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With mounting geopolitical tensions, multinationals face a very real and immediate risk of being deprived of profits, control or even ownership of some wholly or partially owned local businesses.
Australia-based digital FX, riskmanagement and payments company Instantia has selected ION Foreign Exchange (FX) for the trade execution, trademanagement, risk and settlement management of its FX business.
The London Stock Exchange Group (LSEG) has reported positive first half results on the back of strong growth in its data and analytics and post-trade divisions. Total income grew to £4 billion, marking an 8% increase in comparison with H1 results from 2022, largely thanks to an “outstanding” 19% growth in post-trade revenues.
The bank will now adopt three additional modules of the solution, making MARS its primary riskmanagement system. The MARS market risk module integrates to offer a solution which supports riskmanagement and data workflow, providing scalability alongside allowing increased growth of CBI’s treasury business.
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].
LMAX Exchange Singapore – LMAX Group’s subsidiary – has received regulatory approval to offer Non-Deliverable Forward (NDF) trading in both Singapore and London. The business expects this to lead to transparent price discovery, deeper liquidity and efficient market structure.
Michael Peters At a recent roundtable, Deutsche Börse Group derivatives exchange, Eurex, shared its plan to harmonise onto one riskmanagement infrastructure over the next two years. Almost a decade ago, back in 2014, Eurex clearing was a leading innovator when it came to real-time riskmanagement.
Delikaris rejoins the firm from Coinbase, where he most recently served as head of digital finance trading. Prior to that, he spent nine years at State Street, serving as managing director, global head of AAPS – a role he will reprise. Previously, he served as State Street’s global head of algorithmic trading, securities finance.
Likewise, rather than using long-dated FX forwards of up to a year or two, many fund managers chose to lock in rates of up to six months or less to add an extra layer of flexibility and nimbleness should the market move against them. As the FX swaps market grows, we expect to see regional banks trade more FX swaps.
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. LSEG labelled 2023 an “outstanding” year for post-trade, having seen significant strategic progress. In capital markets, the 6.1%
Portfolio trading as a concept has exploded in the last few years, egged on by market conditions and volatility brought on by the pandemic and other macroeconomic factors. However, whether or not all firms are able to monetise the tool by managingrisk effectively in today’s environment, is up for debate.
Simon Gallagher, chief executive, London and head of global sales, Euronext We think that the introduction of an anonymised, single-level pre- and post-trade consolidated tape will trigger innovations at trading venues. We see the entire post-trade space becoming more and more of a platform business.
In the constantly evolving financial markets 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. However, reservations about its usage still exist among users.
Trading Technologies International (TT) has unveiled two new dedicated business lines, TT Compliance and TT Quantitative Trading Solutions (QTS), to fuel growth for 2024 across asset classes.
Nasdaq and the Indonesia Stock Exchange (IDX) have expanded their technology partnership which will see the former upgrade its core trading platform to Nasdaq’s most advanced matching engine. The post Indonesia Stock Exchange taps Nasdaq to build out market infrastructure appeared first on The TRADE.
Hedge funds are significant players in financial markets given the size of their capital bases and the frequency of their trading. as of the end of 2020, hedge funds managed approximately $3.6 One widely cited estimate is that hedge funds account for around 5-6% of total equity trading volume in the US.
Nasdaq Calypso is a global, multi-asset trademanagement platform which claims to streamline trading, clearing, riskmanagement, and post-trade processing. Nasdaq Calypso currently supports Novobancos treasury workflows, spanning trade settlement to payment and accounting processes.
Industry stalwart Dan Hinxman has 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.
Blue Ocean Technologies (BOT) and Members Exchange (MEMX), have entered a technology partnership in which the latter’s market-as-a-service trading system will operate the Blue Ocean ATS global trading platform. Last year, BOT continued to expand globally with a focus on extending its trading model in Asia-Pacific.
The annual Leaders i n Trading gala is the most distinguished awards night for the trading community. Among the most coveted awards categories is the Editors’ Choice Awards and today we bring you the 2023 nominees for Outstanding Post-Trade Services Provider.
Citi has created two new equities roles, appointing from within, in a bid to drive its equity business strategy and “cement the gains made in the derivatives business,” according to an internal memo seen by The TRADE. The post Citi appoints from within for two new global equities trading roles appeared first on The TRADE.
Marex has become a trading and clearing member of Singapore Exchange Group (SGX), which will allow the firm to offer direct trading and clearing services to clients across SGX. Marex’s clearing business offers infrastructure services to a range of clients including banks, hedge funds, asset managers, corporates and trading groups.
BlackRock has promoted from within for its new head of European credit trading, according to an update on social media. Dean Catton has been selected to take the helm for the asset manager’s European credit business after spending the last two years as its head of European leveraged finance trading for its alternatives business.
