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Alice Blue FinancialServices Pvt. has come a long way since its inception, making waves in the Indian financial markets. What started as a discount brokerage service now spans a wide array of offerings—Equities, Currency, Commodities, IPOs, F&O, and Mutual Funds. Start Your Success Story Today!
If you search the term, you will be barraged with consulting ads and explanations from trade publications on why driving custom cus… Read more on Cisco Blogs Have you heard the phrase “Meet your customers where they are?”
Almost two thirds (63%) of buy-side equity market participants believe outsourced desks would result in improved execution quality and trade performance when trading across regions, according to new research from Coalition Greenwich. This figure was up markedly from similar research in 2020, which had the result at 5%.
Financialservices firm Velocity Clearing has opened a new office in Chicago as part of the expansion of its execution, clearing and custody operations including the options markets. Options trading is among the multiple asset classes traded by Velocity Clearing.
(OTCQB: AIUG), a leader in AI-powered solutions across fintech, investment, and travel sectors, is pleased to announce a binding agreement to acquire BeyondTrade Securities, a licensed broker-dealer, at $2.95
Nasdaq and the Indonesia Stock Exchange (IDX) have expanded their technology partnership which will see the former upgrade its core trading platform to Nasdaq’s most advanced matching engine. The post Indonesia Stock Exchange taps Nasdaq to build out market infrastructure appeared first on The TRADE.
Exchange and clearing house operator Cboe Global Markets is planning to introduce a central counterparty (CCP) clearing service for securities financing transactions (SFT) in Q3 2024. Settlement will take place in 19 European Central Securities Depositories (CSDs).
Wall Street giant Citi has made a number of cuts to it cash equities trading business in London, according to two people with knowledge of the matter, The TRADE can reveal. Lackenby joined the bank two years ago from broker Market Securities. Citi is the latest bank making cuts to its trading and investment banking unit.
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.
The Korean fintech firm offers online and offline payments, money transfer, credit rating, insurance and loan services to approximately 40 million registered users in South Korea. Siebert Financial, the U.S.-based based brokerage and financial advisory firm, and its subsidiaries have been providing financialservices for over 50 years.
As the evolution of digital assets as a distinct class continues to accelerate, the FIX Trading Community is set to establish specific standards for the area, focusing on three core pillars: interoperability, regulation and distributed ledger technology (DLT) application.
AI agent startups secured $8.2 Financialservices, too, are ripe for disruption by Agentic AI. From algorithmic trading and risk management to fraud detection and customer service, the applications are vast and varied. billion in investor funding over the last 12 months, spread over 156 deals, an increase of 81.4
The D epository Trust & Clearing Corporation (DTCC) has revealed that 350 Investment managers are now leveraging CTM’s automated trade affirmation capabilities to accelerate the post-trade lifecycle, as firms prepare for the US move to T+1 trade settlement. Achieving SDA is critical to meeting US T+1 settlement timelines.
According to the firm, BondGPT combines GPT-4 with LTX’s analytics and underlying dataset for data timeliness, accuracy and compliance in the highly regulated financialservices sector, avoiding hallucination issues common in other implementations. It adds generative AI to build on the AI neural network that LTX has used since launch.
Once approved, the expanded trading platform of Panmure Liberum will also boast trading relationships with more than 900 counterparties across the UK, US, Europe and Asia. The post Panmure Gordon and Liberum agree merger to create new investment banking giant in the UK appeared first on The TRADE.
The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2023. Shortlisted individuals are repeated contributors to discussion whether that be through panels, associations or schemes to support the next generation joining the financialservices industry.
Jefferies appointed Joram Siegel as managing director, head of fixed income outsourced trading. Siegel joined Jefferies from Marex, where he spent the last four months serving as head of fixed income outsourced trading. Other previous tenures include credit trading roles at both Barclays Investment Bank and Credit Suisse.
Former head of market structure and liquidity solutions at broker dealer Kepler Cheuvreux Byron Griffin is set to join Franco-German financialservices firm ODDO BHF. He is currently on gardening leave set to join ODDO in the coming months, The TRADE understands. He joins as head of execution sales and microstructure.
Former head of market structure and liquidity solutions at broker dealer Kepler Cheuvreux Byron Griffin is set to join Franco-German financialservices firm ODDO BHF, The TRADE can reveal. He is currently on gardening leave set to join ODDO in the coming months, The TRADE understands.
UBS appointed Carlos Salcedo head of capital markets financing sales Americas, according to an internal memo seen by The TRADE. Haitong Securities appointed Dipesh Sohani director of institutional equity sales. Elsewhere in his career, Sohani held positions at YES Securities, Edelweiss FinancialServices, PhillipCapital and MF Global.
Integrated trade and communications surveillance has seen a 100% increase over the last year as regulators continue to ramp up enforcement actions, a SteelEye report has found. The report’s findings come as regulators up their enforcement actions related to communications and trade surveillance on both sides of the Atlantic.
Winterflood Securities has cut twenty people from its market making business in London, including six traders, according to two people with knowledge of the matter. The market maker, which specialises in covering smaller companies, said trading activity had been subdued. Winterflood declined to comment.
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.
