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Ronan McMahon has been appointed algorithmic sales trader at CLSA, following his departure from Morgan Stanley back in May. The post CLSA appoints ex Morgan Stanley as algorithmic sales trader appeared first on The TRADE.
The US Securities and Exchange Commission (SEC) has adopted a new rule to bolster transparency to market participants through increased public availability of short sale related data. According to the SEC, this new data will supplement the short sale data that is currently publicly available. “In
As part of the role, Ameni will be responsible for building out Nomura’s flow credit trading and sales teams in the CEEMEA region, initially focusing on markets in Middle East and North Africa (MENA). O’Driscoll was promoted to the role after serving in a block sales and trading role at the firm since 2019. JP Morgan Chase & Co.
RBC appointed Guy Chalkley as managing director, UK flow rates sales. Chalkley brings more than three decades worth of financial services to the role, in both portfolio management and rates sales. Kepler Cheuvreux Execution Services (KCx) appointed Seb Klatt as program trading (PT) sales trader.
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.
His experience also includes a stint as quantitative investment strategist at ING InvestmentManagement. David Lackenby joined as head of event-driven sales trading and Mark Brodie joined as an event-driven sales trader. Olivetree has made a number of new hires for its event-driven trading team in London.
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.
Already electronic execution and direct market access has reduced the reliance on sales traders to source liquidity,” emphasises Scott Chace, head on trading for portfolio solutions at State Street. We view this as a complement to broker led avenues of liquidity, not as a replacement.”
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. Another source explains more around potential conflicts: “The same actual person who picks up my order is the person who works on the equity sales desk.
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.
The active investmentmanager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. Previously in his career, Hagan also spent four years on the sell-side at Société Générale in various FX sales roles. Often we won’t commit orders fully to a broker.
A friend suggested I consider investment banking and following a trading and sales summer placement at ABN AMRO in the City, I was instantly captivated – I had found my fit. Fast forward to the end of my studies, I applied for a position at a European investment bank.
The more that external, macro and internal pressures steer funds to outsource, the more that investment is being made from service providers – which are growing in numbers. Those investments bolster their technology, scale and the level of talent and experience on their desks, to the point where the sales pitch becomes unavoidable for some.
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 InvestmentManagements global head of trading, Ed Wicks. Asks Canwell.
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