The TRADE

JANUARY 17, 2024

Trading volumes executed electronically by equity investors increased last year, accelerating the evolution of the US stock trading business into an increasingly complex, technologically driven market structure. Buy-side desks have reduced their equity trading counterparty lists slightly to an average of 31 brokers, a reduction from 31.5

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The TRADE

JANUARY 23, 2024

His appointment comes as GTN continues its expansion efforts to build a comprehensive electronic trading and investment platform. GTN serves brokers, banks, asset managers, and fintech clients. Omar Darwish has joined fintech pioneer GTN as equity sales trader following a three-and-a-half-year stint at Arqaam Capital.

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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. Atlantic clients will also be able to delve into the existing European product.

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The TRADE

JANUARY 18, 2024

Following the announcement from MIAX last October about plans to launch a new US options electronic exchange and physical trading floor, The TRADE wanted to delve into why open outcry has persisted and the potential for a quiet resurgence of the dying practice. There’s often much, much more liquidity behind those on-screen prices.

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The TRADE

MAY 9, 2024

With additional presence in Mexico, Cicada has built an all-to-all electronic alternative trading system (ATS) allowing institutional buy- and sell-side participants to trade Mexican government fixed income securities without the need of a pre-existing trading relationship.

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Sun Acquisitions

AUGUST 2, 2022

Sun Acquisitions is pleased to announce the closing of three Buy-Side campaigns in the last two months including an industrial pumps distributor, specialty electronics distributor, and a waste management firm. Sun Acquisitions’ clients were both private and publicly held companies which acquired domestic and international targets.

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Acquisitions Mergers and Acquisitions Advisory Middle Market 98

The TRADE

MAY 20, 2024

When accessing retail liquidity, we would check the usual sources as for any trade, including agency broker block flows, broker indications of interest, which brokers have traded volume recently, and any potential to trade stock on risk. Currently what are the most common approaches when accessing retail liquidity?

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The TRADE

DECEMBER 28, 2023

In 2024, interdealer trading of FX swaps, which has traditionally been dominated by the broker market, will start to migrate to electronic venues. 360T  360T and LSEG offer electronic interdealer FX swaps trading venues, and many other marketplaces are looking into establishing new and additional venues.

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The TRADE

DECEMBER 15, 2023

There was a recent case regarding short selling, where we had a certain interpretation of the short selling rule, commonly accepted among market participants, and we consulted with our brokers and the regulators to check that they agreed with that interpretation. The problem with that approach is that it tends to alienate.

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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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The TRADE

DECEMBER 4, 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, The TRADE can reveal. She will report to global head of electronic trading and distribution, Jason Rand. Kepler Cheuvreux and Berenberg declined to comment.

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The TRADE

DECEMBER 5, 2024

“BMO has been at the forefront of delivering cutting-edge trading technology to its global clients,” said Peter MxStay, head of OptimX EMEA. “We are thrilled to partner with a leading European broker and are eager to expand this collaboration across global markets in the near future.”

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The TRADE

FEBRUARY 14, 2024

Agency broker BTIG has selected the former head of execution strategy at Millennium to take up the same role. In his new role, he will also co-head electronic trading and be responsible for the development of BTIG’s new generation algorithms.

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Electronics Trading Broker Portfolio 52

The TRADE

MAY 20, 2024

Kepler Cheuvreux’s head of market structure and liquidity solutions has left the broker dealer, The TRADE can reveal. He joined the broker dealer in 2016 as its head of portfolio and electronic sales trading, later assuming his most recent role as head of market structure and liquidity solutions in 2022.

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The TRADE

JANUARY 24, 2024

Algorithmic development has and always will evolve to achieve the best performance possible versus the client benchmark,” says Alex Harman, head of EMEA electronic and program trading at Goldman Sachs. The client’s desired customisation might also achieve different outcomes across brokers.

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The TRADE

NOVEMBER 19, 2024

The growing use of MDPs from the buy-side is driving electronic trading overall and supports their growing focus on best execution. Using electronic execution methods provides value beyond a single trade execution. This ultimately helps a buy-side firm evaluate a broker, whether they executed a particular trade or not.”

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The TRADE

OCTOBER 25, 2024

Jesse Forster When it comes to the industry’s opinion on “new innovative trading venues”, the latest Coalition Greenwich report found that an overwhelming 91% of both US low-touch brokers and their buy-side clients have between “a little” and “a lot” of interest in the venues.

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Trading Equities Broker Asset Management 69

The TRADE

JUNE 26, 2024

Former head of market structure and liquidity solutions at broker dealer Kepler Cheuvreux Byron Griffin is set to join Franco-German financial services firm ODDO BHF, The TRADE can reveal. Griffin left Kepler in May after over eight years with the broker dealer. He joins as head of execution sales and microstructure.

