The TRADE

DECEMBER 14, 2023

UK-based investment management firm Waverton has outsourced a portion of its trading to Northern Trust Integrated Trading Solutions (ITS). Northern Trust is supporting the trading of equities, derivatives and fixed income assets as Waverton’s sole provider of trading services. “We Waverton has £9.1 Waverton has £9.1

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Investment Manager Trading Management Investment 113

The TRADE

MARCH 21, 2024

The European Securities and Markets Authority (ESMA) has released findings from an industry-wide settlement cycle consultation, presenting various viewpoints on exchange trading hours in the context of a shift to T+1. The watchdog said therefore it will focus its work on shortening the settlement cycle on T+1.

Consulting 69

Consulting Trading IT Investors 69

The TRADE

MARCH 22, 2024

HSBC has appointed Matthew Stanton as managing director, head of equities sales trading for Americas. Stanton joins HSBC from Primary Portal, where he served as a sales consultant. Prior to that, he spent just over seven years at Barclays, most recently serving as managing director, head of cash sales trading, Americas.

Sale 69

Sale Equities Trading Asset Management 69

Growth Business

OCTOBER 25, 2024

By Michael Goodwin on Growth Business - Your gateway to entrepreneurial success Many entrepreneurs’ burning question when considering investment for growth is how much equity to give away. In my experience, with eight years as a mid-market M&A advisor, SMEs traditionally trade for between four and seven times their profitability.

Equities 98

Equities Investment Private Equity Valuation 98

The TRADE

AUGUST 21, 2024

Stifel Europe has appointed Freddie Dolcezza as a new equity trader, based in London. Prior to that, Dolcezza served as an equity dealer for nearly two years. Elsewhere in his tenure at Hargreaves Lansdown, he served as an investment helpdesk consultant and a client support agent.

Equities 64

Equities M&A Media Broker 64

The TRADE

FEBRUARY 19, 2025

Patric Okumi, Samuel Lowres Okumi joins Liquidnet multi-asset services team from TP ICAP Group, where he spent the last 11 years in broking and trading-related roles. He was also part of TP ICAPs equity trading desk before building out the single stock equity and ETF RFQ offering on Fusion, the firms electronic platform.

Sale 59

Sale Electronics Trading Equities 59

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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Trading Capital Market Capital Economics 111

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.

Trading 59

Trading Consulting M&A Collaboration 59

The TRADE

JULY 4, 2023

The UK’s Financial Conduct Authority (FCA) has announced that it will consult with industry participants on reforms to improve markets and competitiveness, including the introduction of a UK consolidated tape. An initial focus will be on a consolidated tape for bonds, followed by an equities tape.

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Consulting Trading Financial Market Equities 75

The TRADE

SEPTEMBER 29, 2023

Axis Capital Markets has appointed Lewis Jones in an institutional sales and trading role, The TRADE can reveal. According to an update on social media, Jones joins Axis Capital Markets from IBP Markets, where he served as an equity sales trader for nearly three years.

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Capital Market Sale Capital Trading 64

The TRADE

JULY 17, 2023

Around-the-clock (24/7) trading is something we already see in the foreign exchange markets and the growing cryptocurrency landscape. Yet with equities, these markets are constrained by market hours which may be specific to a region and/or exchanges themselves. Already in EMEA, we have six valid trading days.

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Equities Trading Asset Management Management 52

The TRADE

MARCH 5, 2024

You don’t want to see it [your trade] popping up on Twitter,” one market structure specialist told Coalition Greenwich. Elsewhere, increased concentration of equity trading volumes is being expedited by a continued transition of trading volumes to electronic execution.

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Broker IT Electronics Trading 121

The TRADE

OCTOBER 11, 2023

This will include futures and options markets in the US and Europe, alongside globally traded proprietary products including S&P 500 Index option and VIX franchises. Adam Inzirillo, who previously served as head of North American equities, will now operate as global head of data and access solutions.

