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Hedge funds are significant players in financialmarkets given the size of their capital bases and the frequency of their trading. One widely cited estimate is that hedge funds account for around 5-6% of total equity trading volume in the US. Citadel Securities is one of the leading market-makers in the world.
Live, rolling coverage of business, economics and financialmarkets as exchange-traded funds help biggest cryptocurrency rally Good morning, and welcome to our live coverage of business, economics and financialmarkets.
The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2024. Industry Person of the Year 2024 shortlist: James Baugh, managing director, head of European market structure, TD Cowen James Baugh is an industry stalwart, having worked in the financialmarkets for over 25 years.
Robbert Booij The asset class is increasingly becoming a buy-side topic said experts as end clients are voluntarily joining the cleared repo environment, viewing it as a neat instrument to facilitate trading. It’s education, it’s product offering, and marketing potentially as well [that will boost retail trading].
The Cloud is increasingly the primary choice of deployment for post-trade workloads and trading, a new Nasdaq paper has found, with market readiness one of the factors driving the adoption.
The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2023, with considerable improvement across data and analytics, capital markets, and in particular, post-trade. year-on-year increase, while capital markets saw a 6.1% In capital markets, the 6.1% rise year-on-year as compared to 2022.
Coinbase FinancialMarkets has secured regulatory approval from the National Futures Association (NFA) to operate a futures commission merchant (FCM) and offer eligible US customers access to crypto futures from its platforms.
In the constantly evolving financialmarkets landscape, where volatility and complexity are continually featured, the ability to discern the true costs of trading has become paramount for investors and institutions alike.
The approval also builds on Hidden Roads recent expansion of its fixed income prime brokerage platform, which saw the firm sign a deal in June 2024 to distribute Trading Technologies (TT) multi-asset trading platform to its clients. The post Hidden Road receives FINRA broker-dealer approval appeared first on The TRADE.
Trading Technologies (TT) has introduced two new offerings to enhance its data and analytics and compliance lines of business, TT Futures TCA and TT Trade Surveillance. Trading Technologies added that it plans to upgrade and shift all TT Score users to TT Trade Surveillance in H2 this year.
James Baugh, managing director, head of European market structure, TD Cowen was voted industry person of the year at last night’s glittering Leaders in Trading awards gala. Baugh is an industry stalwart, having worked in the financialmarkets for over 25 years.
Over the past decade, technological advancements and increasing financial regulations have been the primary drivers behind the evolution of trading analytics and transaction cost analysis (TCA). These components are the backbone of the PGGM trading analytics desk.
Adaptive Financial Consulting has collaborated with regulated digital asset exchange Bullish to increase trading capacity and boost throughput as it looks to scale and meet growing business demand. Read more: As cloud adoption across the market continues to rise, is the shift of liquidity itself next to follow?
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Non-Bank Electronic Liquidity Provider, showcasing excellence in liquidity provision outside of the traditional sphere. billion compared to € 2.8 billion the previous year.
Insider trading , a highly controversial topic in financial ethics and law, involves the trading of a public company's stock by individuals with access to non-public, material information about the company. Contrary to popular belief, not all insider trading is illegal.
The London-based trading team at Ninety One has a very particular set of skills. The active investment manager specialises in emerging and frontier marketstrading across fixed income, credit and specialist equities. Gibson is a seasoned trader with an extensive career in markets.
Outsourced trading solutions firm, Tourmaline Partners, has hired three new seasoned financialmarkets executives as managing directors to help strengthen its global trading capabilities, The TRADE can reveal. It could be said that Europe was slow to adopt our version of supplemental trading.
Union Investment’s Christoph Hock is set to step away from his role as head of multi-asset trading later this year to pursue an opportunity in digital assets and tokenisation within the asset management firm, as revealed by The TRADE. Poilvet-Clédière brings over 15 years’ experience in financialmarkets to the role.
Former Northern Trust sales trader Maddy Davies has joined Liontrust as a trader in its multi asset trading team, The TRADE can reveal. Liontrust recently won The TRADE’s multi asset trading desk of the year award in 2022 at Leaders in Trading. Davies joins Liontrust following a two-year stint at Northern Trust.
CME Group has enhanced its partnership with Google Cloud as it plans for a new private cloud region and co-location facility in Illinois aimed at bolstering its markets offering for futures and options. Over the last three to four years significant investments have been made, and long-term partnerships forged across the market.
There is no impact to securities trading on the London Stock Exchange. Several trading venues are also experiencing issues, The TRADE understands, with notices having been sent to members and some telephone lines affected.
In the ever-evolving landscape of financialmarkets, the emergence of digital assets has resulted in a paradigm shift as conventional notions have been challenged and new players have emerged along with a reshaping of the way in which financial systems are perceived and interacted with.
In a keynote speech at the Johannesburg Stock Exchange (JSE) South Africa (SA) Trade Connect 2024 conference, James Baugh, managing director, head of European market structure at TD Cowen, kicked off by highlighting that market structure and liquidity dynamics in South Africa mirror those felt in other markets and in particular, Europe.
