The TRADE

OCTOBER 25, 2024

Jesse Forster When it comes to the industry’s opinion on “new innovative trading venues”, the latest Coalition Greenwich report found that an overwhelming 91% of both US low-touch brokers and their buy-side clients have between “a little” and “a lot” of interest in the venues.

Trading

The TRADE

AUGUST 2, 2023

A new report from Torstone Technology and Chartis Research has outlined the key challenges associated with the acceleration of settlement cycles in the US and Canada to T+1 in May 2024; with system readiness, interoperability and regulatory compliance highlighted as the main concerns.

Asset Management

Global Newswire by Notified: M&A

MAY 14, 2024

TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Virtus Capital Corporation, the asset manager of Virtus Diversified REIT is proud to announce its latest strategic move in expanding its portfolio with the acquisition of a free-standing Walmart tenanted property located in Flin Flon, Manitoba. We originally tied up this property for $5.25

Acquisitions

The TRADE

JUNE 6, 2024

In November, The TRADE is set to debut the North American iteration of its glittering awards night in New York, recognising the finest talent and commitment to the trading industry across asset managers, hedge funds, banks, brokers, exchanges and vendors.

Trading

The TRADE

FEBRUARY 9, 2024

In the current state with T+2 you have 48 hours to execute a security trade, match that trade with brokers, execute the FX and get everything settled. Jumping ahead in time, covid-19 was another external factor which put a lot of pressure on asset managers in terms of how and where work was being done.

Asset Management

The TRADE

OCTOBER 18, 2024

Dominic Rieb-Smith, managing director, international head, prime services sales, JP Morgan, refers to the past year as “a standout”. Well, fast forward to 2024 and the PB behemoth and its counterparts in the ‘big three’ are all reportedly around that coveted milestone. in April 2023, to 92% in 2024.

Broker

Razorpay

SEPTEMBER 16, 2024

The industry’s growth has been remarkable—while it took five decades to accumulate assets under management (AUM) of Rs 10 lakh crore by 2013, the following six years saw this figure more than double, reaching Rs 23 lakh crore by 2019. Fast forward to August 2024, and the AUM has now surged to an impressive Rs 66.70

Investment

The TRADE

JANUARY 3, 2024

That line-up is largely made up of independent firms, prime brokers and custodians, all of whom are enjoying a piece of the growing pie, with their own strengths and weaknesses. Raymond McCabe, founder and managing partner of Outset Global, highlights how a dozen of its frontline traders are “pure buy-side” from “big desks”.

Trading

The TRADE

MAY 24, 2024

While fingers of blame are being pointed in each direction, the bottom line is asset managers are now facing operational challenges, the notion of pre-funding trades and balancing settlement security with best execution obligations. One of the biggest talking points for asset managers and their custodians is liquidity.

Trading

Software Equity Group

AUGUST 20, 2024

The company made 21 deals in the 12-month period ending the second quarter of 2024, including six deals year to date. Valsoft’s recent notable software buys include the May 2024 ERP/horizontal deal for Progitek Dev Inc., The company made 12 software deals in the past 12 months ending June 30, including three in 2024.

Investment

The TRADE

OCTOBER 25, 2023

BMLL Technologies BMLL provides its clients – banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators immediate and flexible access to Level 3, harmonised, T+1 historical order book data and advanced pre- and post-trade analytics at scale.

Trading

The TRADE

OCTOBER 12, 2023

Taking the US market as an example, if an equity buy is traded over the day into the US close, for a non-US asset manager there becomes a very short window to get the equity trade matched, FX generated, and executed in the market in time to meet deadlines to settle on a PvP/net basis.

Trading

The TRADE

OCTOBER 24, 2023

Following this, in June, Cboe Clear Europe unveiled an initiative to introduce clearing, settlement and post-trade lifecycle management for SFT transactions in European cash equities and ETFs by Q3 2024. Upon the completion of the migration programme, Euronext Clearing claims to be be Europe’s third-largest CCP.

Trading

The TRADE

JULY 30, 2024

These innovations have attracted a wide range of investors – from institutional to retail – who seek to increase returns and manage risks in an ever-shifting market environment. Looking at the data, iShares by BlackRock reported that in the first quarter of 2024, trading volumes for US ETFs were at $10.6 billion in the same period.

Retail

The TRADE

OCTOBER 18, 2023

The new service is aimed at supporting European retail brokers in meeting best execution obligations and delivering price improvement and is accessible through LSEG’s Turquoise Plato Lit Auctions order book. Among these was the exchange group’s push into retail trading in April with the launch of Turquoise Retail Max.

Trading

The TRADE

APRIL 30, 2024

New rules have impacted almost every financial firm, ranging from banks to asset managers. T+1: With a large amount of discourse around its seismic impact, the next regulatory change on the list is the critical shift to T+1 settlement in North America set for May 2024.

Financial Institution

The TRADE

NOVEMBER 20, 2024

The highly anticipated award for Trader of the Year – Long Only went to Chris Fiorito of River Road Asset Management. Elsewhere within the buy-side category, Balyasny Asset Management took home the award for Trading Desk of the Year, while T. Rowe Price was awarded Fixed Income Trading Desk of the Year.

Trading

The TRADE

MARCH 14, 2025

JSE-FIX is a vendor, venue and asset class agnostic offering and aimed at simplifying access to South Africas secondary markets and contribute to growing the increasingly diverse community of asset managers, sell-side brokers, and technology providers in the region.

Asset Management

The TRADE

MARCH 31, 2025

The TRADE is thrilled to announce that the Leaders in Trading New York awards gala will be back for a second year following its enormously successful 2024 launch. Consider this your save the date for an evening recognising the outstanding achievements of the trading and execution industry in North America.

Trading

The TRADE

DECEMBER 20, 2024

Lisa Danino-Lewis, chief growth officer, CLS In 2024, weve witnessed a continuation in the buy-sides emphasis on adhering to best practices for mitigating settlement risk to meet regulatory expectations and to ensure robust risk management practices.

Trading

The TRADE

MAY 22, 2025

Fidelity International, inaugural winner of The TRADEs Foreign Exchange Trading Desk of the Year Award 2024 was and continues to be recognised across the street for its thriving work across the global FX space. Finding the right candidates can be a delicate balancing act.

Trading

The TRADE

MAY 8, 2025

In October 2024, the New York Stock Exchange (NYSE) proposed plans to extend weekday US equities trading on its NYSE Arca platform to 22 hours a day, subject to regulatory approvals. Meanwhile, 24X National Exchange received approval from the US Securities and Exchange Commission (SEC) for near-continuous sessions for equities trading.

Equities