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BlackRock’s head of electronic trading and market structure for EMEA, Daniel Mayston, has left the assetmanagement giant, The TRADE can reveal. He took on the role of global head of trading research in 2013 before assuming his most recent and current role as electronic trading and market structure head for EMEA in 2016.
Omar Darwish has joined fintech pioneer GTN as equity sales trader following a three-and-a-half-year stint at Arqaam Capital. His appointment comes as GTN continues its expansion efforts to build a comprehensive electronic trading and investment platform. The post GTN appoints new equity sales trader appeared first on The TRADE.
Robert Whelan has joined Citadel as equity trader following almost eight years at Pictet AssetManagement. Whelan joined Pictet AM as an equity trader back in 2016. Prior to that, he worked at Morgan Stanley, initially joining as an electronic trading associate before going on to a role as equity sales trader.
RBC appointed two former Credit Suisse senior algorithmic trading individuals to join its low touch electronic sales and trading team. Also appointed to the low touch sales and trading team at RBC is Suzanne Webster, who joined as a multi-asset director. Elsewhere in his career, Rizzo served as a senior global equity trader at Comgest.
Hosie originally joined Credit Suisse in 2017 as its head of equities Asia Pacific, later assuming responsibility of the asset class for both Asia Pacific and EMEA and eventually taking up the role in a global capacity in 2023. BTIG appointed Sean Shanker as a managing director within the electronic trading team, based in New York.
Burke joined MarketAxess from Standard Chartered, where he most recently served as managing director, based in Singapore. Elsewhere in his tenure at Standard Chartered, Burke served as global head of electronic and algo trading, based in London.
Electronic trading platforms captured almost a third (32%) of overall Canadian equity trading volume in 2023, with this share expected to rise in the next three years, a new report by Coalition Greenwich has found. As a result, electronic and/or algorithmic trading has seen usage increase.
Peel Hunt Peel Hunt’s head of electronic and program trading Nishad Vallonthaiel is departing for pastures new, The TRADE can reveal. Citi 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.
Ryan O’Connor left Goldman Sachs AssetManagement and is set to join ETF provider Global X ETFs as chief executive on 8 April. He most recently served as global head of ETF product, having initially joined Goldman Sachs AssetManagement back in 2017 to build out the US fund strategist model portfolio business.
He joined Nasdaq European Markets in its European equities sales team based in London after nearly six years at Citadel Securities. Dan Childs departed from his role as managing director, head of European prime services sales, EMEA to join Balyasny AssetManagement, taking on the role of head, cash and liquidity management at the hedge fund.
Assetmanagers have tapped fixed income, equities and exchange traded funds (ETFs) for their greatest market data spend over the next 12 months, according to a new Coalition Greenwich and SIX report published on 22 August. This has increased the amount of data needed for participants to execute.
Over half (54%) of buy-side respondents say that getting proper coverage from their brokers is one of their biggest pain points in their daily equity trading workflow, a new report from Coalition Greenwich has found. Nearly half (47%) cited operations, middle- and back-office and settlement issues as another key pain point.
When it comes to selecting an algo provider, ease of system use, reliability and quality of technical support was the top consideration for assetmanagers across both sides of the Channel in 2023 – 71% in the UK and 73% in Continental Europe – according to a Coalition Greenwich report.
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.
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.
HSBC Global AssetManagement has named Aaron Waters head of European equity trading, following three and a half years as head of equity trading at the bank, The TRADE can reveal. Waters has previously held senior positions at AllianceBernstein (AB), most recently as an equity trader based in Hong Kong.
RBC has appointed two former Credit Suisse senior algorithmic trading individuals to join its low touch electronic sales and trading team, The TRADE can reveal. James Hilton has been appointed multi-assetmanaging director in RBC’s low touch team, according to sources familiar with the matter.
Acadian AssetManagement appointed Jian Du vice president, senior trader in its Sydney office. Du joined the assetmanager from Goldman Sachs, where he most recently served as executive director of electronic trading, also based in Sydney. Prior to that, Dolcezza served as an equity dealer for nearly two years.
The three incoming professionals are London-based and hold long track records of success and leadership across global equities trading. Bradley was most recently a partner at Mariana Capital and prior to that was head of CSC equity options at GFI Group.
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.
David Kirk is set to join Millennium, following almost three and a half years at Marble Bar AssetManagement where he most recently served as a trader, The TRADE understands. Kirk joins the capital management firm with experience working as a trader on both the buy- and sell-side.