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The TRADE

JULY 1, 2024

Former head of market structure and liquidity solutions at broker dealer Kepler Cheuvreux Byron Griffin is set to join Franco-German financial services firm ODDO BHF. Griffin left Kepler in May after over eight years with the broker dealer. He joins as head of execution sales and microstructure.

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Bank Banking Sale Trading 64

The TRADE

MARCH 18, 2024

XplorTrade will offer brokers flexibility in tailoring visual and functional aspects of the platform to meet specific user experience objectives. As part of the deal, GCEX clients gained access to Crossover’s execution-only crypto electronic communication network (ECN), with GCEX providing brokerage and liquidity services on the platform.

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The TRADE

SEPTEMBER 4, 2023

These include Sell-Side Market Structure Excellence (to recognise those firms most dedicated to supporting their clients through the ever-shifting regulatory landscape), Best Broker Electronic Trading Initiative (to reward those sell-side desks most committed to developing their electronic offering to meet client demand) and Best Innovation at the (..)

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The TRADE

JANUARY 23, 2024

Interdealer broker BGC Group has received approval from the Commodity Futures Trading Commission (CFTC) for its FMX Futures Exchange to operate as an exchange for US Treasury and SOFR futures. It has a clearing services agreement with LCH, offering an integrated trading and clearing solution.

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Trading Electronics Broker Shares 64

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. Dom Lowres and Matt West Dom Lowres, head of execution strategy, and Matthew West, electronic sales trader, are set to join the firm in the coming months to set up a new low touch electronic desk.

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The TRADE

SEPTEMBER 7, 2023

“Interdealer FX Swaps trading has stayed largely manual due to the current market structure and use of voice brokers, but increased regulation, better technology access via the cloud, and the need for transparency are driving change towards a more electronic market, while trading volumes continue to increase.”

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The TRADE

MAY 24, 2024

That is something that the mid and smaller brokers can access relative to the bulge bracket who don’t really see that as an important USP for the business right now. We all know it is very cheap and easy to trade electronically but you’re not necessarily fulfilling your liquidity obligations.

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The TRADE

JULY 3, 2023

Alongside him, Torsten Schöneborn joined the bank from BNP Paribas where he had been global head of electronic platform and global head of quant prime broking. Before that, he spent almost 10 years at Deutsche Bank, where his roles included global co-head of electronic equities and head of eFX spot quant trading.

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Trading Investment Banking Bank Banking 64

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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Sale Trading Electronics Bank 64

The TRADE

JULY 26, 2023

Emerging markets broker Arqaam Capital has launched a new proprietary trading infrastructure tool, ArqNET, aimed at enabling European institutional clients to trade faster in Middle East and North Africa (MENA) markets.

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The TRADE

NOVEMBER 29, 2023

Armando Diaz, chief executive of PureStream The ATS claims to provider brokers and their institutional clients with improved bandwidth in order to access liquidity faster, more cost-effectively and with greater security. PureStream is exclusively available to broker dealers and does not connect directly with the buy-side.

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The TRADE

AUGUST 2, 2023

One of BCS Global Markets’ prime services sales leads has left the investment bank to join boutique merging markets broker and investment bank BancTrust. Grigoriy Kozin has been appointed head of business development, prime services and electronic execution at BancTrust after three years in his role at BCS.

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Boutique Sale Bank Banking 52

The TRADE

JANUARY 5, 2024

They’re not simply going to just forward the communication from the trading venues because the implications to a broker’s clients might not be the same as the implications to the broker. You have to look at it from the perspective of whether the industry is even getting the information it needs the most.

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How2Exit

MARCH 23, 2023

This fear is especially relevant in businesses that sell electronic devices, such as charging stations, that must be updated or remodeled regularly. There are many brokers out there who may be more interested in getting a listing fee than helping the entrepreneur maximize their value.

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The TRADE

SEPTEMBER 22, 2023

Goldman was found to be lacking in its processes for verifying the accuracy of its electronic blue sheet submissions. The SEC stated today that it found Goldman “willfully violated the broker-dealer recordkeeping and reporting provisions of the federal securities laws”.

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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. Electronic market maker Optiver selected Philippe Rizzo to join its institutional sales team, effective from 9 October.

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The TRADE

FEBRUARY 14, 2024

As a result, it is essential to think about ways that some of that liquidity can be brought back to South Africa in a way that South African buy-sides can also interact with it. “As a broker, I want to be able to access all of the liquidity that’s available,” argued Andries Potgieter, head of electronic trading at Investec Markets.

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Trading Equities Broker IT 69

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. Previously in her career, she spent three and a half years as a cash equity broker at Tullett Prebon.

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Trading Sale Electronics Financial Institution 64

The TRADE

NOVEMBER 15, 2023

Stephen Murphy, chief executive and co-founder of Genesis Global, said: “Built in only two months, the FLEX-FA platform demonstrates that trading operations for even the most bespoke financial products can migrate from spreadsheets and manual processes to modern, enterprise quality solutions which benefit brokers, market makers and end users, alike.”

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