The TRADE

OCTOBER 26, 2023

UK-based boutique fixed income trading desk BlueBay Asset Management is beginning a new chapter in its life. For head of trading for the RBC BlueBay Asset Management London-based fixed income trading desk, Stuart Campbell, the institution’s combined size is a new strength. You’re taught to almost think like a PM.

Trading 98

Trading Asset Management Management Electronics 98

The TRADE

JUNE 5, 2024

LMAX Group has launched FX non-deliverable forwards (NDFs) which are available to trade in two matching centres: Singapore (SG1) and London (LD4). ” The launch will initially target Asia Pacific and will support increasing regional demand for FX NDF trading and access to institutional liquidity as well as enhanced FX market structure.

Trading 58

Trading Proprietary Trading Book-building Asset Management 58

Francine Way

JULY 13, 2017

Building the proforma income statement, proforma balance sheet, and Free Cash Flow to Firm (FCFF). While different valuation professionals differ on which multiples to use based on the target’s industry, and so on; a few multiples have became analysts favorites: TEV/Revenue, TEV/EBITDA, and TEV/Tangible Book Value.

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Valuation M&A DCF Book-building 130

The TRADE

OCTOBER 9, 2024

The London-based trading team at Ninety One has a very particular set of skills. The active investment manager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. Ninety One’s trading team consists of 17 globally with six – soon to be seven – based in London.

Trading 58

Trading Bulge Bracket Asset Management Bank 58

The TRADE

AUGUST 29, 2024

Buy-side book-building platform Appital has moved to expand its pre-trade price discovery capabilities to allow for greater natural liquidity amongst its buy-side clients. This aligns with our strategy to deliver unique workflows to trading and investment teams.

Trading 52

Trading Portfolio Management Book-building Portfolio 52

How2Exit

FEBRUARY 26, 2023

Lana also co-authored a book about investing in real businesses. The book covers the steps that can be taken to make a business worth buying, such as understanding the market, preparing for the sale, and understanding the legal aspects of the transaction. Concept 3: Network to build relationships.

Book-building 130

Book-building M&A Business Sale 130

The TRADE

NOVEMBER 3, 2023

Next up in our introduction to the distinguished nominees for the Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist the Best Broker Electronic Trading Initiative. Jefferies Jefferies Electronic Trading (JET) offers algorithmic strategies and program trading across Europe, the US and Asia.

Electronics 52

Electronics Trading Broker IT 52

The TRADE

OCTOBER 9, 2023

For Sharon Ruffles, head of fixed income trading for EMEA and Asia Pacific at State Street Global Advisors, the beauty of fixed income lies in how much one day can vary from the next. She began her trading career on an all-female trading desk, and says it was watching the world’s news play out in the markets that drew her to trading. “I

Trading 63

Trading Electronics Portfolio IT 63

The TRADE

FEBRUARY 15, 2024

Non-deliverable forwards (NDFs) have not always gone hand in hand with algorithmic trading, but in light of recent market developments, this could be about to change. The instruments have been pegged by the buy-side as the next frontier when it comes to algorithmic trading efforts in the foreign exchange (FX) markets.

Trading 52

Trading Book-building Asset Management Electronics 52

How2Exit

MAY 22, 2023

Walker Diebold, bestselling author of “Buy Then Build: How to Acquisitions Entrepreneurs Outsmart the Startup Game,” experienced the stock market firsthand as a stockbroker and learned valuable lessons from his experiences. Walker began his career as a stockbroker, advising clients on asset allocation and executing trades.

Business 130

Business Book-building Acquisitions Investment 130

Mergers and Inquisitions

MARCH 8, 2023

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.

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Funds Finance Finance Trading 119

The TRADE

APRIL 3, 2024

Order book depth was recently increased by CME Group by 79%, alongside reducing bid-ask spreads by 31% and facilitating the final settlement of the €STR market’s largest ever futures expiration totalling over 14,000 contracts last month. “Our The post CME Group to launch €STR options next month appeared first on The TRADE.

Book-building 68

Book-building Corporation Trading Management 68

How2Exit

SEPTEMBER 4, 2023

He highlights the value of clean books and the benefits of getting a quality of earnings report before selling a company. rn Clean books add value to a company and make it more attractive to buyers. rn Clean books add value to a company and make it more attractive to buyers.

