The TRADE

MAY 28, 2024

Commerzbank has moved to simplify and streamline its cross-asset trading with a migration onto Murex’s MX.3 The bank has migrated its foreign exchange, commodities, derivatives, and equities onto the platform in a bid to simplify risk and trading. 3 platform. TeamTek and Infosys assisted in the migration.

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The TRADE

NOVEMBER 5, 2024

Not-for-profit member organisation Plato Partnership has announced new standards for managing cash equities market outages. Among the five proposed standards is the communication of order and trade status, in which trading venues are obliged to communicate order and trade status to members within 30 minutes of an outage.

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The TRADE

APRIL 16, 2024

Adaptive has partnered with Kepler Cheuvreux’s execution division KCx to develop an event-driven trading system based on Aeron and its own Hydra technology. The new system builds on KCx’s algorithmic trading capabilities by connecting its global equities trading ecosystem via a new sequencer-based technical architecture.

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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. He added: “In capital markets, we are collaborating more extensively with Tradeweb, creating new avenues for growth. In capital markets, the 6.1%

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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

JULY 10, 2024

Honor Woods has been appointed equity trader at RBC BlueBay Asset Management, based in London. Woods has previous experience working in the institutional equity trading team at AB Bernstein. He was recognised as a Rising Star of Trading and Execution by The TRADE at Leaders in Trading 2023.

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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.

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The TRADE

MAY 22, 2024

Cboe Europe Derivatives (CEDX) has welcomed Interactive Brokers as a participant, providing its clients with access to CEDX’s equity index derivatives and equity options this quarter. In November last year, CEDX expanded into equity options, with future expansion of these products in Q1 2024.

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The TRADE

JANUARY 31, 2024

The BlackRock EMEA equity trading team picked up The TRADE’s highly coveted Trading Desk of the Year, Long-Only award at the Leaders in Trading 2023 event in November. And that is exactly what the London-based trading team embodies. Every day is different, and markets are evolving at a phenomenal pace.

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The TRADE

APRIL 17, 2025

MIAX Futures will list MIAX Bloomberg 500 Index futures, subject to certain filings with the Commodities Futures Trading Commission (CFTC). The launch of MIAX Bloomberg 500 Index futures will make the product the first financial future to be traded on the MIAX Futures Onyx platform, pending filing with the CFTC.

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The TRADE

OCTOBER 7, 2024

Edgar Castel is set to join Nordea as an equity trader following almost five years at Candriam, The TRADE can reveal. Castel most recently served as a trader focused on equities (cash and swap), foreign exchange, and listed derivatives. He will begin his new role as of 1 November, based in Denmark, The TRADE understands.

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The TRADE

OCTOBER 7, 2024

The TRADE is delighted to announce the Rising Stars of Trading and Execution for 2024, in collaboration with Instinet – a celebration of up and coming talent on the buy-side. Please join The TRADE and Instinet in recognising this year’s Rising Stars of Trading and Execution for 2024.

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The TRADE

OCTOBER 26, 2023

UK-based boutique fixed income trading desk BlueBay Asset Management is beginning a new chapter in its life. The move has opened up swathes of synergy opportunities for the pure fixed income asset manager, with its traders now working directly alongside RBC BlueBay Asset Management’s equities desk.

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The TRADE

SEPTEMBER 3, 2024

Appital has expanded its European equity coverage to more than 21,000 equities across 24 European countries with the addition of Virtu Financial’s POSIT MTF as a European execution venue. The post Appital expands European equity coverage through addition of Virtu Financial’s POSIT MTF appeared first on The TRADE.

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The TRADE

JULY 19, 2023

Japan’s MUFG and Morgan Stanley have signed a Memorandum of Understanding (MoU) to collaborate on their foreign exchange offerings in a bid to further enhance their respective trading businesses. Additionally, the Japan equity underwriting business is also set to be optimised.

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The TRADE

DECEMBER 2, 2024

Liquidnet has made three new hires into its European Execution & Quantitative Services (EQS) team as it seeks to grow its execution offering across the region, The TRADE can reveal. EQS advises Liquidnet’s buy-side members on topics including trade analytics, algorithmic strategies, and quantitative products and services.

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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. The cross collaboration and working with all of the other business units is one of the biggest opportunities. “The TD Bank Group then agreed to acquire Cowen in August 2022.

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The TRADE

SEPTEMBER 19, 2024

Named DataScope Warehouse, the new solution offers cloud-based access to LSEG’s fixed income and equity data records. Cloud collaboration is also facilitated by the solution, offering access to LSEG data via any cloud partner. The post LSEG launches new cloud-based enterprise data solution appeared first on The TRADE.

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The TRADE

JULY 3, 2023

Market maker DRW Holdings is set to expand into the Hong Kong market for the first time with a new trading desk, The TRADE can reveal. Trading desk wise, the team will start off fairly small, as some trading strategies can take up to three to six months to develop.

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The TRADE

JUNE 2, 2023

Edouard Petitcollot Candriam has overhauled its global trading structure in a bid to refocus its attention on more complex and high touch trading strategies, The TRADE can reveal. Edouard Petitcollot will lead the operation as global head of trading. High touch trading can be renewed.

