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Sand Grove Capital Management has selected HUB, a cloud-based post-trade platform, to automate and optimise its reporting workflows. The London-based alternative investment firm, which manages $1.2 The post Sand Grove Capital taps HUB for post-trade automation appeared first on The TRADE.
JP Morgan Chase & Co has been issued with almost $350 million worth of fines and civil money penalties for inadequacies in its firm and client trade reporting program between 2014 and 2023. million also relates to the bank’s client and firm trading reporting program and was taken in coordination with the OCC.
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.
Jefferies’ managing director and head of US equity distribution in Europe, Guy Trust, has left the bank after nearly a decade to join Daiwa Capital Markets Europe, The TRADE can reveal. Previously in his career, he spent two years at Praeda Capital and a year at London Capital Group, both in trading roles focused on arbitrage strategies.
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.
HSBC’s head of artificial intelligence (AI) for markets and securities services has departed for rival bank, JP Morgan, The TRADE can reveal. Booth originally joined HSBC in 2014 as a developer for front office data, working his way up to his most recent role as head of AI for markets and securities services which he served in for four years.
Citi has named a new head of electronic equity sales trading for the EMEA region, The TRADE can reveal. Jamie Miller Based in London, Jamie Miller has been appointed to head up the division in EMEA after eight and a half years as an employee of the bank, specialising in equity sales trading, according to an update on his social media.
JonesTrading has moved its firm-wide middle office operations onto LiquidityBook’s LBX Post-Trade Hub, a suite of cloud-native solutions for sell-side middle office operations. LBX Post-Trade Hub will operate as a single, standalone middle office allocation system, interfacing with a range of front office OMS platforms and clearing brokers.
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, as revealed by The TRADE. Both Barclays and JP Morgan made new appointments within their equities trading and sales teams.
Order and execution management platform, Adroit Trading Technologies, has raised $15 million in its series A funding round led by specialised growth equity firm, Centana Growth Partners, with the capital set to be used to accelerate the business’ growth. It services the likes of Invesco.
Christoph Hock, head of multi-asset trading at Union Investment, accepted the Lifetime Achievement Award at The TRADE’s Leaders in Trading 2023 gala awards ceremony last night. The TRADE would like to extend its congratulations to Hock for his long-standing commitment and service to the industry.
Head of global FX trading, Nigell Todd, has joined as Fidelity’s advisory member. The post FXPA adds Fidelity International as new buy-side member appeared first on The TRADE. The FXPA has confirmed that Fidelity International has joined as the association’s newest buy-side member, further broadening its membership base.
" SLR was established in 2014 as part of the Basel III reforms to monitor banks Tier 1 capital. " She added on the headwind from tariffs and trade deals: "We are still looking an effective tariff rate that is 14% that is a $400 billion tax." I would careful calling for much higher market."
The World Trade Organization (WTO ) plays a pivotal role in shaping the global economic landscape. From GATT to WTO The WTO, born out of the General Agreement on Tariffs and Trade (GATT) , has been pivotal since its inception in 1995. GATT’s initial role was to regulate international trade post-WWII.
Head of London equity trading at Morgan Stanley Investment Management, Mark Perry, has retired The TRADE revealed. Perry’s retirement follows several other major retirements from buy-side trading heads in recent months. Also notable was the announcement of Jeremy Ellis’ retirement as head of European equity trading at T.
The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) jointly proposed to introduce block trading through the China-Hong Kong Stock Connect scheme in a bid to create a mutual market access programme between the two jurisdictions. In an announcement, HKEX welcomed the proposals from regulators.
Uplift was founded in 2014 by Brian Barth, who previously sold his travel startup SideStep to Kayak for $200 million. Meanwhile, publicly traded BNPL companies like Affirm and Australia’s Zip have seen their share prices plummet; Affirm was recently forced to shut down its crypto unit and lay off 19% of its staff.
In 2019, Nutting was nominated by her industry peers as one of The TRADE’s Rising Stars of Trading and Execution, and just four years later, she was shortlisted for The TRADE’s coveted Buy-side Trader of the Year Award. That same year, she was recognised by The TRADE and the industry as a Rising Star of Trading and Execution.
Kakao Pay first launched its mobile payment service in 2014. securities, lower securities trading fees and more,” Gebbia said. Note : MTS stands for the mobile trading system, not the money transfer system. It was spun off from Kakao Corp. in 2017 and it is now one of the major mobile payment players in South Korea.
Tier-1 global banks, hedge funds, asset managers, exchanges, and sovereign wealth funds have been deploying 3forge’s platform since 2014. Recently, new start-up hedge fund Jain Global – product of former Credit Suisse and Millennium Management veteran Bobby Jain – selected 3forge’s platform to support its trading activities.
Bellman joined the business in 2014 as a dealer before being promoted to dealing manager, his most recent role. Bellman was named one of The TRADE’s rising stars of trading and execution back in 2022, a recognition of the most promising talents in the industry.
Liquidnet’s head of primary markets, Jonathan Gray, is set to leave the firm after nearly a decade, The TRADE can reveal. Gray initially joined Liquidnet in 2014 as head of fixed income sales for EMEA, helping build the firm’s buy-side client base in fixed income. Stay tuned.”
