The TRADE

JUNE 20, 2024

Over half (54%) of buy-side respondents say that getting proper coverage from their brokers is one of their biggest pain points in their daily equity trading workflow, a new report from Coalition Greenwich has found. A quarter said they prefer a one-touch/hybrid coverage model, while 26% said it depends on the broker.

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The TRADE

DECEMBER 8, 2023

Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the risk management practices of prime brokers. Elsewhere, other local regulatory changes and benchmark replacements continue to impact prime brokers.

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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. Automation has been very important in credit more widely given we are an active manager.

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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

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

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

NOVEMBER 25, 2024

Vikesh Patel With this approval, the pan-European clearing house will introduce a service for European SFT transactions in cash equities and ETFs, which includes central clearing, settlement and post-trade lifecycle management.

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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

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

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

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. We then need a new route.

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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. The survey is accessible here.

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The TRADE

JULY 10, 2024

In the first half of 2024, research budgets have increased both as a proportion of assets under management as well as in absolute terms, Substantive Research has found. As a proportion of assets managed, US budgets rose 15%, with European budgets up a more modestly by 4%.

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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

AUGUST 6, 2024

Saphyre’s technology manages the onboarding and maintenance of custody, broker trading, and buy-side accounts. Having Capital Group, a top five financial investment management firm, join this endeavor is incredibly exciting,” said Stephen Roche, president and co-founder at Saphyre.

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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

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

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. It’s no longer all or nothing.

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The TRADE

NOVEMBER 1, 2024

There has been a shift in the size and scale in the types of managers that we’re talking to. We did a survey on about 300 global asset managers and one of the main themes that came out of that was around outsourcing. A lot of it goes back to pressure on managers. What is driving these trends on the client side?

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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 59

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

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 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.” This year, the industry has seen interest in Singapore grow from the buy-side too.

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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. In 2016, Nutting moved to Principia Investment Management Limited where she was an execution trader and fund manager assistant.

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The TRADE

JANUARY 30, 2024

Read more: E-trading platforms experienced increased share of US equity trading volume in 2023 Asset managers and brokers have been driven to automate their trading workflows and accomplish more with less to cope with reduced commission rates, budget restrictions and smaller teams.

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Equities Trading Electronics Asset Management 80

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

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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The TRADE

FEBRUARY 9, 2024

In the current state with T+2 you have 48 hours to execute a security trade, match that trade with brokers, execute the FX and get everything settled. Obviously now it’s a shorter window of time to complete all required steps, and that puts pressure on managers’ operating models. If so, how so?

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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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Trading Equities Broker Asset Management 69

The TRADE

AUGUST 2, 2023

To ensure a smooth transition to T+1 settlements, the report emphasised that systems across entities including broker-dealers, prime brokers and clearing houses will require upgrades to meet the demands of an accelerated settlement cycle. Foreign investors will also have to bring in all FX transactions for a T+1 cash settlement.

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Asset Management Trading Broker Management 52

The TRADE

MAY 20, 2024

Sohoni joined Citi 19 years ago and during her tenure has overseen several business areas, including: credit financing, asset-backed securities, clean energy, global infrastructure, residential, Citi Community Capital, municipal, and Citi’s Asset Finance Group. Faenson joined Citi in 2005 as a credit valuation adjustment (CVA) trader.

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Sale Asset Management Trading Investment Banking 64

Global Newswire by Notified: M&A

MAY 14, 2024

TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Virtus Capital Corporation, the asset manager of Virtus Diversified REIT is proud to announce its latest strategic move in expanding its portfolio with the acquisition of a free-standing Walmart tenanted property located in Flin Flon, Manitoba. We originally tied up this property for $5.25

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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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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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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 2, 2023

This is where a partnership with a firm like Cassini can come into its own because we see them as our equivalents in the collateral management and margin space.

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The TRADE

FEBRUARY 26, 2024

Atkins joined Redburn Atlantic in 2004 as a sales trader having previously served for eight years at Morgan Grenfell and two years at Marathon Asset Management. Tony Atkins Tony Atkins has been appointed UK head of sales trading.

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