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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. How can TCA use be further optimised/automated on the trading desk?
It has approximately £351 million in assets under management and manages two strategies: global high yield, launched in 2006, and emerging market corporate debt, launched in 2010. The post Impax Asset Management to acquire corporate credit business from partner firm Formuepleje Group appeared first on The TRADE.
UK-based boutique fixed income trading desk BlueBay Asset Management is beginning a new chapter in its life. The move has opened up swathes of synergy opportunities for the pure fixed income asset manager, with its traders now working directly alongside RBC BlueBay Asset Management’s equities desk.
Kepler Cheuvreux subsidiary Ellipsis Asset Management has moved to expand its capabilities in the convertible bond segment with the acquisition of Rothschild & Co’s business. As part of the deal two Rothschild portfoliomanagers – Cristina Jarrin and Mikael Dauvert – will move to Ellipsis AM.
Order and execution management platform, Adroit Trading Technologies, has raised $15 million in its series A funding round led by specialised growth equity firm, Centana Growth Partners, with the capital set to be used to accelerate the business’ growth. It services the likes of Invesco.
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. While at Credit Suisse, Polera most recently served as director of equity sales trading.
Edouard Petitcollot Candriam has overhauled its global trading structure in a bid to refocus its attention on more complex and high touch trading strategies, The TRADE can reveal. Edouard Petitcollot will lead the operation as global head of trading. High touch trading can be renewed.
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capital markets for decades in some form or another. However, an undeniable surge has occurred across the trading sphere over the last few years, with decidedly mixed results. And the number is climbing.
What are the benefits of merging trading across asset classes? The key benefits of merging the trading function to be multi-asset have to come down to efficiency and scale, both as it relates to the execution of trades but also on how the trader operates when observing markets, providing market colour and looking at data.
The London-based trading team at Ninety One has a very particular set of skills. The active investment manager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. Ninety One’s trading team consists of 17 globally with six – soon to be seven – based in London.
Clear Street appointed Christopher Smith as chief executive officer of its futures clearing business. Trading Technologies International (TT) appointed Gavin Miller as its new director of EMEA sales – TT Fixed Income. His move follows almost five years at fixed income aggregation and surveillance technology business, Algomi.
However, despite this, Joe Collery, head of trading at Comgest endorsed a measured approach whilst speaking at TradeTech earlier this week. Specifically, Collery highlighted the important role of portfoliomanagers and a proactive approach to forging those key relationships.
What do medium to big-sized businesses have? Merchant banks are a very important part of the financial ecosystem, since they support the largest chunk of businesses – the mid-sized ones. Merchant banking is a special branch of banking that provides financial services to medium to small-sized businesses.
MarketAxess has expanded its decade-long partnership with BlackRock to integrate its credit trading protocols, pricing and data into the latter’s Aladdin order execution management system (OEMS). Risk analytics are combined with portfoliomanagement, trading, operations, and accounting tools on a single, unified platform. “As
Global asset manager Robeco leverages a low touch and high touch trading team that spans across three continents. And, like most asset managers across the street, its global equity trading desk plays host to a variety of characters, each bringing their own individual string to the wider team’s bow.
For Sharon Ruffles, head of fixed income trading for EMEA and Asia Pacific at State Street Global Advisors, the beauty of fixed income lies in how much one day can vary from the next. She began her trading career on an all-female trading desk, and says it was watching the world’s news play out in the markets that drew her to trading. “I
BlueCrest Capital Management’s new company, FX trading technology platform BlueX, has appointed Graham MacGregor as chief executive officer. Elsewhere in his career, MacGregor was EMEA head of sales and relationship management and chief executive, FX MTF business at Refinitiv.
Credit Suisse has signed an agreement to sell its majority stake in Credit Suisse Investment Partners (CSIP), owned by Credit Suisse Asset Management. Credit Suisse currently holds a 67% stake in the business line. UBS Investment Bank served as exclusive financial advisor to Credit Suisse on the transaction.
Jamie McKenna was appointed vice president, senior global equity trader at State Street Global Advisors (SSGA) following almost two decades at GMO trading. Boston-based McKenna joined GMO in 2004 as a pricing analyst, and most recently worked in a multi-asset trading role for 15 years.
Appital Insights went live in September 2023, helping unlock liquidity unavailable through traditional electronic trading venues. The post Appital Insights completes integration with FactSet Portware EMS appeared first on The TRADE.
Read more – Artificial Intelligence in fixed income: A paradigm shift Chin has held a range of leadership roles in quantitative research, risk management and portfoliomanagement at AB, both in New York and London, since joining the firm in 1997. As part of his new appointment, Chin will be based in New York.
RBC has appointed Guy Chalkley as managing director, UK flow rates sales, according to an internal memo seen by The TRADE. Chalkley brings more than three decades worth of financial services to the role, in both portfoliomanagement and rates sales. Before joining RBC, Chalkley spent 11 years at NatWest Markets.
Fixed income trading venue and data provider MarketAxess has expanded its integration with the Investortool platform for its municipal bond activity From now, MarketAxess’ offerings will be displayed on the Investortools Dealer Network (IDN) as it seeks to expand its electronic municipal trading.
