The TRADE

JUNE 10, 2024

UBS selected one of its newly acquired Credit Suisse staff to replace its retiring global head of execution services, Brent Johnson, according to an internal memo seen by The TRADE. He began his trading career at UBS in Hong Kong. Livingstone previously served as head of trading – FX and ETFs at Tavistock Investments.

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The TRADE

FEBRUARY 26, 2024

Ryan O’Connor left Goldman Sachs Asset Management and is set to join ETF provider Global X ETFs as chief executive on 8 April. He most recently served as global head of ETF product, having initially joined Goldman Sachs Asset Management back in 2017 to build out the US fund strategist model portfolio business.

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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. The concept of central clearing of SFTs is not new and has been tried before with varying degrees of success.

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The TRADE

FEBRUARY 21, 2024

Ryan O’Connor has left Goldman Sachs Asset Management and is set to join ETF provider Global X ETFs as chief executive on 8 April. He most recently served as global head of ETF product, having initially joined Goldman Sachs Asset Management back in 2017 to build out the US fund strategist model portfolio business.

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The TRADE

APRIL 29, 2024

The new desk is Investec’s first low touch offering based in London and comes off the back of increased client demand, The TRADE understands. Lowres joins Investec as head of electronic trading and execution strategy after almost 17 years with Liberum. Alongside him, Matthew West joins Investec as a global electronic sales trader.

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The TRADE

JUNE 15, 2023

SIFMA and its asset management arm have published an open letter expressing concerns about the SEC’s proposal to redefine what constitutes an exchange and expand Regulation ATS, stating that it is not appropriately tailored to existing systems.

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The TRADE

OCTOBER 22, 2024

One other point was that there should be a recommendation, but not a regulatory requirement, to transition the mutual fund subscription and redemption settlement cycle to T+2 from the common T+3/4 in the UK and other popular EEA fund jurisdictions to coincide with the UK, EU and Swiss transition to T+1 in capital markets.

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The TRADE

MAY 1, 2024

Some 83% of asset managers plan to change product strategy in the next two years, a new survey from Northern Trust has found, emphasising the need to cater to diverse investor needs. Technology appears to be at the heart of that change, with 77% planning to leverage new tech within the same timeframe.

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The TRADE

OCTOBER 27, 2023

As part of a major scheme from the Monetary Authority of Singapore (MAS) to develop the region as a global FX trading hub, several large banks over the last few years agreed to develop FX pricing and trading engines in Singapore, in partnership with MAS.

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The TRADE

MAY 15, 2024

BNY Mellon has today announced the integration of Global Markets Trading (GMT), which will combine the firm’s capabilities in foreign exchange, fixed income, equities and capital markets to provide full-service client provisions.

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The TRADE

JUNE 27, 2023

Asset managers are turning to third party vendor relationships as a means of reducing costs, a report from Northern Trust and Coalition Greenwich has found. Around 37% of the 151 asset managers surveyed by Northern Trust confirmed plans to renegotiate fees with vendors to reduce costs and increase efficiencies.

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The TRADE

MARCH 11, 2024

BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses. Gould joined BNY Mellon after three years at RBC Capital Markets where she previously served as co-head of equities electronic sales and trading.

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The TRADE

NOVEMBER 13, 2024

But what does the persistent evolution of AI mean for capital markets specifically? The world of trading, and investment generally, is littered with the remnants of now-redundant solutions once thought to be the ‘future’ of the industry.

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The TRADE

APRIL 10, 2024

BIDS Trading has appointed Brian Hickey senior director of product. Hickey previously served as head of product at LedgerEdge for nearly a year and a half, prior to the trading platform closing down last year. Most recently, he served as head of cross-asset electronic trading, a position he held for just over three years.

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The TRADE

JANUARY 11, 2024

As part of the expansion, FIS has extended its FIS’ Cleared Derivatives (CD) platform – historically used by clearing members – to buy-side firms including hedge funds, asset managers and insurance companies, allowing them to access trading venues and clearing houses directly, which can help reduce counterparty risk and free up capital.

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The TRADE

DECEMBER 27, 2023

Marex to acquire Cowen’s prime brokerage and outsourced trading business from TD At number ten was a story broken by The TRADE in September, news that Cowen’s prime brokerage and outsourced trading business had been acquired by Marex just six months after TD completed its purchase of the business. He will report to Blatch.

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The TRADE

JANUARY 22, 2025

What has your journey to the trading desk been like? I spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. I oversee the capital markets function and I assist in origination.

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The TRADE

JULY 25, 2023

Invesco’s US-based global head of fixed income trading Glenn Taitz has left the firm to join Adroit Trading Technologies, The TRADE can reveal. During his time with the asset manager Taitz was responsible for Invesco’s fixed income trading desks in the US, UK and Hong Kong.

