The TRADE

SEPTEMBER 14, 2023

Earlier this year, the UK’s Financial Conduct Authority (FCA) announced a consultation period with market participants on reforms to improve markets and competitiveness, including the introduction of a UK consolidated tape (CT). A CT for bonds will be the initial focus, with an equities tape following at a later stage.

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The TRADE

DECEMBER 15, 2023

Following feedback received from the consultation period, ESMA has confirmed that it will consider all possibilities for a shortened settlement cycle, which includes both T+1 and a potential T+0. ESMA did, however, highlight that the reduction of time available for post-trade processes would be even more acute if the EU was to move to T+0.

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The TRADE

DECEMBER 18, 2023

Improved post-trade efficiencies and initial regulatory leniency will hopefully make this an easier pill to swallow but funding costs and liquidity impacts are yet to be realised. Despite the ongoing uncertainty for participants, 2024 promises to be another eventful year for Pan-European market structure.

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The TRADE

DECEMBER 27, 2023

Marex to acquire Cowen’s prime brokerage and outsourced trading business from TD At number ten was a story broken by The TRADE in September, news that Cowen’s prime brokerage and outsourced trading business had been acquired by Marex just six months after TD completed its purchase of the business. He will report to Blatch.

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The TRADE

MARCH 4, 2024

The European Securities and Markets Authority (ESMA) published a consultation paper in December 2023 on the CSDR penalty regime seeking input on amendments which may include cash penalties that increase with the length of the settlement fail. On the latter, some associations felt the proposal would make Europe a less attractive market.

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The TRADE

DECEMBER 20, 2023

The preparatory phase could include a public consultation and stakeholder workshops in a bid to adhere to principles of transparency and equal treatment, said ESMA. The short consultation on payments to data providers and on the forms for data reporting services providers closes on 9 February 2024.

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The TRADE

JANUARY 2, 2024

Eric Heliene, head of buy-side trading desk, Groupama Asset Management  The intensification of financial regulation is a fundamental trend transforming the asset management ecosystem.  While the EU has agreed to a real-time pre- and post-trade consolidated tape (CT) for equities – the devil will be in the detail.

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The TRADE

OCTOBER 2, 2023

RBC appointed two former Credit Suisse senior algorithmic trading individuals to join its low touch electronic sales and trading team. Also appointed to the low touch sales and trading team at RBC is Suzanne Webster, who joined as a multi-asset director. He joined from Luminex where he most recently served as head of sales.

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The TRADE

MAY 29, 2024

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.

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The TRADE

OCTOBER 14, 2024

Elsewhere, the task force stated that ESMA should consult as planned on “measures to reduce settlement fails” and make a determination as to whether further regulatory changes are necessary to support enhanced settlement efficiency, and which of these changes, if any, should be sequenced before a move to T+1.

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The TRADE

APRIL 3, 2024

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 closing date for responses is 29 May 2024.

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The TRADE

JUNE 4, 2024

trillion, reached as part of a prior industry consultation. The $26 trillion Treasury market — the deepest, most liquid market in the world — is the base upon which so much of our capital markets are built,” SEC Chair Gary Gensler said in a statement in December. The prediction is up from a previous estimate of $1.63

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The TRADE

AUGUST 15, 2023

Smith brings more than 30 years’ experience in the capital markets sector to the role, having worked in various exchanges and regulators, alongside helping develop market and industry standards. The post Clear Street names new chief executive of futures clearing business appeared first on The TRADE.

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The TRADE

DECEMBER 11, 2023

Albon has been appointed associate director, senior sales for EMEA electronic trading and program trading, set to join the firm in February next year. She will report to global head of electronic trading and distribution, Jason Rand. She began her career at Newedge in a cash equity trading and sales role.

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The TRADE

OCTOBER 16, 2023

Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG). He will join the exchange group as head of secondary markets sales and business development in January 2024, sources have confirmed.

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The TRADE

OCTOBER 11, 2023

Philip Coleman, chief technology officer at Delta Capita, said: “Today’s launch of MACH is a clear demonstration of Delta Capita’s commitment to reinventing the financial services value chain, and being at the heart of what is an incredibly exciting next chapter for capital markets and technology innovation.

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The TRADE

JULY 15, 2024

Rikki Corbyn left State Street Global Advisors (SSGA) following 11 and a half years with the firm, The TRADE learnt. Following his departure he is set to join Barclays Capital. Prior to his time at SSGA, Corbyn held settlement-related roles at Credit Suisse, Citigroup, and Barclays Capital.

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The TRADE

JANUARY 26, 2024

What is the future outlook for AI use across capital markets? This year the market will see more generative AI use-cases go from pilots to production. Throughout 2023, we saw generative AI experimentation across the capital markets ecosystem. How is the industry adjusting to the increasing prevalence of the cloud?

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The TRADE

NOVEMBER 24, 2023

The changes follow the results of the Short Selling Review, published in July, and the Short Selling Regulation Consultation, delivered earlier this month. This is part of a wider effort to enhance transparency, oversight over short selling activities in the capital markets. of issued share capital.

