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According to the businesses, the aim is to “revolutionise India’s assetmanagement industry and transform financial futures” through combining the scale and investment history of BlackRock, with the technology resources and local market knowledge held by JFS.
Ryan O’Connor has left Goldman Sachs AssetManagement 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 AssetManagement back in 2017 to build out the US fund strategist model portfolio business.
Linedata’s 2023 global assetmanagement survey has found the main focus globally is on future cost saving and automation. The survey also found that AI adoption appeared more prominent in the front-office, while middle- and back-office functions lagged behind, with only 22% of AI deployment in trade execution.
BlackRock has promoted from within for its new head of European credit trading, according to an update on social media. Dean Catton has been selected to take the helm for the assetmanager’s European credit business after spending the last two years as its head of European leveraged finance trading for its alternatives business.
Marex has become a trading and clearing member of Singapore Exchange Group (SGX), which will allow the firm to offer direct trading and clearing services to clients across SGX. Marex’s clearing business offers infrastructure services to a range of clients including banks, hedge funds, assetmanagers, corporates and trading groups.
The annual Leaders i n Trading gala is the most distinguished awards night for the trading community. Among the most coveted awards categories is the Editors’ Choice Awards and today we bring you the 2023 nominees for Outstanding Post-Trade Services Provider.
Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the riskmanagement practices of prime brokers. These forces have rumbled markets and led to heightened volatility.
But a few related areas, such as commodity desks at banks, commodity trading advisors (CTAs), and physical commodity trading shops could put up a good fight for that “most cyclical” title. We should also step back and define “commodities” and “commodity trading” since they’re massive areas.
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for the Outstanding Market Data Provider category, shining a light on those displaying recent excellence in the data sphere.
German assetmanager BayernInvest has adopted an integrated suite of Bloomberg solutions to support its front-to-back workflows. Expanding our engagement with Bloomberg as our technology partner has enabled us to streamline our investment management and operations workflows,” said Alexander Mertz, chief executive of BayernInvest. “It
Read more: Fireside Friday with… Morgan Stanley’s Maria Salamanca Mejia Previously in his career, McMahon worked as a centralised dealer at Bank of Ireland AssetManagement, working on the multi-asset global trading desk.
Cboe Global Markets announced that its new Cboe S&P 500 Variance Futures are expected to begin trading on Monday 23 September on the Cboe Futures Exchange. Cboe Global Markets added that the contracts will quote and trade directly in variance units, offering a simplified approach to managing and trading variance exposure.
TS Imagine and Cassini Systems have today entered a strategic partnership, with Cassini’s intelligent analytics across over the counter (OTC) and exchange traded derivatives (ETD) products now available via TS Imagine’s offering, The TRADE can reveal.
Senior equity trader at Janus Henderson, Stuart Mair, left the assetmanager after 14 years. According to an update on his social media, Mair joined hedge fund and systematic trading platform Schonfeld as an equity trader dealing with long and short strategies. As part of his new appointment, Chin will be based in New York.
Read more: Falling European SI volumes shows traders’ changing approach to risk during volatility, survey finds Despite FX volatility falling slightly in the more recent term – the degree to which clients are hedging has therefore gone up, not down.
Starting from 22 January, Eurex will begin trading futures on SRI indices calculated by STOXX and MSCI, strategic partners in Eurex’s offering of derivatives on ESG indices. Average daily trading volume last year was more than 12,000 contracts, with annual trading volume roughly 5% above 2022.
The BlackRock EMEA equity trading team picked up The TRADE’s highly coveted Trading Desk of the Year, Long-Only award at the Leaders in Trading 2023 event in November. And that is exactly what the London-based trading team embodies. Every day is different, and markets are evolving at a phenomenal pace.
Cheung was previously a strategic account manager at Enfusion, focused on APAC-based hedge funds, family offices and assetmanagement firms. In his new role, Hoong will provide technical account management and support to clients in Hong Kong.
BlackRock promoted Dean Catton to take the helm for its European credit business after spending the last two years as its head of European leveraged finance trading for its alternatives business. Previously in his career, he spent several years in credit trading roles at StormHarbour Securities, UBS and Elgin Capital.
Subject to regulatory approvals, the service will come through its Amsterdam-based clearing house and introduce matching, CCP clearing, settlement and post-trade lifecycle management for SFT transactions in European cash equities and ETFs. Settlement will take place in 19 European Central Securities Depositories (CSDs).
Read more – The Outsourced Trading Handbook 2023 Finally, the important aspect of data was addressed, specifically its role in model riskmanagement and the potential for AI to affect risk through sample bias, model drift, and the black box effect.
