91% of both US low-touch brokers and their buy-side clients have between “a little” and “a lot” of interest in the venues.

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The TRADE

AUGUST 6, 2024

Saphyre’s technology manages the onboarding and maintenance of custody, broker trading, and buy-side accounts. Among the most recent names are Jupiter Asset Management, abrdn and Legal and General Investment Management. Captial Group has become the latest buy-side firm to integrate Saphyre’s technology.

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The TRADE

JULY 1, 2024

Former head of market structure and liquidity solutions at broker dealer Kepler Cheuvreux Byron Griffin is set to join Franco-German financial services firm ODDO BHF. Griffin left Kepler in May after over eight years with the broker dealer. He joins as head of execution sales and microstructure.

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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 4, 2023

Former director at Cboe Global Markets, Michael Sparacino, has left the exchange operator after less than two years to re-join agency only broker-dealer Matrix Executions. He re-joined the agency only broker-dealer after also previously serving as a director for almost three years from 2019 to 2022.

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The TRADE

DECEMBER 12, 2023

Deutsche Börse Group subsidiary SimCorp and infrastructure and technology provider for digital assets, Alloy, have entered a strategic partnership to assist SimCorp clients with managing digital asset investments. Alloy’s clients consist of a range of firms including family offices, hedge funds and listed asset managers.

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The TRADE

NOVEMBER 27, 2023

Read more: Fireside Friday with… Morgan Stanley’s Maria Salamanca Mejia Previously in his career, McMahon worked as a centralised dealer at Bank of Ireland Asset Management, working on the multi-asset global trading desk.

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The TRADE

NOVEMBER 3, 2023

More than 200 asset managers, hedge funds and other users of outsourced trading providers voiced their opinions in this first-of-its-kind piece of research. The post Around two-thirds of buy-siders believe outsourced desks could enhance trade performance in cross-border trading appeared first on The TRADE.

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Sica Fletcher

FEBRUARY 18, 2020

In 2019, we closed the largest number of transactions ever for our firm, reflecting the increasingly robust M&A market for insurance brokers driven mainly by private equity sponsored brokerages.

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The TRADE

NOVEMBER 1, 2024

We did a survey on about 300 global asset managers and one of the main themes that came out of that was around outsourcing. We’ve seen quite a few clients diversify into different asset classes over the last 12-18 months with interest rates changing and things like that.

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The TRADE

JULY 3, 2023

Following the implementation of Mifid II in 2018, Europe unbundled trading and research, resulting in all asset managers having to pay for research in cash only. European asset managers looking for diversity and greater competition in US broker research will also be impacted by the lapse. Therefore, today we lapse.”

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Bulge Bracket Asset Management Broker Trading 52

The TRADE

APRIL 26, 2024

A similar view was shared by Lynn Challenger, global head of trading and order generation at UBS asset management, in a separate panel this week. Various panellists agreed that building should be secondary to buying, and used only if specific needs are to be met. We’re looking to automate. We’re looking to get better data.

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The TRADE

OCTOBER 1, 2024

“We believe that with the acquisition of FX HedgePool, our combined client base will benefit from access to a wider suite of products and increased global distribution,” said David Mercer, chief executive, LMAX Group.  “Following this acquisition and that of Cürex last year, we now have a compelling proposition for asset managers and other buy-side (..)

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The TRADE

OCTOBER 27, 2023

There’s already a huge section of the asset management community and the asset servicing community, including Northern Trust, that are established in Singapore as large parts of their global operations.” We consider Singapore one of our most significant investment centres, both in Asia and internationally.

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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

JUNE 29, 2023

Specialist multi-asset manager Candriam and its parent company New York Life Investments have expanded their partnership to grow their remit in the US offshore market. Following the expansion of the partnership, the pair will offer solutions and services to non-US resident investors who invest through US intermediaries.

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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

JANUARY 17, 2024

Up against other individuals from Invesco, Liontrust Asset Management, Baillie Gifford and State Street Global Advisors (SSGA), Nutting took home the award after an industry-wide vote. A portion of my day is always spent working with brokers to continue developing our relationships and the offerings we consume from them.

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Trading Portfolio Management Management Broker 109

The TRADE

AUGUST 11, 2023

Also announced this week was MarketAxess’ plans to acquire multi-asset algorithmic trading provider, Pragma, for an undisclosed sum at the end of this year, subject to closing conditions. The firm’s clients include asset managers, hedge funds, broker dealers, banks and exchanges.

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M&A Trading Mergers and Acquisitions Asset Management 52

The TRADE

APRIL 17, 2024

Global asset manager Robeco leverages a low touch and high touch trading team that spans across three continents. And, like most asset managers across the street, its global equity trading desk plays host to a variety of characters, each bringing their own individual string to the wider team’s bow.

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The TRADE

OCTOBER 4, 2023

Asset managers, brokers, custodians and clearing participants will benefit from real-time data synchronisation and improved scalability, helping them to handle the growing volume of trades through Northbound Stock Connect.

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The TRADE

OCTOBER 2, 2023

This means that the margin requirement is quite material – it’s quite a significant amount.”

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The TRADE

OCTOBER 11, 2024

If met, it will execute, otherwise it needs a human trader to interact,” said Anuj Thakur, lead, high touch fixed income trading at Nordea Asset Management. Also, are we putting certain trades that are automated all-to-all or some to a bespoke group of three to five brokers because the trade is potentially illiquid?”

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Mergers and Inquisitions

MARCH 8, 2023

Energy Information Administration has a few simple examples here : Your discussions with customers, competitors, and other commodity brokers will also inform this curve. at a hedge fund , prop trading firm , or asset management firm and then move into a commodity role once you prove yourself.

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The TRADE

OCTOBER 18, 2024

Dominic Rieb-Smith, managing director, international head, prime services sales, JP Morgan, refers to the past year as “a standout”. Data from Convergence tracking the top 25 prime brokers showed their market share grew from 83.3% in April 2023, to 92% in 2024.

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