The TRADE

DECEMBER 8, 2023

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. Elsewhere, other local regulatory changes and benchmark replacements continue to impact prime brokers.

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The TRADE

DECEMBER 28, 2023

Paul Houston, global head of FX products, CME Group Given all the uncertainty in the world and in business, risk is likely to remain a dominant theme in 2024. In 2024, interdealer trading of FX swaps, which has traditionally been dominated by the broker market, will start to migrate to electronic venues. 360T

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Trading Funds Risk Management Management 111

Sun Acquisitions

APRIL 25, 2023

Selling a business can be overwhelming, but with proper guidance, it doesn’t have to be. Here’s a step-by-step guide that will walk you through every aspect of selling a business — from finding buyers and assessing offers to closing the deal. client lists, property/equipment, etcetera).

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Sale Business Negotiation M&A 52

The TRADE

FEBRUARY 14, 2024

Agency broker BTIG has selected the former head of execution strategy at Millennium to take up the same role. In his new role, he will also co-head electronic trading and be responsible for the development of BTIG’s new generation algorithms.

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Electronics Trading Broker Portfolio 52

The TRADE

JUNE 26, 2024

Former head of market structure and liquidity solutions at broker dealer Kepler Cheuvreux Byron Griffin is set to join Franco-German financial services firm ODDO BHF, The TRADE can reveal. Griffin left Kepler in May after over eight years with the broker dealer. He joins as head of execution sales and microstructure.

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The TRADE

OCTOBER 25, 2024

Jesse Forster When it comes to the industry’s opinion on “new innovative trading venues”, the latest Coalition Greenwich report found that an overwhelming 91% of both US low-touch brokers and their buy-side clients have between “a little” and “a lot” of interest in the venues.

Trading 69

Trading Equities Broker Asset Management 69

The TRADE

MAY 24, 2024

That is something that the mid and smaller brokers can access relative to the bulge bracket who don’t really see that as an important USP for the business right now. We all know it is very cheap and easy to trade electronically but you’re not necessarily fulfilling your liquidity obligations.

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Bulge Bracket Electronics Retail Trading 52

The TRADE

SEPTEMBER 25, 2023

UK-based investment bank Peel Hunt appointed former head of electronic and program trading and sales at Numis Securities, Nishad Vallonthaiel, to head up its own electronic trading division. Also appointed to the electronic trading team at Peel Hunt alongside Vallonthaiel is Vinesh Chhaya, who joins the unit as a senior sales trader.

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Sale Trading Electronics Banking 64

The TRADE

MARCH 18, 2024

XplorTrade will offer brokers flexibility in tailoring visual and functional aspects of the platform to meet specific user experience objectives. As part of the deal, GCEX clients gained access to Crossover’s execution-only crypto electronic communication network (ECN), with GCEX providing brokerage and liquidity services on the platform.

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Trading Electronics Broker Management 69

The TRADE

AUGUST 2, 2023

One of BCS Global Markets’ prime services sales leads has left the investment bank to join boutique merging markets broker and investment bank BancTrust. Grigoriy Kozin has been appointed head of business development, prime services and electronic execution at BancTrust after three years in his role at BCS.

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Boutique Sale Banking Bank 52

The TRADE

OCTOBER 13, 2023

Deutsche Bank has completed the acquisition of institutional broker Numis and has unveiled a new offering to be known as ‘Deutsche Numis’. We are proud to introduce Deutsche Numis as a leading corporate broker in the UK and we look forward to working with Alex, Ross and the rest of the team.”

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Banking Bank Acquisitions Investment Banking 59

The TRADE

SEPTEMBER 19, 2023

The news follows JSCC’s plan to replace their existing process between clearing houses and brokers respectively following execution of clients’ Yen swap transactions, in favour of supporting MTF and SEF trading. The post Tradeweb and Japan Securities Clearing Corporation collaborate on Yen swaps appeared first on The TRADE.

