Global Banking & Finance

JUNE 21, 2023

UK’s Berkeley forecasts 20% drop in house sales as interest rates rises weigh By Suban Abdulla and Aby Jose Koilparambil (Reuters) -British high-end housebuilder Berkeley on Wednesday forecast a 20% drop in sales for the fiscal year that began on May 1, as demand suffers from rising interest rates and tough trading conditions due to […] (..)

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The TRADE

JUNE 22, 2023

Aquis Exchange has promoted two of its long-standing employees to take up new roles as head of sales and head of liquidity and trading strategies. Pasquale Crispi has been promoted to head of liquidity and trading strategies after serving at the exchange for just under 10 years as a director of sales and business development.

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The TRADE

MARCH 25, 2024

The London Stock Exchange Group (LSEG) has moved to expand its business development division under Richard Worrell with the appointment of a former Citi individual, The TRADE can reveal. Reesha Radia is set to join the exchange in April as a senior manager in business development and sales. LSEG confirmed her appointment.

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The TRADE

FEBRUARY 19, 2025

Liquidnet has made two new appointments within its multi-asset services team, adding Patric Okumi and Samuel Lowres to lead multi-asset sales. Patric Okumi, Samuel Lowres Okumi joins Liquidnet multi-asset services team from TP ICAP Group, where he spent the last 11 years in broking and trading-related roles.

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The TRADE

MARCH 21, 2024

US-based block trading start up OptimX has selected a former Virtu buy-side sales specialist to become its new head of institutional sales, The TRADE can reveal. Michelle Butler joins OptimX to head up its buy-side business after most recently serving at Virtu for 19 years, managing sales for its POSIT Alert business.

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The TRADE

JANUARY 23, 2024

Omar Darwish has joined fintech pioneer GTN as equity sales trader following a three-and-a-half-year stint at Arqaam Capital. His appointment comes as GTN continues its expansion efforts to build a comprehensive electronic trading and investment platform. The post GTN appoints new equity sales trader appeared first on The TRADE.

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The TRADE

FEBRUARY 28, 2024

Stuart Parris has been appointed head of sales at Euronext FX, overseeing a global sales team covering the Americas, EMEA and APAC regions. Parris has been with the business since 2018 and has held different senior roles during his tenure, most recently as director, EMEA sales focused on sell-side tier 1 client engagement.

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The TRADE

DECEMBER 18, 2024

Stuart Lawrence has been appointed head of European equities trading at UBS Asset Management four and a half years after he joined the firm in June 2019. He was most recently head of UK equity trading at UBS Asset Management, having previously served as a high touch equity sales trader at Kepler Cheuvreux.

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The TRADE

MARCH 13, 2024

BTIG has made two key appointments including promoting Troy Donohue to head of Americas portfolio trading and hiring Henri Taylor as director within electronic trading sales. Elsewhere, Taylor brings over 20 years’ experience in electronic trading sales to the firm.

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JD Supra: Mergers

OCTOBER 2, 2024

Ninth Circuit Affirms Dismissal of Insider Trading Claims Against Satellite Operator Investors Based on Stock Sales After FCC Chairman Vote - In re Silver Lake Grp.,

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Securities Investors Stock Trading 192

The TRADE

DECEMBER 4, 2023

Trading Technologies (TT) has made three new appointments to its senior leadership team, including chief operating officer; executive vice president of fixed income; and executive vice president of futures and options – all of which will join the firm on 1 January 2024.

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The New York Times: Mergers, Acquisitions and Dive

AUGUST 1, 2024

The e-commerce giant’s stock dipped about 5 percent in after-hours trading after lower-than-expected guidance.

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The TRADE

FEBRUARY 3, 2025

Investec Bank is set to launch a new electronic trading platform aimed at facilitating low-touch equity trading, The TRADE can reveal. Investecs market expertise spans the UK and South Africa, and trades in 64 markets from these two regions.

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Electronics Trading Consulting Mergers and Acquisitions 52

Global Banking & Finance

NOVEMBER 7, 2024

By Savyata Mishra (Reuters) – Ralph Lauren raised its annual sales forecast on Thursday, on strong holiday demand for its expensive cashmere sweaters and shirts as wealthy customers remain undeterred by price hikes. Shares of the luxury retailer rose 5% in early trading as the company also beat its second-quarter results.

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The TRADE

MARCH 22, 2024

HSBC has appointed Matthew Stanton as managing director, head of equities sales trading for Americas. Stanton joins HSBC from Primary Portal, where he served as a sales consultant. Prior to that, he spent just over seven years at Barclays, most recently serving as managing director, head of cash sales trading, Americas.

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JD Supra: Mergers

AUGUST 16, 2024

The Supreme Court confirmed in Centrica Overseas Holdings Ltd v HMRC that the tests for trading and management expenses of a capital nature are the same.

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Capital Management Sale Trading 165

The TRADE

JULY 19, 2023

More than three quarters of surveyed prop trading firms confirmed said volatility trading strategies had out-performed other markets last year, according to a new report from Acuiti. Around a third of surveyed firms which are not currently trading volatility products confirmed their intention to do so going forward.

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JD Supra: Mergers

SEPTEMBER 15, 2023

Two Sides of the Same Coin: Analyzing the Recent Ripple and Terraform Decisions - Key Points - - In July 2023, Judges Torres and Rakoff in the Southern District of New York issued rulings on whether digital asset sales through trading platforms constitute securities transactions subject to the federal securities laws.

