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UK assetmanager Liontrust AssetManagement is exploring outsourcing parts of its trading to BNY, according to an update released this morning. Liontrust and BNY declined to comment when reached out to by The TRADE. Most recent was news in December that Avanza Fonder had outsourced to Northern Trust.
Jim Kaye, Executive Director at the FIX Trading Community Next year will be the year of preparation. Market participants readiness for key milestones, like the anticipated go-live of the European consolidated tape (CTP) in 2025 or the transition to T+1 settlement in the UK/EU in 2027, will be critical to ensure long-term success.
Nikko AssetManagement is set to rename itself as Amova AssetManagement on 1 September 2025. The post Nikko AssetManagement to rename as Amova AssetManagement appeared first on The TRADE.
Oaktree Capital Management has agreed to acquire Close Brothers AssetManagement (CBAM) – the wealth management arm of Close Brothers – for an equity value of up to £200 million, set to be completed in early 2025 pending customary regulatory approvals.
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. Peel Hunt Peel Hunt’s head of electronic and program trading Nishad Vallonthaiel is departing for pastures new, The TRADE can reveal.
UK assetmanager Liontrust AssetManagement is exploring outsourcing parts of its trading to BNY, according to an update released this morning. Liontrust and BNY declined to comment when reached out to by The TRADE. Most recent was news in December that Avanza Fonder had outsourced to Northern Trust.
The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets. It is expected to be signed at the end of 2024 and close in mid-2025, pending relevant regulatory approvals. The merger will create a mega-manager and leading player in the European sphere with roughly €1.5
Investment manager Franklin Templeton has become the latest buy-sider to integrate BlackRock’s flagship order management platform, Aladdin. The transition will begin in Q2 2025 and will be made up of phases over several years. Aladdin supports the entire investment management process across asset classes.
The transaction is expected to complete in Q2 2025, subject to regulatory approvals. This deal is understood to be a key step toward Clearwaters plan of building the first cloud-native front-to-back platform for the entire investment management industry. billion deal appeared first on The TRADE.
Royal London AssetManagement’s (RLAM) trading team is no stranger to change. The London-based assetmanager has undergone not one but three makeovers in recent years as it continues to evolve with the demands of the street. More recently though, RLAM’s trading team has undergone another revamp.
UK-based assetmanager Artemis has selected Northern Trust to provide outsourced trading services for its equities and derivatives activity, effective January 2025. Northern Trust will support all trading activity for Artemis’ equity funds under management and all related over-the-counter and exchange-traded derivatives.
The Green Impact Exchange (GIX) is on track to becoming the first sustainability-focused securities exchange in the US to file with the US Securities and Exchange Commission (SEC), and if approved, could begin operations in early 2025. It means your company is sincere in its motivation to follow through on those promises.
The solution, called SIX Fixed Income Data, is designed to provide banks, assetmanagers, wealth managers and hedge funds globally with reliable fixed income data, based off an array of information sourced from global markets. The post SIX launches new data offering for global fixed income markets appeared first on The TRADE.
Citi has promoted John McLean to head of equity capital markets (ECM) and global assetmanagers (GAM) for Australia and New Zealand following more than two decades at the firm. The post Citi names new head of ECM and GAM for Australia and New Zealand appeared first on The TRADE.
FlexTrade and Propellant Digital have collaborated on actionable pre-trade insights for T.Rowe Price’s fixed income trading teams. Firstly, the continued electronification in fixed income and the need to handle increasingly sophisticated data sets have seen desks needing technology to handle their bond trading activities efficiently.
In the first half of 2024, research budgets have increased both as a proportion of assets under management as well as in absolute terms, Substantive Research has found. As a proportion of assetsmanaged, US budgets rose 15%, with European budgets up a more modestly by 4%.
What has your journey to the trading desk been like? I spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. My day may range from trading liquid US stocks to more illiquid European names.
The current timeline for the UK appears to include a plan being put in place in 2025 with the implementation of a T+1 settlement cycle in UK occurring no later than 31 December 2027. When we proposed the rule in February 2022, only about two-thirds (68%) of transactions were being affirmed on trade day. Gensler said.
Pending regulatory approval, the transaction is set to be completed in Q1 2025. Robert Swaak The acquisition is set to enhance the assetmanagement segment of ABN AMRO’s business, as well as strengthening its wealth management and E&E (entrepreneur and enterprise) offerings.
The post Cboe outlines why its clearing service for securities financing transactions will succeed where others have failed appeared first on The TRADE.
The loan term will run until June 2025, with an option to extend by another year. Anthony Maarek, managing director of NJJ Holding – of which Rock is a subsidiary, said: “GAM is an important long-term strategic investment for NJJ, and we are committed with management to restoring the company to a best-in-class global assetmanagement firm.
Net revenue for ‘fixed income, currency (FIC) sales and trading’ within the investment bank fell by 9% compared to the second quarter in 2022. Speaking to the future outlook following these results, Sewing said: “This puts us on a good track towards our 2025 financial targets.