“Fixed income investors have been enjoying the highest interest rates seen in decades, but many are wondering how they can protect against the potential for precarious rate fluctuations ahead,” said Anna Paglia, chief business officer at SSGA. SSGA’s dedicated active fixed income portfoliomanagement team will manage the funds.
Across the market, businesses have been increasingly turning their attention to data quality and accessibility, seeking to enhance their offerings for buy-side clients with ample recent movement in the last few weeks. Data from the added exchanges are available to BMLL users across the buy- and sell-side, as well as global exchange groups.
Stephanie Cheung has been appointed sales director, while An Hoong will work within the account management team, responsible for technical account management and client support. In his new role, Hoong will provide technical account management and support to clients in Hong Kong. Both will operate out of Hong Kong.
UBS appointed Carlos Salcedo head of capital markets financing sales Americas, according to an internal memo seen by The TRADE. As part of the role, he helped enhance Barclays’ custom baskets business. Northern Trust Asset Management appointed Naoto Komoro to lead its asset managementbusiness in Japan.
UBS selected one of its newly acquired Credit Suisse staff to replace its retiring global head of execution services, Brent Johnson, according to an internal memo seen by The TRADE. He began his trading career at UBS in Hong Kong. Livingstone previously served as head of trading – FX and ETFs at Tavistock Investments.
Swedish independent fund management company Lannebo Fonder AB has adopted the Bloomberg buy-side offering – which includes its order management system (OMS) AIM and its risk and reporting PORT Enterprise solutions. AIM is Bloomberg’s buy-side order management system (OMS), which is fully integrated with the Bloomberg terminal.
Axes have typically been used by traders looking to execute larger or block trades which they are not comfortable executing electronically. The ability to find a matching opposing side remains crucial in the many, less liquid areas within fixed income,” Lars Salmon, head of fixed income trading EMEA at Fidelity International, told The TRADE.
As part of the acquisition, Bryan Messer has been appointed general manager of Asia Pacific, managing director of portfoliomanagement solutions and artificial intelligence at LiquidityBook, with his staff also joining. In addition, the accounting and reconciliation engines of Messer Financial Software will be integrated.
Triodos Investment Management has selected Bloomberg’s AIM and PORT Enterprise solutions in a bid to support its front-office workflows. Through the adoptions, Triodos is set to benefit from enhanced pre-trade compliance and data consistency across its consolidated front-office processes.
At the age of 25, Buffett became the portfoliomanager of his first fund. Buffett gave his take on the subject in the letters with three primary reasons: Group Think – Buffett saw too many managers conforming to the policies and actions of their peers in the business.
Invesco’s US-based global head of fixed income trading Glenn Taitz left the firm to join Adroit Trading Technologies. Taitz joined buy-side OEMS provider Adroit as its head of business operations after seven and a half years with Invesco helming its fixed income tradingbusiness.
London-based fintech C8 Technologies is set to launch an FX hedging platform which employs systemic trading models to help businessesmanage their currency exposures. Jonathan Webb, former head of FX strategy at Jefferies, manages the C8 Hedge platform.
Chalkley brings more than three decades worth of financial services to the role, in both portfoliomanagement and rates sales. He most recently served as managing director in its institutional rates sales business, overseeing key strategic relationships and distributing global rates products.
Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. His experience also encompasses hedge fund related roles, including futures and options trading and work on a fixed income desk.
Empirically, the offering allows clients to use some of the elements of OTC-derivatives (including equity swaps), while reaping the benefits of utilising standardised contracts traded on the regulated market and central counterparty clearing. The post Nasdaq unveils custom basket forwards solution appeared first on The TRADE.
Read more: Impax Asset Management to acquire corporate credit business from partner firm Formuepleje Group Ian Simm, founder and chief executive of Impax, said: “We are pleased to welcome Absalon’s experienced team of credit managers and to expand our fixed income offering further with the addition of these two strategies.
The lack of regulated trading venues is materially hampering the growth of the crypto derivatives trading market,” said Jeremy Punnett, M&G portfoliomanager. ” The post M&G Investments leads $30 million Series B funding round for GFO-X appeared first on The TRADE.
Joining the industry after graduating from business school at the age of 20, Papanichola has an impressive track record that spans across five hedge funds and two banks. My key takeaway from those guys was that the core foundation of trading isn’t about buying and selling. I could literally trade any product if I wanted to.
GAM Holding has confirmed its first steps in the turnaround plan for the business, aiming to return the company to profitability following a turbulent period. GAM has already made several new appointments in recent weeks in a bid to grow the business and increase profits, including changes to the group management board.
Combinations in Finance: More than Just Math The concept of combinations finds significant applications across various areas of finance, underpinning many strategies used in portfoliomanagement, options trading, and scenario analysis. Options Trading In the world of options trading , combinations also play a pivotal role.
We need good, consistent data sets in order to build logic to automate and make informed decisions,” said Martin Hendry, deputy head of trading at Liontrust Asset Management. A trader will no longer have to step outside of all these different screens and can instead focus on the trading,” added Loggia.
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