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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.
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 fund manager 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.
State Street Global Advisors and Galaxy AssetManagement have unveiled a new collaboration aimed at bringing investors digital asset-based strategies, offering key exposure to companies involved in the digital asset space. trillion digital asset landscape through manager-directed strategies. “We
Sumitomo Mitsui Trust AssetManagement has adopted DTCC’s Institutional Trade Processing (ITP) suite of services in a bid to enhance its offering as the US shift to a T+1 settlement cycle fast-approaches, scheduled for 28 May. We are happy to collaborate with the wider industry to bring accelerated settlement to our clients.”
Union Investment’s Christoph Hock is set to step away from his role as head of multi-assettrading later this year to pursue an opportunity in digital assets and tokenisation within the assetmanagement firm, as revealed by The TRADE. His new role is not yet public but will be communicated in due course.
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. It could be said that Europe was slow to adopt our version of supplemental trading.
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. The post The TRADE predictions series 2024: Market volatility appeared first on The TRADE.
Balraj Bassi, co-founder and chief executive officer, Tradefeedr Data analytics in financialmarkets has reached the point where clients have access to complete global data sets, and we see 2024 as the year where this will drive change in how counterparties interact and in automating trading workflows.
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. A reminder perhaps that caution is our best friend when it comes to technological innovation.
Speaking to The TRADE Annelotte De Nanassy , senior product manager, financial information at SIX, explained: “SIX Bot was created as a direct result of feedback from our clients. The post SIX unveils new bot providing clients enhanced insight into corporates’ movements appeared first on The TRADE.
The London-based trading team at Ninety One has a very particular set of skills. The active investment manager specialises in emerging and frontier marketstrading across fixed income, credit and specialist equities. Gibson is a seasoned trader with an extensive career in markets.
In the ever-evolving landscape of financialmarkets, the emergence of digital assets has resulted in a paradigm shift as conventional notions have been challenged and new players have emerged along with a reshaping of the way in which financial systems are perceived and interacted with.
The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2023. The winner will be decided by a live industry vote at The TRADE’s Leaders in Trading gala awards night on 8 November. Congratulations to this year’s shortlisted nominees!
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.
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Non-Bank Electronic Liquidity Provider, showcasing excellence in liquidity provision outside of the traditional sphere. billion compared to € 2.8 billion the previous year.
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. It will be more important than ever to support government bond liquidity in the current high interest rate environment and ongoing volatile markets.
Around-the-clock (24/7) trading is something we already see in the foreign exchange markets and the growing cryptocurrency landscape. Yet with equities, these markets are constrained by market hours which may be specific to a region and/or exchanges themselves. Already in EMEA, we have six valid trading days.
Market volatility and the continuously changing regulatory environment demand faster response to client needs. Access to high quality data is crucial but thanks to innovation and AI we are now able to enhance foreign exchange trading workflow in a most efficient way. What still needs to be done to optimise automated trading in FX?
Elsewhere, Liquidnet will participate with the Turquoise Plat Expert Group, which aims to provide market model enhancements to refine equity block liquidity and provide greater efficiencies in anonymous equity block trading. “At The post Plato Partnership admits Liquidnet as strategic partner appeared first on The TRADE.
Robinson – who previously served as head of strategy for LSEG Post Trade – will lead CDSClear as it enters the next phase of its international expansion, namely across the US, building upon the launch of client clearing to US firms in February. “I
As part of the collaboration, Cboe plans to list cash-settled index options on FTSE’s indices – subject to regulatory approvals – which will target increased investor demand for exchange-traded derivatives to manage crypto exposure in a US-regulated trading environment.
“As part of our mission to improve markets, we proactively seek to share our knowledge and expertise as a way of driving progress throughout our industry,” said Jan Boomaars, chief executive of Optiver. “A The post Optiver becomes first market maker to join Plato partnership as full member appeared first on The TRADE.
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. Emily Facchina Fluet joined Jain as a trader working in London under head of EMEA trading, Jeremy Wyatt. Fluet parted ways with Credit Suisse in November last year.
