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BMO CapitalMarkets has appointed Harj Bagria within its electronic trading division, The TRADE can reveal. Elsewhere in his tenure at Credit Suisse, Bagria held APAC equity trading and electronic sales trading positions, based in Hong Kong. Bagria joins BMO from Credit Suisse, where he spent nearly five years.
BMO CapitalMarkets managing director and co-head of electronic trading has left the bank, The TRADE can reveal. After 10 years as co-founder of Clearpool and MD at BMO, I have decided to take some time away from electronic trading. It has been an amazing journey,” said Wald in an update.
Olivia Gassner has joined JP Morgan as VP, equity electronic sales trader following a stint at RBC CapitalMarkets. New York-based Gassner served in the same role at RBC CapitalMarkets for three years prior to the move. The post RBC CapitalMarkets trader joins JP Morgan appeared first on The TRADE.
Dom Lowres, head of execution strategy and Matthew West, electronic sales trader, at Liberum are set to join Investec in the coming months to set up a new low touch electronic desk. Lowres joins Investec as head of electronic trading and execution strategy after almost 17 years with Liberum.
BTIG has made two key appointments including promoting Troy Donohue to head of Americas portfolio trading and hiring Henri Taylor as director within electronic trading sales. Elsewhere, Taylor brings over 20 years’ experience in electronic trading sales to the firm.
Chris Robinson has been appointed multi-asset trader at Liquidnet, joining from Louis CapitalMarkets where he worked for almost 13 years. The post Louis CapitalMarkets trader joins Liquidnet appeared first on The TRADE. He most recently served as a EMEA and US equity sales and execution trader.
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. BMO will now offer a range of trading opportunities tailored to their institutional client base through OptimX.
RBC’s co-head of European electronic sales and trading, Bianca Gould, is set to leave the bank after almost three years as part of streamlining measures across the business. Gould joined RBC CapitalMarkets in October 2020 to co-lead its European low touch sales and trading business alongside Chris Parker who has been in the role since 2011.
Gould joins BNY Mellon after three years at RBC CapitalMarkets where she previously served as co-head of equities electronic sales and trading. Bianca Gould has been appointed head of fixed income and equities EMEA, based in London.
Whilst at Morgan Stanley he most recently served as executive director in electronic FX institutional sales. Olivia Gassner joined JP Morgan as VP, equity electronic sales trader following a stint at RBC CapitalMarkets. Before that, Green worked in fixed income derivatives solutions at Barclays Investment Bank.
BTIG made two key appointments including promoting Troy Donohue to head of Americas portfolio trading and hiring Henri Taylor as director within electronic trading sales. Elsewhere, Taylor brings over 20 years’ experience in electronic trading sales to the firm.
Gould joined BNY Mellon after three years at RBC CapitalMarkets where she previously served as co-head of equities electronic sales and trading. BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses.
This latest appointment follows that of Olivia Gassner, who was appointed VP, equity electronic sales trader at JP Morgan earlier this month. Gassner joined the firm from RBC CapitalMarkets, where she served in the same role for three years prior to the move. Roberts announced his appointment in a social media post.
Despite the indisputable decline in physical trading practices, it is enduring within an increasingly technological capitalmarkets world which has already put innumerable out-dated practices out of fashion. Market opinion – and moves – suggest that mourning the death of open outcry may be premature.
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.
RBC appointed two former Credit Suisse senior algorithmic trading individuals to join its low touch electronic sales and trading team. Electronicmarket maker Optiver selected Philippe Rizzo to join its institutional sales team, effective from 9 October. Prior to that he held a similar role at Goldman Sachs, based in London.
UBS shakes up execution services management team structure People moves are always one of our biggest draws in readership, and in October, UBS’ plans to make changes within its execution services business , specifically the electronic trading area, became one of most read stories of the year.
Liquidnet brings knowledge and experience in capitalmarkets to the Partnership and will play a crucial role in shaping and informing Plato’s initiatives within capitalmarkets, the organisation said. The post Plato Partnership admits Liquidnet as strategic partner appeared first on The TRADE.
The solution includes fast access to relevant new issue securities with the most up-to-date information, electronic order routing, and automatic delivery of final allocations. First, orders from various portfolio managers are staged and aggregated before being electronically routed to InvestorAccess.
Read more: LedgerEdge closes three years after launch “As many of you know, Brian is a proven multi-asset trader and trading technologist with valuable asset management and capitalmarkets experience,” said Stephen Berte, president at BIDS Trading, in a social media post.
Smith brings more than 30 years’ experience in the capitalmarkets sector to the role, having worked in various exchanges and regulators, alongside helping develop market and industry standards. He joins from ED&F Man CapitalMarkets, a company he founded.
