The TRADE

JUNE 28, 2023

New York-based independent prime broker Clear Street is set to launch a new investment banking business named Strategic Advisory Services. The new business line will offer strategic advisory, transaction and creative capital solutions to emerging growth companies, subject to regulatory approvals.

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The TRADE

MAY 15, 2024

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.

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The TRADE

NOVEMBER 9, 2023

The TRADE is delighted to announce the winners of this year’s Leaders in Trading awards, with the recipients honoured at a ceremony held last night at The Savoy, London. BlackRock and Millennium took home the award for Trading Desk of the Year Long-Only and Trading Desk of the Year Hedge Fund, respectively. Meanwhile, T.

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The TRADE

AUGUST 24, 2023

to cover previously exempt proprietary trading firms. The move to increase the number of broker dealer firms registering with FINRA comes as the commission aims to promote fair, orderly, and more efficient markets. Today [23 August], many broker-dealers conduct significant cross-exchange or off-exchange activity.

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The TRADE

AUGUST 14, 2023

European agency broker and equities research specialist Redburn and US equity brokerage Atlantic Equities have completed the merger of their operations under Redburn’s parent company Rothschild & Co, initially announced on 26 April.

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The TRADE

JULY 3, 2024

The shift to T+1 in the US can largely be described as a success – affirmation rates remain comfortably high, fail rates have stayed reasonably low and FX trades don’t appear to have shifted to bilateral settlement as feared. Jim Goldie “The impact on a Thursday is that brokers need to fund for another three days.

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The TRADE

JULY 18, 2024

GIX submitted its Form 1 application on 9 May 2023, outlining plans to operate a fully automated electronic trading platform for the trading of listed equities – no physical trading floor is planned. Discussing the aims of GIX, Labovitz tells The TRADE that it comes down to addressing all aspects of an exchange’s offering.

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The TRADE

OCTOBER 27, 2023

As part of a major scheme from the Monetary Authority of Singapore (MAS) to develop the region as a global FX trading hub, several large banks over the last few years agreed to develop FX pricing and trading engines in Singapore, in partnership with MAS.

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The TRADE

JULY 3, 2023

Barclays selected an internal candidate and a new hire from BNP Paribas to become its new co-heads of G10 FX trading. New co-heads Torsten Schöneborn and Jerry Minier will be London-based, reporting to Michael Lublinsky, global head of macro, according to an internal memo seen by The TRADE. His next role is unconfirmed.

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The TRADE

AUGUST 7, 2024

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.

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The TRADE

DECEMBER 13, 2023

Trading Technologies International (TT) has unveiled two new dedicated business lines, TT Compliance and TT Quantitative Trading Solutions (QTS), to fuel growth for 2024 across asset classes. The post Trading Technologies launches two business lines to support company’s expansion into new asset classes appeared first on The TRADE.

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The TRADE

JANUARY 2, 2024

Eric Heliene, head of buy-side trading desk, Groupama Asset Management  The intensification of financial regulation is a fundamental trend transforming the asset management ecosystem.  While the EU has agreed to a real-time pre- and post-trade consolidated tape (CT) for equities – the devil will be in the detail.

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The TRADE

JUNE 23, 2023

EU asset managers, banks and brokers are urging policy markets not to succumb to pressure that could potentially lead to suboptimal outcomes in the Markets in Financial Instruments Directive (Mifid/r) review.

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The TRADE

MARCH 12, 2024

Deutsche Bank has signed up to the onboarding and maintenance platform for custody, broker trading, and buy-side accounts offered by ascending fintech Saphyre. All while being first to trade on any new funds.” Saphye won Fintech of the Year at The TRADE’s Leaders in Trading awards 2023, in a category supported by Instinet.

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The TRADE

DECEMBER 4, 2023

Former director at Cboe Global Markets, Michael Sparacino, has left the exchange operator after less than two years to re-join agency only broker-dealer Matrix Executions. He re-joined the agency only broker-dealer after also previously serving as a director for almost three years from 2019 to 2022.

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The TRADE

AUGUST 10, 2023

As part of the collaboration, Virtu’s network of retail broker-dealers will gain access to the primary markets and to secondary market liquidity via an integration with InvestorLink’s primary market order management and artificial intelligence based matching platform. “We

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The TRADE

AUGUST 15, 2023

Not-for-profit business Plato Partnership and Brazilian regulated fintech SL Tools have jointly announced a plan to bring block trading opportunities to Brazil’s securities marketplace, The TRADE can reveal. The product is set to be up and running in Q1 2024, with all the licenses expected to be in place, The TRADE can reveal.

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The TRADE

JULY 4, 2024

Through RCB’s connectivity method, Avelacom has gained access to all of B3’s markets, including equities, derivatives, digital assets, and OTC. It also opens the door to the exchange’s post-trade and testing environments.

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The TRADE

FEBRUARY 13, 2024

The exchange operator has signed a deal with one of the largest institutional brokers in Thailand – Kiatnakin Phatra Securities (KKPS) – and expects the development to act as a launchpad for further deals with banks and broker-dealers in Asia as it looks to expand its platform further in the region.

