The TRADE

JUNE 10, 2024

Previously in his career, he served as head of equity trading for Asia Pacific at Deutsche Bank and Deutsche Bank Securities for two years and 13 years, respectively. Alex Livingstone, formerly head of trading for ETFs and FX at Titan Asset Management, joined Titan Investment Solutions as a junior portfolio manager and trader.

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Growth Business

OCTOBER 30, 2023

More than £150m of funding was provided by Yorkshire, Manchester and Merseyside pension funds, while further support was secured from institutional investors including British Patient Capital (part of the British Business Bank) and Lansdowne Partners.

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The TRADE

FEBRUARY 10, 2025

Further roles at Fidelity International include stints as fixed income trading business manager, senior fixed income change manager, and senior fixed income portfolio analyst. Before joining Fidelity International, Awan spent two years at Royal London Asset Management.

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The TRADE

MAY 1, 2024

Some 83% of asset managers plan to change product strategy in the next two years, a new survey from Northern Trust has found, emphasising the need to cater to diverse investor needs. Technology appears to be at the heart of that change, with 77% planning to leverage new tech within the same timeframe.

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The TRADE

JUNE 7, 2024

It’s more the longer-term items of extending settlement stress testing, your custodian’s ability to afford you an overdraft, seeing what the claims do in this quarter compared to last quarter,” said another asset manager on the discussion being held under Chatham House rules.

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The TRADE

NOVEMBER 13, 2023

Nasdaq European Markets selected Matteo Balladori, former head of European business development at Citadel Securities, to join the venue as a senior sales director, The TRADE revealed. He joined Nasdaq European Markets in its European equities sales team based in London after nearly six years at Citadel Securities.

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The TRADE

JUNE 15, 2023

SIFMA and its asset management arm have published an open letter expressing concerns about the SEC’s proposal to redefine what constitutes an exchange and expand Regulation ATS, stating that it is not appropriately tailored to existing systems.

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The TRADE

AUGUST 29, 2023

UK asset manager Liontrust conditionally agreed to acquire its Swiss competitor GAM Holding for £96 million back in May, following murmurs of the deal in April. The investor group has confirmed to the current board “their intention to secure sufficient financial resources to fund GAM’s operations as a going concern”.

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The TRADE

OCTOBER 22, 2024

The post Asset management association pushes for Europe to switch to T+1 in 2026 appeared first on The TRADE.

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The TRADE

JULY 13, 2023

The US move to T+1 settlement was passed through in a bid to increase the efficiency of market operations, however an Acuiti report has stated that 53% of asset managers believe that the move will not make US equities more attractive. European authorities are preparing EMIR 3.0

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The TRADE

DECEMBER 29, 2023

Coming in at number three in our most read stories was news in September that the US’ Securities and Exchange Commission (SEC) had issued a ruling for a new National Market System. Among the asset management bands that were merged were Perpetual, Pendal, Barrow Hanley, J O Hambro, Regnan, Trillium and TSW.

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The TRADE

JUNE 14, 2023

Exchange and clearing house operator Cboe Global Markets is planning to introduce a central counterparty (CCP) clearing service for securities financing transactions (SFT) in Q3 2024. Settlement will take place in 19 European Central Securities Depositories (CSDs).

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Accenture Capital Markets

SEPTEMBER 5, 2023

According to the cyber crime study, an asset management firm could spend more than $17 million per year on charges relating to managing and recovering from incidents. Methodology The study analyzed nine security technologies on two levels. In total, cyber crime costs an organization an average of $11.7

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PE Hub

DECEMBER 20, 2023

Last year, Entropy secured a C$300 million investment from the Brookfield Global Transition Fund I, an energy transition fund managed by Brookfield Asset Management. The post Canada Growth Fund to invest C$200m in Advantage Energy’s Entropy appeared first on PE Hub.

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The TRADE

AUGUST 30, 2023

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 asset management firm, The TRADE can reveal. Union is bolstering its digital assets division, The TRADE understands.

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The TRADE

NOVEMBER 10, 2023

Abu Dhabi Securities Exchange (ADX) has selected the Intercontinental Exchange’s (ICE) Global Network to offer direct market access to global institutional investors. The network’s managed services provide customers with end-to-end hosting, hardware procurement, connectivity and support through a single ICE Global Network solution. “The

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Global Banking & Finance

NOVEMBER 25, 2024

BEIJING/HONG KONG (Reuters) -One of UBS’s joint venture partners in China will sell its entire holding in a securities company, paving the way for the Swiss bank to fully own a sizeable securities brokerage in the world’s second-largest economy.

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Global Newswire by Notified: M&A

MARCH 19, 2024

The acquisition integrates advanced IT, cloud, and SaaS asset security and management capabilities into JumpCloud’s open directory platform The acquisition integrates advanced IT, cloud, and SaaS asset security and management capabilities into JumpCloud’s open directory platform

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The TRADE

JULY 18, 2024

The Green Impact Exchange (GIX) is on track to becoming the first sustainability-focused securities exchange in the US to file with the US Securities and Exchange Commission (SEC), and if approved, could begin operations in early 2025. GIX will provide that.”

