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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. We are delighted to appoint April as our new head of capitalmarkets.
As ESMA’s review of European Union’s post-trade transparency regime enters its final stage, European trade associations have stressed the importance of credit ratings in underpinning the success of the EU post-trade transparency framework for corporate bonds.
Hedge funds are significant players in financialmarkets given the size of their capital bases and the frequency of their trading. One widely cited estimate is that hedge funds account for around 5-6% of total equity trading volume in the US. Citadel Securities is one of the leading market-makers in the world.
The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2024. 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.
In the dynamic realm of the financialmarkets, the introduction of technology has proven to be a catalyst for transformative change, overhauling existing trading strategies. Among the wide range of advancements, algorithmic trading has revolutionised how financial instruments are bought and sold.
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%
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.
The international currency tradingmarket, or Forex, generates $4 trillion in turnover each day. These impressive figures undoubtedly place Forex first among global financialmarkets. It is popular among both beginners who are just learning the fundamentals of trading and professionals.
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.
Union Investment’s Christoph Hock is set to step away from his role as head of multi-asset trading later this year to pursue an opportunity in digital assets and tokenisation within the asset management firm, as revealed by The TRADE. Poilvet-Clédière brings over 15 years’ experience in financialmarkets to the role.
Terry Duffy The plan is to build a new private Google Cloud region to support CME Group’s global trading, offering derivatives traders access to “cloud-based, ultra-low-latency networking and high-performance computing”. Recent times have seen a swathe of investments from major cloud providers into leading exchanges.
But what does the persistent evolution of AI mean for capitalmarkets 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.
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.”
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.
Access to high quality data is crucial but thanks to innovation and AI we are now able to enhance foreign exchange trading workflow in a most efficient way. Human capital remains highly valuable and being able to leverage automation coupled with human insight can have a huge value add.
Former Northern Trust sales trader Maddy Davies has joined Liontrust as a trader in its multi asset trading team, The TRADE can reveal. The post Liontrust adds former Northern Trust sales trader to its multi asset trading team appeared first on The TRADE.
LSEG clients will be able to continue using historical, quantitative FTSE Russell indices through AWS, which is expected to address challenges of time-to-insight and operational costs by allowing for deep access to market trends and patterns. The move allowed Murexs MX.3 The move allowed Murexs MX.3
The London-based trading team at Ninety One has a very particular set of skills. The active investment manager specialises in emerging and frontier marketstrading across fixed income, credit and specialist equities. Gibson is a seasoned trader with an extensive career in markets.
Peter Welsby, head of European FICC trading, Manulife Investment Management Regulation will continue to direct market trends in 2 024, just as it has in recent years. In fixed income, focus will remain on data transparency and whether consolidated tapes would be beneficial or detrimental to liquidity in the EU and emerging markets.
Outsourced trading solutions firm, Tourmaline Partners, has hired three new seasoned financialmarkets executives as managing directors to help strengthen its global trading capabilities, The TRADE can reveal. It could be said that Europe was slow to adopt our version of supplemental trading.
We have seen new entrants into the block space in 2023, and I see further appetite in 2024 as buy-side traders seek safer and larger block liquidity – I foresee “superblock” venues and an increase in capital provision. The post The TRADE predictions series 2024: Market volatility appeared first on The TRADE.
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.
Following last week’s agreement, a real-time EU-level consolidated tape for a range of assets traded in the EU will be established, including key information such as the price of instruments and the volume and time of transactions. Data from all trading platforms will be included in the consolidated tape. told The TRADE.
The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2023. The winner will be decided by a live industry vote at The TRADE’s Leaders in Trading gala awards night on 8 November. Congratulations to this year’s shortlisted nominees!
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. The DSS is expected to open applications in the summer of 2024.
Among those to have responded have been the International CapitalMarket Association (ICMA), International Securities Lending Association (ISLA) and the Association of Global Custodians (AGC). ICMA commented that progressive penalties introduces unnecessary stress to a market that is most likely already facing liquidity challenges.
The new service will bring OTC cash equities trades into Cboe Clear Europe’s cleared environment, which can then be netted against on-exchange transactions for settlement purposes. Creating a link between DTCC’s Institutional Trade Processing (ITP) central matching service, CTM, makes up the first part of the joint initiative.
Bloomberg and Hong Kong Exchanges and Clearing (HKEX) have enhanced their Swap Connect solutions to better facilitate global investments in China’s onshore interbank interest rate swap (IRS) markets. Swap Connect is the OTC derivatives trading link between Mainland China and Hong Kong, which allows market participants to trade IRS.
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. The post Plato Partnership admits Liquidnet as strategic partner appeared first on The TRADE.
The aftermath of 2022’s high volatility – which peaked in Q4 – has led firms to increase the degree to which they hedge, with the market acutely aware of the persistent threat of significant geopolitical situations across the globe. Specifically, the combination of rising interest rates, high inflation and geopolitical uncertainty.
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!”
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.
Read more: Outsourced trading desk Tourmaline gains majority investment Speaking to Goodman’s departure, Aaron Hantman, chief executive of Tourmaline, told The TRADE: “We see an even healthier sales pipeline right now and want the head trader role in the US to be a more commercially focused role.” He is a terrific trader. Moving
Innovation is inevitable as market participants continually seek to enhance their operations across the board, and stock exchanges and trading venues are perhaps some of the most prominent advocates of embracing emerging technological advancements.
Speaking to The TRADE, Adrian Ip, managing director at Aquis Technologies, said: “We are pleased to be the first regulated exchange in a major jurisdiction to adopt pure cloud for the matching engine, but we fully expect to see other exchanges follow suit.
The move is in collaboration with e-trading solutions provider IPC. 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. JSE has enhanced its Teraco data centre, bolstering its Colo 2.0
The watchdog’s focus will be on a single consolidated tape provider per asset class, which could help ensure that associated data costs remain low alongside addressing the existing fragmentation of post-trade transparency data. The UK tape’s revenue and sharing model and its inclusion of pre- and post-trade data have not yet been confirmed.
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.
Imandra’s vice president of sales Dan Squires has departed for pastures new after less than a year in his new role, The TRADE can reveal. Squires joins Saxo Bank’s trading platform provider subsidiary Saxo Markets as its new head of UK sales after spending the last 10 months at Imandra, according to an update on his social media.
Everyone was locked up inside, and many turned to day trading for entertainment and money (in between binge-watching shows on streaming services). And yes, Melvin Capital and Robinhood emerged as losers following these events, but other big firms, such as Citadel and Silver Lake, became winners because they made different decisions.
But running through the Brighton born and bred Papanichola’s veins is an activist streak that has continued to influence his decisions and shape the course of his career to date, ultimately leading him to his current role as head of trading at London-based activist hedge fund, Bluebell Capital Partners.
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.
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