The TRADE

SEPTEMBER 7, 2023

Outsourced trading solutions firm, Tourmaline Partners, has hired three new seasoned financial markets 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.

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The TRADE

NOVEMBER 8, 2024

James Baugh, managing director, head of European market structure, TD Cowen was voted industry person of the year at last night’s glittering Leaders in Trading awards gala. Baugh is an industry stalwart, having worked in the financial markets for over 25 years.

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The TRADE

NOVEMBER 15, 2023

Citi has developed a new foreign exchange (FX) solution utilising blockchain infrastructure in order to price and execute bilateral FX spot trades. The offering supports cryptographically secure record-keeping of trade data and only counterparties to a quote or trade have access to underlying trade details.

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The TRADE

NOVEMBER 6, 2023

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!

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The TRADE

JULY 24, 2024

Outset Global has appointed William Bradley as managing director within its London office as demand for outsourced trading continues to grow. Bradley brings considerable experience in the equity sales and trading space to the role, joining from Goldman Sachs where he served as vice president on the cross-asset sales desk in New York.

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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. Gibson is a seasoned trader with an extensive career in markets.

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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 26, 2023

Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Non-Bank Electronic Liquidity Provider, showcasing excellence in liquidity provision outside of the traditional sphere. billion compared to € 2.8 billion the previous year.

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The TRADE

AUGUST 22, 2024

China Minsheng Bank has adopted Bloomberg’s sell-side execution management solution, ETOMS, alongside expanding its use of Trade Order Management Solutions (TOMS). The development will be used to support the commercial bank’s RMB cash bond market-making under Bond Connect and its USD interest rate swap (IRS) market-making in Hong Kong.

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The TRADE

SEPTEMBER 11, 2023

Following the move, Instinet – the independent equity trading arm of Nomura Group – will be able to directly access the post-trade services of both businesses for their primary execution services in Spain. The post Instinet joins BME Clearing and Iberclear, enhancing Spanish remit appeared first on The TRADE.

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The TRADE

JUNE 17, 2024

Start-up hedge fund Jain Global appointed a former Credit Suisse vice president and electronic sales trader to join its ranks on the trading desk ahead of its launch. Emily Facchina Fluet joined Jain as a trader working in London under head of EMEA trading, Jeremy Wyatt.

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The TRADE

SEPTEMBER 11, 2023

RBC appointed Guy Chalkley as managing director, UK flow rates sales. Chalkley brings more than three decades worth of financial services to the role, in both portfolio management and rates sales. Before joining RBC, Chalkley spent 11 years at NatWest Markets.

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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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The TRADE

APRIL 26, 2024

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.

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The TRADE

MAY 14, 2024

Deutsche Bank has joined asset tokenisation initiative Project Guardian – dedicated to testing the feasibility of applications in regulated financial markets – as part of the asset and wealth management workstream. The post Deutsche Bank joins global policy makers’ Project Guardian appeared first on The TRADE.

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The TRADE

FEBRUARY 22, 2024

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

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The TRADE

OCTOBER 2, 2024

As technology continues to reshape financial markets, the dynamic between buy- and sell-side institutions has undergone a transformation. Electronic trading capabilities have led to a major shift away from voice trading, and this has changed the role that counterparties play when they work together.

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Mergers and Inquisitions

JANUARY 10, 2024

The Nature of the Work: Markets, Analysis, Sales, and Interpersonal Skills Wealth management (WM) requires broader knowledge of the financial markets since you may have to advise clients on everything from their portfolio allocations to upcoming tax changes. and without a target school or great internships.

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The M&A Lawyer

SEPTEMBER 23, 2015

billion, Tyson asserted that IBP’s decline in performance (including a 64% drop in same quarter sales over the prior year) and a $60.4 OSI sought indemnity for an MAE based on Encelium’s failure to meet sales forecasts and manipulation of financial results. Failure to meet sales forecasts could be an MAE.

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The TRADE

JULY 26, 2023

According to the bank, this compares to a prior year quarter where “extreme market activity in the wake of uncertainty surrounding the war in Ukraine” affected results. Net revenue for ‘fixed income, currency (FIC) sales and trading’ within the investment bank fell by 9% compared to the second quarter in 2022.

