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The Association for Financial Markets in Europe (AFME) has appointed April Day head of capitalmarkets. Day has been promoted to the role, following 12 years at AFME, where she has previously served as head of equities. As part of the role, she oversaw equitycapitalmarkets (ECM), trading and post-trade activities.
Jefferies’ managing director and head of US equity distribution in Europe, Guy Trust, has left the bank after nearly a decade to join Daiwa CapitalMarkets Europe, The TRADE can reveal. Trust has an extensive career specialising in equities and arbitrage strategies.
ION has become registered as an independent software vendor for algorithmic trading on BSE (formerly Bombay Stock Exchange). The development will enable exchange members to use IONs Fidessa algorithmic trading functionality on BSE. In June last year, ION received approval to become an equitiestrading vendor on BSE.
Capitalmarkets technology provider Trading Technologies (TT) has moved to enhance its institutional clients visibility and agility in the equitiesmarkets with the launch of a new broker ranking system. The system is based on trade data compiled by Abel Noser Solutions which TT acquired in 2023.
BMO CapitalMarkets has appointed Harj Bagria within its electronic trading division, The TRADE can reveal. Most recently, Bagria held an EMEA equitytrading position, based in London. This followed an eight-year stint at Citi, where he held electronic sales trading roles in both London and Hong Kong.
BNY Mellon has made two key senior managing director hires into its fixed income and equity sales and trading businesses. Bianca Gould has been appointed head of fixed income and equities EMEA, based in London. Elsewhere, Kathleen Kinsella has joined BNY Mellon as head of US fixed income sales, based in New York.
Historical Level 3 data and analytics provider BMLL has expanded its data coverage to now serve South African capitalmarkets. Among the three data bundles is BMLL’s Auction Analytics, which show any correlations between market direction and volatility in the pre-auction trading and theoretical close.
Deutsche Brse Xetra has further expanded its retail offering with a new ETF trading service. Launched in March, the new service is designed to offer automatic price improvement over Xetra reference market prices. The service applies to all Xetra trading in equities, ETFs and ETPs.
Axis CapitalMarkets has appointed Lewis Jones in an institutional sales and trading role, The TRADE can reveal. According to an update on social media, Jones joins Axis CapitalMarkets from IBP Markets, where he served as an equity sales trader for nearly three years.
As part of the move, ION’s Fidessa trading platform is now certified for cash equitiestrading on BSE. After completing the audit process, BSE has since certified Fidessa as compliant with all relevant exchange rules and regulatory standards, allowing exchange members to use the platform for equitiestrading on BSE.
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.
Tourmaline Partners has appointed Peter Murden as managing director – equitytrading, as it seeks to further enhance its market reach, The TRADE can reveal. His key focus will also be on bolstering the team of senior equitytrading professionals at the firm.
The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2024. Last year, Goldman Sachs’ chief operating officer for EMEA equity execution services Eleanor Beasley took home the Industry Person of the Year Award in a landslide victory.
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.
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%
Societe Generale has moved to bolster its equitycapitalmarkets (ECM) offering in the US with the addition of three new individuals, according to an internal memo seen by The TRADE. The post Societe Generale Americas expands equitycapitalmarkets team with three new hires appeared first on The TRADE.
Chris Robinson has been appointed multi-asset trader at Liquidnet, joining from Louis CapitalMarkets where he worked for almost 13 years. He most recently served as a EMEA and US equity sales and execution trader. The post Louis CapitalMarkets trader joins Liquidnet appeared first on The TRADE.
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.
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 equitytrading at BlackRock following 23 years with the firm.
Trading Technologies (TT) has made three new appointments to its senior leadership team, including chief operating officer; executive vice president of fixed income; and executive vice president of futures and options – all of which will join the firm on 1 January 2024.
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.
A Citadel equity trader and senior associate has left the firm to join Ilex Capital, The TRADE can reveal. According to an update on his social media, Jack Boland has joined Ilex Capital in a US equitytrading and global equitycapitalmarkets role.
He will also matrix report to Sue Lee, head of markets for Asia South. Chang joins from Goldman Sachs, where he served as head of FICC and equity distribution for Southeast Asia and been a board member of Goldman Sachs Singapore for more than 10 years.
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.
