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Nomura AssetManagement Mark Molloy has confirmed his departure from Nomura AssetManagement, where he most recently served as senior trader. He has now joined Morgan Stanley Investment Management as a macro trader.
A recent government initiative announced on March 5, 2024 signals that more antitrust scrutiny for private equity firms and assetmanagers is on the horizon. By: Paul Hastings LLP
BlackRock equity trading vice president Zachary Goodwin has left the firm to join investment management firm CPP Investments, The TRADE can reveal. Rowe Price, Balyasny AssetManagement, Fidelity Investments and MFS Investments.
Liquidnet has appointed Michael Fidance as head of CEEMEA equity markets as part of the firm’s efforts to drive growth across the region. Prior to this, he also served as head of sales for CF Global Trading in Europe before the firm was acquired by State Street in 2024.
UK assetmanager Liontrust AssetManagement is exploring outsourcing parts of its trading to BNY, according to an update released this morning. Liontrust was awarded the Multi-Asset Trading Desk of the Year and Mid-Cap Trading Desk of the Year by The TRADE in 2022 and 2017 respectively.
Institutional investors, assetmanagers and hedge funds are invited to rate the service, features and capabilities of their algo providers in The TRADE’s 2024 Algorithmic Trading Survey. The post The TRADE launches the Algorithmic Trading Survey for 2024 appeared first on The TRADE.
Ray Tierney, president of Broadridge Trading and Connectivity Solutions (BTCS) Data driven thinking and the integration of digital technology will reshape industries and propel companies forward heading into 2024. Michelle Tran, president, TMX Datalinx Demand for high-quality and differentiated data products will intensify in 2024.
The TRADE is delighted to announce the Rising Stars of Trading and Execution for 2024, in collaboration with Instinet – a celebration of up and coming talent on the buy-side. Previously recognised individuals have gone on to head up some of the largest and most successful desks across leading assetmanagers and hedge funds.
Global head of equity trading at Janus Henderson, Dan Royal, accepted a Lifetime Achievement Award from The TRADE last night at the first ever Leaders in Trading New York awards ceremony. After 10 years in his first role, Royal moved to SJO AssetManagement where he spent two years as a senior global trader based in Geneva.
Martin Hendry, deputy head of trading, Liontrust AssetManagement As we peer into the crystal ball for 2024 trading, a notable shift is anticipated with the adoption of T+1 settlement for US equity transactions. What challenges will Asian and European assetmanagers face with their FX overlay process?
The US move to T+1 settlement was passed through in a bid to increase the efficiency of market operations, however an Acuiti report has stated that 53% of assetmanagers believe that the move will not make US equities more attractive. European authorities are preparing EMIR 3.0
BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses. Bianca Gould was appointed head of fixed income and equities EMEA, based in London. Paul Battams was named head of international equity trading at BlackRock following 23 years with the firm.
Digital platform FactSet is set to integrate LoopFX into its foreign exchange execution management system (EMS) platform – Portware, with go-live set for H1 2024. The post FactSet FX trading platform to integrate LoopFX appeared first on The TRADE.
Sinet brings 10 years of trading experience to his new position and previously worked as a credit trader at Mizuho from April 2023 to November 2024. Sinet brings 10 years of trading experience to his new position and previously worked as a credit trader at Mizuho from April 2023 to November 2024.
Samuel Henderson, EMEA equities head trader, Invesco I predict we will see increased flows into international equities and active management coming back into vogue amidst a rise in earnings and macro volatility. Traders will need different tools as well as the counterparties to navigate.
The TRADE is delighted to announce the shortlists for the Leaders in Trading 2024 Buy-Side Awards, in partnership with SIX Swiss Exchange. The post Leaders in Trading 2024: Buy-side shortlists revealed, voting now open appeared first on The TRADE. Voting will close on Friday 18 October.
RBC BlueBay AssetManagement The market is already pricing in rate cuts in Q1 although I, along with many others, don’t believe they will begin before the end of H1. This uncertainty will lead to heightened equity volatility in 2024. When volatility rises, convertible bonds tend to outperform equities.
Eric Heliene, head of buy-side trading desk, Groupama Asset Management The intensification of financial regulation is a fundamental trend transforming the assetmanagement ecosystem. The planned transition to T+1 settlement in 2024 and the forthcoming revision of Mifid II are poignant examples of this.
Frankfurt-based Chom Capital GmbH is an owner-operated assetmanagement boutique, licenced to conduct financial services in the form of investment brokerage, investment advice, contract broking and financial portfolio management.
Balraj Bassi, co-founder and chief executive officer, Tradefeedr Data analytics in financial markets has reached the point where clients have access to complete global data sets, and we see 2024 as the year where this will drive change in how counterparties interact and in automating trading workflows.
What is driving the purported ‘comeback’ of traditional assetmanagers? This alone was enough to make institutional assetmanagers wary of making moves. However, macroeconomic uncertainty, particularly due to historic inflationary pressures and rising yields, kept traditional assetmanagers cautious.