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Mergers and Inquisitions

MARCH 13, 2023

But since they were classified as “Held to Maturity” (HTM) on the Balance Sheet, they were not marked to market value – so this loss in market value did not affect the company’s regulatory capital: Not all the bank’s investments were in the HTM category; some were in the “Available for Sale” (AFS) category.

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The TRADE

AUGUST 18, 2023

However, I think a key area – informed by the kind of volatility we experienced earlier in the year – is the increased adoption of the Request-for-Market or RFM protocol in markets where Request-for-Quote (RFQ) used to be the dominant mechanism. I would highlight its position on the trading venue perimeter specifically.

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Focus Investment Banking

MAY 20, 2024

I advise them to be realistic about timetables, financial expectations, even the reality that after the sale, they won’t be directly overseeing their employees anymore. I draw on my own experience – for example, the “morning after” a sale and how to handle that. Believe it or not, that can be painful at first.

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The TRADE

JULY 25, 2023

Though not imposing a fine, FINMA also found that Credit Suisse “seriously and systematically violated financial market law in the context of its business relationship with the Archegos family office,” with the regulator issuing an order for corrective measures to UBS, following its recent acquisition of the banking group.

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Viking Mergers & Acquisitions

MAY 9, 2023

He describes it like this: “A 30-year career in the stock market and wealth management gives you a pretty solid understanding of the financial markets and how they work. You understand businesses trading hands. Are you skilled in managing employees, accounting, sales, or big-picture strategy?

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Wall Street Mojo

JANUARY 17, 2024

He believed a sharp economic downturn would occur because of multiple factors, such as the disruption in the country’s regional banking space and decreased retail sales. He clarified that he did not predict a situation or scenario worse than the financial crisis of 2008 and advised hedge funds to adopt a conservative approach.

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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

OCTOBER 18, 2023

First up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Exchange Group – one of The TRADE’s highly coveted and legacy awards for the exchange community.

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The TRADE

DECEMBER 30, 2024

Chris Jackson, global head of equity strategy and head of equities, EMEA, Liquidnet As we look ahead to 2025, we see it as a transformative year in how and what we trade. Those research findings provide proof of the many benefits of outsourced trading including efficiency gains, cost reductions, and improved investment performance.

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The TRADE

NOVEMBER 8, 2024

Stephen Grady, head of global markets and executive vice president at Lombard Odier, accepted a Lifetime Achievement Award from The TRADE last night at Leaders in Trading 2024. The TRADE would like to extend its congratulations to Grady for his long-standing commitment and continued service to the industry.

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The TRADE

DECEMBER 27, 2024

Algorithmic trading: Smarter than ever? And so it begins, the final countdown from one to three of The TRADEs most read stories in 2024. Algorithmic trading has evolved into a central pillar of trading. Firstly, happy Christmas for those of you that celebrate it. We hope youve had a restful few days. Shes a beauty!

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The TRADE

DECEMBER 30, 2024

Chris Jackson, global head of equity strategy and head of equities, EMEA, Liquidnet As we look ahead to 2025, we see it as a transformative year in how and what we trade. Those research findings provide proof of the many benefits of outsourced trading including efficiency gains, cost reductions, and improved investment performance.

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The TRADE

JANUARY 13, 2025

Michael Horan was appointed head of trading at SS&C TechnologiesGlobal Investor and Distribution Solutions (GIDS)inEMEA following two decades working with BNY and Pershing.He most recently served as head of electronic equity trading at BNYs London branch for 11 years.

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The TRADE

JANUARY 20, 2025

Following almost ten years at ING bank, market structure expert Stephane Malrait joined Etrading Software as chair of its industry stakeholder group (ISG) on the consolidated tape (CT), as revealed by The TRADE. McDonald has also previously worked in trading-related roles at FlowBank, IG, and Alexander David Securities.

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The TRADE

JANUARY 13, 2025

Following almost ten years at ING bank, market structure expert Stephane Malrait has joined Etrading Software as chair of its industry stakeholder group (ISG) on the consolidated tape (CT), The TRADE can reveal. The post ING Banks Malrait joins Etrading Software appeared first on The TRADE.

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