But what does the persistent evolution of AI mean for capital markets specifically? The world of trading, and investment generally, is littered with the remnants of now-redundant solutions once thought to be the ‘future’ of the industry. A reminder perhaps that caution is our best friend when it comes to technological innovation.
Shares in FTSE 250 company slump 37% in early trading after Dubai-based Sidara cites geopolitical risk The share price of the British oil services company John Wood Group has plunged by more than a third after a Dubai-based suitor pulled out of a purchase amid global market turmoil. Continue reading.
Attendees at the FIX EMEA Trading Conference said T+1 is the greatest regulatory headache currently within financialmarkets, though 70% of the audience said they will be ready for the acceleration of settlement times come May. The market needs to move together,” emphasised one panellist.
The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2023. The winner will be decided by a live industry vote at The TRADE’s Leaders in Trading gala awards night on 8 November. Congratulations to this year’s shortlisted nominees!
Following the move, Instinet – the independent equity trading arm of Nomura Group – will be able to directly access the post-trade services of both businesses for their primary execution services in Spain. The post Instinet joins BME Clearing and Iberclear, enhancing Spanish remit appeared first on The TRADE.
The joint venture will provide the Trade Explorer data platform, launched in South Africa earlier this year, to financial centres globally. ” Trade Explorer allows trading venues to distribute data analytics solutions to information services clients, including trading firms, issuers and investors. .”
China Minsheng Bank has adopted Bloomberg’s sell-side execution management solution, ETOMS, alongside expanding its use of Trade Order Management Solutions (TOMS). The development will be used to support the commercial bank’s RMB cash bond market-making under Bond Connect and its USD interest rate swap (IRS) market-making in Hong Kong.
Speaking at a demonstration of the Canton network today, Kelly Mathieson, chief business development officer at Digital Asset, said: “Getting to this native level of interoperability is key. Mathieson added that the network enables a level of atomicity that will greatly reduce risk in the market.
The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) are working together to operate a new Digital Securities Sandbox (DSS) – a regime that will allow firms to use developing technology in the issuance, trading and settlement of securities. The DSS is expected to open applications in the summer of 2024.
Coalition Greenwich and SIX have revealed the results of their joint survey which delved into the motivations behind the adoption of market data technology, as investment continues to grow, and suggested how future use could develop. Relatedly, 60% of survey participants confirmed that the market would benefit from more vendors.
State Street selected one of its own to head up its global marketsbusiness for continental Europe. Dagmar Kamber Borens was appointed head of global markets for the region for State Street Bank International (SSBI). In her new role, she will be responsible for global markets strategy in continental Europe.
Before that, he was chief operating officer and director of business change at SwapClear, which LCH said made him suitable to lead CDSClear’s US expansion. Prior to joining LCH, Robinson held roles within JP Morgan’s investment banking and asset management divisions and the Commonwealth Bank of Australia’s financialmarkets division.
Poilvet-Clédière brings over 15 years’ experience in financialmarkets to the role. Before that, Poilvet-Clédière served as global head of regulatory strategy at LSEG, where she engaged on various strategic policy issues, particularly in post-trade. She currently serves as head of RepoClear and collateral management at LCH SA.
Culshaw joins Wematch.live from Brevan Howard spinout, SigTech, where he served as global head of business development. ” The post Former BrokerTec business development head joins Wematch.live as global head of fixed income appeared first on The TRADE.
Imandra’s vice president of sales Dan Squires has departed for pastures new after less than a year in his new role, The TRADE can reveal. Squires joins Saxo Bank’s trading platform provider subsidiary Saxo Markets as its new head of UK sales after spending the last 10 months at Imandra, according to an update on his social media.
.” The proposed options exchange will be an electronic venue, offering access to the full multi-listed options market while relying on a pro-rata model. IEX has also appointed Ivan Brown, who will play a key role in the firm’s plans to bring a highly differentiated trading venue to the options market.
Collaborating with Fusion Digital Assets is another significant step in our ongoing efforts to bridge traditional financialmarkets and the growing crypto asset ecosystem,” said Austin Reid, global head of revenue and business at FalconX. We look forward to extending our diversified liquidity to FalconX and their franchise.”
Tourmaline Partners has released its US head trader, Alex Goodman, in the midst of its growth plans as it aims to achieve the aggressive goal of matching the same level of growth seen in Europe and Asia in its largest business unit, North America. We think highly of Alex and wish him well. He is a terrific trader. Moving
Speaking to The TRADE, Adrian Ip, managing director at Aquis Technologies, said: “We are pleased to be the first regulated exchange in a major jurisdiction to adopt pure cloud for the matching engine, but we fully expect to see other exchanges follow suit.
Chalkley brings more than three decades worth of financial services to the role, in both portfolio management and rates sales. Before joining RBC, Chalkley spent 11 years at NatWest Markets. Prior to NatWest Markets, Chalkley held similar positions at Nomura, Citi and Morgan Stanley.
For brokers and custodians, the single biggest impact of T+1 has been the 30% reduction in clearing margin, with 80% of the sell-side seeing this development as strongly impactful to their businesses. The post Transition to T+1 ‘harder than expected’ finds Citi report appeared first on The TRADE.
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