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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

While fingers of blame are being pointed in each direction, the bottom line is asset managers are now facing operational challenges, the notion of pre-funding trades and balancing settlement security with best execution obligations. That cannot be seen to be a positive outcome.”

Trading 64
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Keeping ESG commercial

The TRADE

Joining the industry after graduating from business school at the age of 20, Papanichola has an impressive track record that spans across five hedge funds and two banks. My key takeaway from those guys was that the core foundation of trading isn’t about buying and selling.

Trading 59
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Elliott Picks Apart SEC Case on Disclosures

The Deal

Amid the hundreds of comment letters the SEC received applauding draft regulations seeking to require faster public disclosure by activist hedge funds, Elliott Management Corp. , The list, for instance, lists zero assets for Elliott, and two other prominent activists, TCI Fund Management Ltd.

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Elliott Picks Apart SEC Case on Disclosures

The Deal

Amid the hundreds of comment letters the SEC received applauding draft regulations seeking to require faster public disclosure by activist hedge funds, Elliott Management Corp., The study uses “pejorative” language and employs a database “riddled with errors,” wrote Paul Singer’s activist fund in a detailed letter opposing the measure.

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Outsourced trading: Easy to do, difficult to get right

The TRADE

Speaking to The TRADE, Dean Gray, head of EMEA outsourced trading at Jefferies, explains: “It has been well documented that the past few years have seen a significant shift in the mindset, especially of the larger funds, towards the adoption of outsourced trading. were in $50-100 billion and another 2.5%

Trading 59
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The changing role of the buy-side in fixed income price making

The TRADE

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. There’s still some reticence on the buy-side to leave larger orders to trade at a certain price because of the lack of transparency that persists but for smaller sized absolutely.”

Trading 59
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Leaders in Trading 2023: Meet the nominees for… Outstanding FX Trading Venue

The TRADE

In 2022, CME Group saw a record year for its exchange-listed foreign exchange products, which was followed by a record day for its FX suite of products in March this year, trading $296 billion notional in one day across over three million contracts.

Trading 59