The TRADE

MARCH 11, 2024

BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses. Bianca Gould was appointed head of fixed income and equities EMEA, based in London. Paul Battams was named head of international equity trading at BlackRock following 23 years with the firm.

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The TRADE

AUGUST 14, 2023

European agency broker and equities research specialist Redburn and US equity brokerage Atlantic Equities have completed the merger of their operations under Redburn’s parent company Rothschild & Co, initially announced on 26 April. Atlantic clients will also be able to delve into the existing European product.

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The TRADE

MARCH 18, 2024

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.

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The TRADE

AUGUST 31, 2023

Non-profit member organisation for the equity marketplace, Plato Partnership, has added Liquidnet as an inaugural strategic partner. Liquidnet brings knowledge and experience in capital markets to the Partnership and will play a crucial role in shaping and informing Plato’s initiatives within capital markets, the organisation said.

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The TRADE

JULY 29, 2024

Kirk joins the capital management firm with experience working as a trader on both the buy- and sell-side. Previously he worked as an equities and fixed income trader at James Hambro & Partners and before that as a high touch cash equities trader for Jefferies. Whelan joined Pictet AM as an equity trader back in 2016.

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The TRADE

AUGUST 21, 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. He joins from ED&F Man Capital Markets, a company he founded.

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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. Webster also joins from Credit Suisse where she had previously spent 18 years, first as a pan European equity cash trader and later in a sales and trading role also within the AES division.

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The TRADE

JUNE 10, 2024

Hosie originally joined Credit Suisse in 2017 as its head of equities Asia Pacific, later assuming responsibility of the asset class for both Asia Pacific and EMEA and eventually taking up the role in a global capacity in 2023. BTIG appointed Sean Shanker as a managing director within the electronic trading team, based in New York.

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The TRADE

DECEMBER 28, 2023

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.

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The TRADE

APRIL 26, 2024

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.

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The TRADE

JANUARY 8, 2024

Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. RBC BlueBay Asset Management equity trader, Michael Tamou, left the asset manager to join Qube Research & Technologies (QRT).

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The TRADE

APRIL 10, 2024

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 capital markets experience,” said Stephen Berte, president at BIDS Trading, in a social media post.

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The TRADE

AUGUST 21, 2023

The four separate rulemakings put forward by the US Securities and Exchange Commission (SEC) in December last year represent the most significant attempt to revamp market structure for US equities in recent memory. While evolution of equities market structure in the US is long overdue, what form it should come in is up for debate.

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The TRADE

SEPTEMBER 2, 2024

Early adopters of the new trading service include Bernstein, BNP Paribas, BMO Capital Markets, Instinet Europe, Jefferies KCx and Virtu Financial. We’re excited to be bringing this first-of-its-kind service to the European equities market and help enhance execution outcomes for end investors.”

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The TRADE

FEBRUARY 26, 2024

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 capital markets teams for the SPDR ETF franchise”.

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The TRADE

OCTOBER 9, 2023

De Groot has three decades of experience in the capital markets and banking sectors, having worked at major global institutions across North America, Europe and APAC. Zain Nizami, global head of cash equity trading, will also join ESMF as well as having oversight of CRB risk.

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The TRADE

OCTOBER 23, 2023

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.

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The TRADE

JULY 3, 2023

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.

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The TRADE

NOVEMBER 17, 2023

First, we expect predictive capabilities to become table stakes for most participants in electronic markets. In capital markets, data quality is judged at minimum by its timeliness, granularity, consistency, and completeness. What role can/do providers play in capital market democratisation?

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The TRADE

JULY 10, 2023

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.

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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. Previously in her career, she spent three and a half years as a cash equity broker at Tullett Prebon.

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The TRADE

SEPTEMBER 25, 2023

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.

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The TRADE

JANUARY 18, 2024

Despite the indisputable decline in physical trading practices, it is enduring within an increasingly technological capital markets 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.

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The TRADE

JULY 18, 2024

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.

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The TRADE

OCTOBER 13, 2023

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.

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The TRADE

APRIL 25, 2024

Countering this viewpoint, Anish Puaar, head of European equity market structure at Optiver, added: “Not all orders or all liquidity is suitable for public markets, whether that’s lit, dark, or periodic and you do need those alternative means of executing. We talk a lot about retail and retail involvement in the market.

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Mergers and Inquisitions

FEBRUARY 28, 2024

While everyone seems to know about equity research and trading stocks, fixed income research gets far less attention. Equity Research vs. Fixed Income Research Common Myths What Do You Do as a Fixed Income Research Analyst or Associate? Each role has common analytical elements, but the specifics and deliverables differ (e.g.,

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The TRADE

AUGUST 1, 2023

For Europe, the advancement of technology is not the only narrative that’s reshaping the market as stagnant volumes and liquidity also continue to redefine who is capable of sitting at the top of the financial food chain. We’ve seen market share consolidate to fewer players and I think we’ve been a big beneficiary of that theme.”

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The TRADE

APRIL 30, 2024

Among the key components of Basel III is the increase in minimum capital requirements for banks, including higher common equity and Tier 1 capital ratios. It mandates increased pre- and post-trade transparency for a wide range of asset classes, including equities, fixed income, derivatives, and structured finance products.

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The TRADE

NOVEMBER 2, 2023

I began my buy-side journey on the ETF capital markets team, a product and market infrastructure I had no experience of, which was incredibly exciting and daunting at the same time. We also have a systematic trading desk which executes low touch flow electronically, utilising increasingly sophisticated technology.

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The TRADE

MAY 23, 2024

Eric Stockland, co-head of global electronic trading at BMO Capital Markets, explains that the venues largely fall into two categories: “It’s like a Phillips screwdriver and a Flathead screwdriver. billion and market share which accounted for 6.3% of total continuous trading in European equities.

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