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Collaboration Corporation Securities Trading 59

The TRADE

JULY 26, 2023

Emerging markets broker Arqaam Capital has launched a new proprietary trading infrastructure tool, ArqNET, aimed at enabling European institutional clients to trade faster in Middle East and North Africa (MENA) markets. Looking ahead, ArqNeT’s coverage is also set to be further expanded to other regions in the near future.

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Proprietary Trading Capital Trading Electronics 52

The TRADE

DECEMBER 11, 2023

Albon has been appointed associate director, senior sales for EMEA electronic trading and program trading, set to join the firm in February next year. She will report to global head of electronic trading and distribution, Jason Rand. Previously in her career, she spent three and a half years as a cash equity broker at Tullett Prebon.

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Trading Sale Electronics Financial Institution 64

The TRADE

OCTOBER 2, 2023

RBC appointed two former Credit Suisse senior algorithmic trading individuals to join its low touch electronic sales and trading team. In this new role Williamson is set to be dedicated to outsourced sales solutions, with a focus on accelerating the business’ distribution efforts.

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The TRADE

NOVEMBER 15, 2023

Stephen Murphy, chief executive and co-founder of Genesis Global, said: “Built in only two months, the FLEX-FA platform demonstrates that trading operations for even the most bespoke financial products can migrate from spreadsheets and manual processes to modern, enterprise quality solutions which benefit brokers, market makers and end users, alike.”

Trading 59

Trading Electronics Broker Management 59

Sica Fletcher

JUNE 2, 2020

First, these brokers each have growth strategies whose success is measured by the expansion of revenues and EBITDA. Their senior managements, investors, and partner agencies are committed to the growth of their respective businesses, organic and inorganic, as a key metric of success. There are two principal reasons.

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Insurance Broker Private Equity M&A 52

The TRADE

FEBRUARY 14, 2024

Elsewhere, the Cape Town Stock Exchange (CTSE) caters to small to medium -sized businesses, licensed to issue both equity and debt. Several speakers highlighted benefits associated with increased fragmentation, particularly if a business operates globally with various trading desks located in various geographical locations.

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Trading Equities Broker IT 69

Sica Fletcher

MARCH 26, 2020

The past several weeks have been difficult for us all as we adapt to the changing reality of COVID-19 and its impact on our families, communities, and businesses. We certainly hope that you and your loved ones are safe and well and that your business operations have not been too adversely affected.

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Insurance M&A Broker Economics 52

The TRADE

NOVEMBER 29, 2023

Armando Diaz, chief executive of PureStream The ATS claims to provider brokers and their institutional clients with improved bandwidth in order to access liquidity faster, more cost-effectively and with greater security. PureStream’s business model is described simply by the firm: Match with compatible liquidity. No selling data.

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Trading Retail Broker Electronics 64

The TRADE

AUGUST 7, 2023

He took up his role as chief executive officer of the institutional clients group in 2019 after previously serving in the bank’s markets and securities services business. One of BCS Global Markets’ prime services sales leads, Grigoriy Kozin, left the investment bank to join boutique merging markets broker and investment bank BancTrust.

IT 52

IT Investment Banking Boutique Equities 52

The TRADE

NOVEMBER 6, 2023

He joins the market maker as its new head of business development for EMEA, based in London, according to sources familiar with the matter. He also worked on the client coverage team of Credit Suisse’s agency electronic trading platform, Europe, focused on bespoke execution consulting and strategies.

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Sale Equities Trading Electronics 64

The TRADE

OCTOBER 26, 2023

This, he says, is done by encouraging more electronic trading volumes either through getting electronic VCONS coming back to traders or through full straight through processing (STP). “I Relationships are essential to the developed markets business. However, Campbell’s main focus continues to be minimising risk.

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The TRADE

OCTOBER 27, 2023

It has developed the infrastructure and a stable regulatory and business environment that support accessing South East Asia markets and beyond.” Elsewhere, interdealer broker TP ICAP also took advantage of the MAS’s initiative to boost the region as a major trading hub.

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The TRADE

AUGUST 1, 2023

The business was launched by industry veteran and founder of blockchain consortium R3, David Rutter , in a bid to digitise the traditional corporate bond market. The firm focused on expanding the reach of electronic trading and providing market participants an alternative model.