Appital Insights is now fully integrated with FactSet’s Portware execution management system (EMS), enabling the latter’s assetmanagement clients to access Appital Insights liquidity easily within their EMS. They know that Appital Insights does not impact ‘on-screen’ prices and they retain full control of the order.”
Non-profit member organisation for the equity marketplace, Plato Partnership, has added Liquidnet as an inaugural strategic partner. As a strategic partner, Liquidnet will participate in three of Plato’s core initiatives including Plato Strategic Initiatives Group, which aims to identify issues and areas to bolster equity market structure.
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.
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’sequities desk.
Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. RBC BlueBay AssetManagementequity trader, Michael Tamou, left the assetmanager to join Qube Research & Technologies (QRT).
Assetmanager Ninety One promoted from within for its new deputy global head of trading and head of trading for South Africa. Jonathan Tse has been appointed managing director, EMEA head of electronic trading quant analytics, platform and product at UBS, as he moves over from Credit Suisse. He will report to Blatch.
While everyone seems to know about equity research and trading stocks, fixed income research gets far less attention. Equity Research vs. Fixed Income Research Common Myths What Do You Do as a Fixed Income Research Analyst or Associate? Also, it can be quantitative or fundamental – or both! –
Elsewhere, Sherlock most recently served in a European equity sales role since 2021. Hepsworth was 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. Prior to that, Hall held the same role, based out of London.
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.
Elsewhere in her career, Sueng – one of The TRADE’s Rising Stars in 2019 – worked in fixed income sales at both Tullet Prebon and Newedge as well as previously serving in fixed income performance analyst roles at Amundi and Societe Generale AssetManagement. Bernstein, also working as an equity trader.
Yet with equities, these markets are constrained by market hours which may be specific to a region and/or exchanges themselves. With Middle East and North Africa (MENA) becoming a larger part of indices and portfolio managers’ thinking, decisions will have to be taken around how best to trade these markets.
Groupama AssetManagement is set to expand its use of Virtu’s Triton Valor EMS to another asset class, now encompassing fixed income trading. It’s the key to success if we want to enhance the FICC market structure which has largely stayed the same for the last 50 years,” said Heleine.
Global assetmanager Robeco leverages a low touch and high touch trading team that spans across three continents. And, like most assetmanagers across the street, its global equity trading desk plays host to a variety of characters, each bringing their own individual string to the wider team’s bow.
The BlackRock EMEA equity trading team picked up The TRADE’s highly coveted Trading Desk of the Year, Long-Only award at the Leaders in Trading 2023 event in November. McCartney heads up the EMEA fundamental equity trading team, having made the shift from the London Stock Exchange to the front-office earlier in her career.
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. The post US market increasingly ready to embrace Alternative Trading Systems appeared first on The TRADE.
Read more: LedgerEdge closes three years after launch “As many of you know, Brian is a proven multi-asset trader and trading technologist with valuable assetmanagement and capital markets experience,” said Stephen Berte, president at BIDS Trading, in a social media post.
State Street’s assetmanagement business State Street Global Advisors (SSGA) named Dublin-based Ann Prendergast head of EMEA. Cantor Fitzgerald’s head of equities for Asia, Hani Shalabi, has left the firm to join emerging markets investment bank Arqaam as its new head of equities execution services.
Griffin originally joined Kepler in 2016 as its head of portfolio and electronic sales trading, later assuming his most recent role as head of market structure and liquidity solutions in 2022. Before that, he served as vice president and relationship manager for JP Morgan’s priority assetmanager clients.
Bookbuilding platform Appital has launched a new initiative to unlock liquidity unavailable through traditional electronic trading venues. Traders and portfolio managers will also be able to access exposure to liquidity events in relevant equities meeting their minimum ADC or pricing thresholds.
Greg Finke joined the boutique assetmanager after just over a year at Rothschild & Co as a senior investment dealer covering equities. Prior to joining Rothschild in January 2023, Finke spent nearly five years at Marathon AssetManagement as a global equity trader covering equities and FX.
Beginning her career at Dresdner Kleinwort Benson as director and head of portfolio sales trading in 1997, she later went on to spend six years at JP Morgan, initially as an executive director and head of execution sales responsible for electronic and portfolio trading and ETFs. He is also responsible for Liquidnet’s equity product strategy.
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. What has your journey to the trading desk been like?
Technology vendor Broadridge also explains the change in procedures for assetmanagers delivering trade details to prime brokers and coordinating information among the assetmanager, executing brokers and PBs. “Currently, buy-side firms deliver trade data to executing brokers and prime brokers separately.
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