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BMO CapitalMarkets has appointed Harj Bagria within its electronic trading division, The TRADE can reveal. Most recently, Bagria held an EMEA equity trading position, based in London. Elsewhere in his tenure at Credit Suisse, Bagria held APAC equity trading and electronic sales trading positions, based in Hong Kong.
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.
BNY Mellon has made two key senior managing director hires into its fixed income and equity sales and trading businesses. Bianca Gould has been appointed head of fixed income and equities EMEA, based in London. Elsewhere, Kathleen Kinsella has joined BNY Mellon as head of US fixed income sales, based in New York.
Olivia Gassner has joined JP Morgan as VP, equityelectronic sales trader following a stint at RBC CapitalMarkets. New York-based Gassner served in the same role at RBC CapitalMarkets for three years prior to the move. The post RBC CapitalMarkets trader joins JP Morgan appeared first on The TRADE.
Chris Robinson has been appointed multi-asset trader at Liquidnet, joining from Louis CapitalMarkets where he worked for almost 13 years. He most recently served as a EMEA and US equity sales and execution trader. The post Louis CapitalMarkets trader joins Liquidnet appeared first on The TRADE.
BTIG has made two key appointments including promoting Troy Donohue to head of Americas portfolio trading and hiring Henri Taylor as director within electronic trading sales. Elsewhere, Taylor brings over 20 years’ experience in electronic trading sales to the firm.
Peel Hunt Peel Hunt’s head of electronic and program trading Nishad Vallonthaiel is departing for pastures new, The TRADE can reveal. A spokesperson for Peel Hunt confirmed Vallonthaiel’s departure and that the firm was actively recruiting to fill the role.
BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses. Bianca Gould was appointed head of fixed income and equities EMEA, based in London. Paul Battams was named head of international equity trading at BlackRock following 23 years with the firm.
Euronext has appointed former Credit Suisse sales trader Nathalie Ruiz as head of continental equity sales. Before joining Credit Suisse, Ruiz spent two and a half years at Cheuvreux as an electronicequities sales trader. Prior to this she held the same role as vice president for five and a half years.
RBC CapitalMarkets has appointed Giles Gleave and Mike Heraty as its newest managing directors, according to an internal memo seen by The TRADE. Heraty is set to take on the role of head of US equity solutions and structured product sales, whilst Gleave has been appointed as head of European equity solutions.
Edgar Castel is set to join Nordea as an equity trader following almost five years at Candriam, as revealed by The TRADE. Castel most recently served as a trader focused on equities (cash and swap), foreign exchange, and listed derivatives. Before that, Green worked in fixed income derivatives solutions at Barclays Investment Bank.
RBC’s co-head of European electronic sales and trading, Bianca Gould, is set to leave the bank after almost three years as part of streamlining measures across the business. Gould joined RBC CapitalMarkets in October 2020 to co-lead its European low touch sales and trading business alongside Chris Parker who has been in the role since 2011.
Non-profit member organisation for the equity marketplace, Plato Partnership, has added Liquidnet as an inaugural strategic partner. Liquidnet brings knowledge and experience in capitalmarkets to the Partnership and will play a crucial role in shaping and informing Plato’s initiatives within capitalmarkets, the organisation said.
This latest appointment follows that of Olivia Gassner, who was appointed VP, equityelectronic sales trader at JP Morgan earlier this month. Gassner joined the firm from RBC CapitalMarkets, where she served in the same role for three years prior to the move. Roberts announced his appointment in a social media post.
RBC appointed two former Credit Suisse senior algorithmic trading individuals to join its low touch electronic sales and trading team. Webster also joins from Credit Suisse where she had previously spent 18 years, first as a pan European equity cash trader and later in a sales and trading role also within the AES division.
Last year, Goldman Sachs’ chief operating officer for EMEA equity execution services Eleanor Beasley took home the Industry Person of the Year Award in a landslide victory. Over the course of his career, Baugh has become renowned as a trusted partner to clients and for leading positive change in the European equities marketplace.
BTIG made two key appointments including promoting Troy Donohue to head of Americas portfolio trading and hiring Henri Taylor as director within electronic trading sales. Elsewhere, Taylor brings over 20 years’ experience in electronic trading sales to the firm.
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. Atlantic clients will also be able to delve into the existing European product.
UBS shakes up execution services management team structure People moves are always one of our biggest draws in readership, and in October, UBS’ plans to make changes within its execution services business , specifically the electronic trading area, became one of most read stories of the year.
Smith brings more than 30 years’ experience in the capitalmarkets sector to the role, having worked in various exchanges and regulators, alongside helping develop market and industry standards. He joins from ED&F Man CapitalMarkets, a company he founded.