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The TRADE

FEBRUARY 26, 2024

Pan-European equities trading division of Aquis Exchange, Aquis Markets has launched conditional order functionality across the UK and EU platforms. Users have a 300 micro second time limit to proceed with the trade and accept the invite.

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The TRADE

AUGUST 10, 2023

Rebecca Scott has been named global head of equity over the counter (OTC) settlements at Morgan Stanley, following promotion from executive director. She previously held the position of EMEA head of equity OTC settlements and vice president of operations, focused on equity derivatives and cash settlements.

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The TRADE

JULY 17, 2023

RBC Capital Markets has appointed Giles Gleave and Mike Heraty as its newest managing directors, according to an internal memo seen by The TRADE. Heraty is set to take on the role of head of US equity solutions and structured product sales, whilst Gleave has been appointed as head of European equity solutions.

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The TRADE

JANUARY 14, 2025

UK asset manager Liontrust Asset Management is exploring outsourcing parts of its trading to BNY, according to an update released this morning. Liontrust and BNY declined to comment when reached out to by The TRADE. Liontrusts multi-asset desk was also nominated for the Multi-Asset Trading Desk of the Year at Leaders in Trading 2024.

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The TRADE

NOVEMBER 28, 2023

The post Liberum to connect to OptimX Markets block trading capability appeared first on The TRADE. There is a clear appetite for new innovations around the block market in Europe.

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OfficeHours

AUGUST 20, 2023

Written by a Top OfficeHours Private Equity Coach Is PE a Good Fit for you? To know if the buyside is right for you, let’s start with a textbook understanding of “What is private equity?” During the hold period, the private equity firm can improve operations, management structure, and financial strategies to optimize the business.

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The TRADE

DECEMBER 29, 2023

Balraj Bassi, co-founder and chief executive officer, Tradefeedr Data analytics in financial markets has reached the point where clients have access to complete global data sets, and we see 2024 as the year where this will drive change in how counterparties interact and in automating trading workflows.

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The TRADE

FEBRUARY 13, 2024

In a keynote speech at the Johannesburg Stock Exchange (JSE) South Africa (SA) Trade Connect 2024 conference, James Baugh, managing director, head of European market structure at TD Cowen, kicked off by highlighting that market structure and liquidity dynamics in South Africa mirror those felt in other markets and in particular, Europe.

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The TRADE

OCTOBER 9, 2024

The London-based trading team at Ninety One has a very particular set of skills. The active investment manager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. Ninety One’s trading team consists of 17 globally with six – soon to be seven – based in London.

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The TRADE

MAY 8, 2024

Wematch.live has appointed Grant Davies head of equities sales for the EMEA region, effective as of 15 May. Within the TRS space, Davies served as head of business development at Sunrise’s Matchbox, where he played a key role in launching and expanding the equity TRS platform.

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The TRADE

SEPTEMBER 19, 2024

Thomas Gallagher The offering is based on Bloomberg Indices’ portfolio of benchmarks and combines MIH’s expertise in operating the relevant exchanges with Bloomberg’s advanced technological capabilities to “bring much-needed competition to the equity index derivatives industry,” said Thomas Gallagher, chair and chief executive of MIH.

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The TRADE

OCTOBER 20, 2023

Next up in our Leaders in Trading 2023 Editors’ Choice Awards write up series, we bring you the shortlisted candidates for Outstanding Derivatives Exchange, showcasing exceptional performance in the derivatives exchange space. Elsewhere, CEDX and ION announced a new collaboration in August.

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The TRADE

AUGUST 2, 2023

ION and Cboe Europe Derivatives (CEDX) are set to expand Tier 1 banks and brokers’ access to pan-European derivatives markets through a new collaboration. The European derivatives market later launched in September of that year, initially offering trading in futures and options based on key Cboe Europe single country and pan-European indices.

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The TRADE

NOVEMBER 2, 2023

Next up in our Leaders in Trading 2023 Editors’ Choice Awards write up series, we bring you the shortlisted candidates for Best Innovation at the Close, recognising those venues going above and beyond to support participants when trading at the Close. Upwards of 30% of volumes now take place in the Closing Auction in Europe.

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The TRADE

JANUARY 22, 2025

What has your journey to the trading desk been like? I spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. We all sit together in our headquarters, and we emphasise collaboration.

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Focus Investment Banking

NOVEMBER 14, 2024

About IT Nation IT Nation fosters a collaborative and inclusive culture grounded in the Go-Giver philosophy, empowering MSPs and IT vendors worldwide. The team specializes in equity sale processes for MSPs with EBITDA ranging from $2.5 Please join me in thanking them for their example!” million to $30 million.

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The TRADE

MAY 20, 2024

Tradefeedr’s industry advisory board was established earlier this year and seeks to “collaborate with industry leaders to create a trading process that is more transparent and data driven” by bringing together established and knowledgeable market participants. Faenson joined Citi in 2005 as a credit valuation adjustment (CVA) trader.

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