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Clearwater Analytics is set to launch a new generative artificial intelligence solution aimed at improving the way institutional clients analyse investment data and respond to changing market dynamics. Participating clients will be able to gain insights and performance comparisons throughout the investment lifecycle.
UK-based asset manager Artemis has selected Northern Trust to provide outsourced trading services for its equities and derivatives activity, effective January 2025. Northern Trust will support all trading activity for Artemis’ equity funds under management and all related over-the-counter and exchange-traded derivatives.
Singapore-based investmentmanager New Silk Road has outsourced its trading to Northern Trust as it seeks to fortify its offering as T+1 looms. We look forward to continuing to build our relationship with New Silk Road to enhance their global trading needs.”
Manulife InvestmentManagement is set to acquire multi-sector alternative credit manager CQS for an undisclosed sum with the deal set to close in early 2024. Following close, Manulife is set to align the CQS brand with its own as a co-branded logo – Manulife | CQS InvestmentManagement.
Brian Steele has been appointed president of clearing and securities services at the Depositary Trust and Clearing Corporation (DTCC), set to leverage his two decades of experience in clearance, settlement and middle office operations. The post DTCC names new president of clearing and securities services appeared first on The TRADE.
Martin Hendry, deputy head of trading, Liontrust Asset Management As we peer into the crystal ball for 2024 trading, a notable shift is anticipated with the adoption of T+1 settlement for US equity transactions. This transition is poised to reshape the pace and efficiency of equity trading, promoting quicker settlement cycles.
Futures industry technology provider FIA Tech has enhanced its Trade Data Network (TDN) to support the operational resiliency demands of clearing firms utilising the platform. The initiative is made up of 16 banks or brokers, as well as 40 investmentmanagers and hedge funds with combined assets under management of more than $37 trillion.
“Our new investment analytics service enables users to perform advanced investment performance analytics on the fly, with calculations delivered in just a few seconds.” SimCorp’s front-to-back investmentmanagement platform offers performance measurement and attribution across all asset classes, including alternatives.
FIA Tech’s Trade Data Network (TDN) is now certified with and connected to Singapore Exchange (SGX), with FIA Tech expected to roll out TDN connectivity to all SGX members subscribed to the network in Q4. The post FIA Tech connects Trade Data Network to Singapore Exchange appeared first on The TRADE.
The FIX Trading Community has launched a new real-time messaging type aimed at supporting the industry in its shift to accelerated settlement cycles. If FX trades cannot be completed in the same time frame there is the potential the market could start to see more settlement fails.
The shift to T+1 in the US can largely be described as a success – affirmation rates remain comfortably high, fail rates have stayed reasonably low and FX trades don’t appear to have shifted to bilateral settlement as feared. Depending on the day of the week or the settlement cycle used it’ll be more expensive to trade.”
Peter Welsby, head of European FICC trading, Manulife InvestmentManagement Regulation will continue to direct market trends in 2 024, just as it has in recent years. Lisa Danino-Lewis, chief growth officer, CLS May 2024 will see the implementation of T+1 in the US and Canada securities market, which will impact FX post-trade.
AXA InvestmentManagers (AXA IM) has completed its first market transaction using stablecoins issued by Societe Generale – FORGE as part of a new joint experiment. The green bond provides access to the reporting on carbon footprint impact of the security issuance chain infrastructure.
The D epository Trust & Clearing Corporation (DTCC) has revealed that 350 Investmentmanagers 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.
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capital markets for decades in some form or another. However, an undeniable surge has occurred across the trading sphere over the last few years, with decidedly mixed results. And the number is climbing.
The US Securities and Exchange Commission (SEC) has adopted a new rule to bolster transparency to market participants through increased public availability of short sale related data. The post SEC adopts new short selling rule to bolster transparency for market participants appeared first on The TRADE.
Iress has partnered with Ediphy to enhance its offering to include fixed income for its trading customers. Jason Hoang The move will allow its clients access to a low-cost mechanism to trade fixed income, as well as access to comprehensive liquidity from fixed income providers and venues across the US, Europe and APAC.
In 2021, Boxed completed a reverse merger, acquiring Seven Oaks Acquisition in a $900 million SPAC deal in order to begin trading on the NYSE under the ticker symbol BOXD. But it’s clear Boxed struggled to make the economics of online grocery work, and it wasn’t alone.
FINBOURNE is a provider of investmentmanagement solutions and a cloud-native data management platform. According to the firm, its functionality can be utilised across the investment lifecycle, investment and operations teams to increase revenue, reduce costs and better manage risk.
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Innovation in Fixed Income. The electronic trading platform enables participants to address challenges associated with accessing liquidity and executing efficiently.
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!
Bank of America has reported a strong second quarter and first half of the year overall, despite its global wealth and investmentmanagement total revenue decreasing 4% to $5.2 The bank also highlighted that lower than average transactional volumes had contributed to lower asset management and brokerage fees.
