Remove Asset Management Remove Broker Remove Trading
article thumbnail

Receiving ‘proper coverage’ from brokers cited as buy-side’s biggest pain point in equity trading workflow in new report

The TRADE

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.

Broker 78
article thumbnail

People Moves Monday: Millennium, Schroders Wealth Management, Northern Trust Asset Management and more…

The TRADE

Umair Khan Marwat joined Millennium as a trader, following almost two and a half years at Balyasny Asset Management. Hong Kong-based Marwat previously worked at Credit Suisse, focused on AES, algorithmic, and direct market access (DMA) trading, before joining Balyasny Asset Management in 2021 as a trader.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Asset managers not prioritising research budgets as prospect of rebundling looms, study finds

The TRADE

Asset managers are focusing on costs and value, and in turn are not prioritising investment research budgets as the prospect of rebundling looms, a new buy-side study by Substantive Research has found. since 2022 – now at 54.6%.

article thumbnail

People Moves Monday: RBC, UBS, Balyasny Asset Management and more…

The TRADE

RBC appointed two former Credit Suisse senior algorithmic trading individuals to join its low touch electronic sales and trading team. Also appointed to the low touch sales and trading team at RBC is Suzanne Webster, who joined as a multi-asset director.

article thumbnail

US market increasingly ready to embrace Alternative Trading Systems

The TRADE

As equity traders continue to seek ever more innovative ways to bolster their offerings, the rise of Alternative Trading Systems (ATSs) has followed – currently executing around 16% of all US equity volume. Speaking to the motivators, one surveyed sell-side head asserted: “The buy side wants to see us trading there.

Trading 69
article thumbnail

Broadridge launches real-time reconciliation solution for high volume trading

The TRADE

Broadridge Financial Solutions has launched a new solution designed to meet the needs of asset managers with high volume and/or high-touch orders. Named NYFIX Fill Matching, the FIX based real-time reconciliation product compliments Broadridge’s existing post-trade NYFIX Matching solution.

Trading 69
article thumbnail

Asset manager consolidation wave continues as two deals announced in 24 hours

The TRADE

The near-constant stream of mergers and acquisitions across both the sell- and buy-side appears to show no signs of abating as two asset management deals have been announced in the past 24 hours. In the same week, Redburn merged with Atlantic Equities – creating a London-headquartered transatlantic broker.