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“As a financialmarket infrastructure with a track record of providing high quality settlement services to the world’s leading financialinstitutions, we are well positioned to drive innovation in the industry and to improve efficiency in the market as a whole.”
Wissam Khoury, EVP, Treasury and Capitalmarkets (TCM) at Finastra is responsible for leading and driving strategy, growth and sustainability. He has over 25 years of experience working with financialinstitutions, leading them through digital transformation and evolutions in the industry.
Citi has named Christopher Chang as its new head of markets solutions for financialinstitutions for Asia South and Asia North. He also brings more than 28 years of experience covering markets and debt capitalmarkets (DCM) to his new role.
Users of Calypso include: banks, insurers, and other global financialinstitutions looking to process front-to-back office treasury workflows, manage risk, and meet regulatory reporting obligations. Gil Guillaumey, senior vice president and head of capitalmarkets technology at Nasdaq, said: “All financialinstitutions trading OTC derivatives are (..)
Kazakhstan’s capitalmarkets are flourishing, with tenge-denominated bonds attracting interest from all over the world. The work of financialinstitutions like Tengri Partners has helped to whet investors’ appetites
“BlackRock is proud to be a founding investor in the Texas Stock Exchange to increase liquidity and improve market efficiency for BlackRock’s clients and other investors in the US capitalmarkets,” said a BlackRock spokesperson.
Join editor at The TRADE, Annabel Smith, head of trading at Syz Group, Valérie Noël, head of foreign exchange at Fidelity, Nigell Todd, and co-founder of not-for-profit Everyone Matters, Pat Sharman, to delve into the current state of play of gender diversity in capitalmarkets.
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%
What is the future outlook for AI use across capitalmarkets? 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 capitalmarkets ecosystem. How is the industry adjusting to the increasing prevalence of the cloud?
The new rule includes an exemption for transactions where the counterparty is a central bank, sovereign entity, international financialinstitution, or natural person. The amendments will go into effect in two phases.
The bank also noted a “very strong increase in the capitalmarkets platform, particularly in the Americas and EMEA”. The move was set to help the firms manage credit exposures for their financialinstitutions. BNP’s global banking revenue performance was notably strong, with a 17.5%
However, additional rate hikes may carry consequences of their own, as the ever-present threat of a recession exposes risks to equity investors, just when it seemed the market was moving past a potential banking crisis. [9] 9] With share prices of financialinstitutions under pressure, shareholder activists began circling the sector.
A recent SteelEye report found that just last year four banks and an insurer were fined in a bid to tackle money laundering and market misconduct. The region’s regulatory frameworks are known to be stringent, requiring financialinstitutions to comply with a range of market surveillance rules.
“The global capitalmarkets system is at an inflection point. More than ever, retail investors need a responsible capitalmarkets ecosystem. The Future of CapitalMarkets: Democratization of Retail Investing An insight report from the World Economic Forum published August 2022.
Gordon McArthur, chief executive of Beeks, said: “Exchange Cloud continues to be a unique offering in the market, and the success of the solution at the JSE is supporting our discussions with other global exchanges, underpinning our confidence in continued momentum.” “Since the launch of Colo 2.0 in September 2023.
Read more – AllianceBernstein and Societe Generale to partner on cash equities push Bernstein will provide institutional investors, corporates and financialinstitutions with investment insights into North America, European and Asia Pacific equity markets, alongside liquidity access and global trading technology.
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.
Clear Street John Levene has joined Clear Street as head of institutional, overseeing the firms prime brokerage business, following more than 25 years at Goldman Sachs.The move will see Levene using his experience in building and managing prime brokerage platforms across the capitalmarkets to bring leadership to his new role at Clear Street.
TM Capital – A New Era Begins On November 8, 2023, TM Capital announced that our firm has agreed to be acquired by Janney Montgomery Scott. One Vision This is an extraordinary moment in TM Capital’s rich history. After 34 years as an independent, partner-owned firm, the time is right for TM Capital to join forces with Janney.
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. Additionally, the CFTC has also confirmed that the settlements also require an admission of wrongdoing from the banks.
The communication, sent from global head of foreign exchange, Flavio Figueiredo, clarified that the newly created role “brings together FX corporate and financialinstitutions sales”. Hewson has been with Citi for 20 years, assuming the global leadership of digital FX solutions in 2018 before becoming head of EMEA CSS in 2021.
Justin Llewellyn-Jones has been appointed chief operating officer, joining from Broadridge where he most recently served as chief product officer and head of capitalmarkets, North America (equities, FX and derivatives). Dariush Mirfendereski has been appointed head of inflation trading as part of MUFG’s rates trading team.
However, additional rate hikes may carry consequences of their own, as the ever-present threat of a recession exposes risks to equity investors, just when it seemed the market was moving past a potential banking crisis. [9] 9] With share prices of financialinstitutions under pressure, shareholder activists began circling the sector.
This is part of a wider effort to enhance transparency, oversight over short selling activities in the capitalmarkets. Most of the time, short selling plays a key role in price discovery by reflecting negative sentiments and providing information about market expectations,” chief executive of VoxSmart, Oliver Blower told The TRADE.
The firm’s most recent report refers to previous research in its ‘data automation: the workflow efficiency game-changer’ studywhich found that less than one third of those surveyed believed that capitalmarkets professionals are prepared for the T+1 go-live date.
Firms dealing with the incremental phases must take action now to prioritize process scalability to be able to handle this volume and avoid interruptions to the over-the-counter derivatives market. Accenture has extensive experience helping various global financialinstitutions comply with the uncleared margin rules.
Definition of the Money Market The money market is a subsection of the financialmarket where participants engage in the buying and selling of short-term debt securities. For instance, the short-term interest rates in the money market can influence the interest rates in the bond and foreign exchange markets.
CDOs are considered highly astute financial instruments Financial Instruments Financial instruments are certain contracts or documents that act as financial assets such as debentures and bonds, receivables, cash deposits, bank balances, swaps, cap, futures, shares, bills of exchange, forwards, FRA or forward rate agreement, etc.
The words of the release outlined what the key issue was - trust in a financialinstitution. On 17 May the company put out a press release stating that they have received an unqualified audit report. The stock rose sharply. You can find an archived copy of the press release here. Here is a direct quote: "We have delivered.
Over the past two decades, several critical financialmarket regulations have been implemented globally, particularly in response to the 2008 Global Financial Crisis (GFC). The years following 2008’s GFC experienced continued financial regulatory reform.
First brought to market in the early 80s the system has over the decades earned its title as the leading market data source and a must have for any financialinstitution looking to execute in the markets. For this reason, the system is favoured by institutional investors as opposed to individual ones.
Magnus Haglind, head of products for marketplace technology, Nasdaq The first wave of gen-AI use cases across capitalmarkets technology has sparked widespread energy and excitement about its future potential.
The firm added that the capital will “strengthen our position as an independent leader in AI-based data analytics for financialmarkets for some of the world’s leading financialinstitutions”.
Striking the right balance between fostering growth and innovation on one hand and maintaining regulatory oversight and financial stability on the other will be essential for advancing the region’s capitalmarkets and we look forward to Emir 3.0 helping bring this to life.
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