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The TRADE

AUGUST 28, 2023

Northern Trust promoted Dane Fannin as its new head of global foreign exchange (GFX)and securities finance within its capital markets business. Prior roles include four years as director of G10 and emerging markets FX at Dankse Bank, as well as director and FX trader at Societe Generale.

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Accenture Capital Markets

SEPTEMBER 5, 2023

The post Top 3 Trends for the Institutional Investing & Pension Funds Space in 2018 appeared first on Accenture Capital Markets Blog. Robotic Process Automation.

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The TRADE

OCTOBER 16, 2023

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.

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The TRADE

JANUARY 3, 2024

The service provider landscape for outsourced trading is made up of an eclectic mix of firms. Trading is in their DNA and their executives are often straight-to-the-point in their communication. Trading is in their DNA and their executives are often straight-to-the-point in their communication.

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The TRADE

OCTOBER 10, 2024

Andrew Douglas In September the AST published its proposed recommendations for a transition to T+1 in the UK, calling for market feedback on its automation-heavy approach. The post Inside the UK’s blueprint for the move to T+1 settlement appeared first on The TRADE.

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M&A Leadership Council

FEBRUARY 27, 2024

First, if investors sell the company’s stock, short it, or simply don’t trade it at all, stock price and/or volume might suffer, making any attempts to access the equity capital markets more dilutive. In the worst-case scenario, it could all but foreclose access to the equity markets.

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Peak Frameworks

JUNE 27, 2023

Definition of the Money Market The money market is a subsection of the financial market where participants engage in the buying and selling of short-term debt securities. requires temporary funding to meet operational expenses, they might issue commercial paper in the money market to raise the necessary funds.

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Focus Investment Banking

AUGUST 6, 2023

ESG isn’t just a matter for large, publicly traded companies. This is particularly true if your partners are publicly traded or foreign-owned. It’s increasingly becoming a must for small and medium-sized businesses. Strength in ESG helps reduce companies’ risk of adverse government action,” adds McKinsey.

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The TRADE

OCTOBER 18, 2024

“Year-to-date, we’re seeing for the first time in many years a notable uptick in new fund launches and spin outs from bigger places,” says Jack Seibald, managing director, co-head of Marex prime services and outsourced trading. That’s why the money’s with them and they will probably attract even more capital.

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Mergers and Inquisitions

JULY 17, 2024

Financials are usually in the #1 spot because banks and insurance firms constantly issue debt; other sectors trade places in the rankings. You don’t necessarily see quite the same division into M&A vs. capital markets and syndication that you do in other regions, but this varies by bank.

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The TRADE

DECEMBER 21, 2023

The pandemic marked a seminal moment across the capital markets, effectively drawing a line between the old world and the new. Outsourced trading is no longer a taboo topic. In fact, it is now firmly a part of the institutional trading ecosystem,” says Dragan Skoko, head of outsourced trading and xBK at BNY Mellon.

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The TRADE

NOVEMBER 20, 2024

The TRADE is delighted to announce the winners of our inaugural Leaders in Trading New York awards, with the recipients honoured at a ceremony held last night at Chelsea Piers, New York. Meanwhile, the award for Trader of the Year – Hedge Fund was given to David Alfred of Conversant Capital.

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The TRADE

DECEMBER 12, 2024

Hong Kong Exchanges and Clearing (HKEX) is launching a multi-year enhancement programme to upgrade its post-trade services for the cash equities market, with the aim of being technically ready to support a T+1 settlement cycle by the end of 2025.

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The TRADE

NOVEMBER 8, 2024

The TRADE is delighted to announce the winners of this year’s Leaders in Trading awards, with the recipients honoured at a ceremony held last night at The Savoy, London. Keeping it within the family, M&G Investments also took home the award for Trading Desk of the Year.

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The TRADE

DECEMBER 19, 2024

Hayley McDowell, EU equity electronic sales trader and market structure consultant, RBC In 2025, we will see momentum in European dark trading continue to build. Whilst each of these offerings are slightly different, they have been popular in the US and Canada due to the rise in passive trading.

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The TRADE

MARCH 14, 2025

Read more: Buy- and sell-side unveil recommendations for proposed equities and ETF consolidated tape structure Rouband currently serves as EMEA head of secondary and options markets at BlackRocks iShares Global Markets. The post EuroCTP taps BlackRock and BNP Paribas for new advisory board members appeared first on The TRADE.

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The TRADE

DECEMBER 23, 2024

FIS acquires post-trade platform Torstone Technology Coming in at number 10 in our 2024 most read countdown was a major merger and acquisition scoop announced at the start of the year. As revealed by The TRADE and sister publication Global Custodian in February, fintech giant acquired SaaS post-trade platform Torstone Technology.

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The TRADE

FEBRUARY 24, 2025

David Stevens, current chief operating officer of Aquis Exchange has taken over as chief executive, The TRADE understands, while Richard Fisher takes on the joint role of CFO and COO. The TRADE awarded Haynes with the prestigious Lifetime Achievement Award in 2018, recognising his significant and enduring impact on the industry.

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