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Digital Asset’s blockchain network Canton has completed a pilot involving a large group of major investment banks and assetmanagers demonstrating interoperability of independent distributed ledger applications (dApps) in the capital markets domain.
Singapore-headquartered fundmanager APS AssetManagement has adopted order and investment management technology solution, Bloomberg AIM, to automate its post-trade workflows. The post Bloomberg AIM adopted by APS AssetManagement to automate post-trade workflows appeared first on The TRADE.
As ESMA’s review of European Union’s post-trade transparency regime enters its final stage, European trade associations have stressed the importance of credit ratings in underpinning the success of the EU post-trade transparency framework for corporate bonds.
Union Investment’s Christoph Hock is set to step away from his role as head of multi-asset trading later this year to pursue an opportunity in digital assets and tokenisation within the assetmanagement firm, as revealed by The TRADE. Poilvet-Clédière brings over 15 years’ experience in financialmarkets to the role.
Outsourced trading solutions firm, Tourmaline Partners, has hired three new seasoned financialmarkets executives as managing directors to help strengthen its global trading capabilities, The TRADE can reveal. He has also previously worked for Goldman Sachs.
One of the stories of the financial crisis is that the bankers that ran big institutions, who had billions entrusted to them, and who projected the air of masters of the universe were in fact buffoons incompetent at anything other than organising their own bonus. Financial innovation is often bad credit made to look good.
Speaking to The TRADE, Oksana Pidkuyko, managing director, head of client analytics, financialmarkets at Standard Chartered stressed the potential positives of this increased volatility, stating that – if handled correctly – the changing landscape could bring potential benefits.
EU assetmanagers, 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.
Citadel Securities Needing little introduction, Citadel Securities, is one of the largest market makers in US Treasuries and USD interest rate swaps globally, and serves an extensive list of financial institutions, including: banks, assetmanagers, pension funds, hedge funds, central banks, and sovereign wealth fund.
Lastly, as active management becomes more relevant again, so too the impact a buy-side trader can have on the investment process; gone are the days of execution only dealers. In Q3-Q4 of 2023, there was an emphasis on the cost of collateral and the strategies firms use to efficiently utilise their asset portfolios for collateral purposes.
Alongside his various equities roles within the market, Jackson has previously been co-chair of the FIX committee for EMEA, an advisor to the UK Government office for science on the future of computer trading in financialmarkets and a founding member of the OpenTCA initiative to promote transparency and standards in transaction cost analysis (TCA).
Start-up hedge fund Jain Global appointed a former Credit Suisse vice president and electronic sales trader to join its ranks on the trading desk ahead of its launch. Prior to joining State Street in 2021, she previously served for more than 17 years at UBS across Zurich, London and Singapore and at Credit Suisse.
While fingers of blame are being pointed in each direction, the bottom line is assetmanagers are now facing operational challenges, the notion of pre-funding trades and balancing settlement security with best execution obligations. That cannot be seen to be a positive outcome.”
Prior to NatWest Markets, Chalkley held similar positions at Nomura, Citi and Morgan Stanley. Elsewhere in his career, Chalkley served as a European government bond, inflation and absolute return fundmanager at BlackRock.
RBC BlueBay AssetManagement The market is already pricing in rate cuts in Q1 although I, along with many others, don’t believe they will begin before the end of H1. The bond consolidated tapes and revised transparency frameworks will do this by opening up fixed income markets to new competitors and innovation.
Capital markets firms will have to work harder to meet new AI talent demands. There’s a skills gap in the financialmarket for new roles like AI quality assurance testers, prompt engineers, AI strategy consultants, and AI product managers. How are industry players adapting to AI developments?
Joining the industry after graduating from business school at the age of 20, Papanichola has an impressive track record that spans across five hedge funds and two banks. It was basically six guys in Berkley Square in a loosely regulated industry at a time where markets were incredibly imperfect,” says Papanichola. “I
The buy-side are “aware and worried” as the US shift to T+1 looms closer and the testing phase begins globally, a panel held by the Association for FinancialMarkets in Europe (AFME) has said. Panellists raised concerns over FX, settlement fails, and potential regulatory hurdles during the webinar held by AFME on 27 June.
On the other hand, foreign exchange – the largest financialmarket in the world – benefits from the fact that trading is not limited to one central location but is instead conducted between participants by phone and electronic communication networks (ECNs) in a wide range of markets globally.
For example, if trades head into the US close, non-US assetmanagers could be left with a tiny window to get an equity trade matched and FX trade generated and then executed into the market. Alternatively, desks have the option to outsource FX all together.
There is some overlap because at the large banks, wealth management clients often get early/privileged access to investment banking products, such as upcoming IPOs, equity/debt offerings, or new investment products. One final note is that in wealth management, there’s a split between relationship managers and investment professionals.
Traditionally, pre-MiFID II, our institutional segment clients were primarily assetmanagers, central banks and other real money-type players. Since MiFID II went live, we have had a notable increase in engagement and traction with the hedge fund community. On the sell-side we have also seen an evolution.
Over the past two decades, several critical financialmarket regulations have been implemented globally, particularly in response to the 2008 Global Financial Crisis (GFC). The years following 2008’s GFC experienced continued financial regulatory reform.
Cboe Global Markets Cboe Global Markets makes another appearance in this award category shortlist for 2023, following its win at last year’s Leaders in Trading awards gala. The exchange has continued to drive innovation within financialmarkets by extending its remit through various product launches.
For assetmanagers, maintaining quality execution expertise in this changing landscape will be critical for sustained fund performance. As investors continue to seek greater exposure to digital assets, emerging technologies such as blockchain could further drive electronification across newer adjacent markets.
For assetmanagers, maintaining quality execution expertise in this changing landscape will be critical for sustained fund performance. As investors continue to seek greater exposure to digital assets, emerging technologies such as blockchain could further drive electronification across newer adjacent markets.
The third topic is artificial intelligence, with the implementation of the AI Act in Europe and potentially similar initiative happening in the UKmeansthat AI is going to remain a big topic impacting the financialmarket industry. How is the role of technology changing as market structure develops?
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