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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. He began his career as a junior portfolio manager at RSA covering US equities.
BTIG has made two key appointments including promoting Troy Donohue to head of Americas portfoliotrading and hiring Henri Taylor as director within electronic trading sales. Elsewhere, Taylor brings over 20 years’ experience in electronic trading sales to the firm.
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.
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.
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 equity trading and global equity capitalmarkets role.
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.
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.
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 was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. I oversee the capitalmarkets function and I assist in origination.
Gil Guillaumey The offering offers new methodology to conduct investment portfolio risk calculations and produce predictive analytics, based on advanced machine learning. Nasdaq has integrated AI into its Calypso platform to enhance bank and insurance risk calculations, in a move set to process risk calculations up to 100 times faster.
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
Barclays selected an internal candidate and a new hire from BNP Paribas to become its new co-heads of G10 FX trading. New co-heads Torsten Schöneborn and Jerry Minier will be London-based, reporting to Michael Lublinsky, global head of macro, according to an internal memo seen by The TRADE. His next role is unconfirmed.
Kerim Acanal, global head of emerging markets, Tradeweb The request-for-market (RFM) protocol will continue to be the next frontier for electronic trading in emerging markets. This is illustrative of the markets’ protocol preferences changing, and RFM proving its worth as an important tool.
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.
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capitalmarkets for decades in some form or another. However, an undeniable surge has occurred across the trading sphere over the last few years, with decidedly mixed results. And the number is climbing.
Smith brings more than 30 years’ experience in the capitalmarkets sector to the role, having worked in various exchanges and regulators, alongside helping develop market and industry standards. He joins from ED&F Man CapitalMarkets, a company he founded.
State Street Global Advisors (SSGA) equity and derivatives trader Rikki Corbyn joined Barclays in a program trading role. He joins Barclays after almost 12 years with SSGA, originally joining the firm in 2013 in a trade support role before moving into an equity and derivatives trading role in 2016.
BTIG made two key appointments including promoting Troy Donohue to head of Americas portfoliotrading and hiring Henri Taylor as director within electronic trading sales. Elsewhere, Taylor brings over 20 years’ experience in electronic trading sales to the firm.
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.
He most recently served as an investment manager at ADQ and before that spent two and a half years as a senior trader and portfolio manager at Azimut. In his career, Diallo has also worked as an equity trader at Avalon CapitalMarkets. The post Magellan Capital appoints new multi-strategy trader appeared first on The TRADE.
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.
UBS selected one of its newly acquired Credit Suisse staff to replace its retiring global head of execution services, Brent Johnson, according to an internal memo seen by The TRADE. He began his trading career at UBS in Hong Kong. Livingstone previously served as head of trading – FX and ETFs at Tavistock Investments.
RBC appointed two former Credit Suisse senior algorithmic trading individuals to join its low touch electronic sales and trading team. Also appointed to the low touch sales and trading team at RBC is Suzanne Webster, who joined as a multi-asset director. He joined from Luminex where he most recently served as head of sales.
Avelacom has expanded its low latency solution portfolio through enabling access to the Brazil Stock Exchange (B3), providing clients a direct market access port to B3’s matching engine. Through RCB’s connectivity method, Avelacom has gained access to all of B3’s markets, including equities, derivatives, digital assets, and OTC.
With ETFs increasingly becoming more popular in Europe, panellists at TradeTech highlighted fragmentation and regulation as two key pain points that need to be addressed going forward in order to boost growth in the trading segment. Investors have different demands – what they want, how they want to trade and settle.
He most recently served as global head of ETF product, having initially joined Goldman Sachs Asset Management back in 2017 to build out the US fund strategist model portfolio business. Gray joined Liquidnet from Morgan Stanley, where he served as a managing director, responsible for convertible bond sales, trading risk and research.
RBC has appointed Guy Chalkley as managing director, UK flow rates sales, according to an internal memo seen by The TRADE. Chalkley brings more than three decades worth of financial services to the role, in both portfolio management and rates sales. Before joining RBC, Chalkley spent 11 years at NatWest Markets.
