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The TRADE’s most read stories of the year part three: Regulation, consolidation and resignation

The TRADE

Perpetual merges regional asset management businesses under one global umbrella At number two in our most read stories series, we have the announcement that Perpetual Group had merged its regional assets management businesses to form one global division in August.

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LMAX Group acquires FX HedgePool

The TRADE

“We believe that with the acquisition of FX HedgePool, our combined client base will benefit from access to a wider suite of products and increased global distribution,” said David Mercer, chief executive, LMAX Group.  “Following this acquisition and that of Cürex last year, we now have a compelling proposition for asset managers and other buy-side (..)

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LMAX Group goes live with FX NDF trading in Singapore and London

The TRADE

Read more: LMAX Group given green light for NDF trading in both Singapore and London The FX NDFs are traded on a central limit order book (CLOB), delivering transparent price discovery and execution to all market participants including banks, non-banks, proprietary trading firms, institutional brokers, asset managers and buy-side institutions. “We (..)

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How do Banks Make Money? Explanation, Examples

Peak Frameworks

Commercial Banks: These cater to businesses, providing loans, treasury, and cash management services. Trading and Proprietary Trading Many large banks are involved in trading activities. 2019 was a notable year for trading, especially for banks like J.P. Take UBS's Wealth Management division.

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Leaders in Trading 2023: Meet the nominees for… Outstanding FX Trading Venue

The TRADE

In 2022, CME Group saw a record year for its exchange-listed foreign exchange products, which was followed by a record day for its FX suite of products in March this year, trading $296 billion notional in one day across over three million contracts.

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Keeping ESG commercial

The TRADE

It was then that he moved onto the proprietary trading desk at the bank, mentored by former head trader at Moore Capital, Joe Cardello, and Jim Byrd, global head of macro trading at RBC. “My My key takeaway from those guys was that the core foundation of trading isn’t about buying and selling.

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Outsourced trading: Easy to do, difficult to get right

The TRADE

In tandem, 50 providers are now dedicated to handling the gamut of trading needs. Cost must be balanced with effectiveness When it comes to outsourcing trading, seeking offerings with clear value-add and a smooth operational set-up has been front of mind for firms. An active manager needs an active desk.”

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