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Liquidity management service provider OptimX Markets has partnered with BMO CapitalMarkets to bring the firm’s institutional algorithmic trading flow to institutional buy-side trading desks in European markets.
Based on the success of our S&P 500 Annual Dividend Index futures, which traded more than 900,000 contracts in 2023, we are pleased to introduce these new options contracts to provide market participants with even greater flexibility to customise their dividend-related strategies.”
“Investing in Hong Kong’s first-ever digitally native bonds and transacting repo trades with the bonds as collateral has been a smooth process,” said Bryan Wong, general manager and head of treasury markets division of BEA.
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.
The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2023, with considerable improvement across data and analytics, capitalmarkets, and in particular, post-trade. year-on-year increase, while capitalmarkets saw a 6.1% In capitalmarkets, the 6.1%
Vikesh Patel With this approval, the pan-European clearing house will introduce a service for European SFT transactions in cash equities and ETFs, which includes central clearing, settlement and post-trade lifecycle management. The concept of central clearing of SFTs is not new and has been tried before with varying degrees of success.
RBC CapitalMarkets has appointed Mitul Patel director, central bank sales, based in London. As part of the role, Patel will hold responsibility for distributing global rates product, alongside collaborating closely with global trading teams, internal partners in DCM, syndicate, and sales to execute strategy and drive growth.
The liquidity provider will now be able to access institutional buy-side trading desks in the European markets directly via OptimXs platform. Winterflood is delighted to be working with OptimX, Scott Lesser, head of trading solutions, Winterflood Securities, told The TRADE.
Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East are collaborating to develop digital fixed income securities, with the aim to broaden capitalmarket use cases in the Middle East. The post HSBC and Abu Dhadi Securities Exchange partner to develop digital fixed income securities appeared first on The TRADE.
Terry Duffy The plan is to build a new private Google Cloud region to support CME Group’s global trading, offering derivatives traders access to “cloud-based, ultra-low-latency networking and high-performance computing”. Recent times have seen a swathe of investments from major cloud providers into leading exchanges.
Commodities specialist Marex has completed its acquisition of TD Cowen’s outsourced trading and prime brokerage business, first announced in September. The cross collaboration and working with all of the other business units is one of the biggest opportunities. “The TD Bank Group then agreed to acquire Cowen in August 2022.
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.
Pan-European trading venue for securities Spectrum Markets has welcomed Baader Bank as a new trading member. Nicky Maan Baader Bank has been trading securities for over four decades, offering its partners and institutional investors access to capitalmarkets through integrated trading platforms.
The addition of ADX to ICE Global Network follows previous initiatives by ICE in the region, having previously partnered with the Abu Dhabi National Oil Company (ADNOC) to create ICE Futures Abu Dhabi, alongside bringing improved accessibility to local markets.
The Stock Exchange of Thailand (SET) has launched a new trading system, alongside market data distribution and market surveillance systems, based on Nasdaq technology. The newly developed solution will support increasing transaction volumes and a range of investment products, while further enhancing the integrity of the market.
What has your journey to the trading desk been like? I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. I oversee the capitalmarkets function and I assist in origination.
There is a clear appetite for new innovations around the block market in Europe. Earlier this year, Aquis Exchange confirmed it was acquiring a minority stake in OptimX Markets in a bid to expand its block crossing remit with the investment having been made as part of a consortium including the venture capital arm of Deutsche Boerse Group.
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. This is illustrative of the markets’ protocol preferences changing, and RFM proving its worth as an important tool.
Gavin Collins has joined Trumid in a newly created role to head up its dealer-to-client Attributed Trading protocol. He has two decades of experience in the capitalmarkets industry and was previously Neptune’s chief technology and product officer, having joined back in 2021.
BNY Mellon and Microsoft are collaborating to expand and enhance the custodian’s data analytics platform. As part of the collaboration, the two firms will tap into artificial intelligence (AI) technologies that are designed to enhance productivity and to make more informed decisions.
In celebration of International Women’s Day (IWD) 2024, The TRADE is delighted to bring you this webinar on Wednesday 13 March from 2-3 pm GMT, celebrating gender diversity milestones achieved by the financial industry and examining where there remains work to be done in order to achieve it. appeared first on The TRADE.
Innovation is inevitable as market participants continually seek to enhance their operations across the board, and stock exchanges and trading venues are perhaps some of the most prominent advocates of embracing emerging technological advancements.
Cloud adoption has seen increased focus over the last few years across the capitalmarkets industry. Exchanges and trading venues have been in the forefront of this adoption, with expectations that they will have a knock-on effect to promote increased adoption from other participants in the longer term.
