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Bloomberg has appointed Colin Williams in an electronic trading and analytics solutions role. Prior to that, he spent six and a half years at State Street Global Markets in a portfolio solutions role. The post Bloomberg taps BNY Mellon for new electronic trading and analytics solutions hire 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.
Portfolio trading as a concept has exploded in the last few years, egged on by market conditions and volatility brought on by the pandemic and other macroeconomic factors. Portfolio trades have historically helped many institutions to move big blocks of risk. billion in total portfolio trading volume in Q3 2023, up 11.1%
With multiple gaming projects like Battlefield slated for release, he projects that Electronic Arts could see double-digit earnings growth over the next three years. The research firm upgraded the video game company to buy from neutral and hiked its price target 6%, to $185 from $175, implying about 20% upside from Monday's close.
Additionally, the addition of T-bill trading follows the firm’s recent expansion of its electronicportfolio trading solution to cover European government bonds , in a bid to help investors improve execution workflows and adapt to market changes.
It’s a relative rarity in consumer electronics, a category dominated by corporations like Samsung, Apple and Sony, which are (perhaps understandably) somewhat risk averse. Every so often, a new startup crosses your radar and reminds you how exciting hardware can be. Melbourne-based Nura was one such company.
The analyst said he is most constructive on merchant and select custom silicon and electronic design automation (EDA) software vendors that are tied to ongoing AI-related spending. Analyst James Schneider issued buy ratings on Nvidia , Broadcom , Cadence Design Systems and Synopsys.
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.
Intercontinental Exchange (ICE) has acquired American electronic exchange for direct lending and borrowing, the American Financial Exchange (AFX). We look forward to continuing to serve this important market, delivering innovation and new product development made possible through the addition of AFX to our portfolio.
Earlier this year, the custodian added a Financial Information Exchange (FIX) application programming API to its Fund Connect ETF portal. Available to all participants on the platform, the enhancement provides connectivity and electronic communication through an industry protocol used in electronic trading.
For Mastercard, 29 out of 40 analysts covering the stock have a strong buy or buy rating, while 33 out of the 41 total analysts covering Visa have a strong buy or buy rating on the name. Both stocks were marginally higher in the premarket Tuesday, with Mastercard gaining almost 1% and Visa climbing more than 1%.
Tradeweb’s trading activity from its electronic platform will be amalgamated by the closing prices, enabling closer alignment with actual trading levels and intraday pricing. These prices are administered in accordance with the EU and UK Benchmark Regulation and the IOSCO Principles for Financial Benchmarks.
The integration of List and RFQ protocols enables our clients to execute faster and make more effective investment decisions through our seamless electronic trading solution,” said Brian Bejile, chief executive of Octaura. Octaura’s combined RFQ and Lists offering delivers significant efficiencies for both the buy- and sell-side.
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.
The solution includes fast access to relevant new issue securities with the most up-to-date information, electronic order routing, and automatic delivery of final allocations. First, orders from various portfolio managers are staged and aggregated before being electronically routed to InvestorAccess.
What are the key factors contributing to the rise of credit portfolio trading? Portfolio trading has seen a dramatic rise these past few years. However, in this scenario, traders don’t have the option of choosing the bonds included in a portfolio. Despite this, portfolio trading has become increasingly attractive.
Fixed income trading venue and data provider MarketAxess has expanded its integration with the Investortool platform for its municipal bond activity From now, MarketAxess’ offerings will be displayed on the Investortools Dealer Network (IDN) as it seeks to expand its electronic municipal trading.
The analyst also cited other catalysts for gains such as new customer growth and an improving AI portfolio. Singh said AI will create a long growth runway in the core data warehousing business and sees market expansion into both data engineering and AI providing a compound annual growth rate of at least 20% through 2030.
Institutional investors are more frequently expecting near-instant liquidity when trading corporate bonds, with more than 40% of the total notional volume of IG bonds now traded electronically. The report did note that the push towards automation is largely driven by the largest global dealers and non-bank market makers.
In his new role, he will also co-head electronic trading and be responsible for the development of BTIG’s new generation algorithms. Agency broker BTIG has selected the former head of execution strategy at Millennium to take up the same role. Effective from December 2023, Stephen Ponzio has joined BTIG as its head of execution strategy.
Algorithmic development has and always will evolve to achieve the best performance possible versus the client benchmark,” says Alex Harman, head of EMEA electronic and program trading at Goldman Sachs. The longer I take, the more opportunity/risk I’m exposed to.