Major assetmanagers, ourselves included, have traditionally favoured partnerships with banks known for their research and presence in a particular region. Recent trends highlight an increasing demand from assetmanagers, fast money, and quant funds, expediting the transition toward electronification in NDF markets.
But a series of trades doesn’t simply add up to a position. This is compounded by a couple factors -the increase in transaction volumes and more complex assets being transacted. If you look at sovereign wealth funds and pension funds, as a macro trend, they’re starting to insource more of their own riskmanagement.
Buy- and sell-side panellists speaking on day 1 of the TradeTech FX Europe 2023 conference have confirmed that the use of algorithms in FX swaps trading is not at the forefront of their minds. I don’t think so,” said Emmanuel Hurault, credit, FX, rates, and derivatives trader at Groupama AssetManagement. “We It needs good TCA.
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 financial markets executives as managing directors to help strengthen its global trading capabilities.
The DTCC launched a similar service in the US recently, and much like its counterparts across the Atlantic, Cboe said it expects “to help to bring improved capital efficiencies, enhanced riskmanagement and streamlined operational procedures to this market”.
What advice would you give to others looking to also enter the world of equity trading? I started with forex, and even though I am now multi-asset, equity occupies most of my time, much to my delight. The post Fireside Friday with… Generali Insurance AssetManagement’s Marie-France Gavillon appeared first on The TRADE.
But there are other areas in the capital markets, for example, where we do need further regulatory clarity and we’ve seen a change in the trend where market makers, proprietary firms and trading firms are moving their businesses offshore as a result of the regulatory landscape that we have here in the US.
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.
Edelweiss Financial Services: India’s leading financial services company, providing a wide range of services to businesses, including investment banking, assetmanagement, and wealth management. It can also provide advice and assistance in areas such as financial management, corporate strategy and riskmanagement.
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.
“Year-to-date, we’re seeing for the first time in many years a notable uptick in new fund launches and spin outs from bigger places,” says Jack Seibald, managing director, co-head of Marex prime services and outsourced trading. They are now trading in all these other asset classes. billion in 2023.
New rules have impacted almost every financial firm, ranging from banks to assetmanagers. The importance of these rules can be linked to the reshaping of the regulatory environment and ultimately creating a more robust trading environment and promoting investor confidence.
What we want to do in the global community is promote the adoption of payment versus payment and settlement methods or something similar – for example automated netting – or anything else which can significantly mitigate risks,” said Garcia. Related to this, is the third focus – FX data and the promotion of it’s good use.
If we look ahead to capital markets over the next two decades, the future of trading infrastructure will be built on a fabric of interconnected markets with a common data architecture, seamless connectivity throughout the ecosystem of exchanges and participants, minimal latency, and advanced AI-powered tooling.
The firms new initiative with FlexTrades FlexONE OEMS and FlexTRADER EMS will offer mutual clients a solution for managing the entire trade lifecycle, from order execution to post-trade compliance and reporting.
Lisa Danino-Lewis, chief growth officer, CLS In 2024, weve witnessed a continuation in the buy-sides emphasis on adhering to best practices for mitigating settlement risk to meet regulatory expectations and to ensure robust riskmanagement practices.
Devexperts has launched a fully customisable, single-dealer multi-asset platform, designed for banks, hedge funds, assetmanagers, and market makers seeking to update front-end legacy systems. The post Devexperts targets institutional firms with new single-dealer platform launch appeared first on The TRADE.
Jim Kaye, Executive Director at the FIX Trading Community Next year will be the year of preparation. One of the key challenges facing firms is the need for faster and more accurate trade matching. Under the current T+2 cycle, discrepancies in trade details can often be resolved with minimal impact.
Following almost ten years at ING bank, market structure expert Stephane Malrait joined Etrading Software as chair of its industry stakeholder group (ISG) on the consolidated tape (CT), as revealed by The TRADE. Stuart McDonald was appointed director, cross-asset trader at Julius Baer, based in Monaco.He
The integration of Yield Books best-in-class fixed income analytics with Axioma Risk enables more clients with market-leading data, analytics and riskmanagement tools at their fingertips, said Emily Prince, group head of analytics at LSEG. This is another step toward enabling faster and more informed investment decisions.
It can potentially be a great opportunity, but only if you understand the fundamentals, including the risks and caveats: Table Of Contents Why Do Hedge Funds Like Biotech So Much? Example Biotech Trades What Makes Biotech Hedge Funds Different? Of course, many other trades are possible. And What Do They Do?
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