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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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How do Banks Make Money? Explanation, Examples

Peak Frameworks

Trading and Proprietary Trading Many large banks are involved in trading activities. This can be trading on behalf of their clients (like when you buy a stock through a bank's brokerage service) or proprietary trading where banks invest their own money.

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Elliott Picks Apart SEC Case on Disclosures

The Deal

It also fails to evaluate real costs of seeking to protect shareholders who sell shares before an activist campaign materializes, added Richard Zabel, Elliott’s general counsel, in a June 27 letter. Sandell Asset Management and Marcato Capital, two members of the SharkWatch 50, were closed in 2019, The Deal previously reported.

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Elliott Picks Apart SEC Case on Disclosures

The Deal

It also fails to evaluate real costs of seeking to protect shareholders who sell shares before an activist campaign materializes, added Richard Zabel, Elliott’s general counsel, in a June 27 letter. The list, for instance, lists zero assets for Elliott, and two other prominent activists, TCI Fund Management Ltd.

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Inside the FX cut-off conundrum sparking animosity between the buy-side, CLS and custodians as T+1 looms

The TRADE

While fingers of blame are being pointed in each direction, the bottom line is asset managers are now facing operational challenges, the notion of pre-funding trades and balancing settlement security with best execution obligations. One of the biggest talking points for asset managers and their custodians is liquidity.

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Outsourced trading: Easy to do, difficult to get right

The TRADE

The reality is many are not prepared to make the significant investments required to maintain or grow their share of the market.” The important impact of changing market sentiment Demonstrably, things are ramping up and outsourced trading providers are highly cognisant of the importance of keeping up with the pack in this high-stakes game.

Trading 59
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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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