RBC has appointed Guy Chalkley as managing director, UK flow rates sales, according to an internal memo seen by The TRADE. Before joining RBC, Chalkley spent 11 years at NatWest Markets. The move follows the addition of Giles Gleave and Mike Heraty who were appointed as managing directors at RBC CapitalMarkets in July.
Deutsche Bank has signed up to the onboarding and maintenance platform for custody, broker trading, and buy-side accounts offered by ascending fintech Saphyre. All while being first to trade on any new funds.” Saphye won Fintech of the Year at The TRADE’s Leaders in Trading awards 2023, in a category supported by Instinet.
SteelEye has incorporated in Singapore, enhancing its reach across Asia-Pacific as it aims to enable closer collaboration with clients and regulatory authorities in the region. The region’s regulatory frameworks are known to be stringent, requiring financial institutions to comply with a range of market surveillance rules.
RBC CapitalMarkets has appointed Giles Gleave and Mike Heraty as its newest managing directors, according to an internal memo seen by The TRADE. He will partner with several private side teams, such as: European solutions, equity capitalmarkets and global investment banking, according to the internal memo.
David Tamburelli, global head of content acquisition at Bloomberg, highlighted how important BSE is within Chinese financial markets and praised the progress it has facilitated through increased transparency of operations and contributing to the increase in the number of listed companies and supporting data.
The move is in collaboration with e-trading solutions provider IPC. Some significant events so far this year has seen major trading disruption events and led to calls from all corners of the capitalmarkets sphere for stronger infrastructure. JSE has enhanced its Teraco data centre, bolstering its Colo 2.0
Virtu has entered into a strategic alliance with InvestorLink to offer retail investors better access to the primary markets. We are delighted to collaborate with InvestorLink to help connect retail brokers with hard-to-access investment solutions,” said Stephen Kay, global head of broker-dealer sales at Virtu.
While we haven’t seen meaningful, industry-wide collaboration on digital assets yet, we do seem to be very much aligned on one thing: the enormous promise that tokenisation offers. It can give firms access to new markets and new ways of unlocking liquidity. The ability to trade 24/7 in a peer-to-peer network environment is exciting.
We see this evidenced, for example, in their use of our data science solutions that allow them to digitize their investment processes, or combine trade data with behavioural science to identify decision patterns over time.
This magazine also includes a write up of The TRADE’s annual Algorithmic Trading Survey Long-only which saw a record whopping 2,222 responses this year by 570 traders, and a write up of our annual Diversity and Inclusion Survey.
His expertise ranges across collateral management, ETF capitalmarkets, securities lending, and total return swaps (TRS). ” The post Wematch.live bolsters global presence through appointment of head of equities sales for EMEA appeared first on The TRADE.
Despite a huge amount of focus on the US move to T+1 and Europe potentially following suit, the broader notion of tackling settlement inefficiency remains a top priority for all post-trade participants, experts have opined.
Trading and Proprietary Trading Many large banks are involved in trading activities. This can be trading on behalf of their clients (like when you buy a stock through a bank's brokerage service) or proprietary trading where banks invest their own money.
If, however, capitalmarkets and the economy weaken in 2020, M&A transactions may be the only viable option for life sciences companies to access capital, in which case we would expect to see more M&A transactions by number, but they would likely be paired with lower purchase prices and/or more highly structured.
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. A new vision should be paired with a profound reflection around the open strategic autonomy.
2022 drivers and headwinds Choppy access to capitalmarkets and financing to fund ongoing operations Many life sciences companies faced challenges raising money in the capitalmarkets in 2022. Novartis announced plans to spin off its generics and biosimilars division into a publicly traded stand-alone company.
The taskforce also recommended a Technical Group should be established, comprising operational and market experts to work through the details including how changes can be best implemented to enable a smooth transition to T+1. More than 80 trade associations and industry participants have volunteered to support the Technical Group.
How can Europe’s fragmented post-trade environment be tackled by regulators? What is the main roadblock for consolidation of the post-trade landscape? It’s about infrastructures having a critical mass to provide an entry door to European capitalmarkets and support our financial community.
This post highlights 10 key trends that shaped global M&A market activity in 2022 – and will likely continue to impact deals into 2023. Show me the cash With the slowdown in capitalmarkets, increased interest rates and the end of “easy money” from traditional lenders, the need for access to cash and financing drove M&A deals in 2022.
It is clear that a move to T+1 would be a complex, multi-year undertaking, and requires the collaboration of all industry stakeholders to ensure that we do not introduce new risks or damage the existing efficiency, liquidity and functioning of EU securities markets.”
The post ESMA opens door for T+1 implementation in Europe appeared first on The TRADE. The watchdog will consider the feedback during the first quarter of 2024, with the intention to publish a final report in Q4 2024 at the latest.
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