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LMAX Group acquires FX HedgePool

The TRADE

The established yet agile, LMAX Group, complements FX HedgePool’s proven ability to introduce groundbreaking solutions for the modern trading desk. LMAX Group has acquired FX HedgePool as it seeks to expand its FX offering and build into a global cross-asset marketplace.

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How do Banks Make Money? Explanation, Examples

Peak Frameworks

Morgan, which offer services in underwriting and M&A advisory. Trading and Proprietary Trading Many large banks are involved in trading activities. 2019 was a notable year for trading, especially for banks like J.P. While the term "bank" may conjure a monolithic image, the reality is far more nuanced.

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Keeping ESG commercial

The TRADE

It was then that he moved onto the proprietary trading desk at the bank, mentored by former head trader at Moore Capital, Joe Cardello, and Jim Byrd, global head of macro trading at RBC. I could literally trade any product if I wanted to. “Interesting, lucrative, fun but highly unconventional,” he says.

Trading 59
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Investment Banking – Meaning, Functions and More

Razorpay

Investment Banking Services Initial Public Offering (IPO) When a privately-owned business wants to become a publicly traded company, it goes through an IPO , or Initial Public Offering. Here’s more detail into the services that investment banks provide to businesses. This is called underwriting.

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Inside the FX cut-off conundrum sparking animosity between the buy-side, CLS and custodians as T+1 looms

The TRADE

The onus is now on these providers to alleviate any workflow issues that may arise for buy-side firms looking to trade around the time of the cut offs – of which there are many. Baillie Gifford is one of a handful of firms that have opted to open a new trading desk in New York on the back of the US’ move to T+1.

Trading 64
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The changing role of the buy-side in fixed income price making

The TRADE

In this environment, those still willing to make prices are choosier with who they will trade with and are likely to charge a wider bid offer spread. The proliferation of exchange traded funds (ETFs) and flows in fixed income has also enabled a more consistent approach to pricing on the buy-side.

Trading 59