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UK-based boutique fixed income trading desk BlueBay AssetManagement is beginning a new chapter in its life. The move has opened up swathes of synergy opportunities for the pure fixed income assetmanager, with its traders now working directly alongside RBC BlueBay AssetManagement’s equities desk.
Franklin Templeton confirmed the move will help it to unify its platform across asset classes as well as simplify its operations and reduce any long-term capital expenses. It will also allow it to access an investment book of record via a single platform to “enable scale, provide insights and support business transformation”.
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 TRADE is delighted to announce the shortlists for the Leaders in Trading 2024 Buy-Side Awards, in partnership with SIX Swiss Exchange. The winners of each category will be revealed at The TRADE’s annual Leaders in Trading glittering awards night at The Savoy in London on 7 November. The wait is over.
Investment data management solutions provider FINBOURNE Technology has expanded its integration with Taskize to enhance post-trade operational efficiency. Assetmanagers’ operations teams are at full capacity and cannot afford to be inefficient in their approach to exception resolution,” said James Pike, interim CEO at Taskize.
Improved post-trade efficiencies and initial regulatory leniency will hopefully make this an easier pill to swallow but funding costs and liquidity impacts are yet to be realised. Elsewhere, sourcing alternative liquidity will remain a key focus given the continued decline of order book liquidity in 2023.
It also offers assetmanagers a range of indexing and digital distribution solutions to scale their businesses. This acquisition and inclusion into TMX’s Global Solutions, Insights and Analytics segment follows the launch of a new platform by TMX Group in November , designed to optimise the trading of Canadian equities.
The London-based trading team at Ninety One has a very particular set of skills. The active investment manager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. Ninety One’s trading team consists of 17 globally with six – soon to be seven – based in London.
Assetmanager Ninety One has promoted from within for its new deputy global head of trading and head of trading for South Africa, The TRADE can reveal. Former head of trading for South Africa at Ninety One, Doug Blatch, has been selected to support global head of trading at Ninety One, Cathy Gibson, as deputy.
LMAX Group has launched FX non-deliverable forwards (NDFs) which are available to trade in two matching centres: Singapore (SG1) and London (LD4). ” The launch will initially target Asia Pacific and will support increasing regional demand for FX NDF trading and access to institutional liquidity as well as enhanced FX market structure.
The TRADE is excited to announce its inaugural Leaders in Trading New York awards, in recognition of the achievements of the trading and execution industry in North America. Leaders in Trading is The TRADE’s annual sell-out showstopper event, held at The Savoy in London. appeared first on The TRADE.
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.
Next up in our Leaders in Trading 2023 Editors’ Choice Awards write up series, we bring you the shortlisted candidates for Best Innovation at the Close, recognising those venues going above and beyond to support participants when trading at the Close. Upwards of 30% of volumes now take place in the Closing Auction in Europe.
Marex to acquire Cowen’s prime brokerage and outsourced trading business from TD At number ten was a story broken by The TRADE in September, news that Cowen’s prime brokerage and outsourced trading business had been acquired by Marex just six months after TD completed its purchase of the business. He will report to Blatch.
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capital markets for decades in some form or another. However, an undeniable surge has occurred across the trading sphere over the last few years, with decidedly mixed results. And the number is climbing.
Central to many discussions on stage at TradeTech FX this week was the need to untangle credit and liquidity in order to allow the buy-side to future proof their trading workflows. said Tjerk Methorst, senior trader manager at PGGM. “We Assetmanagers should be able to access the best liquidity in the world.
But a few related areas, such as commodity desks at banks, commodity trading advisors (CTAs), and physical commodity trading shops could put up a good fight for that “most cyclical” title. We should also step back and define “commodities” and “commodity trading” since they’re massive areas.
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Non-Bank Electronic Liquidity Provider, showcasing excellence in liquidity provision outside of the traditional sphere. billion compared to € 2.8 billion the previous year.
Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the risk management practices of prime brokers. Additionally, heightened market uncertainty may lead to increased counterparty risk.
For some assetmanagers and hedge funds, the seemingly impossible notion of all traders not physically sitting together on a centralised desk and communicating face-to-face was all but wiped away overnight as the hybrid working setup was forcibly tested and passed with flying colours. Outsourced trading is no longer a taboo topic.
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Innovation in Fixed Income. The electronic trading platform enables participants to address challenges associated with accessing liquidity and executing efficiently.
Non-deliverable forwards (NDFs) have not always gone hand in hand with algorithmic trading, but in light of recent market developments, this could be about to change. The instruments have been pegged by the buy-side as the next frontier when it comes to algorithmic trading efforts in the foreign exchange (FX) markets.
For Sharon Ruffles, head of fixed income trading for EMEA and Asia Pacific at State Street Global Advisors, the beauty of fixed income lies in how much one day can vary from the next. She began her trading career on an all-female trading desk, and says it was watching the world’s news play out in the markets that drew her to trading.
