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

SEPTEMBER 19, 2023

Tradeweb clients are now able to clear Yen swaps – executed on its multilateral trading facilities (MTFs) and swap execution facilities (SEFs) – via the Japan Securities Clearing Corporation (JSCC). The post Tradeweb and Japan Securities Clearing Corporation collaborate on Yen swaps appeared first on The TRADE.

Collaboration

The TRADE

MAY 9, 2024

Citi joins existing investors Kaszek Ventures, Dila Capital and BCP Securities. The ATS is registered with the SEC and the broker-dealer activities of Cicada Securities – a subsidiary of CT – are regulated by FINRA.

Trading

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

JULY 18, 2024

The Green Impact Exchange (GIX) is on track to becoming the first sustainability-focused securities exchange in the US to file with the US Securities and Exchange Commission (SEC), and if approved, could begin operations in early 2025. The true essence lies in the infrastructure that supports these transactions. GIX will provide that.”

Trading

The TRADE

DECEMBER 4, 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, The TRADE can reveal. She will report to global head of electronic trading and distribution, Jason Rand. Kepler Cheuvreux and Berenberg declined to comment.

Electronics

The TRADE

MAY 20, 2024

Kepler Cheuvreux’s head of market structure and liquidity solutions has left the broker dealer, The TRADE can reveal. He joined the broker dealer in 2016 as its head of portfolio and electronic sales trading, later assuming his most recent role as head of market structure and liquidity solutions in 2022.

Broker

The TRADE

JULY 1, 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. Griffin left Kepler in May after over eight years with the broker dealer. He joins as head of execution sales and microstructure.

Bank

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.

Broker

The TRADE

SEPTEMBER 22, 2023

Goldman Sachs has settled a $6 million charge from the Securities and Exchange Commission (SEC), having admitted the commission’s findings regarding the submission of deficient blue sheet data. Goldman was found to be lacking in its processes for verifying the accuracy of its electronic blue sheet submissions.

Trading

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. Chhaya joins the bank after also previously serving at Instinet, Liquidnet, HAITONG, Canaccord Genuity and Numis Securities.

Sale

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

SEPTEMBER 4, 2023

These include Sell-Side Market Structure Excellence (to recognise those firms most dedicated to supporting their clients through the ever-shifting regulatory landscape), Best Broker Electronic Trading Initiative (to reward those sell-side desks most committed to developing their electronic offering to meet client demand) and Best Innovation at the (..)

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

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

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

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

IT

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 is exclusively available to broker dealers and does not connect directly with the buy-side.

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

NOVEMBER 6, 2023

SIX’s head of equities Adam Matuszewski has resigned from the exchange group after over 10 years to take up a new role at Citadel Securities based in London. He also worked on the client coverage team of Credit Suisse’s agency electronic trading platform, Europe, focused on bespoke execution consulting and strategies.

Sale

The TRADE

AUGUST 21, 2023

The four separate rulemakings put forward by the US Securities and Exchange Commission (SEC) in December last year represent the most significant attempt to revamp market structure for US equities in recent memory. The development of the current rules was informed by technological capabilities that today seem hopelessly archaic. “The

Equities

The TRADE

AUGUST 1, 2023

The firm focused on expanding the reach of electronic trading and providing market participants an alternative model. More recently it gained the same approvals from the Securities and Exchange Commission (SEC) in February of this year.

Trading

The TRADE

AUGUST 9, 2024

It’s extremely important that the trading desks are also in tune with the analytics to ensure efficient onwards processes like liaising with brokers on their trading performance. Drilling deeper into brokers’ venue choices has also become imperative to analyse on the buy-side. Can the use of TCA in fixed income mirror equities?

Investors

The TRADE

AUGUST 8, 2023

The SEC specifically highlighted electronic communications and the widespread and longstanding failures by firms and their employees to maintain and preserve these. All firms admitted wrongdoing, confirming the facts set out in the SEC orders and acknowledged their violations of the recordkeeping provisions of the federal securities laws.

Capital Market

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. Securing Reliable Supply Chains through M&A Diversification of Supply Sources A primary strategy to manage product shortages is diversifying supply sources.

M&A

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. We view this as a complement to broker led avenues of liquidity, not as a replacement.” Enhancements seen on the buy-side have lent themselves to more automation on the desk.

Trading

Sun Acquisitions

APRIL 25, 2023

Navigating the sales process can help ensure you secure the best buyer and get the most out of your sale. The post Navigating the Sales Process: A Step-by-Step Guide to Selling Your Business appeared first on Sun Acquisitions | Chicago Business Broker and M&A Firm.

Sale

Sun Acquisitions

MARCH 26, 2024

Sign manufacturing companies can secure their operations and maintain a competitive edge by aligning with or acquiring companies with robust supply chains. Consider a sign manufacturer specializing in electronic displays facing a shortage of semiconductors—a problem that has plagued many industries in recent years.

M&A

The TRADE

AUGUST 1, 2023

Goldman’s smart order router (SOR), for example, connects to around 27 electronic liquidity provider (ELP) streams. New regional focuses in particular have seen heightened interest from clients in light of ongoing macro events such as the invasion of Ukraine and the subsequent restrictions on trading Russian securities globally.

Equities

The TRADE

MAY 23, 2024

Eric Stockland, co-head of global electronic trading at BMO Capital Markets, explains that the venues largely fall into two categories: “It’s like a Phillips screwdriver and a Flathead screwdriver. Auctions run concurrently across the universe of securities as opposed to independently timed single security auctions.

Trading

Sun Acquisitions

AUGUST 2, 2024

As the demand for high-quality signage continues to grow, sign manufacturers should consider leveraging M&A to secure the skilled workforce needed to meet industry demands. This acquisition provided Daktronics with a skilled workforce specialized in digital signage technology and software.

Manufacturing

The TRADE

JULY 30, 2024

Consequently, ETF trading techniques have evolved to source new pricing opportunities either via electronic request for quote (RFQ) platforms and/or ETF algos and to take advantage of ETF trading provision at the exchanges themselves,” says Tim Miller, senior trader at Fidelity International.

Retail

Software Equity Group

AUGUST 20, 2024

In February 2024, Visma acquired InvoiceXpress, a developer of electronic invoicing software and related APIs for small businesses worldwide. Splunk’s software enables business intelligence, predictive analytics, monitoring, and management of applications, IT operations, and security.

Investment

The TRADE

OCTOBER 24, 2024

The idea that in order to understand the changing price of an individual stock or security, one would have to study daily directories and newspapers is something that many of those starting out in the industry today will never understand. In years gone by, buy-side firms have placed orders via a sell-side broker to be traded on exchange.

Trading

The TRADE

APRIL 30, 2024

On 30 June 2023, Livor was replaced by the Secured Overnight Financing Rate (SOFR). Traditionally, many securities transactions have settled on a T+2 basis, in which buyers receive ownership of a security and the seller receives payment two business days after the trade date.

Financial Institution

CNBC: Investing

JULY 22, 2025

" the firm's CEO said on CNBC's " Halftime Report " on Tuesday, referring to Interactive Brokers. Shares of the electronic broker are up more than 40% in 2025, as investors have grown optimistic on the company's exposure to a wide range of currencies and strong trading volumes seen this year.

Stock

The TRADE

DECEMBER 17, 2024

James Baugh, managing director, head of European market structure, TD Securities Market consolidation versus liquidity fragmentation will be a point of discussion into next year. Joe Collery, head of trading, Comgest I feel the biggest trend in 2025 will be redefinition of the roles of ELPs [electronic liquidity providers].

Trading