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Rokos Capital Management has appointed Sabina Awan as trading solutions consultant, based in London. Most recently, she served as head of strategic initiatives for global trading. Prior to that, she worked as global trading business manager. Awan announced her appointment in a social media post.
Cboe Clear Europe has received regulatory approval to clear European Securities Financing Transactions (SFTs), granted by De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM). The post Cboe Clear Europe gets regulatory green light to launch securities financing transactions clearing appeared first on The TRADE.
Wells Fargo has appointed Jon Thorne as senior securities sales trading specialist, The TRADE can reveal. Jonathan Tse was appointed managing director, EMEA head of electronic trading quant analytics, platform and product at UBS last month, following a move over from Credit Suisse.
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.
UBS appointed Carlos Salcedo head of capital markets financing sales Americas, according to an internal memo seen by The TRADE. Before joining MEAG, Malakis held senior sales positions with international assetmanagers, including Generali Insurance, Vanguard International and Schroders.
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, The TRADE can reveal. Union is bolstering its digital assets division, The TRADE understands.
Almost two thirds (63%) of buy-side equity market participants believe outsourced desks would result in improved execution quality and trade performance when trading across regions, according to new research from Coalition Greenwich. This figure was up markedly from similar research in 2020, which had the result at 5%.
Fintech giant FIS has acquired SaaS post-trade platform Torstone Technology, according to multiple sources close to the matter. Some of its major recent mandates include a 10-year agreement to provide post-trade technology to BNP Paribas and $1.5
Umair Khan Marwat joined Millennium as a trader, following almost two and a half years at Balyasny AssetManagement. Hong Kong-based Marwat previously worked at Credit Suisse, focused on AES, algorithmic, and direct market access (DMA) trading, before joining Balyasny AssetManagement in 2021 as a trader.
UBS selected one of its newly acquired Credit Suisse staff to replace its retiring global head of execution services, Brent Johnson, according to an internal memo seen by The TRADE. He began his trading career at UBS in Hong Kong. Livingstone previously served as head of trading – FX and ETFs at Tavistock Investments.
Global head of equity trading at Janus Henderson, Dan Royal, accepted a Lifetime Achievement Award from The TRADE last night at the first ever Leaders in Trading New York awards ceremony. Beginning his career in 1984 as an FX tradingmanager at Cargill, based in Chicago, his career spans four decades.
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.
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 assetmanager on the discussion being held under Chatham House rules.
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. It means your company is sincere in its motivation to follow through on those promises.
SIFMA and its assetmanagement 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.
Some 83% of assetmanagers 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.
Martin Hendry, deputy head of trading, Liontrust AssetManagement 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 assetmanagers face with their FX overlay process?
BNY Mellon has today announced the integration of Global Markets Trading (GMT), which will combine the firm’s capabilities in foreign exchange, fixed income, equities and capital markets to provide full-service client provisions.
UK assetmanager 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”.
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 assetmanagement bands that were merged were Perpetual, Pendal, Barrow Hanley, J O Hambro, Regnan, Trillium and TSW.
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 assetmanagers believe that the move will not make US equities more attractive. Just 29% answered that DTO had not had an impact on their trading patterns.
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).
UK-based assetmanager Artemis has selected Northern Trust to provide outsourced trading services for its equities and derivatives activity, effective January 2025. Northern Trust will support all trading activity for Artemis’ equity funds under management and all related over-the-counter and exchange-traded derivatives.
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.
HSBC Global AssetManagement has named Aaron Waters head of European equity trading, following three and a half years as head of equity trading at the bank, The TRADE can reveal. The post HSBC names new head of European equity trading appeared first on The TRADE.
The TRADE is delighted to announce the shortlisted nominees for this year’s Outsourced Trading Awards, a new category set to be presented at our annual awards gala in November alongside our other prestigious awards. For more information and to secure your spot at the event, visit our event page.
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.
Singapore-based investment manager New Silk Road has outsourced its trading to Northern Trust as it seeks to fortify its offering as T+1 looms. We look forward to continuing to build our relationship with New Silk Road to enhance their global trading needs.”
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
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 to acquire Cowen’s prime brokerage and outsourced trading business from TD At number ten was a story broken by The TRADE in September, news that Cowen’s prime brokerage and outsourced trading business had been acquired by Marex just six months after TD completed its purchase of the business. He will report to Blatch.
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!
Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the risk management practices of prime brokers.
As part of the role, Raghavan will serve a broad mandate across both Citadel AssetManagement and Citadel Securities. In this role he built analytical tools, trading strategies and optimisation models. The post Citadel names new head of American Treasury quants appeared first on The TRADE.
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.
Redburn Atlantic has moved to expand its UK and European execution business with two new heads of sales trading, The TRADE can reveal. Tony Atkins Tony Atkins has been appointed UK head of sales trading. Alongside his appointment, Redburn Atlantic sales trader Luc Demoulin has been appointed EU head of sales trading.
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capital markets for decades in some form or another. However, an undeniable surge has occurred across the trading sphere over the last few years, with decidedly mixed results. And the number is climbing.
UBS shakes up execution services management team structure People moves are always one of our biggest draws in readership, and in October, UBS’ plans to make changes within its execution services business , specifically the electronic trading area, became one of most read stories of the year.
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 assetmanagers hedge funds and dealers.
The solution, called SIX Fixed Income Data, is designed to provide banks, assetmanagers, wealth managers and hedge funds globally with reliable fixed income data, based off an array of information sourced from global markets. The post SIX launches new data offering for global fixed income markets appeared first on The TRADE.
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.
Next up in our Leaders in Trading 2023 Editors’ Choice Awards write up series, we bring you the shortlisted candidates for Best Innovation at the Close, recognising those venues going above and beyond to support participants when trading at the Close. Upwards of 30% of volumes now take place in the Closing Auction in Europe.
For some assetmanagers and hedge funds, the seemingly impossible notion of all traders not physically sitting together on a centralised desk and communicating face-to-face was all but wiped away overnight as the hybrid working setup was forcibly tested and passed with flying colours. Outsourced trading is no longer a taboo topic.
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