The TRADE

AUGUST 2, 2024

BNP Paribas has entered into a definitive agreement to acquire 100% of AXA Investment Managers – representing around €850 million in assets under management – for just over €5 billion. The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets.

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Asset Management Investment Manager Management Investment 59

The TRADE

OCTOBER 25, 2023

BNY Mellon has launched a new foreign exchange (FX) platform, meeting client demands to manage execution across their entire portfolio and access improved price transparency. Named Universal FX, the platform supports BNY Mellon clients across all market segments, including investment managers, corporates, hedge funds and wealth managers.

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Management Financial Institution Portfolio Investment Manager 110

The TRADE

JUNE 20, 2023

Bloomberg has introduced a white label solution for US treasuries, allowing a wide range of broker dealers to provide liquidity for trades initiated on its platform as part of its D&I dealer initiative. The offering – which has been expanded to include US treasuries – is used by investment managers and bond dealers as a pool of liquidity.

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Broker Trading Electronics Boutique 64

The TRADE

JANUARY 31, 2024

Additionally, eight of the top 10 prime brokers have already achieved a 90% affirmation rate by 9pm ET on trade date. It’s the non-cleared flow, the bilateral settlement piece, where there are still challenges, Wotton said.

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Trading Broker Investment Manager Investment 59

The TRADE

JUNE 1, 2023

The near-constant stream of mergers and acquisitions across both the sell- and buy-side appears to show no signs of abating as two asset management deals have been announced in the past 24 hours. Other recent movements on the sell-side include last month’s (April 2023) Deutsche Bank acquisition of institutional broker Numis for £410 million.

Asset Management 59

Asset Management Management Mergers and Acquisitions Investment Manager 59

The TRADE

SEPTEMBER 19, 2023

The D epository Trust & Clearing Corporation (DTCC) has revealed that 350 Investment managers are now leveraging CTM’s automated trade affirmation capabilities to accelerate the post-trade lifecycle, as firms prepare for the US move to T+1 trade settlement.

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Trading Broker Investment Manager Management 59

The TRADE

SEPTEMBER 20, 2023

Earlier this week, The Depository Trust & Clearing Corporation (DTCC) revealed that 350 investment managers are now leveraging CTM’s automated trade affirmation capabilities to accelerate the post-trade lifecycle, as firms prepare for the US move to T+1 trade settlement.

Trading 59

Trading Investment Manager Broker Management 59