Across the board banks have reported increasingly positive equities performances, a notable development following turbulent recent times. Jane Fraser While equities performance either grew or remained flat across the sell-side, the banks posted less impressive growth in fixed income, however. Equity markets revenue was $2.7
UK assetmanager Liontrust AssetManagement is exploring outsourcing parts of its trading to BNY, according to an update released this morning. Liontrust was awarded the Multi-Asset Trading Desk of the Year and Mid-Cap Trading Desk of the Year by The TRADE in 2022 and 2017 respectively.
NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments and New Age Alpha today announced a definitive agreement under which New Age Alpha will acquire Guggenheim Investments' actively managedequity funds business. billion out of Guggenheim Investments’ more than $234 billion in total assetsmanaged.
It also offers assetmanagers a range of indexing and digital distribution solutions to scale their businesses. ” VettaFi will be included in TMX’s Global Solutions, Insights and Analytics segment, with the transaction expected to be completed in January 2024, subject to customary closing conditions.
September 2, 2024 – The software mergers and acquisitions (M&A) marketplace has been bustling with activity in the first half of 2024, reflecting the sector’s robust growth and strategic consolidations. So far in 2024, several high-profile transactions set the tone for the year. billion buyout of Nuvei.
Imogen Hepsworth has been appointed to the desk at the London-headquartered assetmanager after spending the last four and a half years at MarketAxess in a facilitation trading role. We are delighted to continue our growth momentum into 2024, and welcome Imogen to our team,” Nicholls told The TRADE.
As equity traders continue to seek ever more innovative ways to bolster their offerings, the rise of Alternative Trading Systems (ATSs) has followed – currently executing around 16% of all US equity volume. This huge number is understandable given the significant amount of all US equity volume being executed on ATSs.
In fact, overall, 2024 has proved to be a banner year for algorithmic trading providers, with the overall rating for performance sitting at 5.86 – significantly higher than 2023 and demonstrating the highest survey average from hedge fund respondents since we began tracking their results separately in 2016.
Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG). He will join the exchange group as head of secondary markets sales and business development in January 2024, sources have confirmed.
Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG), The TRADE can reveal. He will join the exchange group as head of secondary markets sales and business development in January 2024, sources have confirmed.
Northern Trust has been selected to provide outsourced trading to global assetmanager Nedgroup Investments via its Integrated Trading Solutions (ITS). David Roberts, head of fixed income at Nedgroup Investments, asserted: “It’s difficult to over-estimate the importance of access to market liquidity in bond fund management.
Exchange and clearing house operator Cboe Global Markets is planning to introduce a central counterparty (CCP) clearing service for securities financing transactions (SFT) in Q3 2024. Settlement will take place in 19 European Central Securities Depositories (CSDs).
Read more: T+1 Industry Issues Forum 2024: Funding and FX challenges The imminent shift to T+1 in the US is a clear catalyst for this move as Asia-based assetmanagers expect big challenges due to the time differences. In addition, the offering includes coverage from multiple trading locations.
Jumping ahead in time, covid-19 was another external factor which put a lot of pressure on assetmanagers in terms of how and where work was being done. For a lot of managers, FX can be considered an uncompensated risk since you’re not really being paid to manage the FX.
As a result, they stand nominated for our 2024 Female Trailblazers of SaaS list as part of International Women’s Day. The 2024 Female Trailblazers of SaaS Trailblazers are listed in alphabetical order by company name. The post Meet the 2024 Female Trailblazers of SaaS appeared first on Software Equity Group.
As a result, they stand nominated for our 2024 Female Trailblazers of SaaS list as part of International Women’s Day. The 2024 Female Trailblazers of SaaS Trailblazers are listed in alphabetical order by company name. The post Meet the 2024 Female Trailblazers of SaaS appeared first on Software Equity Group.
As a result, they stand nominated for our 2024 Female Trailblazers of SaaS list as part of International Women’s Day. The 2024 Female Trailblazers of SaaS Trailblazers are listed in alphabetical order by company name. The post Meet the 2024 Female Trailblazers of SaaS appeared first on Software Equity Group.
If you have for example bonds and FX, it’s very easy to trade that in a single EMS, and the same with equity and FX also.” James Barnett, multi-asset trader at Manulife Investment Management, addressed the fact that there are currently no plans to move in that direction.
Tension is lingering between non-US traders, custodians and CLS over FX deadlines ahead of the rollout of T+1 settlement for equities in North America next week, with frustration and confusion over cut-offs leading to ongoing worries of increased risk for the buy-side. CET – would take “considerable time to implement”.
It wouldn’t be The TRADE Magazine without a large helping of exclusive buy-side content for you to sink your teeth into and this quarter we’re delighted to feature Bluebell Capital Partners’ head of trading Pete Papanichola and Robeco’s global equity trading desk as our cover star and Meet the Desk interview, respectively.
The pan-European central counterparty (CCP) has approval to clear cash equities, depositary receipts, ETFs, and equity derivatives (index futures and options). Its overall market share for cash equities clearing was 34% in the first half of 2023, an year-on-year increase from 2022.
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