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The TRADE

JULY 25, 2023

The solution applies to all asset classes and its use cases will vary depending on varying client types, Clearwater confirmed. Users will gain insights around public securities and private market investments with relation to their own portfolios.

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Global Newswire by Notified: M&A

SEPTEMBER 30, 2024

Securities and Exchange Commission (“SEC”) of a draft registration statement on Form F-4 (“Registration Statement”) by Delta Corp Holdings Limited, a newly created holding company organized under the laws of the Cayman Islands (“Holdings” or “Pubco”). (NASDAQ: KAVL), a Delaware corporation (“Kaival” or the “Company”) and the exclusive U.S.

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The TRADE

JUNE 26, 2023

The central clearing of securities finance transactions (SFTs) is not a new concept, it is one which has been tried before with varying degrees of success. The post Cboe outlines why its clearing service for securities financing transactions will succeed where others have failed appeared first on The TRADE.

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The TRADE

AUGUST 28, 2023

Northern Trust promoted Dane Fannin as its new head of global foreign exchange (GFX)and securities finance within its capital markets business. In his new role, Fannin will be responsible for innovation and business growth across Northern Trust’s suite of GFX and securities finance solutions.

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The TRADE

DECEMBER 28, 2023

At the time, the Swiss National Bank said that the takeover provided a solution “to secure financial stability and protect the Swiss economy in this exceptional situation”. Prior to joining Citadel Securities, Balladori served at the London Stock Exchange in its secondary market division for almost two years.

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The TRADE

OCTOBER 1, 2024

As part of the role, Raghavan will serve a broad mandate across both Citadel Asset Management and Citadel Securities. Citadel has appointed Mukunth Raghavan head of American Treasury quants, based in New York.

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The TRADE

JUNE 16, 2023

BlackRock has filed an application for a bitcoin exchange-traded fund (ETF) to the US Securities and Exchange Commission (SEC), which would allow investors to get exposure to the cryptocurrency. The trust tracks the performance of bitcoin, offering direct exposure to the price of the digital currency, according to the asset manager.

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The TRADE

DECEMBER 19, 2023

Martin Hendry, deputy head of trading, Liontrust Asset Management As we peer into the crystal ball for 2024 trading, a notable shift is anticipated with the adoption of T+1 settlement for US equity transactions. What challenges will Asian and European asset managers face with their FX overlay process?

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The TRADE

FEBRUARY 27, 2024

A source speaking to The TRADE under the condition of anonymity said: “ The acquisition makes perfect sense from the FIS perspective as the vendor can add modern securities processing capabilities to its existing suite of capital markets focused offerings.

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The TRADE

DECEMBER 8, 2023

“In today’s environment, managers are placing greater value on diversification of risk, of securities lending access, of financing and balance sheet,” Pershing told Global Custodian. This is a timing problem which causes issues on T+1 if there are any trade discrepancies between the asset manager and the executing broker.

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The TRADE

JULY 31, 2024

UK asset manager Gravis Capital Management has become the latest to integrate Bloomberg AIM in a bid to enhance its front-office workflows. The asset manager already uses Bloomberg’s portfolio and risk analytics solution, Bloomberg PORT and through the addition of AIM, it now has front-to-back workflow.

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The TRADE

APRIL 29, 2024

He originally joined Liberum eight months ago from Numis Securities – now Deutsche Numis, following its acquisition by the bank last year. Joe Wald, BMO Capital Markets’ managing director and co-head of electronic trading left the bank, departing after four years in his most recent role, according to an update on his social media.

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The TRADE

JANUARY 29, 2024

Bradley left LSEG in November 2022, after nearly six years, most recently serving as head of sales and platform distribution for securities trading. Hepsworth was appointed to the desk at the London-headquartered asset manager after spending the last four and a half years at MarketAxess in a facilitation trading role.

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The TRADE

JULY 8, 2024

Senior equity trader at Janus Henderson, Stuart Mair, left the asset manager after 14 years. Prior to his most recent role he spent six and a half years as a multi-asset trader. He originally joined the asset manager in 2010 as an RFP associate on the fixed income team.

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The TRADE

JUNE 6, 2023

The application incorporates real-time liquidity information from LTX Liquidity Cloud to simplify workflows and increase efficiency for users’ bond selection and portfolio construction processes, which LTX stated will benefit asset managers hedge funds and dealers.

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The TRADE

JANUARY 8, 2024

RBC BlueBay Asset Management equity trader, Michael Tamou, left the asset manager to join Qube Research & Technologies (QRT). He originally joined the asset manager as an investment operations analyst in 2020. Previously in his career, he spent a year as an operation analyst at Liquidnet.

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Mergers and Inquisitions

JULY 19, 2023

And if you are interested in this strategy, should you even target hedge funds, or would a long-only asset management firm be better? Non-Equity Funds – Finally, it is difficult to “short” certain securities effectively, such as distressed debt and many types of credit (especially structured products ).

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The TRADE

JUNE 19, 2023

Previously in his career, he spent several years in credit trading roles at StormHarbour Securities, UBS and Elgin Capital. He also spent several years at Goldman Sachs in a risk management and product control role. He joined KNG Securities from VTB Capital, where he served as global head of fixed income sales over the last 10 years.

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