The TRADE

APRIL 19, 2024

BMO Capital Markets has appointed Harj Bagria within its electronic trading 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.

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The TRADE

JANUARY 5, 2024

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”.

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The TRADE

OCTOBER 20, 2023

Jonathan Tse has been appointed managing director, EMEA head of electronic trading quant analytics, platform and product at UBS, as he moves over from Credit Suisse. The post Credit Suisse electronic trading expert transfers to UBS appeared first on The TRADE.

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The TRADE

MAY 15, 2024

LIST, an ION company, has completed the certification process to connect its FastTrade electronic trading 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.

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The TRADE

OCTOBER 24, 2024

Order and/or execution management systems (OEMS) Kicking off this whistle-stop summary as the number one most impactful innovation in the industry is the order and/or execution management system (OEMS) – the beating heart of trading desks around the world. CLS Coming in at number three is the multi-currency settlement system, CLS.

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The TRADE

APRIL 22, 2024

BMO Capital Markets managing director and co-head of electronic trading 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 electronic trading. It has been an amazing journey,” said Wald in an update.

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The TRADE

NOVEMBER 3, 2023

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 electronic trading quant analytics, platform and product at UBS last month, following a move over from Credit Suisse.

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The TRADE

APRIL 2, 2024

Tradeweb has won the bid to supply electronic trading 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

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The TRADE

DECEMBER 11, 2023

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. .

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The TRADE

FEBRUARY 29, 2024

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.

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The TRADE

JANUARY 17, 2024

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,

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The TRADE

JANUARY 15, 2024

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.

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The TRADE

OCTOBER 25, 2023

Tradeweb Markets and LSEG’s FTSE Russel have entered a strategic partnership to develop enhanced fixed income index pricing and index trading products. Tradeweb’s trading activity from its electronic platform will be amalgamated by the closing prices, enabling closer alignment with actual trading levels and intraday pricing.

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The TRADE

DECEMBER 28, 2023

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.

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The TRADE

NOVEMBER 28, 2023

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

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The TRADE

JULY 17, 2024

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.

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The TRADE

AUGUST 27, 2024

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.

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The TRADE

OCTOBER 11, 2023

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.

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The TRADE

DECEMBER 27, 2023

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 electronic trading.

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The TRADE

NOVEMBER 7, 2024

BlackRock’s head of electronic trading 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.

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The TRADE

FEBRUARY 21, 2024

JonesTrading has deployed FlexTrade Systems’ FlexOMS as the new sell-side trading platform for its equities and electronic trading businesses. The FlexOMS solution will also serve as the full-service technology platform for JonesTrading’s outsourced trading offering.

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The TRADE

JANUARY 18, 2024

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.

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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. 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.

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The TRADE

DECEMBER 14, 2023

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%

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The TRADE

MAY 9, 2024

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.

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The TRADE

AUGUST 12, 2024

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.

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The TRADE

OCTOBER 21, 2024

The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2024. The winner will be decided by a live industry vote at The TRADE’s Leaders in Trading gala awards night on 7 November at The Savoy. Congratulations to this year’s shortlisted nominees!

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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. 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.

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The TRADE

DECEMBER 20, 2023

Eric Heliene, head of buy-side trading desk, Groupama Asset Management In the buy-side trading world, technological innovation is a perpetual driver of transformation, and large language models (LLMs) are emerging as key players in this ongoing evolution. Furthermore, LLMs promise to transform the execution of trading orders.

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The TRADE

JUNE 12, 2024

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%.

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The TRADE

JULY 23, 2024

Lara Jacobs has been appointed vice president – equities electronic trading 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.

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The TRADE

MAY 15, 2024

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.

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The TRADE

OCTOBER 27, 2023

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.

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The TRADE

MAY 17, 2024

SGX FX has confirmed African corporate and investment bank Rand Merchant Bank (RMB) as its newest liquidity provider, set to expand opportunities for traders trading the South African Rand. Tim Hutchinson Specifically, the partnership is through SGX FX’s eFX trading solutions platform for global buy-side institutions.

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The TRADE

MARCH 18, 2024

Digital brokerage GCEX has launched a new margin trading platform, offering increased flexibility and control for operational efficiency. The new platform provides enhanced charting functionalities, deposit and withdrawal processes, alongside improved monitoring and management of trading instruments and positions.

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The TRADE

JULY 4, 2023

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.

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The TRADE

JULY 15, 2024

Dom Lowres has joined Investec as head of electronic trading and execution, following almost 17 years at Liberum. Most recently, he served as head of execution strategy, which followed an eight-year stint as head of trading. Elsewhere in his tenure, Lowres held a pan European trading position.

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