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With mounting geopolitical tensions, multinationals face a very real and immediate risk of being deprived of profits, control or even ownership of some wholly or partially owned local businesses. By: Skadden, Arps, Slate, Meagher & Flom LLP
Australia-based digital FX, riskmanagement and payments company Instantia has selected ION Foreign Exchange (FX) for the trade execution, trademanagement, risk and settlement management of its FX business.
The bank will now adopt three additional modules of the solution, making MARS its primary riskmanagement system. The MARS market risk module integrates to offer a solution which supports riskmanagement and data workflow, providing scalability alongside allowing increased growth of CBI’s treasury business.
In the constantly evolving financial markets landscape, where volatility and complexity are continually featured, the ability to discern the true costs of trading has become paramount for investors and institutions alike. However, reservations about its usage still exist among users.
Likewise, rather than using long-dated FX forwards of up to a year or two, many fund managers chose to lock in rates of up to six months or less to add an extra layer of flexibility and nimbleness should the market move against them. As the FX swaps market grows, we expect to see regional banks trade more FX swaps.
Delikaris rejoins the firm from Coinbase, where he most recently served as head of digital finance trading. Prior to that, he spent nine years at State Street, serving as managing director, global head of AAPS – a role he will reprise. Previously, he served as State Street’s global head of algorithmic trading, securities finance.
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. However, whether or not all firms are able to monetise the tool by managingrisk effectively in today’s environment, is up for debate.
LMAX Exchange Singapore – LMAX Group’s subsidiary – has received regulatory approval to offer Non-Deliverable Forward (NDF) trading in both Singapore and London. The post LMAX Group given green light for NDF trading in both Singapore and London appeared first on The TRADE.
Broadridge has launched a global futures and options (F&O) software-as-a-service (SaaS) platform, aimed at expanding derivatives trading capabilities. The post Broadridge launches global futures and options trading platform appeared first on The TRADE.
The London Stock Exchange Group (LSEG) has moved to further expand its post-trade capabilities with the acquisition of Axoni’s post-trade technology. Amongst the new technology acquired by LSEG is Axoni’s Veris network, a post-trade lifecycle and reconciliation management platform for equity swaps that launched in 2020.
Algorithmic trading, popularly called algo trading, has perhaps changed the way traders analyze data and make investment decisions in the digital financial market. It has introduced an advanced approach to trading that combines unprecedented speed, precision, and efficiency. This is where Nurp steps […]
The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2023, with considerable improvement across data and analytics, capital markets, and in particular, post-trade. LSEG labelled 2023 an “outstanding” year for post-trade, having seen significant strategic progress. rise year-on-year as compared to 2022.
The London Stock Exchange Group (LSEG) has reported positive first half results on the back of strong growth in its data and analytics and post-trade divisions. Total income grew to £4 billion, marking an 8% increase in comparison with H1 results from 2022, largely thanks to an “outstanding” 19% growth in post-trade revenues.
Getaround’s stock soared 135% in after-hours trading on the news, reaching a high of $0.80. The combined company’s stock began trading at around $10 per share, but promptly plummeted. HyreCar brings other assets to the table, including extensive user data and strong riskmanagement solutions, according to Zaid.
As part of the move, ION’s Fidessa trading platform is now certified for cash equities trading on BSE. After completing the audit process, BSE has since certified Fidessa as compliant with all relevant exchange rules and regulatory standards, allowing exchange members to use the platform for equities trading on BSE.
Hedge funds are significant players in financial markets given the size of their capital bases and the frequency of their trading. as of the end of 2020, hedge funds managed approximately $3.6 One widely cited estimate is that hedge funds account for around 5-6% of total equity trading volume in the US.
CME Group has launched repo on corporate bonds and mortgage-backed securities (MBS) on its dealer-to-client (D2C) request-for-quote (RFQ) trading platform, BrokerTec Quote. US corporate bonds began trading yesterday, 20 May, with the remaining products expected to be live by the end of next month.
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.
SpectrAxe and OSTTRA have partnered on an end-to-end service aimed at streamlining FX options trading through automation of the entire process. Patrick Philpott, product design lead, FX and securities at OSTTRA, said: “Automating the post-trade workflow is crucial for enhancing operational efficiency and reducing risk.
ION has become registered as an independent software vendor for algorithmic trading on BSE (formerly Bombay Stock Exchange). The development will enable exchange members to use IONs Fidessa algorithmic trading functionality on BSE. In June last year, ION received approval to become an equities trading vendor on BSE.
Industry stalwart Dan Hinxman has 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.
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. Riskmanagement and recovery will be improved by this in the event of a systemic outage such as a cyberattack or technology failure.
Blue Ocean Technologies (BOT) and Members Exchange (MEMX), have entered a technology partnership in which the latter’s market-as-a-service trading system will operate the Blue Ocean ATS global trading platform. Last year, BOT continued to expand globally with a focus on extending its trading model in Asia-Pacific.
