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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The TRADE

JUNE 20, 2023

The initiative is made up of 16 banks or brokers, as well as 40 investment managers and hedge funds with combined assets under management of more than $37 trillion. FIA Tech stated that adding capability and scalability to support the operational resiliency needs of firms was a natural extension of the platform.

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The TRADE

APRIL 18, 2024

The three firms join a growing list within Sustainable Trading’s global membership network of investment managers, banks, brokers, exchanges, trading platforms and service providers who share the goal of improving the sustainability of global markets.

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The TRADE

JUNE 13, 2023

According to the business, the initial rollout “is focused on allocations processing and trade confirmations, with trade lifecycle transparency across the multiple brokers and the clearinghouse on each trade”. Currently, the TDN comprises 16 banks and brokers and 40 investment managers and hedge funds.

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The TRADE

NOVEMBER 27, 2023

Earlier this year, trading, portfolio and risk management solutions provider TS Imagine added CLSA’s AI-powered European algo suite to its list of certified brokers.

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The TRADE

DECEMBER 12, 2023

Deutsche Börse Group subsidiary SimCorp and infrastructure and technology provider for digital assets, Alloy, have entered a strategic partnership to assist SimCorp clients with managing digital asset investments. The solution will provide joint clients with one single source for traditional, alternative and digital asset classes. “It’s

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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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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.

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The TRADE

JANUARY 22, 2024

Prior to his stint at JP Morgan Chase, Russo spent nearly four years at online investment management firm Nutmeg, most recently as senior trader. Before that, O’Driscoll spent just over a year in a junior broker role at the firm. Russo was promoted to the role having served as a senior associate at the firm since October 2021.

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The TRADE

OCTOBER 27, 2023

Most recently, Legal & General Investment Management (LGIM) expanded its footprint across Asia with the opening of its new Singapore office; the latest development in the firm’s growth strategy for the region. This year, the industry has seen interest in Singapore grow from the buy-side too.

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The TRADE

JUNE 29, 2023

In preparation for Candriam’s entry into the new market, New York Life Investments’ sales teams will support introductory conversations with US-based broker dealers and other financial intermediaries. Candriam’s European trading desks will cover the US offshore market from the Bloc.

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The TRADE

JANUARY 17, 2024

After leaving university, she undertook several sell-side internships at RBC, Nomura and Fisher Investments, returning to RBC in 2014 to work on its cash management team for its foreign exchange traders. In 2016, Nutting moved to Principia Investment Management Limited where she was an execution trader and fund manager assistant.

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The TRADE

SEPTEMBER 23, 2024

The development will allow compliance analysts at banks, brokers and investment managers to prioritise high-risk alerts, investigate them better and streamline the entire review process, which SteelEye claims to reduce investigation time by up to 90%.

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The TRADE

SEPTEMBER 6, 2023

The initiative currently includes 16 banks/brokers as well as 50 investment managers and hedge funds with combined assets under management of more than $37 trillion. Earlier this year, FIA Tech enhanced TDN to support the operational resiliency demands of clearing firms utilising the platform.

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The TRADE

NOVEMBER 20, 2023

Prior to this move, Baltussen was head of equity factor investing and co-head of quantitative fixed income at Robeco and before that spent three years at NN Investment Partners, most recently as head of quantitative research for multi-asset strategies. Both joined from Wall Street giant Citi and will be working alongside Tim Caulton.

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The TRADE

AUGUST 15, 2023

Trading, portfolio and risk management solutions provider TS Imagine has added CLSA’s AI-powered European algo suite to its list of certified brokers. TS Imagine’s TradeSmart features pre-certified connections to more than 250 listed brokers and venues, as well as broker algos.

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The TRADE

SEPTEMBER 11, 2023

Prior to this, he worked in an execution sales and account management role at Société Générale, and before that was VP of sales trading at Merril Lynch. Frédéric Benizri left TP ICAP to join financing, investment and risk management business CIC Market Solutions as a sales trader.

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The TRADE

JULY 3, 2023

To resolve the disconnect in approaches, in its 2017 no-action letter to SIFMA, the SEC advised that it would not recommend enforcement action to broker-dealers accepting cash payments for research from investment managers which are required by Mifid II to pay for research from its own money as opposed to client commissions or ‘soft dollars’.

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The TRADE

OCTOBER 2, 2024

What I mean by that is, it’s really important for both sides to understand priorities,” says Ed Wicks, head of trading at Legal and General Investment Management (LGIM). “If We view this as a complement to broker led avenues of liquidity, not as a replacement.”