Several European exchanges are well underway with plans to bring out offerings of this ilk in the next few months The TRADE understands, while a handful of US alternative trading systems (ATS) are also preparing to make the crossing over to the Bloc to replicate the progress they have achieved in the US.
China trade talks Published Tue, Jun 10 2025 8:43 AM EDT Updated 3 Hours Ago Frank Holland @in/frank-holland @FrankCNBC WATCH LIVE (This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. They also search for opportunities in China, as trade talks with the U.S.
If we look ahead to capital markets over the next two decades, the future of trading infrastructure will be built on a fabric of interconnected markets with a common data architecture, seamless connectivity throughout the ecosystem of exchanges and participants, minimal latency, and advanced AI-powered tooling.
This will likely include trading platforms, exchanges, clearinghouses, brokerage firms, assetmanagers, and investment advisory firms that are registered with and regulated by the Commodity Futures Trading Commission (CFTC). By: WilmerHale
Chris Jackson, global head of equity strategy and head of equities, EMEA, Liquidnet As we look ahead to 2025, we see it as a transformative year in how and what we trade. For assetmanagers, maintaining quality execution expertise in this changing landscape will be critical for sustained fund performance.
The TRADEs annual Algorithmic Trading Survey, allowing buy-side users to rate and analyse their providers, is now open for submissions. Institutional investors, assetmanagers and hedge funds are invited to rate the service, features and capabilities of their algo providers in the 2025 iteration of the survey.
Following the roaring success of last weeks TradeTech event, The TRADE is delighted to present the digital edition of The TRADETech Daily 2025, the official conference magazine, crammed full of news and exclusive interviews with buy-side speakers. The post The TRADETech Daily 2025 now available to view online!
Vikesh Patel, global head of clearing, president, Cboe Clear Europe There will be greater focus in 2025 on European competitiveness, with regulators needing to strike the right balance between fostering growth, competition and innovation in clearing on one hand and maintaining regulatory oversight and financial stability on the other.
Chris Jackson, global head of equity strategy and head of equities, EMEA, Liquidnet As we look ahead to 2025, we see it as a transformative year in how and what we trade. For assetmanagers, maintaining quality execution expertise in this changing landscape will be critical for sustained fund performance.
Northern Trusts Integrated Trading Solutions (ITS) outsourced trading desk has confirmed that it is set to be supporting Stockholm-based fund company Avanza Fonder. As part of the development, Northern Trust will provide outsourced trading primarily for Avanza Fonders global, emerging market, European and US equity market index funds.
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.
Robin Mess, chief executive and co-founder, big xyt As we approach 2025, the equity trading landscape is set to evolve significantly, shaped by a confluence of technology, market behaviour, and regulatory dynamics. The post The TRADE predictions series 2025: Key insights on data appeared first on The TRADE.
Nomura is set to acquire Macquaries US and European public assetmanagement business, in a push to expand the firms global capabilities. Through the move, Nomura will gain $180 billion in retail and institutional client assets across equities, fixed income and multi-asset strategies.
Bloomberg has expanded its market on close (MOC) list trading offering to include US treasuries, following on from the launch of MOC for European government bonds. Nine dealers are currently supporting the new workflow, with further liquidity providers expected to join in 2025.
As the outsourced trading movement continues to gain traction, an increasing number of respondents in The TRADEs most recent survey reported they had migrated to a full outsourcing model rather than the hybrid approach of co-sourcing. More is more?
Fateen Sharaby, index business manager, Bloomberg The evolution taking place in fixed income markets has laid the foundation for the recent growth in credit index futures, positioning 2025 as a pivotal year for further proliferation of the product and broad adoption by the market. The game, however, could change in 2025.
Ian Power has been named head of UBSs Execution Hub, EMEA, having most recently served as the firms head of multi-assettrading, UK. In his tenure, Blackburn oversaw the development of the Hub, working towards opening up outsourced trading as an option for larger firms as well as overseeing the innovation of the offering.
During his time as head of the UBS Execution Hub, Blackburn oversaw the development of the Hub, working towards opening up outsourced trading as an option for larger firms as well as overseeing the continuous innovation of the offering. UBS declined to comment when approached by The TRADE.
Clear Street has launched a new outsourced trading platform with the addition of a former UBS outsourced trading expert to lead the initiative. He also held positions in equity sales and trading at Brown Brothers Harriman and equity capital markets at Lehman Brothers.
UBS AssetManagement has agreed to sell its single manager hedge fund, private credit and commodities platform, OConnor to Cantor Fitzgerald. Aleksandar Ivanovic The move will see OConnors investment and support teams transferring to Cantor Fitzgeralds AssetManagement (CFAM) division upon closing.
Bilateral trading was front and centre across two panel discussions on day one of the TradeTech Europe conference as experts weighed up the importance of strategy, choice, and immediacy when it comes to the tactic. Europe is a very attractive place to trade on the global scene and that hasn’t happened for a very long time.
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