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The Association for FinancialMarkets in Europe (AFME) has appointed April Day head of capitalmarkets. As part of the role, she oversaw equity capitalmarkets (ECM), trading and post-trade activities. She also brings extensive experience in investment banking and capitalmarkets to the new role.
At Accenture’s capitalmarkets team, we’ve completed a research project into the future of capital raising. The results should be of interest for anyone in the industry—for both public and private markets. We were keen to develop some insights into the evolving landscape of financialmarket infrastructure.
This report provides new evidence on the financial constraints faced by companies as they enter the crucial scale-up phase. The analysis follows firms that received venture capital backing and reached the scale-up phase in the European Union after 2013.
Particularly, as overly prompt dissemination of trade information could lead to a negative impact on market liquidity. The associations noted that distinguishing between investment grade (IG) and high-yield (HY) corporate bonds is a key component to tap into greater transparency in more liquid bonds, while ensuring protection for those bonds.
As a financialmarket infrastructure with a track record of providing high quality settlement services to the world’s leading financial institutions, we are well positioned to drive innovation in the industry and to improve efficiency in the market as a whole.”
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 capitalmarkets domain.
According to the businesses the specialised platform for capitalmarkets is an industry first, with development already underway beginning with customer testing in the Dallas Google Cloud region. Over the last three to four years significant investments have been made, and long-term partnerships forged across the market.
The Qatari CSD Edaa has postponed the reduction of the settlement period from T+3 to T+2 until March 2024, in coordination with the Qatar FinancialMarket Authority (QFMA). Sheikh Saif bin Abdullah Al-Thani, CEO of Edaa, indicated that the deadline was granted so that market participants, financial intermediaries and custodians could update their (..)
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%
Why are these cloud providers – hugely profitable in their own right – injecting money into exchanges and seemingly competing for market share across the capitalmarkets landscape in order to assist the trading ecosystem with their shift? But we must ask ourselves – why? Subsequently, liquidity follows.
Liquidnet brings knowledge and experience in capitalmarkets to the Partnership and will play a crucial role in shaping and informing Plato’s initiatives within capitalmarkets, the organisation said.
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 Panel is an independent statutory body, set up to provide advice and challenge from the point of view of financialmarket participants, and in order to provide input to the FCA to help it in meeting its strategic and operational objectives,” Aquis Exchange said in a statement on social media. Congratulations Alasdair!”
Examples of financial instruments which could be issued and traded in the DSS include equities, corporate and government bonds, and money market instruments. Derivative contracts based on those securities can also be written, with those activities still being required to comply with the regulations that govern them. “The
However, while many market participants agree the compromise is a long-awaited breath of fresh air, others disagree. Among them is the Association of FinancialMarkets in Europe (AFME) that has noted that some aspects of the deal are likely to lead to suboptimal outcomes due to the lack of clarity on the inclusion of pre-trade data.
David Tamburelli, global head of content acquisition at Bloomberg, highlighted how important BSE is within Chinese financialmarkets and praised the progress it has facilitated through increased transparency of operations and contributing to the increase in the number of listed companies and supporting data.
We will continue to build on the experience Aquis has in creating and facilitating next-generation financialmarkets with the reliability, global presence, and security of AWS to help Aquis continue to expand and seamlessly transact billions of dollars in trades per day.”
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. financialmarkets. financialmarkets are on notice—The era of evasive communications practices is over.
What impact has digital assets had on traditional financialmarkets? If we were having this conversation just three months ago, I’d tell you that the digital and traditional markets are operating in entirely different universes. Tokenisation can bring many benefits to nearly every corner of the financialmarkets.
Former Northern Trust sales trader Maddy Davies has joined Liontrust as a trader in its multi asset trading team, The TRADE can reveal. Davies joins Liontrust following a two-year stint at Northern Trust.
In addition, regulators globally are continuing to pile the pressure on exchanges to maintain the stability and resilience of the financialmarkets. Some significant events so far this year has seen major trading disruption events and led to calls from all corners of the capitalmarkets sphere for stronger infrastructure.
The London Stock Exchange Group (LSEG) and capitalmarkets trading and risk solutions provider Murex have expanded their connectivity to enhance real time data services for their clients. Following the expanded connectivity, Murex’s MX.3 Stuart Brown, group head of enterprise data solutions at LSEG, said: “MX.3
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. Importance of the Money Market Money markets provide a stable environment for economic entities to manage their short-term funding requirements.