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Trading Corporation Funds Business 52

The TRADE

MAY 28, 2024

A couple of other important factors which could help increase volumes in Europe would be to encourage the involvement of retail investors in the EU equity markets and, also the growth of small cap businesses, reducing complexity and costs for listing. What is the role of regulators in addressing fragmentation in Europe – if any?

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Equities Trading Portfolio Management Investors 59

The TRADE

AUGUST 9, 2024

Contractual obligations, EMS links and wider business use of platforms, are some of the reasons why standardising is not as easy as it sounds. Quantitative methods can be applied to the datasets to provide statistically significant conclusions, which can then be dispensed across the business to relevant teams.

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Investors Trading Broker Equities 52

The TRADE

FEBRUARY 19, 2024

Agency broker BTIG selected the former head of execution strategy at Millennium to take up the same role. In his new role, he will also co-head electronic trading and be responsible for the development of BTIG’s new generation algorithms. Effective from December 2023, Stephen Ponzio joined BTIG as its head of execution strategy.

Trading 52

Trading Equities Investment Banking Corporation 52

Sun Acquisitions

AUGUST 22, 2024

By integrating complementary businesses and resources, M&A can help companies secure more reliable supply chains and ensure consistent product availability. By acquiring companies in different regions, businesses can tap into local supply networks and mitigate the risk of regional disruptions.

M&A 52

M&A Management Mergers and Acquisitions Food 52

The TRADE

NOVEMBER 30, 2023

Pragma provides algorithmic trading and analytical services across equities, foreign exchange and fixed income with a client base that spans asset managers, hedge funds, broker dealers, banks and exchanges. r8fin brings cutting-edge technology and a business that’s very much in Tradeweb’s wheelhouse.

Trading 64

Trading Acquisitions M&A Funds 64

Sun Acquisitions

MARCH 26, 2024

This tactic is not merely a defensive maneuver but an assertive step toward future-proofing businesses against the unpredictable tides of global supply networks. Strategic M&A: A Beacon of Stability A well-orchestrated business acquisition can serve as a bulwark against this volatility.

M&A 52

M&A Manufacturing Mergers and Acquisitions Acquisitions 52

The TRADE

AUGUST 1, 2023

However, even for an institution like Goldman Sachs, equities has become a tough business to excel in. If liquidity is reduced, everybody is focused on the same amount of volume and trying to keep their businesses profitable and viable,” says Beasley. Goldman Sachs’ equities revenues globally had fallen from $3.24

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Equities Trading Electronics Sale 52

The TRADE

APRIL 25, 2024

However, despite this, Joe Collery, head of trading at Comgest endorsed a measured approach whilst speaking at TradeTech earlier this week.

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Trading Investors Investment Portfolio Management 64

The TRADE

AUGUST 14, 2023

There can be days where there is low activity in fixed income but we are extremely busy in equities (or vice versa) so the multi-asset trader model works well for us as it allows us to distribute trades evenly across the desk. The role of a trader has continued to evolve over time.

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Trading Asset Management Equities Management 52

The TRADE

SEPTEMBER 8, 2023

From that point, you can decide if you want to build an infrastructure and a scalable trading platform across the business line – harmonising the workflow and automation – or to externalise. Champenois: To add, one needs to consider the size of the business. The last challenge is more from a risk and compliance perspective.

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Trading Asset Management Equities IT 59

The TRADE

AUGUST 21, 2023

There are some very powerful, well-entrenched special interests who will rightfully see this as a direct attack on their business models. Certainly, there will be a lot of burden on broker dealers to adjust their routing and adding venues, but it’s not incredibly impactful.”

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Equities Retail Trading Broker 52

The TRADE

MARCH 27, 2024

RFQ has cemented itself as a central method of execution in fixed income in recent years in light of the advent of electronic trading and the move away from bilateral voice trading and onto platforms. Whereas the govey business has historically been very much an RFQ market.” It’s a growing interest for us on the euro govey side.

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Trading Electronics IT Investment Manager 64