Business 130

Business Mergers and Acquisitions Book-building Shares 130

Wall Street Mojo

JANUARY 18, 2024

It may also be stated as a statement of the total debit and credit balances extracted from the various accounts in the ledger to examine the mathematical exactness of the books. At the end of every accounting period the accounting books are to be closed and preparing the trial balance is the first step towards it.

Accountant 98

Accountant Book-building Financial Statement Financial Modeling 98

The TRADE

JUNE 4, 2024

Elsewhere, it was noted that some risk managers still rely on multiple, disparate systems to view risk across all their books, with some instances where they can’t establish a single view of enterprise risk especially for more nuanced asset class exposures.

Risk Management 79

Risk Management Book-building Management Financial Services 79

The TRADE

OCTOBER 9, 2023

Sam Hewson – previously global head of digital FX solutions and EMEA head of corporate sales and solutions (CSS) – was appointed global head of FX sales, according to an internal memo seen by The TRADE. Elsewhere, Jamie Mortimore is set to re-join Citi to lead the newly formed global rates algo trading team.

Electronics 63

Electronics Trading Book-building Financial Institution 63

The TRADE

OCTOBER 10, 2023

The partnership is set to include execution venues, precise market data and trade analytics, with Cürex’s bank and buy-side relationships complementing the existing institutional client base of LMAX Group’s FX business. The move is part of LMAX Group’s international growth strategy as it aims to build a leading institutional FX exchange.

Business 68

Business Book-building Trading Asset Management 68

The TRADE

DECEMBER 19, 2024

The new offering combines LSEGs pricing services with Yield Book analytics to create pricing information for around 2.9 The combination of Yield Books trusted, in-depth analytics and LSEGs expertise in evaluated pricing delivers a robust and comprehensive suite of tools to empower clients, said Emily Prince, group head of analytics at LSEG.

Book-building 52

Book-building Portfolio Risk Management Valuation 52

The TRADE

AUGUST 7, 2023

Its role and the way it interacts with institutional investors differs region to region. Looking into this sector, which is set to experience highly anticipated, yet arguably unpredictable, growth – note the GameStop saga of 2021 – The TRADE deep dives into some of the key considerations.

Retail 52

Retail Trading Investors IT 52

The TRADE

OCTOBER 11, 2023

The announcement builds on an existing relationship between Schroders and Xceptor which saw the active investment manager use the platform to process incoming transfer agency cashflows into its investment book of record, BlackRock’s Aladdin.

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Book-building Investment Manager Trading Investment 58

The TRADE

JUNE 19, 2024

Liquidnet is set to roll out the second phase of its derivatives analytics suite in the next few weeks, The TRADE can reveal. It’s not so much that post-trade piece but more of a point of trade process as well.” Already brought to market, phase one includes volume and liquidity information.

Trading 63

Trading Book-building Asset Management IT 63

The TRADE

SEPTEMBER 13, 2023

In an audience poll taken during the morning’s panel exploring liquidity dynamics, 83% of respondents said TCA current models were not going far enough to explain market impact and the potential influence on the outcomes of a trade from pre-hedging risk. There has been a shift to building your own analytics offering,” said one panellist.

Book-building 68

Book-building Trading Negotiation IT 68

The TRADE

SEPTEMBER 14, 2023

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. This was corroborated by sell-side panellist Ben Pearson, co-head of global G10 and PM STIRT [short term interest rate trading] at UBS.

Book-building 63

Book-building Electronics Trading Risk Management 63

Presser & Co

MAY 8, 2023

What’s more, sellers: who delayed the preparation of a 3-way model, who didn’t get it quite right, whose model didn’t balance (remember assets = liabilities + shareholders equity), whose model broke when attempting to update it with new trading data, received lower bids. BeeReadi In response, Presser & Co launched BeeReadi.

Book-building 52

Book-building M&A Accountant Sale 52

The TRADE

AUGUST 4, 2023

The trading venue achieved a net revenue of $467.1 “Our strong results were again driven by our derivatives and data and access solutions categories […] Overall, the first half of 2023 is off to an exceptional start, and I look forward to building upon these trends in the second half of the year and beyond.”