Kirk joins the capital management firm with experience working as a trader on both the buy- and sell-side. Previously he worked as an equities and fixed income trader at James Hambro & Partners and before that as a high touch cash equities trader for Jefferies. Whelan joined Pictet AM as an equity trader back in 2016.
While everyone seems to know about equity research and trading stocks, fixed income research gets far less attention. Equity Research vs. Fixed Income Research Common Myths What Do You Do as a Fixed Income Research Analyst or Associate? Each role has common analytical elements, but the specifics and deliverables differ (e.g.,
Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. RBC BlueBay Asset Management equity trader, Michael Tamou, left the asset manager to join Qube Research & Technologies (QRT).
For Europe, the advancement of technology is not the only narrative that’s reshaping the market as stagnant volumes and liquidity also continue to redefine who is capable of sitting at the top of the financial food chain. We’ve seen market share consolidate to fewer players and I think we’ve been a big beneficiary of that theme.”
Hosie originally joined Credit Suisse in 2017 as its head of equities Asia Pacific, later assuming responsibility of the asset class for both Asia Pacific and EMEA and eventually taking up the role in a global capacity in 2023. BTIG appointed Sean Shanker as a managing director within the electronic trading team, based in New York.
Read more: LedgerEdge closes three years after launch “As many of you know, Brian is a proven multi-asset trader and trading technologist with valuable asset management and capitalmarkets experience,” said Stephen Berte, president at BIDS Trading, in a social media post.
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 electronicequities and head of eFX spot quant trading.
De Groot has three decades of experience in the capitalmarkets and banking sectors, having worked at major global institutions across North America, Europe and APAC. Zain Nizami, global head of cash equity trading, will also join ESMF as well as having oversight of CRB risk.
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. While evolution of equitiesmarket structure in the US is long overdue, what form it should come in is up for debate.
Jonathan Tse has been appointed managing director, EMEA head of electronic trading quant analytics, platform and product at UBS, as he moves over from Credit Suisse. In his new role, Tse is set to focus on growing algo platforms, as well as working in electronic trading for cash equities, global FX, and global exchange traded derivatives.
O’Connor has also previously held senior positions at State Street Global Advisors during his ten-year tenure, where his responsibilities included leading “a diverse cohort of product and capitalmarkets teams for the SPDR ETF franchise”.
Early adopters of the new trading service include Bernstein, BNP Paribas, BMO CapitalMarkets, Instinet Europe, Jefferies KCx and Virtu Financial. We’re excited to be bringing this first-of-its-kind service to the European equitiesmarket and help enhance execution outcomes for end investors.”
First, we expect predictive capabilities to become table stakes for most participants in electronicmarkets. In capitalmarkets, data quality is judged at minimum by its timeliness, granularity, consistency, and completeness. What role can/do providers play in capitalmarket democratisation?
Alongside these, The TRADE is excited to reveal the Editors’ Choice Awards for 2024, recognising excellence from all corners of the capitalmarkets industry, including exchanges, trading venues, technology and data vendor services and more. Buy-side, Industry Person of the Year and Innovation Awards will follow in the coming weeks.
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.
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.
He originally joined HSBC in 2014 as a developer for front office data, working his way up to his most recent role as head of AI for markets and securities services which he served in for four years. According to sources familiar with the matter, it has been communicated to clients that due to streamlining, certain roles have been eliminated.
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.
“The reforms we adopted will help promote greater transparency, competition, fairness, and efficiency in our $55 trillion equitymarkets. They are pro-capital formation.” Read more: The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain? That goes to the heart of the SEC’s mission.
Read more – Numis shutters low touch electronic trading business At the time the deal was revealed, documents seen by The TRADE made clear that the move had come amidst the bank evaluating the best way to accelerate the growth of its UK business after identifying it as the largest investment banking market in Europe.
GIX submitted its Form 1 application on 9 May 2023, outlining plans to operate a fully automated electronic trading platform for the trading of listed equities – no physical trading floor is planned.
Countering this viewpoint, Anish Puaar, head of European equitymarket structure at Optiver, added: “Not all orders or all liquidity is suitable for public markets, whether that’s lit, dark, or periodic and you do need those alternative means of executing. We talk a lot about retail and retail involvement in the market.
I began my buy-side journey on the ETF capitalmarkets team, a product and market infrastructure I had no experience of, which was incredibly exciting and daunting at the same time. We also have a systematic trading desk which executes low touch flow electronically, utilising increasingly sophisticated technology.
Eric Stockland, co-head of global electronic trading at BMO CapitalMarkets, explains that the venues largely fall into two categories: “It’s like a Phillips screwdriver and a Flathead screwdriver. billion and market share which accounted for 6.3% of total continuous trading in European equities.
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