" Other potential winners in the QQQ exchange-traded fund include DexCom and Electronic Arts. "Additionally, CHTR's Life Unlimited rebrand, which provides a converged broadband/mobile offering as well as customer service guarantees, is showing early traction."
Bookbuilding platform Appital has launched a new initiative to unlock liquidity unavailable through traditional electronic trading venues. Traders and portfolio managers will also be able to access exposure to liquidity events in relevant equities meeting their minimum ADC or pricing thresholds.
Tradeweb claims to be the first electronic trading platform to make OIS curves available during the repo trade negotiation process, which will enable institutional clients to better assess the price competitiveness of different repo rates across different currencies and maturities.
Europe is central to our strategy and joining this exchange will offer our clients direct access to an important European market and help diversify portfolios.” Last September, the Vienna Stock Exchange included electronic market maker Optiver to its platform.
European electronic fixed income platform MTS and fintech Wematch.live have run their first session of The MTS Swaps Risk Netting Service – their session-based trading functionality for interest rate swaps (IRS).
Credit markets have evolved dramatically in the last few decades through the introduction of electronic trading and the consequent introduction of portfolio trading, fixed income ETFs, and credit algos.
Among the various protocols that exist within fixed income – including request for quote (RFQ), request for streams, central limit order books, portfolio trading, periodic auctions, request for market (RFM) and voice – panellists discussed the optimal mix of protocol innovations to achieve best execution.
Beginning her career on the buy-side at boutique asset manager Credit Suisse First Boston as an investment portfolio analyst in London in 1986, Ruffles has seen the markets through several highs and lows. When I joined State Street in 2004, we were electronically trading then. “In asks Ruffles. Absolutely yes. Ruffles says.
Appital Insights went live in September 2023, helping unlock liquidity unavailable through traditional electronic trading venues. FactSet Portware EMS has also made a new functionality available, ‘Live Watchlist’, allowing buy-side institutions to assess the viability of executing larger ADV orders without alerting the market.
Alex Livingstone, formerly head of trading for ETFs and FX at Titan Asset Management, joined Titan Investment Solutions as a junior portfolio manager and trader. BTIG appointed Sean Shanker as a managing director within the electronic trading team, based in New York. He began his trading career at UBS in Hong Kong.
I see the current credit trading environment split into three main protocols: electronic trades, voice trades and portfolio trades. However, increases in efficiencies have meant smaller trades (up to $2-3 million in EM) are moving to electronic platforms and the bigger flows are being packaged into portfolio trades.
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.
Interconnect & Sensor Systems is made up of commercial electronics, automotive sensors, and fiber‑optic/copper connectors. Amphenol is in three businesses: Harsh Environment Solutions sells ruggedized connectors, cable assemblies, and sensors for aerospace, defense, industrial, and automotive applications.
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. Kepler Cheuvreux’s head of market structure and liquidity solutions has left the broker dealer, The TRADE can reveal.
Miller is a Bloomberg veteran having spent over 20 years at the company, holding several senior positions, including: global head of sales and account management (global markets electronic trading); global head of fixed income, currencies, commodities electronic sales; and global head fixed income electronic trading sales.
The asset manager will use Bloomberg’s order and investment management solution AIM in connection with its portfolio analytics, order management and trading compliance activities. AIM will allow NJ Asset Management to expand its investment strategy across its portfolios while also utilising real-time data for rebalancing decisions.
As head of State Street Global Advisors Europe – her current role – she is responsible for the firm’s EU-based portfolio management, distribution, product development, fund management and operations. Arqaam confirmed that Shalabi will have a specific focus on enhancing the firm’s electronic trading capabilities as well.
He joined Ninety One in 2013 as a client operations analyst, moving into a portfolio implementation role in 2015 and taking up his current role as fixed income trader in 2018. Prior to that, he worked at Morgan Stanley, initially joining as an electronic trading associate before going on to a role as equity sales trader.
"Lyft is well positioned with FlexDrive (~14K cars on balance sheet) as AVs scale and require fleet [management] partners." " To be sure, most analysts are on the sidelines when it comes to Lyft. Of the 48 covering the stock, 32 rate it as neutral.
Raymond joined LGIM as its head of credit trading in 2019 when the asset manager was undergoing the process of splitting up its portfolio management and trading capabilities. Chicago is a very small community and so I knew most of the portfolio managers and management at LGIM America before I came over.
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.
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