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LMAX Group acquires FX HedgePool

The TRADE

Currently, FX swaps account for more than half of total daily FX turnover and are the most traded instrument (in excess of $3.8 The established yet agile, LMAX Group, complements FX HedgePool’s proven ability to introduce groundbreaking solutions for the modern trading desk. trillion per day).

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How do Banks Make Money? Explanation, Examples

Peak Frameworks

The world of banking can be broadly divided into: Retail Banks: Think of your local branch where you have your checking and savings accounts. Morgan, which offer services in underwriting and M&A advisory. You deposit $10,000 in a bank savings account earning 0.5% The profit-making strategies differ across these banks.

Banking 52
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Keeping ESG commercial

The TRADE

It was then that he moved onto the proprietary trading desk at the bank, mentored by former head trader at Moore Capital, Joe Cardello, and Jim Byrd, global head of macro trading at RBC. I could literally trade any product if I wanted to. “Interesting, lucrative, fun but highly unconventional,” he says.

Trading 59
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Investment Banking – Meaning, Functions and More

Razorpay

Investment Banking Services Initial Public Offering (IPO) When a privately-owned business wants to become a publicly traded company, it goes through an IPO , or Initial Public Offering. Here’s more detail into the services that investment banks provide to businesses. This is called underwriting.

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Inside the FX cut-off conundrum sparking animosity between the buy-side, CLS and custodians as T+1 looms

The TRADE

The onus is now on these providers to alleviate any workflow issues that may arise for buy-side firms looking to trade around the time of the cut offs – of which there are many. Baillie Gifford is one of a handful of firms that have opted to open a new trading desk in New York on the back of the US’ move to T+1.

Trading 64