The TRADE

JULY 23, 2024

Pan-European trading venue for securities Spectrum Markets has welcomed Baader Bank as a new trading member. Nicky Maan Baader Bank has been trading securities for over four decades, offering its partners and institutional investors access to capital markets through integrated trading platforms.

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The TRADE

AUGUST 5, 2024

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.

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The TRADE

NOVEMBER 27, 2024

Conary’s capital markets 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 Capital Markets and the Boston Stock Exchange.

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The TRADE

NOVEMBER 2, 2023

Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East are collaborating to develop digital fixed income securities, with the aim to broaden capital market use cases in the Middle East. The collaboration will leverage ADX’s investment product knowledge and HSBC’s investment banking, capital markets and blockchain capabilities.

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The TRADE

AUGUST 24, 2023

to cover previously exempt proprietary trading firms. The move to increase the number of broker dealer firms registering with FINRA comes as the commission aims to promote fair, orderly, and more efficient markets. The post Majority of prop trading firms obliged to join FINRA under expanded SEC rule appeared first on The TRADE.

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The TRADE

APRIL 16, 2025

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 capital markets. The return of VWAP crossing?

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The TRADE

JUNE 5, 2024

Designed to rival the likes of incumbent exchanges Nasdaq and NYSE in the US, Texas Stock Exchange (TXSE) has raised $120 million from around a dozen investors including BlackRock and Citadel Securities in a funding round closed in May. The TRADE understands that BlackRock has taken a minority investment.

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The TRADE

SEPTEMBER 12, 2024

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!

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The TRADE

JANUARY 10, 2025

As fundamental, bottom-up investors, these investment teams are excellent strategic fits and bring seasoned talent to MIM. The post MetLife IM set to acquire investment teams managing $6 billion from Mesirow appeared first on The TRADE. Building businesses with investment talent is a core belief, said Jude Driscoll, president at MIM.

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Mergers and Inquisitions

OCTOBER 18, 2023

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 capital markets vs. investment banking. The questions usually go like this: Are capital markets teams (ECM, DCM, and LevFin) “real” investment banking?

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The TRADE

MARCH 11, 2024

BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses. Gould joined BNY Mellon after three years at RBC Capital Markets where she previously served as co-head of equities electronic sales and trading. The two will operate as co-CEOs until the end of the year.

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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. Discussing the aims of GIX, Labovitz tells The TRADE that it comes down to addressing all aspects of an exchange’s offering.

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The TRADE

SEPTEMBER 22, 2023

Cowen’s prime brokerage and outsourced trading business has been acquired by Marex just six months after TD completed its purchase of the business. Expanding our capital markets business also adds to our diversification and to the resilience of our franchise.” TD Bank Group completed its all-cash $1.3

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Business Standard - FInance

JUNE 25, 2023

The rupee traded almost flat at 81.95 against the US currency in the opening trade on Monday amid gains in local stocks and losses in the dollar against major rivals in global markets. against the dollar at the interbank foreign exchange market. The currency moved in a narrow range before trading at 81.95

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The TRADE

DECEMBER 27, 2023

Thus leading to a qualitative leap in the speed of trading at QSE. The post Qatar’s Edaa postpones T+2 switch until March appeared first on The TRADE.

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The TRADE

AUGUST 7, 2023

Its role and the way it interacts with institutional investors differs region to region. Looking into this sector, which is set to experience highly anticipated, yet arguably unpredictable, growth – note the GameStop saga of 2021 – The TRADE deep dives into some of the key considerations. Retail investing is an ever-evolving space.

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The TRADE

NOVEMBER 13, 2024

But what does the persistent evolution of AI mean for capital markets specifically? The world of trading, and investment generally, is littered with the remnants of now-redundant solutions once thought to be the ‘future’ of the industry.

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The TRADE

JUNE 23, 2023

The Mifid/r review forms a key base for the completion of a Capital Markets Union (CMU) that works for investors and issuers, a necessary element to ensure that EU capital markets across asset classes are more integrated and competitive globally.

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The TRADE

SEPTEMBER 7, 2023

European trade associations have published a joint statement urging EU policymakers to delete the proposed active account requirement under the European Market Infrastructure Regulation (EMIR 3.0). The associations emphasised that the proposal will ultimately harm European pension savers and investors.

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The TRADE

AUGUST 10, 2023

Virtu has entered into a strategic alliance with InvestorLink to offer retail investors better access to the primary markets. Read more – The relentless rise of retail trading: How can the institutional market join the dots to encourage investor access?