S&P 119

S&P Equities Trading Business 119

The TRADE

NOVEMBER 8, 2023

Cboe Global Markets has appointed leading industry figure Natan Tiefenbrun president of North American and European equities as part of the leadership changes announced last month, The TRADE can reveal. This new role expands on his previous position as president of Cboe Europe, now also overseeing North American cash equities.

Equities 59

Equities Trading Broker Consulting 59

The TRADE

AUGUST 25, 2023

Pictet Asset Management has appointed Jade Beckmann as an equity trader, The TRADE can reveal Beckmann joins Pictet Asset Management from Bloomberg, where she most recently served as a professional services sales account manager. Prior to that, she held the role of financial products equity specialist at the firm.

Asset Management 52

Asset Management Equities Management Professional Services 52

Francine Way

JULY 7, 2017

Thus far in the last 10 blog posts, we have discussed what M&A is, its success metrics, types of acquirers and value creations, capital structure, debt, and equity. Profitability: What is the targeted return on invested capital (ROIC), return on assets (ROA), or return on equity (ROE) - along with the payback period.

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M&A Acquisitions Consulting Capital 130

The TRADE

SEPTEMBER 26, 2024

The TRADE is delighted to announce the first batch of shortlists for the upcoming Leaders in Trading Awards ceremony set to take place in London this November. The trading event of the year is set to return once again at The Savoy on 7 November, bringing together our industry for a glittering evening of celebration and jubilation.

Trading 52

Trading Capital Market S&P Equities 52

The TRADE

SEPTEMBER 14, 2023

Earlier this year, the UK’s Financial Conduct Authority (FCA) announced a consultation period with market participants on reforms to improve markets and competitiveness, including the introduction of a UK consolidated tape (CT). A CT for bonds will be the initial focus, with an equities tape following at a later stage.

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Consulting IT Financial Market Investors 64

Focus Investment Banking

JANUARY 18, 2024

The S&P 500 has recently traded near 4800, close to its record at the end of 2021. And will that mean that some of the privately held management consulting firms or other professional services companies will choose an IPO this year? There are only a few publicly traded companies in specialty consulting.

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IPO Consulting Corporate Finance Professional Services 52

The TRADE

FEBRUARY 29, 2024

billion on resolving settlement failures within major equities and fixed-income markets. The post Best part of a trillion dollars pumped into settlement penalties and resolution measures over past decade, finds research appeared first on The TRADE. As an industry, we’re only as strong as our weakest link.

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Trading Consulting Equities Securities 145

The TRADE

JUNE 26, 2024

The past year has seen vast improvement across the algorithmic trading space when it came to hedge funds’ strategies, new data from The TRADE has found. The TRADE received a record number of responses to this year’s Algorithmic Trading Survey. The survey is accessible here.

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Funds Trading Broker Consulting 114

The TRADE

DECEMBER 20, 2023

The preparatory phase could include a public consultation and stakeholder workshops in a bid to adhere to principles of transparency and equal treatment, said ESMA. The short consultation on payments to data providers and on the forms for data reporting services providers closes on 9 February 2024.

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Consulting Equities Shares IT 115

The TRADE

SEPTEMBER 12, 2024

The TRADE is delighted to announce the first batch of shortlists for the upcoming Leaders in Trading New York Awards ceremony set to take place in November. So, without further a due, it gives The TRADE great pleasure to announce the following awards shortlists for Leaders in Trading New York 2024!

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Trading Capital Market S&P Capital 52

The TRADE

OCTOBER 1, 2024

He joins Citadel from Goldman Sachs, where he most recently served as vice president within the bank’s global equities team. In an earlier stint at Goldman, Raghavan worked as vice president, quantitative strategies within the bank’s equities prime services.

Asset Management 69

Asset Management Consulting Equities Trading 69

The TRADE

JANUARY 2, 2024

Eric Heliene, head of buy-side trading desk, Groupama Asset Management  The intensification of financial regulation is a fundamental trend transforming the asset management ecosystem. We also expect to see a heightened demand for the pan-European clearing model, which we pioneered in cash equities, in other asset classes.

