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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 AssetManagement, working on the multi-asset global trading desk.
This means that the margin requirement is quite material – it’s quite a significant amount.” Morgan further asserted: “Nobody wants to cut corners when it comes to riskmanagement […] that means that clients want to future-proof their businesses.
Our role today is to implement these processes to automate as much as possible, while respecting constraints related to compliance, riskmanagement, etc. However, I believe that some professions are at risk of disappearing, such as broker roles in high touch – but we have been saying that for years, and yet they are still here.
Elsewhere, Kirk is set to oversee and enhance Tourmaline’s services in support of assetmanagers globally as part of his new role. BlueCrest Capital Management’s new company, FX trading technology platform BlueX, has appointed Graham MacGregor as chief executive officer.
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 assetmanagement firm and then move into a commodity role once you prove yourself.
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.
Papanichola began his career at interdealer broker, GFI, however quickly realised the environment wasn’t the one for him. It’s about riskmanagement philosophy and methodology,” explains Papanichola. Interesting, lucrative, fun but highly unconventional,” he says. We use a variety of high and low touch.
Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the riskmanagement practices of prime brokers. Elsewhere, other local regulatory changes and benchmark replacements continue to impact prime brokers.
Head of the EMEA equities desk at the world’s largest assetmanager, Paul Battams, oversees a highly talented team of 14 traders covering the scope of equities and equity derivatives execution for the entirety of BlackRock’s investment teams.
BMLL Technologies BMLL provides its clients – banks, brokers, assetmanagers, 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.
Notable transactions include the January 2024 acquisition of $54 million EV Damstra Technology, a provider of integrated workplace management software and related mobile applications for businesses worldwide. The software provides features for access control, assetmanagement, eLearning, and predictive analysis.
Subject to regulatory approvals, the service will come through its Amsterdam-based clearing house and introduce matching, CCP clearing, settlement and post-trade lifecycle management for SFT transactions in European cash equities and ETFs, and settlement will take place in 19 European Central Securities Depositories (CSDs).
New rules have impacted almost every financial firm, ranging from banks to assetmanagers. In a wider sense, Basel III impacted financial market by promoting greater stability, resilience, and riskmanagement within the banking sector. The years following 2008’s GFC experienced continued financial regulatory reform.
The role of prime brokers and global custodians is also set to be addressed in this vein with an end goal of allowing market participants better access to data and ultimately, better execution. Related to this, is the third focus – FX data and the promotion of it’s good use.
Lisa Danino-Lewis, chief growth officer, CLS In 2024, weve witnessed a continuation in the buy-sides emphasis on adhering to best practices for mitigating settlement risk to meet regulatory expectations and to ensure robust riskmanagement practices.
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