The TRADE

OCTOBER 10, 2024

This platform aims to offer our clients deeper insights into the efficiency and cost-effectiveness of their trades, provide a complete feedback loop (including pre- and post-trade analysis), and support the decision-making process for portfolio managers. How can TCA use be further optimised/automated on the trading desk?

Trading

The TRADE

NOVEMBER 3, 2023

Read more – The Outsourced Trading Handbook 2023 Coalition Greenwich shared the response of one portfolio manager, which highlighted how outsourced providers “act as an extension to the trading desk and understand [our] trading goals,” while another commented on the importance of “added expertise that [we] do not have in-house.”

Trading

The TRADE

FEBRUARY 6, 2024

Adroit’s offering is a single point of access, cross-asset, all-in-one tool for traders and portfolio managers active in cash and derivatives markets (often across tangled global account structures). Founded by Jaglan in 2014 focused on OTC solutions, Adroit has since expanded into EMS and achieved profitability in 2016.

Trading

The TRADE

OCTOBER 4, 2023

As part of the acquisition, Bryan Messer has been appointed general manager of Asia Pacific, managing director of portfolio management solutions and artificial intelligence at LiquidityBook, with his staff also joining. In addition, the accounting and reconciliation engines of Messer Financial Software will be integrated.

Portfolio Management

The TRADE

JULY 6, 2023

Despite retail flows not necessarily adding much in terms of available liquidity, Liquidnet noted that book depth, lower correlations and reduced volatility had improved for traders and portfolio managers. Wholesales were found to have increased their consumption of flow from retail brokers. billion worth of purchasing.

Retail

The TRADE

JUNE 20, 2024

On the latter, we work really closely with our brokers to adapt our algo strategies to benefit from those changes, where possible through strict A/B experimentation. We think this leads us to faster insights and, ultimately, a stronger partnership with our portfolio managers who can also access and consume the same analytics.

Broker

The TRADE

JANUARY 24, 2024

Various techniques exist to help combat the issue, including splitting larger parent orders into smaller child orders to disguise the full intent of a trade, to both the market and a single broker. The client’s desired customisation might also achieve different outcomes across brokers.

Trading

The TRADE

AUGUST 10, 2023

One of the benefits of growth in FX clearing includes developments in financial resource management tools, said Coalition Greenwich, further highlighting that increased clearing is set to affect how and with whom the buy-side trades.

Portfolio Management

The TRADE

MAY 28, 2024

Depending on portfolio managers’ instructions, orders’ size, liquidity levels and market conditions, deciding where and how to implement investment ideas efficiently has never been more important for institutional traders than in the current market environment.

Equities

The TRADE

OCTOBER 18, 2024

Dominic Rieb-Smith, managing director, international head, prime services sales, JP Morgan, refers to the past year as “a standout”. Data from Convergence tracking the top 25 prime brokers showed their market share grew from 83.3% in April 2023, to 92% in 2024.

Broker

The TRADE

APRIL 17, 2024

“In the end, the efficiency that we hoped to reach with having one desk was not realised and therefore we said we want to focus on one specific asset class with dedicated equity traders, fixed income traders and FX traders,” says head of equity trading and operational portfolio management at Robeco, Robbert Wijgerse. “We

Trading

The TRADE

SEPTEMBER 11, 2023

RBC appointed Guy Chalkley as managing director, UK flow rates sales. Chalkley brings more than three decades worth of financial services to the role, in both portfolio management and rates sales. Frédéric Benizri left TP ICAP to join financing, investment and risk management business CIC Market Solutions as a sales trader.

Sale

The TRADE

OCTOBER 9, 2023

According to the UK regulator, the policy statement is most relevant to trading venues, service companies, interdealer brokers, broker dealers, portfolio managers, technology firms serving trading institutions, and investment-based crowdfunding firms operating in primary and/or secondary markets.

Trading

Wall Street Mojo

JANUARY 17, 2024

Financial institutions with good credit ratings offer swap facilities to clients and charge fees from brokers. The broker-dealer network facilitates such decentralized trading of derivatives, equity and debt instruments. The banks use interest rate swaps to manage interest rate risk. Table of contents What Is Interest Rate Swap?

Financial Institution

The TRADE

APRIL 25, 2024

Specifically, Collery highlighted the important role of portfolio managers and a proactive approach to forging those key relationships.

Trading

The TRADE

JANUARY 3, 2024

That line-up is largely made up of independent firms, prime brokers and custodians, all of whom are enjoying a piece of the growing pie, with their own strengths and weaknesses. Coalition Greenwich points out that from 2018 to 2022 the number of outsourced trading providers grew from fewer than 10 to more than 40.

Trading

The TRADE

OCTOBER 26, 2023

While traders don’t have the authority to load up trades, outside of execution they are expected to collaborate with their portfolio managers to bring value add to the investment process by making suggestions around idea generation and execution. The trading team work closely in tandem with portfolio managers when preparing a strategy.