This realisation became one of the catalysts which has sparked more of an acceptance of outsourcing parts of the trading desk among buy-side firms, something which many once considered – though some still do – an unthinkable concept. And soon, it may no longer be just a service that applies to smaller fund managers.
Ameni joined Nomura from Jefferies, where he held senior leadership positions, most recently serving as managing director for emerging markets (EM) credit trading. Before that, Ameni was a member of Nomura’s EM credit trading desk in London, until 2016.
Bloomberg has introduced a white label solution for US treasuries, allowing a wide range of broker dealers to provide liquidity for trades initiated on its platform as part of its D&I dealer initiative. The offering – which has been expanded to include US treasuries – is used by investmentmanagers and bond dealers as a pool of liquidity.
UBS appointed Carlos Salcedo head of capital markets financing sales Americas, according to an internal memo seen by The TRADE. Before joining Northern Trust Asset Management, Komoro spent six years at Mizuho Trust & Banking Co. as a fund manager for the passive and quantitative investmentmanagement department.
Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. His experience also encompasses hedge fund related roles, including futures and options trading and work on a fixed income desk.
The transaction was made with Banque de France and represents the first repo transaction in digital securities with an Eurosystems central bank. It illustrates the potential of a Central Bank Digital Currency (CBDC) to improve the liquidity of digital financial securities, said Societe Generale in an official announcement.
The Securities and Exchange Commission (SEC) has charged Pacific InvestmentManagement Company (PIMCO) $9 million for disclosure, policies and procedures violations involving two funds the firm advises on. The post PIMCO charged by the SEC for swaps disclosure and procedures failures appeared first on The TRADE.
Players are also investing in a range of solutions, like data lakes, to generate new data-driven insights that are relevant to the core business, such as using artificial intelligence (AI) to manage foreign exchange based on macroeconomic data and country sentiment intelligence. A strong push to refocus on investmentmanagement.
Asset manager Thomas Miller Investment (TMI) has selected Amundi Technology and its ALTO Investment platform to bolster its operating model and consolidate its investmentmanagement systems. By using ALTO Investment, TMI will leverage a solution covering the entire front-to-back value chain. The ALTO platform consists of tools including analysis, (..)
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. The post Goldman Sachs boosts settlement efficiency with DTCC’s CTM workflow 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.
Raquel Alves Specifically, Gravis is set to utilise Bloomberg AIM to provide operational intelligence and management for its front-office to enhance pre-trade processes and order generation workflow, as well as for fund holdings reconciliation.
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.
Hong Kong-based Marwat previously worked at Credit Suisse, focused on AES, algorithmic, and direct market access (DMA) trading, before joining Balyasny Asset Management in 2021 as a trader. His experience also includes a stint as quantitative investment strategist at ING InvestmentManagement.
As the leaves begin to fall from the trees, The TRADE Magazine is back for its autumnal third quarter edition. Regulation-wise, the US is also undergoing a major overhaul across several corners of the investment value chain from reporting to best execution to Treasury clearing. It’s a well known fact that markets globally orbit the US.
Data can be accessed from Bloomberg’s Trade Order Management System (TOMS), Bloomberg’s Asset and InvestmentManager (AIM), as well as third-party order management systems. Elsewhere, HSBC Securities and Scotia Capital were charged $15 million and $7.5
Chicago-based head of US trading at Legal and General InvestmentManagement (LGIM) Ryan Raymond has seen enough economic turmoil during his career to know what to do when markets turn volatile. Specialising in fixed income, specifically credit, Raymond has over two decades of trading experience under his belt.
Traditional boundaries are blurring as tools such as artificial intelligence, blockchain, and data analytics are disintermediating conventional trading workflows and enabling more efficient engagements. Relationships between the buy- and sell-side are evolving, with roles and responsibilities changing to accommodate new workflow behaviours.
Assets under management in Morgan Stanley’s investmentmanagement division rose to $1.4 Wealth management also reported record net revenues of $6.7 The growth supported the bank through another flat investment banking quarter seen across the street. billion, up from $1.35 alongside positive net flows.
There are different types of brokerages, each offering varying levels of service: Full-service brokerages provide a range of services including investment advice, research, and retirement planning, such as Merrill Lynch. They primarily focus on executing trades, like E*TRADE. In the U.S.,
Zaman brings more than 20 years’ experience to the role, having worked in a range of senior positions at various global organisations, including AXA InvestmentManagers, EY, and PwC. Most recently, he served as head of strategic initiatives and innovation at Investec Wealth & Investments.
The service provider landscape for outsourced trading is made up of an eclectic mix of firms. Trading is in their DNA and their executives are often straight-to-the-point in their communication. Trading is in their DNA and their executives are often straight-to-the-point in their communication.
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