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The TRADE

JULY 18, 2024

GIX submitted its Form 1 application on 9 May 2023, outlining plans to operate a fully automated electronic trading platform for the trading of listed equities – no physical trading floor is planned. Discussing the aims of GIX, Labovitz tells The TRADE that it comes down to addressing all aspects of an exchange’s offering.

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The TRADE

JUNE 23, 2023

EU asset managers, banks and brokers are urging policy markets not to succumb to pressure that could potentially lead to suboptimal outcomes in the Markets in Financial Instruments Directive (Mifid/r) review.

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The TRADE

APRIL 29, 2025

SIX has launched a new data offering to enhance coverage, reliability and pricing flexibility for the global fixed income markets. The post SIX launches new data offering for global fixed income markets appeared first on The TRADE. The provider has said that the offering will give clients access to data for 3.6

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The TRADE

JANUARY 2, 2024

Eric Heliene, head of buy-side trading desk, Groupama Asset Management  The intensification of financial regulation is a fundamental trend transforming the asset management ecosystem.  While the EU has agreed to a real-time pre- and post-trade consolidated tape (CT) for equities – the devil will be in the detail.

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The TRADE

JULY 15, 2024

Rikki Corbyn left State Street Global Advisors (SSGA) following 11 and a half years with the firm, The TRADE learnt. Following his departure he is set to join Barclays Capital. Prior to his time at SSGA, Corbyn held settlement-related roles at Credit Suisse, Citigroup, and Barclays Capital.

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The TRADE

DECEMBER 18, 2023

Improved post-trade efficiencies and initial regulatory leniency will hopefully make this an easier pill to swallow but funding costs and liquidity impacts are yet to be realised. Despite the ongoing uncertainty for participants, 2024 promises to be another eventful year for Pan-European market structure.

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The TRADE

AUGUST 31, 2023

Liquidnet brings knowledge and experience in capital markets to the Partnership and will play a crucial role in shaping and informing Plato’s initiatives within capital markets, the organisation said. The post Plato Partnership admits Liquidnet as strategic partner appeared first on The TRADE.

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The TRADE

JULY 29, 2024

David Kirk is set to join Millennium, following almost three and a half years at Marble Bar Asset Management where he most recently served as a trader, The TRADE understands. Kirk joins the capital management firm with experience working as a trader on both the buy- and sell-side.

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The TRADE

AUGUST 7, 2024

Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capital markets for decades in some form or another. However, an undeniable surge has occurred across the trading sphere over the last few years, with decidedly mixed results. And the number is climbing.

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Global Banking & Finance

MAY 7, 2024

Race for Europe’s first ‘real-time’ stock trade tape heats up By Huw Jones LONDON (Reuters) – Banks and asset managers are vying with Europe’s exchanges to develop technology that can deepen the pool of investors in the continent’s capital markets and better compete with Wall Street.

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The TRADE

JANUARY 8, 2024

Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. His experience also encompasses hedge fund related roles, including futures and options trading and work on a fixed income desk.

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The TRADE

OCTOBER 23, 2023

Louis de Kock is set to depart J O Hambro Capital Management in the coming weeks, with Adam Simmons taking over as head of trading, as revealed by The TRADE. Asset manager Ninety One promoted from within for its new deputy global head of trading and head of trading for South Africa.

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The TRADE

DECEMBER 28, 2023

UBS shakes up execution services management team structure People moves are always one of our biggest draws in readership, and in October, UBS’ plans to make changes within its execution services business , specifically the electronic trading area, became one of most read stories of the year.

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The TRADE

AUGUST 28, 2023

Northern Trust promoted Dane Fannin as its new head of global foreign exchange (GFX)and securities finance within its capital markets business. Elsewhere, Irwin spent almost six years at Nordic universal bank Nordea, most recently serving as senior dealer – foreign exchange sales and trading.

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The TRADE

DECEMBER 21, 2023

The pandemic marked a seminal moment across the capital markets, effectively drawing a line between the old world and the new. And soon, it may no longer be just a service that applies to smaller fund managers. Outsourced trading is no longer a taboo topic. It’s no longer all or nothing.

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The TRADE

MARCH 4, 2024

Redburn Atlantic has expanded its UK and European execution business with two new heads of sales trading. Tony Atkins was appointed UK head of sales trading. 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.

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The TRADE

APRIL 8, 2024

Jefferies appointed Joram Siegel as managing director, head of fixed income outsourced trading. Siegel joined Jefferies from Marex, where he spent the last four months serving as head of fixed income outsourced trading. Other previous tenures include credit trading roles at both Barclays Investment Bank and Credit Suisse.

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The TRADE

OCTOBER 13, 2023

Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG), The TRADE can reveal. The change marks a move away from the buy-side for Worrell who has an extensive equity trading career.

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The TRADE

JULY 24, 2023

RBC Capital Markets appointed Giles Gleave and Mike Heraty as its newest managing directors, according to an internal memo seen by The TRADE. He has been appointed senior trader at Norges Bank Investment Management, based in New York. The post People Moves Monday: Musical chairs appeared first on The TRADE.

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