Trading

The TRADE

MAY 1, 2024

Papanichola began his career at interdealer broker, GFI, however quickly realised the environment wasn’t the one for him. We weren’t a dealing desk, we were a trading desk so we actually took and actively managed positions but were also the eyes and ears for the more traditional PMs within the firm.

Trading

The TRADE

OCTOBER 2, 2024

“We view this as a complement to broker led avenues of liquidity, not as a replacement.” As a result of this, traders are left with increased capacity to focus more on executing larger orders and value-add idea generation for portfolio managers. “The But they also promote transparency which is key to trust building.”

Trading

The TRADE

OCTOBER 9, 2024

If a portfolio manager wants to execute a trade days after such an event, they need to understand that liquidity may be reduced, and they must be confident in their strategy if they’re willing to pay more in the bid-offer spread.” Often we won’t commit orders fully to a broker.

Trading

The TRADE

DECEMBER 1, 2023

That buy-side trader would speak with their portfolio managers, and that portfolio manager could then potentially respond to the liquidity opportunity that is being presented to them. What they don’t have is the requirement to be everywhere, all the time.

Trading

The TRADE

JULY 24, 2023

He joined DWS Group a year later as a portfolio manager and worked his way up through the ranks, going on to lead teams of PMs focused on a range of instruments that stretched across asset classes. But Eppacher began to notice a distance between himself and the day-to-day action of what was happening in the markets.

Trading

The TRADE

JULY 5, 2023

” or “give me a breakdown of value by portfolio manager” Taking a step further, orders can be grabbed to prep or allocated internally across the desk. Simple requests can be made, for example, “how many of my orders have been waiting for more than ten minutes?”

Trading

The TRADE

MAY 23, 2024

It is rare, for example, that you’ll find an asset manager worrying about the good of the market or how an order might influence the primary lit market share, over whether or not they have achieved the optimal outcome for their portfolio manager and end investor. The elephant in the room: budget.

Trading

The TRADE

AUGUST 7, 2024

Traders, and portfolio managers, across the industry are seemingly eager to be part of these conversations – not just about the dawn of outsourcing but also when it comes to technological change across the market. Examples just from just the last six months include UK-based investment management firm Waverton – which has £9.1

Trading

The TRADE

AUGUST 14, 2023

Although there are clear differences in asset classes, I think trading fundamentals are consistent across products, so multi-asset traders and specialists really require a lot of the same skills.

Asset Management

The TRADE

MARCH 4, 2024

JP Morgan subsidiary Neovest has moved to expand its capabilities in the hedge fund sphere with the acquisition of investment management platform LayerOne Financial. The deal is intended to allow the multi-asset and broker neutral order and execution management platform to offer integrated execution, order and portfolio management services.

Funds

The TRADE

OCTOBER 24, 2024

These systems touch upon all elements of the trading lifecycle throughout the front-to-middle-to-back-office including execution, order, risk and portfolio management. In years gone by, buy-side firms have placed orders via a sell-side broker to be traded on exchange.

Trading

The TRADE

FEBRUARY 15, 2024

The role of prime brokers and global custodians is also set to be addressed in this vein with an end goal of allowing market participants better access to data and ultimately, better execution. Related to this, is the third focus – FX data and the promotion of it’s good use.

Asset Management

The TRADE

MARCH 5, 2025

This gives us the vantage point of buy-side execution staff who have experience managing both portfolio managers and getting the best out of a broker network. Weve predominantly hired extremely experienced hedge fund and institutional traders who have seen all the different parts of the cycle.

Trading

The TRADE

MAY 1, 2025

Pre-trade, market impact and peer models are not as common and can be less detailed compared to equities and this is an area which might benefit from more investment by vendors and brokers alike. These can then be used to normalise slippages versus market conditions, to treat brokers/algos fairly.

Equities

The TRADE

MARCH 13, 2025

were FIX capabilities (6.18), latency (6.13), breadth of broker algorithms (6.05) and client service personnel (6.01). The mix of traders, portfolio managers and technology personnel provide a rich perspective on the use of EMS solutions and the impact on the overall front-office business. when compared to 2023.

Trading

The TRADE

JUNE 4, 2025

This enhancement improves trading desk operations, interactions with portfolio managers, and broker relationships. Having a proper TCA solution available has helped us change the conversations we are having with our brokers. Empirically, we use external TCA providers to enrich our data across all available asset classes.

IT

The TRADE

DECEMBER 27, 2024

Non-quant firms are looking to use alternative methods to improve trading outcomes, monitor risk and performance, improve alpha generation and broker selection, and gain a competitive advantage. Traditionally, only quant trading firms were at the forefront of the data race, but this is changing.

Trading