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The financial services industry—including assetmanagers—has had an interesting relationship with Silicon Valley. Assetmanagers should not assume that these tech giants will look past this industry. Assetmanagers should start to prepare for what is likely to be inevitable disruption.
Generative AI (gen AI) is predicted to impact over two-thirds of all functions across the capital markets industry, suggesting that the technology has the potential to significantly transform all its segments—including assetmanagement. The majority of assetmanager have already started on this journey.
Vahid joins AllianzGI from UBS AssetManagement where he served in a variety of roles over the last 20 years. The post Allianz Global Investors taps UBS AssetManagement for new head of equity Europe core and value appeared first on The TRADE.
Some 83% of assetmanagers plan to change product strategy in the next two years, a new survey from Northern Trust has found, emphasising the need to cater to diverse investor needs. Technology appears to be at the heart of that change, with 77% planning to leverage new tech within the same timeframe.
UK assetmanager Liontrust conditionally agreed to acquire its Swiss competitor GAM Holding for £96 million back in May, following murmurs of the deal in April. The post Liontrust offer for GAM declared ‘unsuccessful’ as assetmanager extends immediate short-term financing appeared first on The TRADE.
As assetmanagers continue to look for ways to fully capitalise on data, a new SIX report has found that almost half view data velocity as the key challenge in enabling analytics to drive growth. These individuals work across financial institutions, assetmanagers, wealth managers, investment banks, and asset servicers.
Fintech Broadridge has launched a new artificial intelligence powered insights service aimed at arming the buy-side with better information around algorithmic strategies on NYFIX, the firms order routing network. The new service will offer insights to hedge funds, assetmanagers and other buy-side based off real-time liquidity mapping.
They can retrieve and fetch necessary information from databases and other information sources. The trend toward increasing technology use entails a working environment with data-intense information sources. This gives us a unique opportunity to analyse and leverage the information in useful ways.
Westford, June 24, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the enterprise assetmanagement market will attain a value of USD 7.74 EAM solutions help in the optimization and management of assets over their lifecycles—from designing to operating to replacing them, enhancing business operations.
Read more: FactSet on trends within buy-side trading LoopFX serves both the buy- and sell-side, sourcing large block liquidity in a dark pool and eliminating information leakage, reducing trading costs, and improving execution processes for FX trades over $10 million.
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.
The TRADE is delighted to announce that Europe’s most popular awards event for the trading and execution industry returns on 8 November at The Savoy Hotel in London, recognising the finest trading talent across assetmanagers, hedge funds, banks, brokers, trading venues and technology vendors.
. “For example, many interpreted the proposed rules in the CP as requiring “strategy level budgets” which would have been a dealbreaker for some assetmanagers – this has been clarified and removed. Instead, they will have to provide information around the breakdown of types of provider in the budget.
SIX has acquired a majority stake in FactEntry – a global provider of fixed income reference data, analytics, and solutions – in a bid to solidify its position in the asset class as a provider of data and analytics globally. The acquisition closed yesterday 27 March. Financial details are yet to be disclosed.
Particularly, as overly prompt dissemination of trade information could lead to a negative impact on market liquidity. The associations noted that distinguishing between investment grade (IG) and high-yield (HY) corporate bonds is a key component to tap into greater transparency in more liquid bonds, while ensuring protection for those bonds.
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 provider has said that the offering will give clients access to data for 3.6
Perpetual merges regional assetmanagement businesses under one global umbrella At number two in our most read stories series, we have the announcement that Perpetual Group had merged its regional assetsmanagement businesses to form one global division in August.
Broadridge Financial Solutions has launched a new solution designed to meet the needs of assetmanagers with high volume and/or high-touch orders. According to the firm, NYFIX Fill matching is the only platform that matches fills between brokers and assetmanagers in real-time. “As
Jupiter AssetManagement has signed a five-year deal with assetmanagement software provider Room Zero in order to optimise its operations across the business. The move comes as the assetmanager seeks to better meet its clients’ needs and streamline operations.
The application incorporates real-time liquidity information from LTX Liquidity Cloud to simplify workflows and increase efficiency for users’ bond selection and portfolio construction processes, which LTX stated will benefit assetmanagers hedge funds and dealers.
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.”
Institutional investors, assetmanagers and hedge funds are invited to rate the service, features and capabilities of their algo providers in The TRADE’s 2024 Algorithmic Trading Survey. For more information, please contact Karen Delahoy at karen.delahoy@thetradenews.com. To participate in the survey, please click here.
