The TRADE

NOVEMBER 3, 2023

Next up in our introduction to the distinguished nominees for the Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist the Best Broker Electronic Trading Initiative. Jefferies Jefferies Electronic Trading (JET) offers algorithmic strategies and program trading across Europe, the US and Asia.

Electronics

The TRADE

JUNE 5, 2025

Peel Hunts head of electronic and program trading Nishad Vallonthaiel is departing for pastures new, The TRADE can reveal. Vallonthaiel was appointed head of electronic and program trading at Peel Hunt in 2023 after most recently serving at Numis Securities. Banque, Banca Commerciale, and Lugano Espirito Santo Investment Bank.

Electronics

The TRADE

JANUARY 23, 2024

His appointment comes as GTN continues its expansion efforts to build a comprehensive electronic trading and investment platform. GTN serves brokers, banks, asset managers, and fintech clients. Last March, GTN tapped Saxo Bank for its new chief executive of Americas , with the appointment of Eric Krueger.

Sale

The TRADE

MAY 9, 2024

Citi has made a strategic minority investment in Greenwich-based fintech, Cicada Technologies (CT), to facilitate institutional e-trading of Mexican government bonds. Citi’s Markets Strategic Investments unit handled the investment, with Citi set to act as a liquidity provider for the trading platform.

Trading

The TRADE

SEPTEMBER 21, 2023

UK-based investment bank Peel Hunt has appointed the former head of electronic and program trading and sales at Numis Securities to head up its own electronic trading division. Nishad Vallonthaiel Nishad Vallonthaiel has been appointed head of electronic and program trading at Peel Hunt.

Electronics

The TRADE

AUGUST 14, 2023

European agency broker and equities research specialist Redburn and US equity brokerage Atlantic Equities have completed the merger of their operations under Redburn’s parent company Rothschild & Co, initially announced on 26 April.

Broker

The TRADE

OCTOBER 26, 2023

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. It operates across Asia Pacific, Canada, EMEA, and the US.

Electronics

The TRADE

JUNE 20, 2023

Bloomberg has introduced a white label solution for US treasuries, allowing a wide range of broker dealers to provide liquidity for trades initiated on its platform as part of its D&I dealer initiative. The offering – which has been expanded to include US treasuries – is used by investment managers and bond dealers as a pool of liquidity.

Broker

The TRADE

DECEMBER 28, 2023

In 2024, interdealer trading of FX swaps, which has traditionally been dominated by the broker market, will start to migrate to electronic venues. 360T  360T and LSEG offer electronic interdealer FX swaps trading venues, and many other marketplaces are looking into establishing new and additional venues.

Trading

The TRADE

JUNE 1, 2023

Market structure changes in the Euro investment grade (IG) markets and new drivers of liquidity are evolving buy-side trading styles, a whitepaper by Flow Traders has found. Euro IG has continued to transition primarily to electronic executions, which has helped increase volumes. million and 2.5

Trading

The TRADE

JULY 3, 2023

Alongside him, Torsten Schöneborn joined the bank from BNP Paribas where he had been global head of electronic platform and global head of quant prime broking. Before that, he spent almost 10 years at Deutsche Bank, where his roles included global co-head of electronic equities and head of eFX spot quant trading.

Trading

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.

Proprietary Trading

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. Prior to joining Credit Suisse in 2006, Hilton spent six years at UBS Investment Bank as a director. Prior to that, Jones held a corporate broker and equity sales position at ETX Capital.

Asset Management

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.

Trading

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’. The new entity is a “leading force in UK investment banking and the adviser of choice for UK listed companies,” said Deutsche Bank, with Alex Ham, and Ross Mitchinson having been named co-chief executives.

Banking

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. Banque, Banca Commerciale, and Lugano Espirito Santo Investment Bank. Elsewhere, Brown had worked at Citi for sixteen years.

Sale

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.

Boutique

Software Equity Group

AUGUST 20, 2024

This opens the door to significant investment and acquisition opportunities for SaaS companies from strategic buyers within and outside of the software industry. In February 2024, Visma acquired InvoiceXpress, a developer of electronic invoicing software and related APIs for small businesses worldwide.

Investment

How2Exit

MARCH 23, 2023

It is also important to have a strong understanding of the buyer's risk tolerance and their willingness to invest in the business. This fear is especially relevant in businesses that sell electronic devices, such as charging stations, that must be updated or remodeled regularly.

