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Investec Bank is set to launch a new electronictrading platform aimed at facilitating low-touch equity trading, The TRADE can reveal. Investecs market expertise spans the UK and South Africa, and trades in 64 markets from these two regions.
BlackRock’s head of electronictrading and market structure for EMEA, Daniel Mayston, has left the asset management giant, The TRADE can reveal. The TRADE understands it is outside of trading. His responsibilities will be transferred to other members of the global trading team at BlackRock, The TRADE understands.
Euronext’s dealer to client trading platform MTS BondVision has secured the contract to supply the European Central Bank (ECB) with electronictrading platforms for euro-denominated bonds. MTS BondVision covers rates, credit and repo.
Bloomberg has appointed Colin Williams in an electronictrading and analytics solutions role. The post Bloomberg taps BNY Mellon for new electronictrading and analytics solutions hire appeared first on The TRADE. Previously, Williams served as an investment account manager at Northern Trust.
Liquidnet has expanded its fixed income electronictrading capabilities with the integration of AI-based credit research from bondIT. Our members will have seamless access to a wide range of credit data giving them an extra edge ahead of making their trading decisions.”
SIX Swiss Exchange has tapped a former Berenberg senior electronic trader to replace departing head of equity sales for UK and Ireland, Jennfier Hlad, when she departs in the coming months, The TRADE can reveal. Prior to joining Berenberg, she spent two years with Goldman Sachs as an electronic trader in its securities division.
With electronic equities trading continuing to rise, a notable proportion of US low-touch desk expect to expand their teams over the next 12-18 months, a new report from Coalition Greenwich has found. Almost 40% of respondents emphasised a strong interest in more innovative trading venues, with another 53% showing some interest.
BTIG has made two key appointments including promoting Troy Donohue to head of Americas portfolio trading and hiring Henri Taylor as director within electronictrading sales. Elsewhere, Taylor brings over 20 years’ experience in electronictrading sales to the firm.
BMO Capital Markets has appointed Harj Bagria within its electronictrading division, The TRADE can reveal. Most recently, Bagria held an EMEA equity trading position, based in London. Elsewhere in his tenure at Credit Suisse, Bagria held APAC equity trading and electronic sales trading positions, based in Hong Kong.
Jonathan Tse has been appointed managing director, EMEA head of electronictrading quant analytics, platform and product at UBS, as he moves over from Credit Suisse. The post Credit Suisse electronictrading expert transfers to UBS appeared first on The TRADE.
How has the trading landscape evolved over the past 30 years? Trading desks have got smaller over the years, while volumes have gone up. Trading desks have got smaller over the years, while volumes have gone up. Another manifestation is that trading has become more widespread geographically.
LIST, an ION company, has completed the certification process to connect its FastTrade electronictrading system to the Luxembourg Stock Exchange (LuxSE). All existing functionalities, namely: trading, execution, and liquidity provision, are made available automatically to clients wanting to access LuxSE.
BMO Capital Markets managing director and co-head of electronictrading has left the bank, The TRADE can reveal. After 10 years as co-founder of Clearpool and MD at BMO, I have decided to take some time away from electronictrading. It has been an amazing journey,” said Wald in an update.
In the dynamic realm of the financial markets, 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.
Tradeweb has won the bid to supply electronictrading platforms (ETP) to the European Central Bank for the next four years. We are grateful for the opportunity to provide trading services and solutions to the European Central Bank for another term,” said Tradeweb Markets chief executive Billy Hult. “We
Wells Fargo has appointed Jon Thorne as senior securities sales trading specialist, The TRADE can reveal. Jonathan Tse was appointed managing director, EMEA head of electronictrading quant analytics, platform and product at UBS last month, following a move over from Credit Suisse.
CME Group is set to combine its two non-deliverable forward (NDF) liquidity pools on the EBS Market platform onto a single trading venue in October next year, subject to regulatory approval. ” EBS Market was the first venue to provide electronic NDF trading on a central limit order book in 2007. .
The Central Bank of Kenya has launched Bloomberg’s Electronic Matching System (EMS), BMatch, for interbank trading in the local foreign exchange market. These orders are displayed and subsequently matched with counterparty orders “based on mutual trading limits and other parameters configured by each bank”.
Virtu Financial and Deutsche Börse Group’s FX trading platform, 360T, have formed a new partnership, set to provide clients with an integrated FX trading analytics and TCA offering. As Virtu extends its offering to the 360T client base, users will be able to leverage the trading analytics in a fully integrated manner. “At
What is the current state of play in Peru when it comes to market data and electronic pricing? Foreign banks with well-established electronic platforms have been able to provide liquidity in spot and forward instruments. As is the case with other currencies in the region, the currency only trades within a fixed period of time.
Citi has named a new head of electronic equity sales trading for the EMEA region, The TRADE can reveal. He joined the bank as a permanent fixture in 2016 as a graduate analyst in its markets division, later moving into equity sales trading in 2018.
Morgan Stanley has appointed Pankaj Dhake as a new electronic sales trader, based in Mumbai. Dhake joins Morgan Stanley from CLSA, where he spent nearly seven years, most recently as an electronic sales trader. The post Morgan Stanley taps CLSA for new electronic sales trader appeared first on The TRADE.