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JD Supra: Mergers

JANUARY 26, 2024

Seyfarth Synopsis: On January 22, 2024, the Federal Trade Commission (FTC) announced that the 2024 threshold for applying the size-of-parties test of the Hart-Scott-Rodino (HSR) Act will increase from $111.4 million to $119.5 Deals that exceed this $119.5 million threshold may need to be reported to the FTC and U.S. By: Seyfarth Shaw LLP

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The TRADE

AUGUST 30, 2023

Union Investment’s Christoph Hock is set to step away from his role as head of multi-asset trading later this year to pursue an opportunity in digital assets and tokenisation within the asset management firm, The TRADE can reveal. Union is bolstering its digital assets division, The TRADE understands.

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Trading Asset Management Management Portfolio Management 105

The TRADE

FEBRUARY 12, 2025

Clear Street has hired four trading and execution experts into its UK leadership team as it seeks to bolster its presence in the jurisdiction. The post Clear Street appoints trading experts to senior positions as it bolsters UK operations appeared first on The TRADE.

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JD Supra: Mergers

JUNE 21, 2024

We have been reporting on the Federal Trade Commission’s continuing effort to block Novant Health’s purchase of Lake Norman Regional Medical Center and Davis Regional Psychiatric Hospital from Community Health Systems. Last week, the U.S.

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Hospitality Medical Sale Trading 165

TechCrunch: M&A

MAY 17, 2023

Securities and Exchange Commission due to the nature of XRP token sales. billion from sales of the XRP token. Metaco has been working with institutional customers to provide them several enterprise-grade solutions, such as custody, orchestration, trading and more. In 2020, Ripple and its team faced a lawsuit from the U.S.

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The TRADE

OCTOBER 21, 2024

The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2024. The winner will be decided by a live industry vote at The TRADE’s Leaders in Trading gala awards night on 7 November at The Savoy. Congratulations to this year’s shortlisted nominees!

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The TRADE

JANUARY 3, 2024

Simon Gallagher, chief executive, London and head of global sales, Euronext We think that the introduction of an anonymised, single-level pre- and post-trade consolidated tape will trigger innovations at trading venues. We see the entire post-trade space becoming more and more of a platform business.

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The TRADE

APRIL 11, 2024

Euronext has appointed former Credit Suisse sales trader Nathalie Ruiz as head of continental equity sales. Ruiz previously spent nearly 12 years at Credit Suisse, most recently as director, sales trader for Credit Suisse’s suite of algorithmic trading strategies, Advanced Execution Services (AES).

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The TRADE

DECEMBER 14, 2023

The petition explains that despite the two closely related rules being finalised on the same day, the SEC adopted vastly different reporting requirements, leading to a contradictory approach to the two aspects of the same underlying transaction – “the short sales themselves and the loans of securities to facilitate those short sales”.

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The TRADE

OCTOBER 9, 2024

Jason Green has been named director at BNP Paribas, focused on systematic macro sales following 10 and a half years at Morgan Stanley. Whilst at Morgan Stanley he most recently served as executive director in electronic FX institutional sales. Before that, Green worked in fixed income derivatives solutions at Barclays Investment Bank.

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The TRADE

JUNE 19, 2024

UBS has appointed Carlos Salcedo head of capital markets financing sales Americas, according to an internal memo seen by The TRADE. Effective from 1 September, Salcedo will be based in New York, reporting to Dan Murphy, Americas head of franchise sales. As part of the role, he helped enhance Barclays’ custom baskets business.

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Capital Market Finance Finance Sale 69

The TRADE

OCTOBER 3, 2024

Stifel has selected a former Instinet executive to join its ranks as managing director and head of execution services for EMEA, The TRADE can reveal. Prior to joining Instinet, Arora spent almost 11 years at Kepler Cheuvreux in senior execution services sales roles. Stifel did not respond to a request for comment.

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The TRADE

SEPTEMBER 25, 2023

Electronic market maker Optiver has selected Philippe Rizzo to join its institutional sales team, effective from 9 October. Rizzo’s new role will be focused on cash equity sales in France, Belgium, Luxembourg and Switzerland. Rizzo will join Optiver from Instinet, where he previously served as a global equity sales trader.

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Sale Equities Electronics Trading 72

CNBC: Investing

SEPTEMBER 18, 2023

The Wall Street investment bank advised clients to focus on identifying companies capable of growing sales at a fast pace.

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IPO Investment Banking Trading Sale 102

The TRADE

MARCH 5, 2024

BNY Mellon has made two key senior managing director hires into its fixed income and equity sales and trading businesses. Gould joins BNY Mellon after three years at RBC Capital Markets where she previously served as co-head of equities electronic sales and trading.

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The TRADE

APRIL 25, 2025

Prior to joining Liquidnet, he held the position of head of EMEA execution sales at Citi from 2009 to 2015. He has also worked in director positions with a focus on portfolio sales, analytics, and sales trading at SBC Warburg and Merrill Lynch. Jackson confirmed his position in a social media announcement.

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The TRADE

JANUARY 17, 2024

Trading volumes executed electronically by equity investors increased last year, accelerating the evolution of the US stock trading business into an increasingly complex, technologically driven market structure. The post E-trading platforms experienced increased share of US equity trading volume in 2023 appeared first on The TRADE.

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The TRADE

JANUARY 7, 2025

As part of the role, she oversaw equity capital markets (ECM), trading and post-trade activities. Earlier in her career, Day held senior roles at Dresdner Kleinwort, as well as serving as director of equity sales at Panmure Gordon. The post AFME appoints new head of capital markets appeared first on The TRADE.

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The TRADE

FEBRUARY 10, 2025

LMAX Exchange has appointed Daniel Lavigne as head of buy-side sales for Canada. As part of the new role, Lavigne will report to Franz Schmidpeter, global head of buy-side sales. The post LMAX Exchange names new Canadian head of buy-side sales appeared first on The TRADE.

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