The desk has been focused on equipping itself with advanced data analytics to enable traders to make more data-driven decisions related to pricing and riskmanagement, and to utilise this data to make us more relevant to our clients based on client insights analysis.
Citi has created two new equities roles, appointing from within, in a bid to drive its equity business strategy and “cement the gains made in the derivatives business,” according to an internal memo seen by The TRADE. The post Citi appoints from within for two new global equities trading roles appeared first on The TRADE.
Marex has become a trading and clearing member of Singapore Exchange Group (SGX), which will allow the firm to offer direct trading and clearing services to clients across SGX. Marex’s clearing business offers infrastructure services to a range of clients including banks, hedge funds, asset managers, corporates and trading groups.
BlackRock has promoted from within for its new head of European credit trading, according to an update on social media. Dean Catton has been selected to take the helm for the asset manager’s European credit business after spending the last two years as its head of European leveraged finance trading for its alternatives business.
Trading Technologies International (TT) has unveiled two new dedicated business lines, TT Compliance and TT Quantitative Trading Solutions (QTS), to fuel growth for 2024 across asset classes. The post Trading Technologies launches two business lines to support company’s expansion into new asset classes appeared first on The TRADE.
The increasing global trade and e-commerce demands, growing concerns about cargo theft and terrorism, stringent regulations and compliance requirements, rising focus on supply chain visibility and riskmanagement, is fueling the market's growth. The global Smart Mirror market size is expected to reach USD 6.25
The first three recommendations focus on enhancing liquidity riskmanagement practices and governance. FSB’s report highlights the critical balance between margin and collateral calls as necessary riskmanagement measures and their potential to amplify liquidity demand during periods of stress.
Kerim Acanal, global head of emerging markets, Tradeweb The request-for-market (RFM) protocol will continue to be the next frontier for electronic trading in emerging markets. In today’s ever-changing financial landscape, RFM allows clients to not reveal the direction of the trade, therefore minimising the footprint of their transaction.
Derivatives volumes in Asia-Pacific (APAC) are growing at a considerable rate – contrasting declines in Europe and marginal growth in the US – presenting increased opportunities for European proprietary trading firms and hedge funds. Trading Technologies has long recognised the tremendous trading opportunities in the APAC region.
Surveyed risk professionals were nearly split in their responses to feeling either confident or somewhat confident with their riskmanagement processes during normal market conditions. Only 2% of surveyed risk professionals said they were not prepared at all.
Trading Technologies International (TT) has appointed Gavin Miller its new director of EMEA sales – TT Fixed Income, his move follows almost five years at fixed income aggregation and surveillance technology business, Algomi. The post Trading Technologies hires in ex-Bloomberg expert as EMEA director appeared first on The TRADE.
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.
Day trading has become a popular practice among finance professionals, offering opportunities to capitalize on short-term price movements. Scalping involves executing quick trades with small profit targets, aiming to capitalize on short-term price fluctuations. One such technique gaining traction is scalping.
In addition, Banorte uses MARS Front Office and MARS Counterparty Risk solutions, alongside MARS Hedge Accounting, which offer the firm a complete set of riskmanagement capabilities. The post Bloomberg selected by Banorte to support regulatory compliance for monitoring derivatives hedging appeared first on The TRADE.
The acquisition enhances global reach in Sugar, Coffee, Cocoa, Grain & Oilseed, and deepens experience in Commodities Trading and RiskManagement The acquisition enhances global reach in Sugar, Coffee, Cocoa, Grain & Oilseed, and deepens experience in Commodities Trading and RiskManagement
The Securities and Exchange Commission (SEC) has adopted major rule changes for the $26 trillion US Treasury market requiring more trades to be centrally cleared. Bottom line: most repo must be cleared; Treasury trades between dealers must be cleared; dealer and customer margin must be kept separate.”
The BlackRock EMEA equity trading team picked up The TRADE’s highly coveted Trading Desk of the Year, Long-Only award at the Leaders in Trading 2023 event in November. And that is exactly what the London-based trading team embodies. Every day is different, and markets are evolving at a phenomenal pace.
Pete Borstelmann The two firms plan to establish connectivity to their respective protocols and liquidity pools, with the move set to enable ICE Bonds’ automated trading system (ATS), ICE TMC, and MarketAxess’ Open Trading network to communicate with each other directly, enhancing depth and reach for users globally.
IEX Group has announced the launch of a US options exchange to partner with liquidity providers to tackle riskmanagement challenges faced in the options markets, subject to regulatory approvals. The post IEX Group to launch its first options exchange appeared first on The TRADE.
. “In today’s complex and fast-paced investment landscape, real-time performance attribution can provide transparency and clarity regarding the drivers of financial returns, particularly in portfolio construction and active riskmanagement,” said Lars Ole Hansen, global product manager at SimCorp.
The addition of these treasury bond futures will help regional and global investors interested in accessing China manage their interest rate and investment risks more effectively, according to HKEX. ” The post HKEX reveals plans to launch China treasury bond futures appeared first on The TRADE.
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