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The TRADE

JUNE 29, 2023

Cboe has expanded the trading period for in its high yield and investment grade corporate bond futures to nearly 24-hours per weekday to help investors manage their credit portfolios. Both new IBYO and IBGO options will be physically settled and will trade electronically on CFE during regular trading hours.

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The TRADE

JANUARY 2, 2024

We look forward to supporting our clients to participate in the Korean FX market both onshore and offshore.” ” Over more than 20 years, State Street has had a local presence in the country, with its Korean entity supporting global clients with trading Korean Won onshore.

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The TRADE

JUNE 24, 2024

These will be available to issuers and investors both within and outside of China. The capital markets in China are the world’s third largest fee pool, with further investment in the region and market expansion expected across the industry, asserted Mizuho.

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The TRADE

JULY 3, 2024

The shift to T+1 in the US can largely be described as a success – affirmation rates remain comfortably high, fail rates have stayed reasonably low and FX trades don’t appear to have shifted to bilateral settlement as feared. A few bps matter,” said Jim Goldie, EMEA head of capital markets, ETFs and indexed strategies, Invesco.

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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

APRIL 25, 2024

The creation of private rooms where members can trade bilaterally behind closed doors and the impact this would have on liquidity was a key theme addressed at TradeTech Europe 2024, with panellists discussing whether such methods can be considered fair and equitable. We talk a lot about retail and retail involvement in the market.

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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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Trading Asset Management Equities Retail 64

The TRADE

AUGUST 15, 2023

Not-for-profit business Plato Partnership and Brazilian regulated fintech SL Tools have jointly announced a plan to bring block trading opportunities to Brazil’s securities marketplace, The TRADE can reveal. The product is set to be up and running in Q1 2024, with all the licenses expected to be in place, The TRADE can reveal.

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The TRADE

AUGUST 14, 2023

The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) jointly proposed to introduce block trading through the China-Hong Kong Stock Connect scheme in a bid to create a mutual market access programme between the two jurisdictions.

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Trading Stock Capital Market Investors 52

Global Banking & Finance

MAY 7, 2024

Race for Europe’s first ‘real-time’ stock trade tape heats up By Huw Jones LONDON (Reuters) – Banks and asset managers are vying with Europe’s exchanges to develop technology that can deepen the pool of investors in the continent’s capital markets and better compete with Wall Street.

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The TRADE

JUNE 19, 2023

Hong Kong Exchanges and Clearing (HKEX) has launched its new Hong Kong Dollar (HKD)-Renminbi (RMB) dual counter model and a dual counter market making programme in its securities market – in a bid to expand trading of RMB-denominated Chinese stocks.

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The TRADE

JUNE 17, 2024

Over the past year, FINBOURNE has secured new clients across global investment management, banking and capital markets which it serves including Northern Trust, Omba Advisory and the Pension Insurance Corporation (PIC). The post FINBOURNE Technology raises £55 million in Series B funding round appeared first on The TRADE.

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The TRADE

AUGUST 30, 2024

Cboe, a global trading solution provider and market operator, will become a new shareholder of Japannext. The post Cboe Global Markets acquires minority stake in Japannext appeared first on The TRADE. SBI will transfer its 14.8% ownership interest in Japannext to Cboe, subject to regulatory approval.

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The TRADE

FEBRUARY 2, 2024

million in 2023, as investors shunned mid and small-cap stocks. Following this, Winterflood cut twenty positions across its London office, including six traders, as revealed by The TRADE. The post Marex hires in ex-Winterflood Securities equities trader appeared first on The TRADE.

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The TRADE

MARCH 19, 2024

Read more: Saudi Exchange makes push into algo and high frequency trading In a social media post Noelle Al-Jaweini, acting chief of derivatives, congratulated Yazaid H. The post Saudi Exchange welcomes Merrill Lynch to growing list of market makers appeared first on The TRADE.

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Growth Business

JULY 10, 2023

Hunt hopes the pension reforms will improve the funding environment for start-ups and make UK capital markets more attractive, following a trend by UK start-ups to list on NASDAQ over the London Stock Exchange such as Cambridge-based chip company Arm. But decisive action is now crucial to translate these proposals into reality.

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How2Exit

MAY 23, 2023

He then worked for what are called bulge bracket investment banks, mostly in the capital market space. By understanding the Jobs Act and utilizing the internet to raise capital, Richard and his partner Ken Margolis were able to create a platform that was ready to go the day the Jobs Act was enacted.

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