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Trading Asset Management Equities Retail 64

OfficeHours

OCTOBER 23, 2023

However, for private equity investors, this uncertainty represents a unique opportunity to take advantage of investment opportunities in public markets. A “take-private” transaction in the context of private equity is a process by which a PE firm acquires a publicly listed company and converts it into a privately held entity.

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Investors Private Equity Equities Investment 130

The TRADE

JULY 24, 2023

When it comes to TCA in fixed income, the expert panellists were clear that it is on the rise, despite being a comparatively harder task to implement than in the equities space, with decisive hurdles to overcome on the road to adoption. Key to the use of TCA is access to reliable data.

Equities 52

Equities Trading Engineering Consulting 52

The TRADE

DECEMBER 18, 2023

This uncertainty will lead to heightened equity volatility in 2024. When volatility rises, convertible bonds tend to outperform equities. We’ve even seen equity focused investors taking steps to access liquidity in bonds as an alternative.

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Trading Bank Banking Investors 64

The TRADE

MAY 7, 2024

Burke will also hold responsibility for business and product management expansion of MarketAxess’ EM trading business across both geographies and products. Elsewhere in his tenure at Standard Chartered, Burke served as global head of electronic and algo trading, based in London.

Asset Management 64

Asset Management Management Equities Trading 64

The TRADE

MAY 30, 2024

The European Securities Markets Authority (ESMA) opened up its industry consultation on 23 May inviting participants to comment on how they expect the equities consolidated tape to be delivered. With the consultation now open, perhaps its results will generate some welcome competition for EuroCTP.

Equities 52

Equities Consulting Trading IT 52

The TRADE

NOVEMBER 3, 2023

Next up in our introduction to the distinguished nominees for the Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist the Best Broker Electronic Trading Initiative. Jefferies Jefferies Electronic Trading (JET) offers algorithmic strategies and program trading across Europe, the US and Asia.

Electronics 52

Electronics Trading Broker IT 52

The TRADE

FEBRUARY 7, 2024

It’s average trade size for Asia Pacific in 2023 was $1.57 Asian markets are some of the most lit markets in the world, Liquidnet’s head of equities for Asia Pacific, Tristan Baldwin, told The TRADE, and expanding the VWAP Cross is aimed at supporting client demand for minimised impact amid this market structure.

Trading 52

Trading Consulting IT Equities 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 110

Acquisitions Trading Mergers and Acquisitions Capital Market 110

The TRADE

MARCH 25, 2024

Head of SIX Swiss Exchange, Christian Reuss marked his last day at the trading venue as he moves onto pastures new. Reuss had been with the trading venue for just over 15 years, originally joining in 2009 as chief executive of a joint venture named Scoach, in partnership with Deutsche Börse.

Sale 72

Sale Trading Equities Portfolio 72

Mergers and Inquisitions

NOVEMBER 1, 2023

When you hear the words “healthcare private equity,” two thoughts probably come to mind: Wait a minute, isn’t healthcare a risky/growth-oriented sector? Before delving into these nuances, we should take a step back and define the sector: Definitions: What is a Healthcare Private Equity Firm? Why do PE firms operate there?

Private Equity 59

Private Equity Healthcare Equities Middle Market 59

The TRADE

AUGUST 11, 2023

This week, the industry’s eyes turned to trading venues as two new M&A announcements were made. Trading venues, in particular, have viewed consolidation as a method to expand their offerings, allowing them to become a one-stop-shop for their clients. This has been something in the making for quite a while.

M&A 52

M&A Trading Mergers and Acquisitions Asset Management 52

Mergers and Inquisitions

SEPTEMBER 13, 2023

Ask anyone interested in distressed debt hedge funds for “the pitch,” and they’ll probably mention one of the following: “It’s like long/short equity or credit , but more interesting!” Distressed investing offers equity-like returns with lower risk.” Distressed assets offer non-correlated returns, similar to global macro.”

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Debt Funds Investment Equities 103