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The TRADE

OCTOBER 2, 2023

RBC appointed two former Credit Suisse senior algorithmic trading individuals to join its low touch electronic sales and trading team. Also appointed to the low touch sales and trading team at RBC is Suzanne Webster, who joined as a multi-asset director. He joined from Luminex where he most recently served as head of sales.

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The TRADE

JANUARY 18, 2024

Despite the indisputable decline in physical trading practices, it is enduring within an increasingly technological capital markets world which has already put innumerable out-dated practices out of fashion. Market opinion – and moves – suggest that mourning the death of open outcry  may be premature.

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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.

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The TRADE

APRIL 26, 2024

Head of execution strategy and an electronic sales trader at Liberum are set to up sticks to join Investec, The TRADE can reveal. The new desk is Investec’s first low touch offering based in London and comes off the back of increased client demand, The TRADE understands. Liberum declined to comment on the moves.

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The TRADE

DECEMBER 11, 2023

Albon has been appointed associate director, senior sales for EMEA electronic trading and program trading, set to join the firm in February next year. She will report to global head of electronic trading and distribution, Jason Rand. She began her career at Newedge in a cash equity trading and sales role.

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The TRADE

JUNE 4, 2024

Under the new rules covered clearing agencies in the US Treasury market are required to adopt policies that ensure their members submit for clearing certain specified secondary market transactions. The amendments also require covered clearing agencies to separately collect and calculate margin for house and customer transactions.

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The TRADE

JUNE 15, 2023

The comments have been made in connection to the SEC’s proposal to amend Rule 3b-16, which defines exchanges, and Regulation ATS, the regulatory regime that governs alternative trading systems. These communication protocol systems would have to register as exchanges or as broker-dealers, while also complying with Regulation ATS. “We

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The TRADE

OCTOBER 13, 2023

Deutsche Bank has completed the acquisition of institutional broker Numis and has unveiled a new offering to be known as ‘Deutsche Numis’. The transaction – first reported on back in April – was previously valued at £410 million according to documents seen by The TRADE.

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The TRADE

JULY 7, 2023

How are client demands of prime brokers shifting? For hedge funds, access to capital and the ability to shift directions with agility — to create, employ, and scale new strategies — is critical. We started with clearing, settlement, and custody and subsequently added securities finance, risk management, and trading.

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The TRADE

MAY 31, 2023

“We’re at the roll-up-your-sleeves, all-hands-on-deck stage,” said Keith Evans, executive director of the Canadian Capital Markets Association (CCMA), who this week highlighted one of the key remaining concerns for the market ahead of next year’s switch to a shortened settlement cycle.

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The TRADE

SEPTEMBER 25, 2023

UK-based investment bank Peel Hunt appointed former head of electronic and program trading and sales at Numis Securities, Nishad Vallonthaiel, to head up its own electronic trading division. Also appointed to the electronic trading team at Peel Hunt alongside Vallonthaiel is Vinesh Chhaya, who joins the unit as a senior sales trader.

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The TRADE

AUGUST 21, 2023

Among the SEC’s reforms is the proposal to amend certain rules under Reg NMS to adopt variable minimum pricing increments – or tick sizes – for the quoting and trading of NMS stocks. Looking at tick size too, if you don’t get that right, you can reduce and fragment liquidity and make it more costly to trade.”

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The TRADE

OCTOBER 18, 2024

“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. Data from Convergence tracking the top 25 prime brokers showed their market share grew from 83.3%

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The TRADE

MAY 23, 2024

Several European exchanges are well underway with plans to bring out offerings of this ilk in the next few months The TRADE understands, while a handful of US alternative trading systems (ATS) are also preparing to make the crossing over to the Bloc to replicate the progress they have achieved in the US.

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The TRADE

JANUARY 3, 2024

The service provider landscape for outsourced trading is made up of an eclectic mix of firms. Trading is in their DNA and their executives are often straight-to-the-point in their communication. Trading is in their DNA and their executives are often straight-to-the-point in their communication.

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The TRADE

JUNE 21, 2024

Algo trading is very well established and we’ve had this catalyst of Mifid II, which effectively means that more and more flow is now directed based on performance, particularly via performance weighted algo wheels. There’s a huge focus on the closing auction, giving the amount of volume that’s now trading there.

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The TRADE

AUGUST 8, 2023

The two leading US capital markets watchdogs have come down on almost a dozen organisations over recordkeeping failures with their combined penalties totalling nearly $550 million. billion to date. Change can only happen if the banks’ C-suite establishes a culture of compliance over evasion.”

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The TRADE

OCTOBER 4, 2023

LiquidityBook is set to acquire boutique capital markets fintech provider, Messer Financial Software, in a bid to accelerate its multi-asset capabilities. The post LiquidityBook acquires Messer to boost multi-asset capabilities appeared first on The TRADE. Bringing our firms together was the next logical step in this process.”

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