Northern Trust has promoted from within for its new head of global foreign exchange within its capitalmarkets business. GFX covers institutional FX solutions across liquidity, trading, transaction processing, outsourcing, eFX, currency management, and custody.
Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. His experience also encompasses hedge fund related roles, including futures and options trading and work on a fixed income desk.
The pandemic marked a seminal moment across the capitalmarkets, effectively drawing a line between the old world and the new. Outsourced trading is no longer a taboo topic. In fact, it is now firmly a part of the institutional trading ecosystem,” says Dragan Skoko, head of outsourced trading and xBK at BNY Mellon.
David Kirk is set to join Millennium, following almost three and a half years at Marble Bar Asset Management where he most recently served as a trader, The TRADE understands. Kirk joins the capital management firm with experience working as a trader on both the buy- and sell-side.
“A profound change we have seen in the capitalmarkets over the past few years has been the rise in interest rates, rising cost of capital, and what that’s led to is corporate boards and management teams reassessing effectively what they are the optimal owners of,” Dubner said.
UBS appointed Carlos Salcedo head of capitalmarkets financing sales Americas, according to an internal memo seen by The TRADE. He joined Northern Trust in 2007 and has since worked in senior roles across portfolio management, client management and sales.
We want them to live within the asset classes they serve because, as was the case previously, understanding of the mechanics, the pay-outs, the markets, the margining processes are still super important, but derivatives are far less exotic than they have been.
Virtu Financial has appointed Simon McGhee in an exchange-traded product (ETP) and fixed income sales role, The TRADE can reveal. Before joining Bluefin, McGhee held an iShares capitalmarkets role at BlackRock for three years. While at Bluefin, McGhee most recently served as a partner – a position he held for 10 months.
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.
Invesco’s US-based global head of fixed income trading Glenn Taitz left the firm to join Adroit Trading Technologies. Taitz joined buy-side OEMS provider Adroit as its head of business operations after seven and a half years with Invesco helming its fixed income trading business. He was also at Merrill Lynch for eight years.
LiquidityBook is set to acquire boutique capitalmarkets fintech provider, Messer Financial Software, in a bid to accelerate its multi-asset capabilities. As a result, LiquidityBook’s LBX suite has become a full-featured Portfolio, Order and Execution Management System (POEMS) with an embedded FIX network.
Walker originally joined LSEG in 2018 and has since served as head of equity and fixed income primary markets. Before joining LSEG, Walker worked within JP Morgan Cazenove’s equity capitalmarkets team, where he was responsible for originating and executing equity transactions.
The deal builds on an existing relationship between the pair, with KKPS already using Nasdaq’s Trade Surveillance technology. Nasdaq’s platform provides a live view of risk across proprietary and client tradingportfolios – new functionality added at the start of Q2 last year to help traders manage extreme market conditions.
A friend suggested I consider investment banking and following a trading and sales summer placement at ABN AMRO in the City, I was instantly captivated – I had found my fit. I spent eight years on the sell-side in various fixed income trading roles, before jumping to the buy-side, and to BlackRock, where I am today.
As the leaves begin to fall from the trees, The TRADE Magazine is back for its autumnal third quarter edition. It’s a well known fact that markets globally orbit the US. Also included in this edition are the results from The TRADE’s annual Execution Management Systems Survey.
RBC’s co-head of European electronic sales and trading, Bianca Gould, is set to leave the bank after almost three years, as part of streamlining measures. Gould joined RBC CapitalMarkets in October 2020 to co-lead its European low touch sales and trading business alongside Chris Parker, who has been in the role since 2011.
First, orders from various portfolio managers are staged and aggregated before being electronically routed to InvestorAccess. The benefit we are jointly providing to portfolio managers and traders will create greater efficiencies across asset classes as capitalmarkets become increasingly electronic.”
We see this evidenced, for example, in their use of our data science solutions that allow them to digitize their investment processes, or combine trade data with behavioural science to identify decision patterns over time.
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