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Kepler Cheuvreux subsidiary Ellipsis Asset Management has moved to expand its capabilities in the convertible bond segment with the acquisition of Rothschild & Co’s business. As part of the deal two Rothschild portfoliomanagers – Cristina Jarrin and Mikael Dauvert – will move to Ellipsis AM.
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. Elsewhere, other local regulatory changes and benchmark replacements continue to impact prime brokers.
Order and execution management platform, Adroit Trading Technologies, has raised $15 million in its series A funding round led by specialised growth equity firm, Centana Growth Partners, with the capital set to be used to accelerate the business’ growth. It services the likes of Invesco.
This platform aims to offer our clients deeper insights into the efficiency and cost-effectiveness of their trades, provide a complete feedback loop (including pre- and post-trade analysis), and support the decision-making process for portfoliomanagers. How can TCA use be further optimised/automated on the trading desk?
As part of the acquisition, Bryan Messer has been appointed general manager of Asia Pacific, managing director of portfoliomanagement solutions and artificial intelligence at LiquidityBook, with his staff also joining. In addition, the accounting and reconciliation engines of Messer Financial Software will be integrated.
On the latter, we work really closely with our brokers to adapt our algo strategies to benefit from those changes, where possible through strict A/B experimentation. We think this leads us to faster insights and, ultimately, a stronger partnership with our portfoliomanagers who can also access and consume the same analytics.
Not that the seemingly never-ending list of aforementioned market occurrences had noticeably hindered the prime business. Dominic Rieb-Smith, managing director, international head, prime services sales, JP Morgan, refers to the past year as “a standout”. Those are the relatively commoditised parts of the business.
A couple of other important factors which could help increase volumes in Europe would be to encourage the involvement of retail investors in the EU equity markets and, also the growth of small cap businesses, reducing complexity and costs for listing. What is the role of regulators in addressing fragmentation in Europe – if any?
Chalkley brings more than three decades worth of financial services to the role, in both portfoliomanagement and rates sales. He most recently served as managing director in its institutional rates sales business, overseeing key strategic relationships and distributing global rates products.
“In the end, the efficiency that we hoped to reach with having one desk was not realised and therefore we said we want to focus on one specific asset class with dedicated equity traders, fixed income traders and FX traders,” says head of equity trading and operational portfoliomanagement at Robeco, Robbert Wijgerse. “We
Joining the industry after graduating from business school at the age of 20, Papanichola has an impressive track record that spans across five hedge funds and two banks. Papanichola began his career at interdealer broker, GFI, however quickly realised the environment wasn’t the one for him.
New entrants are pouring into this space as demand increases exponentially with each passing year, and there’s certainly enough business to go around at present. Could this sticky business start seeing clients switch providers, or even insource? Will we see more M&A? Will the buy-side begin using multiple providers?
While traders don’t have the authority to load up trades, outside of execution they are expected to collaborate with their portfoliomanagers to bring value add to the investment process by making suggestions around idea generation and execution. The trading team work closely in tandem with portfoliomanagers when preparing a strategy.
In this first episode we’re diving into a critical aspect of workplace health, employee well being and the role of benefits in collision repair businesses. So it’s fortunate that we have someone who makes the world of employee benefits legitimately interesting and exciting and relevant to your business. Enjoy the show.
He joined DWS Group a year later as a portfoliomanager and worked his way up through the ranks, going on to lead teams of PMs focused on a range of instruments that stretched across asset classes. With the Russian invasion there was a lot of attention to the OTC derivative side of our business. You had the gilt crisis.
Financial institutions with good credit ratings offer swap facilities to clients and charge fees from brokers. The broker-dealer network facilitates such decentralized trading of derivatives, equity and debt instruments. We will discuss this attribute and transaction in detail when we look at who are the market makers in the business.
When people have ownership in their function and they can see their contribution to the business, that really motivates them to make sure that they are constantly improving,” she explains. “In For Gibson, the key to an effective team is autonomy and each individual trader feeling a sense of ownership to their day-to-day activities.
Brendan Burke, Brown Brothers Harriman’s (BBH) managing director and head of Americas FX sales and business development tells The TRADE: “Managers need to be comfortable that execution via an outsourced platform is comparable to managing the process in-house.
That buy-side trader would speak with their portfoliomanagers, and that portfoliomanager could then potentially respond to the liquidity opportunity that is being presented to them. What they don’t have is the requirement to be everywhere, all the time.
The interest in AI has exploded in the past few months, crossing over to capture the imagination of both consumer and business markets. ” or “give me a breakdown of value by portfoliomanager” Taking a step further, orders can be grabbed to prep or allocated internally across the desk.
It is rare, for example, that you’ll find an asset manager worrying about the good of the market or how an order might influence the primary lit market share, over whether or not they have achieved the optimal outcome for their portfoliomanager and end investor. Workflow really matters in this business.
There can be days where there is low activity in fixed income but we are extremely busy in equities (or vice versa) so the multi-asset trader model works well for us as it allows us to distribute trades evenly across the desk. The role of a trader has continued to evolve over time.
These systems touch upon all elements of the trading lifecycle throughout the front-to-middle-to-back-office including execution, order, risk and portfoliomanagement. Within SIs, banks can cross flow from their various business divisions using their central risk books without going out to the market to find the other side.
were FIX capabilities (6.18), latency (6.13), breadth of broker algorithms (6.05) and client service personnel (6.01). The mix of traders, portfoliomanagers and technology personnel provide a rich perspective on the use of EMS solutions and the impact on the overall front-office business. when compared to 2023.
Non-quant firms are looking to use alternative methods to improve trading outcomes, monitor risk and performance, improve alpha generation and broker selection, and gain a competitive advantage. Traditionally, only quant trading firms were at the forefront of the data race, but this is changing.
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