Justin Llewellyn-Jones, head of capitalmarkets, North America (equities, FX and derivatives) and chief product officer for capitalmarkets at fintech firm Broadridge has announced his departure after more than four years with the business.
Mark Burgess has joined commodities specialist Marex as equities trader following a 14-year stint at Winterflood Securities. Burgess joined market maker Winterflood back in 2009 and has served as European equities trader, head of European market making, and most recently UK equities trader.
Conary’s capitalmarkets career spans four decades, with his retirement paving the way for Kezar Markets’ continued growth plans. Elsewhere in his career, Miele held trading and financial services positions at organisations such as Fidelity CapitalMarkets and the Boston Stock Exchange.
The London Stock Exchange Group (LSEG) achieved a strong H1 according to results released on Thursday, with growth across capitalmarkets, data and analytics, post-trade and its index business. “We The post LSEG capitalmarkets revenues contribute to H1 growth despite ‘anticipated headwinds’ appeared first on The TRADE.
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.
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.
The European Commission is tabling the implementation of a more US-centric market structure with regards to how orders are routed, in one of a range of suggestions aimed at improving the integration and efficiency of EU capitalmarkets. The return of VWAP crossing?
What has your journey to the trading desk been like? I spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. I oversee the capitalmarkets function and I assist in origination.
Euronext has appointed former Credit Suisse sales trader Nathalie Ruiz as head of continental equity sales. Ruiz previously spent nearly 12 years at Credit Suisse, most recently as director, sales trader for Credit Suisse’s suite of algorithmic trading strategies, Advanced Execution Services (AES).
The Mifid/r review forms a key base for the completion of a CapitalMarkets Union (CMU) that works for investors and issuers, a necessary element to ensure that EU capitalmarkets across asset classes are more integrated and competitive globally.
Commodities specialist Marex has completed its acquisition of TD Cowen’s outsourced trading and prime brokerage business, first announced in September. It’s something that we learned to do quite well when we got to Cowen and we had a lot of success with working with different product lines,” Rosen told The TRADE.
AllianceBernstein and Societe Generale have launched a new joint venture focusing on global cash equities and equity research. “With Bernstein, a new leader is emerging in cash equities,” said Slawomir Krupa, chief executive of Societe Generale.
The TRADE is delighted to announce the first batch of shortlists for the upcoming Leaders in Trading Awards ceremony set to take place in London this November. The trading event of the year is set to return once again at The Savoy on 7 November, bringing together our industry for a glittering evening of celebration and jubilation.
The TRADE is delighted to announce the first batch of shortlists for the upcoming Leaders in Trading New York Awards ceremony set to take place in November. So, without further a due, it gives The TRADE great pleasure to announce the following awards shortlists for Leaders in Trading New York 2024!
As part of the move, MIM is acquiring the high yield and bank loan, strategic fixed income and small-cap equity teams and certain related investment products. The post MetLife IM set to acquire investment teams managing $6 billion from Mesirow appeared first on The TRADE. The deal remains subject to customary approvals and consents.
Danske Bank has selected Broadridge’s multi-asset trading and market making solution, Tbricks, to support multi-asset trading, pricing and position management across its various locations. Tbricks provides a modular trading platform with a flexible user interface, built-in functionality and customisability.
BIDS Trading has appointed Brian Hickey senior director of product. Hickey previously served as head of product at LedgerEdge for nearly a year and a half, prior to the trading platform closing down last year. Most recently, he served as head of cross-asset electronic trading, a position he held for just over three years.
RBC CapitalMarkets has appointed Giles Gleave and Mike Heraty as its newest managing directors, according to an internal memo seen by The TRADE. Heraty is set to take on the role of head of US equity solutions and structured product sales, whilst Gleave has been appointed as head of European equity solutions.
Even though we’ve covered industry groups vs. product groups and teams such as M&A , ECM , DCM , and Leveraged Finance , we continue to get questions about capitalmarkets vs. investment banking. The questions usually go like this: Are capitalmarkets teams (ECM, DCM, and LevFin) “real” investment banking?
BNY Mellon has today announced the integration of Global MarketsTrading (GMT), which will combine the firm’s capabilities in foreign exchange, fixed income, equities and capitalmarkets to provide full-service client provisions.
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