Previously recognised individuals have gone on to head up some of the largest and most successful desks across leading assetmanagers and hedge funds. The post The TRADE announces the Rising Stars of Trading and Execution 2024 appeared first on The TRADE.
BNP Paribas has formally signed the previously announced 5.1bn ($5.3bn) share purchase agreement for Axa Investment Managers. Axa and BNP Paribas Cardif entered into exclusive negotiations in August to offload Axa’s assetmanagement division.
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.
If you are a member of the buy-side community and would like information on attending please contact Karen Delahoy at karen.delahoy@thetradenews.com or Annabel Smith at annabel.smith@thetradenews.com. The post Leaders in Trading 2024: Buy-side shortlists revealed, voting now open appeared first on The TRADE.
Speaking to The TRADE Annelotte De Nanassy , senior product manager, financial information at SIX, explained: “SIX Bot was created as a direct result of feedback from our clients.
The acquisition of VettaFi will add a dynamic new component to our growing information business, with an exciting set of capabilities and a visionary, innovative team committed to client success,” said John McKenzie, chief executive of TMX Group.
Our clients are increasingly demanding advanced FX analytics, to inform their decisions and improve trading outcomes,” said John Marchese, VP head of FX EMS sales at FactSet. As part of the deal, clients of FactSet will be able to connect to Tradefeedr’s analytics services via its Portware EMS.
Earlier this year, the custodian added a Financial Information Exchange (FIX) application programming API to its Fund Connect ETF portal. Available to all participants on the platform, the enhancement provides connectivity and electronic communication through an industry protocol used in electronic trading.
Liquidnet brings knowledge and experience in capital markets to the Partnership and will play a crucial role in shaping and informing Plato’s initiatives within capital markets, the organisation said. Non-profit member organisation for the equity marketplace, Plato Partnership, has added Liquidnet as an inaugural strategic partner.
The new solution offers actionable intelligence including volume, liquidity, activity and projected volume to better inform the decision-making process ahead of execution. With connectivity, staging, algo execution and execution performance management becoming increasingly commoditised, the battle to differentiate has moved to new grounds.
Read more – Leaders in Trading 2023: Key dates and information Earlier this year, Perpetual Group – which owns J O Hambro – merged its existing regional assetmanagement businesses to form one global division, led by a newly created role of chief executive of assetmanagement.
The Securities and Exchange Commission (SEC) has charged Pacific Investment Management Company (PIMCO) $9 million for disclosure, policies and procedures violations involving two funds the firm advises on. PIMCO failed to comply with both of these critical obligations.”
The goal is to have all relevant information in real time to enable better, more informed decisions on a macro level. What are the main pressure points for assetmanagers when it comes to their operating models? There’s a change in the asset mix with the end allocators wanting both public and private assets.
Groupama assetmanagement has also been working with Wavelabs on its European fair value initiative. “It Wavelabs is now working with a large US assetmanager on a systematic portfolio screening tool. Traders and PMs can then pick and choose the ones that are relevant to them.”
Mike du Plessis (left), Darren Smith (right) Aimed at supporting buy-side traders with their derivatives flow by creating an ecosystem of information all in one place, the analytics suite is being rolled out in three phases. Already brought to market, phase one includes volume and liquidity information.
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.
Information businesses will need to tightly align their data strategy with these client needs. As firms continue to diversify into this high-yield asset class, there will be a desire to create efficiencies and automate paper-based, manual market processes.
The TRADE’s coverage highlighted insights from assetmanagers into how small steps in building diverse teams can lead to big benefits, a trend which is more than likely be further emphasised by the latest D&I survey findings. For more information, please contact Karen Delahoy at karen.delahoy@thetradenews.com.
“By far the largest proportion of FX trading is conducted with the primary dealers (bank and non-bank), for whom the ‘on-us settlement’ model may not be feasible, and all parties in the chain (non-bank LPs, FX dealer, assetmanagers and custodians) must deal with and manage settlement risk,” said Choudhury.
The Depository Trust & Clearing Corporation (DTCC) will suspend its Investor Kinetics data service on 31 July, following ongoing concerns from clients and industry participants about information leakage from the service, The TRADE can reveal.
Trading data made available via APIs informs trading decision making, and trading desks are starting to automate their workflows using the information contained in the data sets. As the use of data increases, we also see increased demand for data networks supporting multiple asset classes.
Speaking to The TRADE, Timothee Consigny, chief technology officer at H2O AssetManagement, asserts that there is a definite place for artificial intelligence within capital markets and the time for adoption is now. “[Gen-AI] For example, AI models are not good at maths – that’s just not what they’re trained to do.”
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