Book-building 52

Book-building S&P Equities Trading 52

The TRADE

OCTOBER 4, 2023

Jonathan Cross, general manager of EMEA at LiquidityBook, said: “Our clients range from start-up hedge funds and large, established asset managers to broker-dealers, outsourced trading desks and software vendors. The post LiquidityBook acquires Messer to boost multi-asset capabilities appeared first on The TRADE.

Portfolio Management 58

Portfolio Management Architecture Portfolio Accountant 58

The TRADE

MAY 29, 2024

Innovation is inevitable as market participants continually seek to enhance their operations across the board, and stock exchanges and trading venues are perhaps some of the most prominent advocates of embracing emerging technological advancements.

Capital Market 71

Capital Market Financial Services Capital Trading 71

Presser & Co

MAY 8, 2023

What’s more, sellers: who delayed the preparation of a 3-way model, who didn’t get it quite right, whose model didn’t balance (remember assets = liabilities + shareholders equity), whose model broke when attempting to update it with new trading data, received lower bids. BeeReadi In response, Presser & Co launched BeeReadi.

Book-building 40

Book-building M&A Accountant Sale 40

The TRADE

OCTOBER 31, 2024

Chicago-based head of US trading at Legal and General Investment Management (LGIM) Ryan Raymond has seen enough economic turmoil during his career to know what to do when markets turn volatile. Specialising in fixed income, specifically credit, Raymond has over two decades of trading experience under his belt.

Portfolio 52

Portfolio Trading Asset Management Management 52

How2Exit

OCTOBER 3, 2022

For all buyers, they have three choices relating to IP: Buy, build, or partner. Ensure your books are in order and invite your accountant to do a stress test on your ability to provide large amounts of data for the due diligence period. These platform MSPs subsequently trade at higher values. QuickBooks, Xero, Wave, etc.).

Management 100

Management S&P Acquisitions Business 100

The TRADE

JULY 24, 2023

Werner Eppacher has spent the entirety of his two-decade financial career with German asset manager DWS Group, catching his first glimpse of a trading floor as an intern for Deutsche Bank in 2003. “A He missed the energy that first drew him to trading and so, when the chance came to move closer to the execution side of things, he took it.

Trading 52

Trading Portfolio Management Asset Management Management 52

Growth Business

FEBRUARY 28, 2024

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success It has been a maritime trade hub for centuries, but it’s tech companies in Bristol that are making waves today. Clients initially book a call with Deazy to discuss development requirements. The startup, which was founded in 2018, was granted £2.5

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Food Engineering Manufacturing Equities 98

The TRADE

AUGUST 1, 2023

The relationship between banks and their clients has shifted in recent years as the advancement of technology has encouraged a broader range of firms to become more autonomous with how they execute smaller trades and less risk averse with larger ones. There’s a handful of systematic clients trading in Saudi today.

Equities 52

Equities Trading Electronics Sale 52

Growth Business

SEPTEMBER 13, 2023

Manchester’s got heathtech, SaaS, e-commerce, payments, cyber… it’s a really diverse tech economy,” Katie Gallagher, managing director of digital tech trade body Manchester Digital tells Growth Business. The city’s tech scene is far-ranging, however. 2 – Orka Sector: HR tech Orka reached an investment total of £30.9m

Funds 105

Funds Business Equities Investment 105

Tyton Partners

MARCH 28, 2024

Only McGraw-Hill retained its name, but it too had found itself subject to a split back in 2013, when it was sold out of publicly traded McGraw-Hill Companies to a private equity firm. With sizable product portfolios, they are building the routines and muscle memory to facilitate district cross-sell and up-sell efforts among their teams.

Sale 59

Sale Education Book-building Portfolio 59

Mergers and Inquisitions

JANUARY 10, 2024

For example, they might ask you how to use a DCF, what bond yields are, or the trade-offs of debt vs. equity – but but they won’t ask you to build a DCF model or calculate Unlevered Free Cash Flow. As with the job itself, the theme is breadth over depth.

Investment Banking 59

Investment Banking Management Banking Bank 59

Software Equity Group

APRIL 4, 2023

While those strategies provide a firm foundation to build your marketing efforts, they aren’t enough to propel your business to the next level. Built a Talented Team With investment dollars and significant business goals came the need to build a team to execute the strategy effectively.

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Sale Book-building Business M&A 52