UBS shakes up execution services management team structure People moves are always one of our biggest draws in readership, and in October, UBS’ plans to make changes within its execution services business , specifically the electronic trading area, became one of most read stories of the year.
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for the Outstanding Market Data Provider category, shining a light on those displaying recent excellence in the data sphere.
Liquidnet is set to roll out the second phase of its derivatives analytics suite in the next few weeks, The TRADE can reveal. It’s not so much that post-trade piece but more of a point of trade process as well.” Already brought to market, phase one includes volume and liquidity information.
The partnership is set to include execution venues, precise market data and trade analytics, with Cürex’s bank and buy-side relationships complementing the existing institutional client base of LMAX Group’s FX business. The post LMAX Group to acquire Cürex’s FX business in institutional push appeared first on The TRADE.
Depth of book data provider BMLL and real-time data services provider Quanthouse, part of Iress, have collaborated to expand buy-side data analysis capabilities across equities and futures. This will help them to achieve alpha “more predictably”, BMLL chief executive Paul Humphrey told The TRADE.
Distressed Debt Hedge Funds Definition: Distressed debt hedge funds buy and sell debt that is trading at a steep discount to face value, such as 40%+, and make money by betting on changes in the price of this debt or using it to gain influence in a restructuring or bankruptcy process.
The TRADE reported on 14 August that the testing period for the shift to T+1 settlement in the US had officially begun. Many of the chief concerns revolve around FX trades which are typically executed after an equity trade has been matched and executed and subsequently will be under increased time pressure.
Its role and the way it interacts with institutional investors differs region to region. Looking into this sector, which is set to experience highly anticipated, yet arguably unpredictable, growth – note the GameStop saga of 2021 – The TRADE deep dives into some of the key considerations.
What has your journey to the trading desk been like? I’ve always worked in the assetmanagement industry, starting my first job at 18 with Scottish Amicable Investment Management in Glasgow. From the banking team at Scot AssetManagement, I moved firms in 1999 to take up a role in trade settlements.
Buy- and sell-side panellists speaking on day 1 of the TradeTech FX Europe 2023 conference have confirmed that the use of algorithms in FX swaps trading is not at the forefront of their minds. I don’t think so,” said Emmanuel Hurault, credit, FX, rates, and derivatives trader at Groupama AssetManagement. “We It needs good TCA.
In this environment, those still willing to make prices are choosier with who they will trade with and are likely to charge a wider bid offer spread. The proliferation of exchange traded funds (ETFs) and flows in fixed income has also enabled a more consistent approach to pricing on the buy-side.
Chicago-based head of US trading at Legal and General Investment Management (LGIM) Ryan Raymond has seen enough economic turmoil during his career to know what to do when markets turn volatile. Specialising in fixed income, specifically credit, Raymond has over two decades of trading experience under his belt.
Jonathan Cross, general manager of EMEA at LiquidityBook, said: “Our clients range from start-up hedge funds and large, established assetmanagers to broker-dealers, outsourced trading desks and software vendors. The post LiquidityBook acquires Messer to boost multi-asset capabilities appeared first on The TRADE.
I’ll do a deep dive into the entire space in this article, including the top funds, example trades, recruiting, exit opportunities, and more. Jacobs is a moderate-growth, moderate-margin company in the professional services space, currently trading at 1.2x revenue and 11.5x EBITDA multiple , matching its own.
But there are other areas in the capital markets, for example, where we do need further regulatory clarity and we’ve seen a change in the trend where market makers, proprietary firms and trading firms are moving their businesses offshore as a result of the regulatory landscape that we have here in the US.
Werner Eppacher has spent the entirety of his two-decade financial career with German assetmanager DWS Group, catching his first glimpse of a trading floor as an intern for Deutsche Bank in 2003. “A There are no prescribed measures for any particular asset class at any given time. There’s no way around it.
These guys are valuable because of the market they’ve been covering, they know the ins and outs and know how to play the book,” said Armon-Jones. appeared first on The TRADE. The audience vote prior to the discussion swayed 69% in favour of Lucero’s hypothesis, with all to play (argue) for. “
“Year-to-date, we’re seeing for the first time in many years a notable uptick in new fund launches and spin outs from bigger places,” says Jack Seibald, managing director, co-head of Marex prime services and outsourced trading. They are now trading in all these other asset classes. billion in 2023.
.” Interviews are broader than IB interviews and require knowledge of asset allocation, economics, and and financial markets, but far less specific technical knowledge. However, the “sales shift” starts much earlier in wealth management , as it’s pretty much a sales job from Day 1 (with some analytical work mixed in).
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding FX Trading Venue, showcasing excellence in the foreign exchange community.
The TRADE is delighted to announce the buy-side shortlists for its inaugural Leaders in Trading New York Awards for North America. The winners will be announced at the L eaders in Trading New York glittering awards night to be held at Chelsea Piers in New York City on 19 November.
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