The Commodity Futures Trading Commission (CFTC) has issued an order simultaneously filing and settling charges against Goldman Sachs for violating the cease-and-desist provision of a previous order. million penalty for recordkeeping failures appeared first on The TRADE. The post CFTC orders Goldman Sachs to pay $5.5
Citi has appointed Leo Arduini as interim head of FX, effectively immediately, according to an internal memo seen by The TRADE. Prior to that, Arduini held the position of EMEA head of markets, serving in the role from 2014. He will work alongside Stuart Stanley, global head of FX, up until his final day at Citi.
Gray initially joined Liquidnet in 2014 as head of fixed income sales for EMEA, helping build the firm’s buy-side client base in fixed income. Gray joined Liquidnet from Morgan Stanley, where he served as a managing director, responsible for convertible bond sales, trading risk and research.
Daniel Arnold, a managing director in equities trading, has left the business, as has Adam Lawson, a director in specialist technology equity sales, said the people, who spoke on condition of anonymity as the matter is private. Arnold previously worked as a senior trader at Oriel Securities which was acquired by Stifel in 2014.
Fiorvanti of the Delaware Court of Chancery dismissed a stockholder challenge to an amendment of the certificate of incorporation of The Trade Desk, Inc. 2014) ("MFW"). On April 11, 2022, Vice Chancellor Paul A. the "Company"). M & F Worldwide Corp., 3d 635 (Del.
Citi appointed Leo Arduini as interim head of FX, effectively immediately, according to an internal memo seen by The TRADE. Prior to that, Arduini held the position of EMEA head of markets, serving in the role from 2014. While at MarketAxess, he also led the delivery of the first cloud-based all-to-all trading protocol at the firm.
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.
He originally joined HSBC in 2014 as a developer for front office data, working his way up to his most recent role as head of AI for markets and securities services which he served in for four years. James Kirk joined independent outsourced trading services provider Tourmaline Partners as managing director.
In the first action, the SEC found that between September 2014 to August 2016, PIMCO failed to disclose material information to investors related to PIMCO Global StocksPLUS & Income Fund’s (PGP) use of interest rate swaps and the material impact the swaps had on PGP’s dividend.
Speaking to the priorities for the business generally, Michael Peters, chief executive of Eurex Frankfurt AG, asserted that “risk management is top of the agenda for both the trading side and the clearing side.” Almost a decade ago, back in 2014, Eurex clearing was a leading innovator when it came to real-time risk management.
What has your journey to the trading desk been like? There was always a real buzz of excitement around the trader, and from those early days I had trading in my sights! There was always a real buzz of excitement around the trader, and from those early days I had trading in my sights!
Fiorvanti of the Delaware Court of Chancery dismissed a stockholder challenge to an amendment of the certificate of incorporation of The Trade Desk, Inc. 2014) ("MFW"). On April 11, 2022, Vice Chancellor Paul A. the "Company"). M & F Worldwide Corp., 3d 635 (Del.
He also previously spent 16 years at Instinet as a vice president in sales trading. Macquarie Group appointed Dylan Kluth head of equites trading for Asia Pacific. Bellman joined the business in 2014 as a dealer before being promoted to dealing manager, his most recent role.
Daniel Arnold, a managing director in equities trading, left the business, ae well as Adam Lawson, a director in specialist technology equity sales, according to the sources, which spoke on condition of anonymity as the matter is private. Arnold previously worked as a senior trader at Oriel Securities which was acquired by Stifel in 2014.
Announced earlier this month, global head of trading, Dan Royal, is set to step away from his role at the end of this year. Sitting down with The TRADE, Spencer explains this plan of succession has been in place for several years, attributing its success to the planning and preparation that has gone into implementing it.
Zooming out further, it's clear that AMD has a history of enduring deep, multi-month corrections — four such periods since 2014. However, context matters: the advance follows a nearly 70% decline from AMD's early 2024 highs. In each case, the stock not only bounced but did so with strength far surpassing the prior decline.
But running through the Brighton born and bred Papanichola’s veins is an activist streak that has continued to influence his decisions and shape the course of his career to date, ultimately leading him to his current role as head of trading at London-based activist hedge fund, Bluebell Capital Partners.
In fact, many of our clients learn that they did not sell out, they in fact traded up. The firm was founded in 2014 by Michael Fletcher and Al Sica, two of the industry's leading insurance M&A advisors who have closed over $6 billion in insurance agency and brokerage transactions since 2014.
The relationship between banks and their clients has shifted in recent years as the advancement of technology has encouraged a broader range of firms to become more autonomous with how they execute smaller trades and less risk averse with larger ones. a smart router is one of the most important components on any platform today.”
By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success It has been a maritime trade hub for centuries, but it’s tech companies in Bristol that are making waves today. Founded in 2014, their custom-made arms use sensors to detect muscular contractions in the forearm to dictate hand movements.
Smaller agencies (>$1M) have been trading for especially lower valuation multiples over the last few years, making the potential ROI for prospective buyers significantly higher. They do, however, reinforce our observation that the stagnation affecting many other sectors in M&A has not hit nearly as hard for insurance agencies.
For reference, Accenture currently trades at ~3x revenue, IBM trades at 3 – 4x revenue, and Cognizant trades at ~2x revenue. Many VCs seem to assume they’ll get SaaS revenue multiples of 5 – 10x if/when these companies go public, but I believe services-like multiples are much more likely. vs. how much money it makes.
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