Trading volumes executed electronically by equity investors increased last year, accelerating the evolution of the US stock trading business into an increasingly complex, technologically driven market structure. There is one important exception: higher commission payers are expanding their lists to an average of 44.1,
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 ElectronicTrading Initiative. Jefferies Jefferies ElectronicTrading (JET) offers algorithmic strategies and program trading across Europe, the US and Asia.
Last week Liquidnet posted record numbers for electronic new issue trading across volume, average trade size and participants, as institutional adoption demonstrably surges. Elsewhere, Liquidnet posted a surge in the number of active weekly users, with new issues trading participation the highest ever recorded.
A new report from Coalition Greenwich found that buy-side comments with respect to MDPs reflect that the ability to access dealer quotes while keeping them in competition, helps optimise trading. The growing use of MDPs from the buy-side is driving electronictrading overall and supports their growing focus on best execution.
Octaura Holdings has integrated list and request for quote (RFQ) protocols to its existing syndicated loan trading platform. Octaura stated that dealers benefit from increased trade flow with their axes highlighted to the buy-side, alongside additional pricing colour. For more information, visit our event page.
The evolution of the FX swaps market is at an important turning point, with many participants looking to electronify and optimise what has traditionally been traded on an RFQ or RFS basis, as well as demanding much greater price transparency. As As the FX swaps market grows, we expect to see regional banks trade more FX swaps.
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.
Market participants need global data-driven content to enhance their own products and gain deeper understanding of market shifts and liquidity dynamics, and to identify opportunities for better trading outcomes. You will also continue to see a push to modernise the loan market, whether through digitised loan data or electronictrading.
Liquidity management service provider OptimX Markets has partnered with BMO Capital Markets to bring the firm’s institutional algorithmic trading flow to institutional buy-side trading desks in European markets. BMO will now offer a range of trading opportunities tailored to their institutional client base through OptimX.
Morgan Stanley has appointed a new head of electronic FX sales for the EMEA region, The TRADE can reveal. Ubhi originally joined Citi in 2016 as a vice president in electronic FX sales, later taking on his most recent role as director in the same division in 2019. Morgan Stanley declined to comment.
Portfolio trading as a concept has exploded in the last few years, egged on by market conditions and volatility brought on by the pandemic and other macroeconomic factors. Portfolio trades have historically helped many institutions to move big blocks of risk. billion in total portfolio trading volume in Q3 2023, up 11.1%
UK-based boutique fixed income trading desk BlueBay Asset Management is beginning a new chapter in its life. For head of trading for the RBC BlueBay Asset Management London-based fixed income trading desk, Stuart Campbell, the institution’s combined size is a new strength. You’re taught to almost think like a PM.
Citi has made a strategic minority investment in Greenwich-based fintech, Cicada Technologies (CT), to facilitate institutional e-trading of Mexican government bonds. Citi’s Markets Strategic Investments unit handled the investment, with Citi set to act as a liquidity provider for the trading platform.
Building on top of the increased electronification of the US corporate bond market over the past decade, trading automation is now the key focus area according to a new report from Coalition Greenwich. The US corporate bond market saw trading volumes increase by 34% year-on-year, with average daily trade count up by 20%.
Despite the indisputable decline in physical trading practices, it is enduring within an increasingly technological capital markets world which has already put innumerable out-dated practices out of fashion. We couldn’t continue to do what we were doing manually in an electronic world.
As part of a major scheme from the Monetary Authority of Singapore (MAS) to develop the region as a global FX trading hub, several large banks over the last few years agreed to develop FX pricing and trading engines in Singapore, in partnership with MAS.
Lara Jacobs has been appointed vice president – equities electronictrading coverage at JP Morgan following six years with Liquidnet. She most recently served as head of international client trading, EMEA. The post JP Morgan taps Liquidnet for VP, equities e-trading coverage appeared first on The TRADE.
JonesTrading has deployed FlexTrade Systems’ FlexOMS as the new sell-side trading platform for its equities and electronictrading businesses. The FlexOMS solution will also serve as the full-service technology platform for JonesTrading’s outsourced trading offering.
When it comes to risk transfer in fixed income trading, voice and chat continue to dominate, however results from Coalition Greenwich’s fixed income trading technology report, ‘on the verge of change’ confirm that the adoption of electronic means of trading is on the rise.
Brazilian investment fund manager Ace Capital has selected Bloomberg Vault to help it archive and monitor its electronic communications. Data can be accessed from Bloomberg’s Trade Order Management System (TOMS), Bloomberg’s Asset and Investment Manager (AIM), as well as third-party order management systems.
You don’t want to see it [your trade] popping up on Twitter,” one market structure specialist told Coalition Greenwich. However, Continental Europe saw an increase in high-touch usage by the same margin, with e-trading on the up and 45% of their flow expected to be through algos.
He returns to Citi after four years, having previously worked at the firm as associate vice president in emerging markets equity trading. Read more: Fireside Friday with… Citi’s Chris Gooch Earlier this year, Citi appointed Jamie Miller as new head of electronic equity sales trading for the EMEA region , as revealed by The TRADE.
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