Kerim Acanal, global head of emerging markets, Tradeweb The request-for-market (RFM) protocol will continue to be the next frontier for electronic trading in emerging markets. In today’s ever-changing financial landscape, RFM allows clients to not reveal the direction of the trade, therefore minimising the footprint of their transaction.
Trading Technologies International (TT) has appointed Gavin Miller its new director of EMEA sales – TT Fixed Income, his move follows almost five years at fixed income aggregation and surveillance technology business, Algomi.
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for the Outstanding Market Data Provider category, shining a light on those displaying recent excellence in the data sphere.
According to the businesses, the aim is to “revolutionise India’s asset management industry and transform financial futures” through combining the scale and investment history of BlackRock, with the technology resources and local market knowledge held by JFS. Once in operation, the new business will have its own management team.
In addition, Banorte uses MARS Front Office and MARS Counterparty Risk solutions, alongside MARS Hedge Accounting, which offer the firm a complete set of riskmanagement capabilities. The post Bloomberg selected by Banorte to support regulatory compliance for monitoring derivatives hedging appeared first on The TRADE.
Day trading has become a popular practice among finance professionals, offering opportunities to capitalize on short-term price movements. Scalping involves executing quick trades with small profit targets, aiming to capitalize on short-term price fluctuations. One such technique gaining traction is scalping.
IEX Group has announced the launch of a US options exchange to partner with liquidity providers to tackle riskmanagement challenges faced in the options markets, subject to regulatory approvals. Brown will lead business development and product design for the new options exchange.
TS Imagine and Cassini Systems have today entered a strategic partnership, with Cassini’s intelligent analytics across over the counter (OTC) and exchange traded derivatives (ETD) products now available via TS Imagine’s offering, The TRADE can reveal.
The potential for Agentic AI to disrupt existing business models and create new markets is immense. In industries such as manufacturing, logistics, and supply chain management, Agentic AI can optimize operations, reduce costs, and enhance efficiency. Moreover, the healthcare sector stands to benefit enormously from Agentic AI.
The World Trade Organization (WTO ) plays a pivotal role in shaping the global economic landscape. From GATT to WTO The WTO, born out of the General Agreement on Tariffs and Trade (GATT) , has been pivotal since its inception in 1995. GATT’s initial role was to regulate international trade post-WWII.
Ivan Brown The exchange operator said the new venue will align with the needs of options industry participants and tackle riskmanagement challenges in the market. The post IEX firms up launch date for new options exchange appeared first on The TRADE.
The BlackRock EMEA equity trading team picked up The TRADE’s highly coveted Trading Desk of the Year, Long-Only award at the Leaders in Trading 2023 event in November. And that is exactly what the London-based trading team embodies. Every day is different, and markets are evolving at a phenomenal pace.
Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the riskmanagement practices of prime brokers. These forces have rumbled markets and led to heightened volatility.
ICE explained that it believes its offering is “strategically positioned” to take this next step and will promote competition and enable the US Securities and Exchange Commission’s (SEC) policy objectives around the standardised riskmanagement of the treasury securities market.
China Minsheng Bank has adopted Bloomberg’s sell-side execution management solution, ETOMS, alongside expanding its use of Trade Order Management Solutions (TOMS). The post China Minsheng Bank enhances market-making capabilities through adoption of Bloomberg sell-side solutions appeared first on The TRADE.
Head of SIX Swiss Exchange, Christian Reuss marked his last day at the trading venue as he moves onto pastures new. Reuss had been with the trading venue for just over 15 years, originally joining in 2009 as chief executive of a joint venture named Scoach, in partnership with Deutsche Börse.
But a few related areas, such as commodity desks at banks, commodity trading advisors (CTAs), and physical commodity trading shops could put up a good fight for that “most cyclical” title. We should also step back and define “commodities” and “commodity trading” since they’re massive areas.
Read more – Artificial Intelligence in fixed income: A paradigm shift Chin has held a range of leadership roles in quantitative research, riskmanagement and portfolio management 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.
Consumers typically cut back spending, businesses may halt expansion or hiring, and overall confidence in the economy can wane. Regulatory Challenges Regulations, while often necessary for consumer protection and market stability, can also pose challenges to businesses. Businesses slow to adapt can lose market share or become obsolete.
BNY Mellon has selected Eurex as the f irst c learing house to centrally clear repo trade s in Europe , having already executed the first of these transactions. We are pleased to become a trading and clearing member at Eurex. Access to Eurex enhances our overall liquidity management tool kit.”
According to DTCC’s survey, around a third of sell-side institutions said they plan to offer US Treasury clearing activity out of their prime brokerage, agency clearing or futures commission merchant business (FCM) business lines.
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