Named FIX Wizard and built on Imandra’s neuro-symbolic architecture, the new offering automatically reasons complex financial protocols and APIs, serving as an AI assistant for onboarding clients in capitalmarkets.
Euronext Clearing is now the pan-European clearing house for Euronext cash markets and with the move is set to foster a unified European financialmarket and ecosystem. The offering clears around two million transactions on a daily basis for its 52 European and local clearing members.
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.
Economic and Market Changes : Fluctuations in the market or economy can impact the timing and success of an M&A deal, particularly if the process coincides with a downturn in the tech sector or broader financialmarkets.
A panel of industry experts convened for a joint webinar from the Depository Trust and Clearing Corporation (DTCC) and the Association for FinancialMarkets in Europe (AFME) on a ssessing the current settlement efficiency landscape.
In the constantly evolving financialmarkets 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.
But what does the persistent evolution of AI mean for capitalmarkets specifically? Speaking to The TRADE, Timothee Consigny, chief technology officer at H2O Asset Management, asserts that there is a definite place for artificial intelligence within capitalmarkets and the time for adoption is now. “[Gen-AI]
Industry Person of the Year 2024 shortlist: James Baugh, managing director, head of European market structure, TD Cowen James Baugh is an industry stalwart, having worked in the financialmarkets for over 25 years. Prior to joining BNY, she was the co-head of equities electronic sales and trading EMEA for RBC CapitalMarkets.
Among those to have responded have been the International CapitalMarket Association (ICMA), International Securities Lending Association (ISLA) and the Association of Global Custodians (AGC). In addition, the move was put into the context of a possible shift to T+1 in Europe, along with the CapitalMarkets Union.
Inevitable comparisons were drawn between European and US markets in relation to ETF at TradeTech this week – a discussion point seen across many of the event’s panels across several other aspects of the European capitalmarkets.
Read more: European Council and Parliament reach milestone Mifid compromise on consolidated tape and PFOF On Friday, the Association for FinancialMarkets in Europe submitted its response to the FCA’s consultation paper, welcoming the FCA’s initiative to embed the framework encouraging the development of a CT in the UK.
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.” 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.
Graham Dick, market structure analyst, Aquis Exchange, added: “It is extremely good news that the European Parliament, Commission and Council have agreed on the creation of a consolidated tape for European equities.
Dynamic, deep and liquid, capitalmarkets are instrumental in achieving Europe’s ambitions in delivering green and digital transitions.” Dynamic, deep and liquid, capitalmarkets are instrumental in achieving Europe’s ambitions in delivering green and digital transitions.” Read more: If you build it, will they come?
The buy-side are “aware and worried” as the US shift to T+1 looms closer and the testing phase begins globally, a panel held by the Association for FinancialMarkets in Europe (AFME) has said. Panellists raised concerns over FX, settlement fails, and potential regulatory hurdles during the webinar held by AFME on 27 June.
This is hopefully something we will see addressed by the UK consolidated tape proposals, as venue attribution is incredibly important to provide transparency to investors around which venues are displaying best execution at a given point in time,” said Jim Goldie, head of EMEA ETF capitalmarkets at Invesco.
The regulator notes that any subsequent decision “needs to be based on a proper assessment of the costs and benefits that such a change would bring to all users of financialmarkets in the EU”. Commenting on the opening of the call for evidence, Pete Tomlison, director of post-trade at the Association for FinancialMarkets in Europe (AFME), said (..)
Its black background and computerised white text might seem a little out of date to individuals outside of the industry but its role in the financialmarkets has cemented this interface as a poster child for financial services. For this reason, the system is favoured by institutional investors as opposed to individual ones.
EU asset managers, banks and brokers are urging policy markets not to succumb to pressure that could potentially lead to suboptimal outcomes in the Markets in Financial Instruments Directive (Mifid/r) review.
Catalyst Capital Group Inc. On August 19, 2019, Catalyst Capital Group Inc. (“ Catalyst ”) announced its receipt and acceptance of 10.05% of Hudson Bay Company’s (“ HBC ”) outstanding common shares. The public interest jurisdiction of the regulators is broadly interpreted. and Hudson’s Bay Co. per share (the “ Mach Offer ”).
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.
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