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Algo advances create overlap between US equities’ single-stock and program trading

The TRADE

This overlapping distinction has been attributed to the rise of electronic execution for program trades and the increasingly sophisticated algorithms for single-stock trading, which represent a greater shift towards e-trading. Between workflow innovation and good old-fashion inflation, the definition of program trading itself is now in flux.

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Redburn Atlantic execution teams undergo redraft with four additions and three departures

The TRADE

In the US, Finn Maloney has joined Redburn Atlantic’s US execution team to help with the ongoing build out of its US electronic offering. The move follows Redburn Atlantic’s winning Best Agency Broker at The TRADE’s inaugural 2024 Leaders in Trading New York Awards in November.

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Usage of multi-dealer platforms expected to increase as FX traders seek best execution

The TRADE

The growing use of MDPs from the buy-side is driving electronic trading overall and supports their growing focus on best execution. Using electronic execution methods provides value beyond a single trade execution. This ultimately helps a buy-side firm evaluate a broker, whether they executed a particular trade or not.”

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Clear Street taps Bank of America for new head of clearing

The TRADE

He is also set to oversee the business’ margin, collateral and settlement processes. Speaking on his appointment, Tufano said: “I’m proud to join Clear Street to lead the broker-dealer clearing division at a time when the industry demands scalability, speed and simplicity.

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People Moves Monday: SIX, Marex, Liquidnet and more…

The TRADE

In his new role, Ferrer Pons will be based out of Madrid and is set to support the firm’s members in Continental Europe by providing tailored liquidity solutions and helping them navigate local markets to enhance regional execution.   Ferrer Pons joins from TP ICAP, where he worked as an equity derivatives broker for more than three years.   Previously (..)

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BMO Capital and OptimX Markets partner to deliver flow in European markets

The TRADE

“BMO has been at the forefront of delivering cutting-edge trading technology to its global clients,” said Peter MxStay, head of OptimX EMEA. “We are thrilled to partner with a leading European broker and are eager to expand this collaboration across global markets in the near future.”

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People Moves Monday: Peel Hunt, Redburn Atlantic, RBC Capital Markets, Citi, and more…

The TRADE

Peel Hunt Redburn Atlantic’s head of electronic trading has left the firm to join UK investment bank Peel Hunt, as revealed by The TRADE. He replaces Nishad Vallonthaiel as head of electronic trading. He replaces Nishad Vallonthaiel as head of electronic trading. A spokesperson for Peel Hunt confirmed the move.