The TRADE

JUNE 24, 2024

Mizuho Securities has taken steps to establish a securities company in China, having officially filed an application to the China Securities Regulatory Commission (CSRC). The post Mizuho unveils plans to establish securities business in China appeared first on The TRADE.

Securities 67

Securities Business Capital Market Capital 67

The TRADE

JUNE 5, 2024

BlackRock and Citadel Securities have moved to support a new Texas-based contender exchange headquartered in Dallas. The new exchange is now setting out plans to file for registration with the US Securities and Exchanges Commission (SEC). The TRADE understands that BlackRock has taken a minority investment.

Securities 109

Securities Investors Capital Raising Financial Institution 109

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. Aubry previously served as a credit trader at Mizuho and MUFG Securities.

Capital Market 62

Capital Market Capital Electronics Asset Management 62

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.

Capital Market 62

Capital Market Capital Financial Institution Trading 62

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.

Trading 62

Trading Banking Bank Retail 62

The TRADE

FEBRUARY 27, 2024

“Investing in Hong Kong’s first-ever digitally native bonds and transacting repo trades with the bonds as collateral has been a smooth process,” said Bryan Wong, general manager and head of treasury markets division of BEA.

Trading 109

Trading Banking Bank Capital Market 109

The TRADE

MARCH 4, 2024

The European Securities and Markets Authority (ESMA) published a consultation paper in December 2023 on the CSDR penalty regime seeking input on amendments which may include cash penalties that increase with the length of the settlement fail. On the latter, some associations felt the proposal would make Europe a less attractive market.

Securities 96

Securities Trading Capital Market Consulting 96

The TRADE

FEBRUARY 2, 2024

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.

Equities 57

Equities Securities Capital Market Trading 57

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.

Electronics 70

Electronics Portfolio Trading Sale 70

The TRADE

MAY 15, 2024

BNY Mellon has today announced the integration of Global Markets Trading (GMT), which will combine the firm’s capabilities in foreign exchange, fixed income, equities and capital markets to provide full-service client provisions.

Trading 67

Trading Asset Management Capital Market Broker 67

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%

Trading 110

Trading Acquisitions Capital Market Book-building 110

The TRADE

OCTOBER 12, 2023

UK-based Marex has joined the Australian Securities Exchange (ASX) as futures clearing and trading participant with the move slated to increase competition within the currently heavily concentrated market. The post Australian Securities Exchange welcomes Marex as futures clearing participant appeared first on The TRADE.

Securities 52

Securities Capital Market Trading Risk Management 52

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.

Trading 52

Trading Securities Investors Business 52

The TRADE

APRIL 3, 2024

The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) are working together to operate a new Digital Securities Sandbox (DSS) – a regime that will allow firms to use developing technology in the issuance, trading and settlement of securities.

Securities 67

Securities Banking Bank Financial Market 67

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.

Trading 113

Trading Utilities Sale Business 113

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.”

Stock 113

Stock Architecture Capital Market Trading 113

The TRADE

AUGUST 24, 2023

The Securities and Exchange Commission (SEC) has moved to expand the remit of national securities associations such as the Financial Industry Regulatory Authority (FINRA). to cover previously exempt proprietary trading firms. The rule has divided the market, with conflicting opinions on the benefits of such a move.

Trading 98

Trading Proprietary Trading Broker Securities 98

The TRADE

JANUARY 11, 2024

Merlo added: “Argentina’s capital market has been subject to periods of substantial increases in transaction volumes, which has put pressure on its own technological infrastructure. The post Argentinian CSD launches Nasdaq-backed technology platform to upgrade post-trade infrastructure appeared first on The TRADE.

Trading 57

Trading Capital Market Capital IT 57

The TRADE

FEBRUARY 9, 2024

As the evolution of digital assets as a distinct class continues to accelerate, the FIX Trading Community is set to establish specific standards for the area, focusing on three core pillars: interoperability, regulation and distributed ledger technology (DLT) application.

