The TRADE

FEBRUARY 28, 2024

The global head of capital markets at German asset manager DWS, Keshava Shastry, has left the business, according to two people with knowledge of the matter, The TRADE can reveal. Prior to joining Deutsche Asset Management, Shastry was employed as head of capital markets at Credit Suisse Asset Management (CSAM).

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The TRADE

APRIL 19, 2024

BMO Capital Markets has appointed Harj Bagria within its electronic trading division, The TRADE can reveal. Most recently, Bagria held an EMEA equity trading 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.

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The TRADE

JANUARY 14, 2025

Capital markets technology provider Trading Technologies (TT) has moved to enhance its institutional clients visibility and agility in the equities markets 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.

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The TRADE

MAY 16, 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.

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The TRADE

APRIL 22, 2024

BMO Capital Markets 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.

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The TRADE

DECEMBER 5, 2024

Liquidity management service provider OptimX Markets has partnered with BMO Capital Markets to bring the firm’s institutional algorithmic trading flow to institutional buy-side trading desks in European markets.

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The TRADE

JANUARY 3, 2024

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. We see the entire post-trade space becoming more and more of a platform business. But we are seeing changes.

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The TRADE

FEBRUARY 29, 2024

The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2023, with considerable improvement across data and analytics, capital markets, and in particular, post-trade. year-on-year increase, while capital markets saw a 6.1% In capital markets, the 6.1% respectively.

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The TRADE

MARCH 15, 2024

JP Morgan Chase & Co has been issued with almost $350 million worth of fines and civil money penalties for inadequacies in its firm and client trade reporting program between 2014 and 2023. These gaps and deficiencies in JPMC’s trade surveillance program constitute unsafe or unsound banking practices,” the watchdog said in a statement.

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The TRADE

JANUARY 15, 2025

Novobanco and Nasdaq have expanded their technology partnership, wherein Novobanco will expand its use of Nasdaqs Calypso platform to support the banks entire capital market operations. Nasdaq Calypso currently supports Novobancos treasury workflows, spanning trade settlement to payment and accounting processes.

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The TRADE

JUNE 17, 2024

Nasdaq and the Indonesia Stock Exchange (IDX) have expanded their technology partnership which will see the former upgrade its core trading platform to Nasdaq’s most advanced matching engine. We believe this partnership will speed up the modernisation advancement of the Indonesia capital market while supporting sustainable economic growth.”

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The TRADE

DECEMBER 4, 2023

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.

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The TRADE

NOVEMBER 25, 2024

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.

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The TRADE

JUNE 19, 2024

UBS has appointed Carlos Salcedo head of capital markets financing sales Americas, according to an internal memo seen by The TRADE. The post UBS names new head of capital markets financing sales for Americas appeared first on The TRADE. Hosie took up the role on an interim basis in March.

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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

AUGUST 3, 2023

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.

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The TRADE

OCTOBER 21, 2024

The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2024. The winner will be decided by a live industry vote at The TRADE’s Leaders in Trading gala awards night on 7 November at The Savoy. Congratulations to this year’s shortlisted nominees!

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The TRADE

DECEMBER 1, 2023

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.

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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

MARCH 4, 2024

Tourmaline Partners has appointed Peter Murden as managing director – equity trading, 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 equity trading professionals at the firm.

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The TRADE

JUNE 25, 2024

Named Smart Markets, the new service will transform Euroclear’s data into interpretable insights to detect market movements, enhance trading models and build informed strategies. Smart Markets brings together raw data from market sources including Euroclear, which is then enriched, normalised and analysed automatically.

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The TRADE

AUGUST 1, 2024

The London Stock Exchange Group (LSEG) achieved a strong H1 according to results released on Thursday, with growth across capital markets, data and analytics, post-trade and its index business. “We The post LSEG capital markets revenues contribute to H1 growth despite ‘anticipated headwinds’ appeared first on The TRADE.

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The TRADE

OCTOBER 27, 2023

As part of a major scheme from the Monetary Authority of Singapore (MAS) to develop the region as a global FX trading hub, several large banks over the last few years agreed to develop FX pricing and trading engines in Singapore, in partnership with MAS. This year, the industry has seen interest in Singapore grow from the buy-side too.

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The TRADE

APRIL 29, 2024

The new desk is Investec’s first low touch offering based in London and comes off the back of increased client demand, The TRADE understands. Lowres joins Investec as head of electronic trading and execution strategy after almost 17 years with Liberum. Alongside him, Matthew West joins Investec as a global electronic sales trader.

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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

DECEMBER 14, 2023

” Read more: SEC adopts new short selling rule to bolster transparency for market participants The associations also made reference to other flaws, which overall go against the SEC’s stated aim of protecting investors and maintaining fair, orderly, and efficient markets.

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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. It enables the provision of on-demand intelligence, which is especially crucial in finance.

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The TRADE

MARCH 13, 2024

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.

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The TRADE

JANUARY 9, 2025

Winterflood Securities has become the latest liquidity provider to join OptimX Markets growing sell-side network. The liquidity provider will now be able to access institutional buy-side trading desks in the European markets directly via OptimXs platform. OptimX Markets is an institutional liquidity management platform.

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The TRADE

JANUARY 22, 2025

What has your journey to the trading desk been like? I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. I oversee the capital markets function and I assist in origination. Our public positions and investments have originated through a rigorous capital markets process.

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The TRADE

JUNE 26, 2024

CME Group has enhanced its partnership with Google Cloud as it plans for a new private cloud region and co-location facility in Illinois aimed at bolstering its markets offering for futures and options. Over the last three to four years significant investments have been made, and long-term partnerships forged across the market.

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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

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

JUNE 3, 2024

Societe Generale has moved to bolster its equity capital markets (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 equity capital markets team with three new hires appeared first on The TRADE.

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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

JUNE 1, 2023

The Stock Exchange of Thailand (SET) has launched a new trading system, alongside market data distribution and market surveillance systems, based on Nasdaq technology. The newly developed solution will support increasing transaction volumes and a range of investment products, while further enhancing the integrity of the market.

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The TRADE

DECEMBER 15, 2023

ESMA did, however, highlight that the reduction of time available for post-trade processes would be even more acute if the EU was to move to T+0. If a decision to move to T+1 is made, it will be necessary to define an appropriate timetable that generates industry momentum and provides clarity to market participants.”

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