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Sand Grove Capital taps HUB for post-trade automation

The TRADE

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.

Capital 52
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JP Morgan fined almost $350 million for reporting inadequacies across ‘billions of instances of trading activity’

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.

Trading 116
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Union Investment’s trading head Hock steps away from role to pursue digital asset aspirations

The TRADE

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.

Trading 105
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Daiwa Capital Markets Europe selects former Jefferies MD for new head of equities

The TRADE

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.

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DRW to break into Hong Kong market for first time with new trading desk

The TRADE

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.

Trading 72
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HSBC’s head of artificial intelligence for markets departs for JP Morgan

The TRADE

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.

Trading 118
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Citi names new EMEA head of electronic equity sales trading

The TRADE

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.