The aftermath of 2022’s high volatility – which peaked in Q4 – has led firms to increase the degree to which they hedge, with the market acutely aware of the persistent threat of significant geopolitical situations across the globe. Specifically, the combination of rising interest rates, high inflation and geopolitical uncertainty.
The onus is now on these providers to alleviate any workflow issues that may arise for buy-side firms looking to trade around the time of the cut offs – of which there are many. The idea that more trades might be settled bilaterally also increases the counterparty risk that regulators have been looking to avoid across the industry.
Elsewhere in his career, Chalkley served as a European government bond, inflation and absolute return fund manager at BlackRock. Tourmaline Partners hired three new seasoned financialmarkets executives as managing directors to help strengthen its global trading capabilities.
The TRADE reported on 14 August that the testing period for the shift to T+1 settlement in the US had officially begun. Many of the chief concerns revolve around FX trades which are typically executed after an equity trade has been matched and executed and subsequently will be under increased time pressure.
What are the key drivers behind assetmanagers’ move towards multi-assettrading and what benefit can this provide? Stephane Marie-Francoise Marie-Francoise: Everything starts with the desire from the investment team to develop a multi-asset class strategy offering.
The Securities and Exchange Commission (SEC) has allowed its no-action letter to the Securities Industry and FinancialMarkets Association (SIFMA), based on enforcements surrounding research services, to expire – reinforcing that it was not intended to be permanent solution. That bill is, however, not in effect.
How impactful could Generative AI be in financialmarkets? It’s in these areas that GenAI will truly stand out, providing a valuable enhancement to the conventional quantitative analyses focused on pricing and financial data.
According to the bank, this compares to a prior year quarter where “extreme market activity in the wake of uncertainty surrounding the war in Ukraine” affected results. Net revenue for ‘fixed income, currency (FIC) sales and trading’ within the investment bank fell by 9% compared to the second quarter in 2022.
But running through the Brighton born and bred Papanichola’s veins is an activist streak that has continued to influence his decisions and shape the course of his career to date, ultimately leading him to his current role as head of trading at London-based activist hedge fund, Bluebell Capital Partners.
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. The post Fireside Friday with… Google’s Rohit Bhat appeared first on The TRADE.
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. As well as focusing on the US T+1 impact on European markets, subgroups are also reviewing whether the EU could and should move to T+1.
However, I think a key area – informed by the kind of volatility we experienced earlier in the year – is the increased adoption of the Request-for-Market or RFM protocol in markets where Request-for-Quote (RFQ) used to be the dominant mechanism. I would highlight its position on the trading venue perimeter specifically.
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. .”
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.
First up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Exchange Group – one of The TRADE’s highly coveted and legacy awards for the exchange community.
In addition, another key aspect and priority for the Committee’s review was the shift to T+1, which Garcia explained may require a review of the code with regards to post-trade settlement processes. Related to this, is the third focus – FX data and the promotion of it’s good use.
Chris Jackson, global head of equity strategy and head of equities, EMEA, Liquidnet As we look ahead to 2025, we see it as a transformative year in how and what we trade. For assetmanagers, maintaining quality execution expertise in this changing landscape will be critical for sustained fund performance.
Stephen Grady, head of global markets and executive vice president at Lombard Odier, accepted a Lifetime Achievement Award from The TRADE last night at Leaders in Trading 2024. He then moved to London in 1997 for a senior dealer role at Legal & General Investment Management.
Chris Jackson, global head of equity strategy and head of equities, EMEA, Liquidnet As we look ahead to 2025, we see it as a transformative year in how and what we trade. For assetmanagers, maintaining quality execution expertise in this changing landscape will be critical for sustained fund performance.
JSE-FIX is a vendor, venue and asset class agnostic offering and aimed at simplifying access to South Africas secondary markets and contribute to growing the increasingly diverse community of assetmanagers, sell-side brokers, and technology providers in the region.
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