Trading 62

Trading Capital Market Financial Services Capital 62

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.

Trading 113

Trading Business Acquisitions Capital Market 113

The TRADE

AUGUST 7, 2024

Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capital markets 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.

Trading 57

Trading Management IT Investment Manager 57

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.

Trading 57

Trading Broker Funds Investment Manager 57

The TRADE

FEBRUARY 13, 2024

Nasdaq has secured its first anchor client in Thailand as it looks to expand its Nasdaq Risk Platform into Asia. The deal builds on an existing relationship between the pair, with KKPS already using Nasdaq’s Trade Surveillance technology.

Securities 52

Securities Broker Trading Capital Market 52

The TRADE

AUGUST 21, 2023

Smith brings more than 30 years’ experience in the capital markets sector to the role, having worked in various exchanges and regulators, alongside helping develop market and industry standards. He joins from ED&F Man Capital Markets, a company he founded.

Trading 52

Trading Electronics Sale Equities 52

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

Trading 62

Trading Business Mergers and Acquisitions Capital Market 62

The TRADE

JULY 3, 2023

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.

Trading 62

Trading Investment Banking Bank Banking 62

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 post Trade associations urge policymakers to delete active account proposal under EMIR 3.0 appeared first on The TRADE.

Accountant 62

Accountant Trading Funds Finance 62

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.

Trading 52

Trading Stock Investors Capital Market 52

The TRADE

SEPTEMBER 2, 2024

Cboe Europe has announced the support of a range of participants for its new trading service Cboe BIDS VWAP-X. Early adopters of the new trading service include Bernstein, BNP Paribas, BMO Capital Markets, Instinet Europe, Jefferies KCx and Virtu Financial.

Trading 62

Trading Equities Electronics Capital Market 62

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.”

Trading 117

Trading Capital Market Capital Hospitality 117

The TRADE

AUGUST 23, 2023

Northern Trust has promoted from within for its new head of global foreign exchange within its capital markets business. Dane Fannin has been named global head of global foreign exchange (GFX) and securities finance. He originally joined the bank in 2006 in a securities lending role. “We

Capital Market 52

Capital Market Finance Finance Capital 52

The TRADE

DECEMBER 27, 2023

Marex to acquire Cowen’s prime brokerage and outsourced trading business from TD At number ten was a story broken by The TRADE in September, news that Cowen’s prime brokerage and outsourced trading business had been acquired by Marex just six months after TD completed its purchase of the business. He will report to Blatch.

Acquisitions 109

Acquisitions Trading Mergers and Acquisitions Capital Market 109

The TRADE

MARCH 12, 2024

Digital Asset’s blockchain network Canton has completed a pilot involving a large group of major investment banks and asset managers demonstrating interoperability of independent distributed ledger applications (dApps) in the capital markets domain.

Asset Management 117

Asset Management Investment Banking Management Bank 117

The TRADE

DECEMBER 28, 2023

UBS shakes up execution services management team structure People moves are always one of our biggest draws in readership, and in October, UBS’ plans to make changes within its execution services business , specifically the electronic trading area, became one of most read stories of the year.

Asset Management 67

Asset Management Electronics Trading Equities 67

The TRADE

APRIL 8, 2024

Jefferies appointed Joram Siegel as managing director, head of fixed income outsourced trading. Siegel joined Jefferies from Marex, where he spent the last four months serving as head of fixed income outsourced trading. Other previous tenures include credit trading roles at both Barclays Investment Bank and Credit Suisse.

Trading 62

Trading Asset Management Sale Investment Banking 62

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.

Funds 67

Funds Investment Manager Capital Market Investment 67

The TRADE

OCTOBER 13, 2023

Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG), The TRADE can reveal. The change marks a move away from the buy-side for Worrell who has an extensive equity trading career.

Trading 57

Trading Sale Capital Market Equities 57