The FCA’s authorisation specifically applies to Elwood’s execution management system (EMS) in connection to security tokens and derivatives. The firm’s EMS platform enables users to connect to global crypto exchanges and OTC venues through a single application or API, to execute digital asset trades.
Digital assets market maker B2C2 has partnered with Swiss online banking and financialservices provider Swissquote to deepen liquidity on the latter’s exchange. Users are able to trade, hold, and transfer crypto assets in their Swissquote account, backed by the security associated with a regulated Swiss bank.
BNP Paribas securitiesservices’ global head of investment analytics and data services, Neil Ryan, has left the bank to become head of product marketing and solution positioning at Finbourne Technology. The post BNP Paribas securitiesservices data lead takes up product role at Finbourne appeared first on The TRADE.
The calculator enables participants to evaluate potential margin and clearing fund obligations associated with becoming a member of DTCC’s Fixed Income Clearing Corporation (FICC) Government Securities Division (GSD). The post DTCC’s FICC launches new public-facing Value at Risk calculator appeared first on The TRADE.
BlackRock promoted Dean Catton to take the helm for its European credit business after spending the last two years as its head of European leveraged finance trading for its alternatives business. Previously in his career, he spent several years in credit trading roles at StormHarbour Securities, UBS and Elgin Capital.
Tigress Financial Partners is set to offer a co-branded version of the Intercontinental Exchange (ICE) TMC bond platform, an anonymous, all-to-all alternative trading system (ATS) operated by ICE Bonds, to its clients. The post Tigress Financial Partners to offer ICE TMC bond platform to clients appeared first on The TRADE.
Olivetree has made a number of new hires for its event driven trading team in London, The TRADE can reveal. David Lackenby has joined as head of event driven sales trading and Mark Brodie has been hired as an event driven sales trader. Lackenby previously worked at Market Securities and Cantor Fitzgerald.
Australian securities exchange ASX is set to replace its cash equities clearing and settlement platform with Tata Consultancy Services’ (TCS) platform, a proactive step in overhauling the post-trade offering after its six-year long blockchain ambitions came to an end in 2022.
Innovation is inevitable as market participants continually seek to enhance their operations across the board, and stock exchanges and trading venues are perhaps some of the most prominent advocates of embracing emerging technological advancements.
If you impose rigid thresholds it could be at the expense of the end clients,” said Haroun Boucheta, head of public affairs for securitiesservices at BNP Paribas, also speaking on the IDX panel. How the EU plans to reduce reliance on UK CCPs for derivatives clearing appeared first on The TRADE. It represents a thawing.
Goldman Sachs has achieved improvements in enhancing trade settlement efficiency through the use of Depository Trust and Clearing Corporation (DTCC)’s Central Trade Matching (CTM)’s Match to Instruct (M2i) workflow. We are pleased to provide these benefits to the financialservices industry.”
UK-based investment bank Peel Hunt appointed former head of electronic and program trading and sales at Numis Securities, Nishad Vallonthaiel, to head up its own electronic trading division. Chhaya joins the bank after also previously serving at Instinet, Liquidnet, HAITONG, Canaccord Genuity and Numis Securities.
Offering a broad range of services, from mutual funds to intra-day trading and derivatives, Rupeezy needed a payment partner who could handle the complexities of financial transactions. TPV is mandatory in the financialservices sector to avoid fraudulent transactions and ensure the security of customer funds.
SIX’s head of equities Adam Matuszewski has resigned from the exchange group after over 10 years to take up a new role at Citadel Securities based in London. Drew Vincent is set to join TD Cowen in an execution services role following almost 15 years at Credit Suisse.
Stephen Wilkes, the head of buy-side solutions sales and head of securitiesservices at Deutsche Bank, will be departing his role after spending almost 13 years at the bank. For nearly five years, Wilkes served as the head of buy-side solutions sales and head of securitiesservices sales in the EMEA region.
The shortening of settlement cycles across markets and asset classes, combined with increasing trade volatility, is creating new pressures on manual operational processes for both buy- and sell-side participants across multiple trade lifecycle functions. AI has the potential to transform all stages of the trade lifecycle.
Merchant banks are a very important part of the financial ecosystem, since they support the largest chunk of businesses – the mid-sized ones. Merchant banking is a special branch of banking that provides financialservices to medium to small-sized businesses. What is a Merchant Bank?
Philip Coleman, chief technology officer at Delta Capita, said: “Today’s launch of MACH is a clear demonstration of Delta Capita’s commitment to reinventing the financialservices value chain, and being at the heart of what is an incredibly exciting next chapter for capital markets and technology innovation.
The result is that BondGPT+ not only meets our clients’ enterprise requirements, but also sets a new standard for generative AI solutions in the financial industry by providing a single natural language interface for seamless access to much of the data used by busy fixed income professionals.”
But a series of trades doesn’t simply add up to a position. It’s about finding the balance which reduces duplication, synchronisation issues, translation problems, and breaks, while maintaining the controls required for financialservices. It’s a very simple statement, but an important one.
The underlying question from a financialservices perspective is therefore how to prove that sustainability-related investments are delivering against their “green” promise in a clear and reliable way? But whatever commitments were made by governments and corporations alike (e.g.,
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