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The TRADE

MARCH 27, 2024

Given inventory restrictions in credit, it’s often more challenging for a broker/bank to make a two-way price if they don’t have the bond to begin with. In some markets, regardless of whether or not you’re showing a two-way direction, thanks to the liquidity landscape, it becomes easy to work out a firm’s intentions.

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The TRADE

AUGUST 7, 2024

Examples just from just the last six months include UK-based investment management firm Waverton – which has £9.1 Examples just from just the last six months include UK-based investment management firm Waverton – which has £9.1

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The TRADE

AUGUST 14, 2023

I’ve always worked in the asset management industry, starting my first job at 18 with Scottish Amicable Investment Management in Glasgow. What has your journey to the trading desk been like? I joined the banking services team and within that team sat the Treasury function consisting of a money market and FX trader.

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The TRADE

OCTOBER 9, 2024

The active investment manager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. But sometimes you want to go to the road less trodden, and that’s when you make use of local brokers,” he says. “My Often we won’t commit orders fully to a broker.

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The TRADE

NOVEMBER 2, 2023

As mentioned, regulation has redefined bank balance sheets and we’ve consequently witnessed a change in the composition of the traditional broker-dealer community. What has got us here are similar dynamics I spoke to in relation to a change in trader role and will continue to drive modernisation forward.

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The TRADE

JANUARY 3, 2024

That line-up is largely made up of independent firms, prime brokers and custodians, all of whom are enjoying a piece of the growing pie, with their own strengths and weaknesses. Coalition Greenwich points out that from 2018 to 2022 the number of outsourced trading providers grew from fewer than 10 to more than 40.

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The TRADE

JUNE 1, 2023

Jenny Johnson, president and chief executive of Franklin Templeton, said: “With outstanding investment performance, Putnam will add complementary capabilities to our existing specialist investment managers to meet the varied needs of our clients and will increase Franklin Templeton’s defined contribution AUM.”

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The TRADE

JULY 3, 2024

Given that the settlement cycle is now shorter in the US trading volumes on a Thursday have dropped off significantly thanks to funding requirements that require brokers to fund a position for an additional three days on Friday, Saturday and Sunday given the slightly longer settlement cycle in Europe, the UK, and most of Asia Pacific.

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The TRADE

MARCH 4, 2024

JP Morgan subsidiary Neovest has moved to expand its capabilities in the hedge fund sphere with the acquisition of investment management platform LayerOne Financial. Users will be able to send orders to their brokers, manage positions, monitor portfolios, and conduct risk assessments and compliance checks from a unified platform.

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The TRADE

JULY 10, 2023

Hogan Lovells lawyer Rachel Kent – who has led the UK’s Investment Research Review under the Edinburgh Reforms – today revealed he recommendations which includes paving the way for a new ‘Research Platform’ that will provide a one-stop-shop for firms looking for research experts.

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The TRADE

DECEMBER 21, 2023

Scrutiny and the future One provider noted in our survey that “the growing call for disclosure of the use of outsourced service providers by investment managers could prove a temporary headwind, though from what we’ve observed thus far, we don’t see this as an intermediate to longer term obstacle”.

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The TRADE

JANUARY 21, 2025

Ninety One has joined Saphyres network of financial institutions, adopting its platform to streamline the onboarding and maintenance of trading relationships with brokers and custodians, as well as manage trading agreements.

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The TRADE

JANUARY 7, 2025

As part of the integration, OptimX is now a certified sweep partner on Charles Rivers investment management system (IMS) meaning Charles River institutional clients can now access OptimX liquidity via their desktops.

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The TRADE

MARCH 5, 2025

Read more: Head of UBS outsourced trading offering departs Prior to joining UBS, London-based Power served as a global multi-asset and derivatives trader at Newton IM, and before that as head of trading at Standard Life Investments. UBS had not responded to a request for comment at the time of publishing.

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The TRADE

NOVEMBER 20, 2024

Rowe Price Buy-Side Market Structure Expert of the Year Melissa Hinmon, Glenmede Investment Management Lifetime Achievement Dan Royal, global head of equity trading, Janus Henderson The post The TRADE announces Leaders in Trading New York 2024 award winners appeared first on The TRADE.

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The TRADE

DECEMBER 20, 2024

Lisa Danino-Lewis, chief growth officer, CLS In 2024, weve witnessed a continuation in the buy-sides emphasis on adhering to best practices for mitigating settlement risk to meet regulatory expectations and to ensure robust risk management practices.

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The TRADE

DECEMBER 12, 2024

It [bilateral trading for blocks] never really took off as a product whereas the way I look at the more recent developments in bilateral liquidity, it’s for a lower liquidity demand which does feel more sustainable, says Legal & General Investment Managements global head of trading, Ed Wicks. Asks Canwell.

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