M&A

The TRADE

OCTOBER 26, 2023

Central to its specialism is the close-knit relationship between RBC BlueBay’s trading and investment teams. A bit like a multi-strategy house, BlueBay was once a hedge fund and long only shop and home to as many as eight investment teams with dedicated traders working on each one independently. You’re taught to almost think like a PM.

Trading

The TRADE

APRIL 26, 2024

Head of execution strategy and an electronic sales trader at Liberum are set to up sticks to join Investec, The TRADE can reveal. Dom Lowres and Matt West Dom Lowres, head of execution strategy, and Matthew West, electronic sales trader, are set to join the firm in the coming months to set up a new low touch electronic desk.

Sale

The TRADE

OCTOBER 27, 2023

Most recently, Legal & General Investment Management (LGIM) expanded its footprint across Asia with the opening of its new Singapore office; the latest development in the firm’s growth strategy for the region. We consider Singapore one of our most significant investment centres, both in Asia and internationally.

Trading

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.

Trading

The TRADE

AUGUST 7, 2023

Investment banking boutique KNG Securities appointed Gary Ballard as its new head of equities. 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

The TRADE

NOVEMBER 6, 2023

He also worked on the client coverage team of Credit Suisse’s agency electronic trading platform, Europe, focused on bespoke execution consulting and strategies. Prior to joining Aquis, Clelland was chief operating officer at HSBC Investment Bank corporate finance division and of Shearman & Sterling in London.

Sale

The TRADE

AUGUST 15, 2023

Trading, portfolio and risk management solutions provider TS Imagine has added CLSA’s AI-powered European algo suite to its list of certified brokers. TS Imagine’s TradeSmart features pre-certified connections to more than 250 listed brokers and venues, as well as broker algos.

Broker

The TRADE

AUGUST 10, 2023

Around 24% of derivatives traders and portfolio managers on the buy-side surveyed highlighted FX options as one of the products ‘most desired to have increased availability in clearing in the next two years’.

Portfolio Management

Sica Fletcher

MARCH 26, 2020

The Largest Strategic Players Tell Us Full Steam Ahead – The major strategic acquirors have informed us that they plan to continue to aggressively pursue acquisitions of insurance brokers. These strategic acquirors typically have both their equity and debt facilities in place, so there is no shortage of capital.

Insurance

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

The TRADE

FEBRUARY 8, 2024

The end-to-end workflow allows sell-side users acting as executing brokers to use straight through processing (STP) and facilitate a trade from a single interface. Bloomberg has launched a new automated workflow for trading and reporting of Euro denominated interest rate swaps vs bond futures on Eurex.

Trading

The TRADE

MAY 28, 2024

Market fragmentation has increased over recent years and led to the dispersion of trading activity across primary exchanges, lit and dark multilateral trading facilities (MTFs), banks’ systematic internalisers (SIs) and electronic liquidity providers’ (ELP SIs). If not, what is the alternative?

Equities

Sica Fletcher

JUNE 2, 2020

First, these brokers each have growth strategies whose success is measured by the expansion of revenues and EBITDA. We will have much more to report on the current state of the private equity and debt markets for insurance brokers in our next blog. There are two principal reasons.

Insurance

The TRADE

OCTOBER 2, 2024

Electronic trading capabilities have led to a major shift away from voice trading, and this has changed the role that counterparties play when they work together. In some cases, this shift of duties has reduced the buy-side’s reliance on sell-side expertise, allowing for greater autonomy in investment strategies.

Trading

The TRADE

APRIL 25, 2024

With innovation rife across the emerging markets space, it should come as no surprise that plans for further investment are picking up pace. However, despite this, Joe Collery, head of trading at Comgest endorsed a measured approach whilst speaking at TradeTech earlier this week.

Trading

The TRADE

NOVEMBER 2, 2023

A friend suggested I consider investment banking and following a trading and sales summer placement at ABN AMRO in the City, I was instantly captivated – I had found my fit. Fast forward to the end of my studies, I applied for a position at a European investment bank.

Trading

The TRADE

AUGUST 14, 2023

I’ve always worked in the asset management industry, starting my first job at 18 with Scottish Amicable Investment Management in Glasgow. What has your journey to the trading desk been like? I joined the banking services team and within that team sat the Treasury function consisting of a money market and FX trader.

Asset Management

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. All of this points to RFM as a natural next step in the development of electronic workflows in fixed income. The result: a boom in RFM.

Trading