De Groot has three decades of experience in the capitalmarkets and banking sectors, having worked at major global institutions across North America, Europe and APAC. He previously held senior positions at Standard Chartered Bank, Deutsche Bank, and Mporium.
BTIG appointed Sean Shanker as a managing director within the electronic trading team, based in New York. In the role, Shanker will focus on driving new initiatives across the firm’s electronic and portfolio trading offering as well as leading key projects. Nicholas Cunningham was appointed as a senior banker in ECM.
Head of execution strategy and an electronic sales trader at Liberum are set to up sticks to join Investec, The TRADE can reveal. Dom Lowres and Matt West Dom Lowres, head of execution strategy, and Matthew West, electronic sales trader, are set to join the firm in the coming months to set up a new low touch electronic desk.
O’Connor has also previously held senior positions at State Street Global Advisors during his ten-year tenure, where his responsibilities included leading “a diverse cohort of product and capitalmarkets teams for the SPDR ETF franchise”.
Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. Jefferies’ managing director and head of US equity distribution in Europe, Guy Trust, left the bank after nearly a decade to join Daiwa CapitalMarkets Europe.
Jonathan Tse has been appointed managing director, EMEA head of electronic trading quant analytics, platform and product at UBS, as he moves over from Credit Suisse. In his new role, Tse is set to focus on growing algo platforms, as well as working in electronic trading for cash equities, global FX, and global exchange traded derivatives.
Alongside him, Torsten Schöneborn joined the bank from BNP Paribas where he had been global head of electronic platform and global head of quant prime broking. Before that, he spent almost 10 years at Deutsche Bank, where his roles included global co-head of electronic equities and head of eFX spot quant trading.
BMO CapitalMarkets also received two awards in the algorithmic trading category, Best Access to Market, alongside Best Customer Support & Consulting. Meanwhile in the EMS category, Virtu Triton received two awards; Best Market Access and Best Large-Cap.
Prior to that, he worked at Morgan Stanley, initially joining as an electronic trading associate before going on to a role as equity sales trader. Lara Jacobs was appointed vice president – equities electronic trading coverage at JP Morgan following six years with Liquidnet.
He originally joined HSBC in 2014 as a developer for front office data, working his way up to his most recent role as head of AI for markets and securities services which he served in for four years. According to sources familiar with the matter, it has been communicated to clients that due to streamlining, certain roles have been eliminated.
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. Albon, who has been with Kepler for four years, has had an extensive career in execution sales.
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.
UK-based investment bank Peel Hunt appointed former head of electronic and program trading and sales at Numis Securities, Nishad Vallonthaiel, to head up its own electronic trading division. Also appointed to the electronic trading team at Peel Hunt alongside Vallonthaiel is Vinesh Chhaya, who joins the unit as a senior sales trader.
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. Gavin Collins has joined Trumid in a newly created role to head up its dealer-to-client Attributed Trading protocol.
The two leading US capitalmarkets watchdogs have come down on almost a dozen organisations over recordkeeping failures with their combined penalties totalling nearly $550 million. All 11 firms had been found to have been using longstanding “off-channel” communications following an investigation by the SEC. billion to date.
GIX submitted its Form 1 application on 9 May 2023, outlining plans to operate a fully automated electronic trading platform for the trading of listed equities – no physical trading floor is planned.
“One of the key reasons Singapore is an attractive market is it’s pretty well positioned, as it shares the same time zone as Hong Kong,” Gerard Walsh, global head of capitalmarkets client solutions at Northern Trust, told The TRADE.
“The tick size proposal, in name only, is simple and one-dimensional, but in practice, there are changes to rebates, there are changes to pricing tiers, there are changes to odd lot data that’s being disseminated,” Eric Stockland, managing director, electronic trading for BMO CapitalMarkets, told The TRADE in August last year.
Read more – Numis shutters low touch electronic trading business At the time the deal was revealed, documents seen by The TRADE made clear that the move had come amidst the bank evaluating the best way to accelerate the growth of its UK business after identifying it as the largest investment banking market in Europe.
Both new IBYO and IBGO options will be physically settled and will trade electronically on CFE during regular trading hours. and TTG Capital Limited, last November. The new indexes claim to be the only exchange listed futures linked to US corporate bonds.
Redburn and Atlantic have a proud history of being fully aligned with their clients and working with them to ensure a best execution outcome both via high touch and electronic trading. With more names under coverage and more access to companies, we anticipate our market share will continue to grow in Europe and especially the US.
The Big Interview with BTIG’s Stephen Ponzio Claudia Preece sits down with head of electronic trading at BTIG, Stephen Ponzio, to discuss what’s front of mind when it comes to investing in e-trading talent, which characteristics are most prized on the desk, the importance of human-to-human interaction, and the firm’s future technological plans.
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