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In the dynamic realm of the financial markets, the introduction of technology has proven to be a catalyst for transformative change, overhauling existing trading strategies. Among the wide range of advancements, algorithmic trading has revolutionised how financial instruments are bought and sold.
UK-based boutique fixed income trading desk BlueBay Asset Management is beginning a new chapter in its life. The move has opened up swathes of synergy opportunities for the pure fixed income asset manager, with its traders now working directly alongside RBC BlueBay Asset Management’s equities desk.
Peel Hunt Redburn Atlantic’s head of electronictrading has left the firm to join UK investment bank Peel Hunt, as revealed by The TRADE. He replaces Nishad Vallonthaiel as head of electronictrading. He replaces Nishad Vallonthaiel as head of electronictrading.
State Street has expanded the capabilities of its Alpha platform to support the entire lifecycle for exchange traded funds (ETFs). Available to all participants on the platform, the enhancement provides connectivity and electronic communication through an industry protocol used in electronictrading.
Trading Technologies International (TT) appointed Gavin Miller as its new director of EMEA sales – TT Fixed Income. Prior to joining Bloomberg, Miller worked as a credit trader at Salomon Smith Barney – now Morgan Stanley Wealth Management.
What are the benefits of merging trading across asset classes? The key benefits of merging the trading function to be multi-asset have to come down to efficiency and scale, both as it relates to the execution of trades but also on how the trader operates when observing markets, providing market colour and looking at data.
For Sharon Ruffles, head of fixed income trading for EMEA and Asia Pacific at State Street Global Advisors, the beauty of fixed income lies in how much one day can vary from the next. She began her trading career on an all-female trading desk, and says it was watching the world’s news play out in the markets that drew her to trading. “I
The London-based trading team at Ninety One has a very particular set of skills. The active investment manager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. Ninety One’s trading team consists of 17 globally with six – soon to be seven – based in London.
Tradeweb claims to be the first electronictrading 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.
However, despite this, Joe Collery, head of trading at Comgest endorsed a measured approach whilst speaking at TradeTech earlier this week. Specifically, Collery highlighted the important role of portfoliomanagers and a proactive approach to forging those key relationships.
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.
Bookbuilding platform Appital has launched a new initiative to unlock liquidity unavailable through traditional electronictrading venues. Traders and portfoliomanagers will also be able to access exposure to liquidity events in relevant equities meeting their minimum ADC or pricing thresholds.
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 portfoliomanagers are staged and aggregated before being electronically routed to InvestorAccess.
Global asset manager Robeco leverages a low touch and high touch trading team that spans across three continents. And, like most asset managers across the street, its global equity trading desk plays host to a variety of characters, each bringing their own individual string to the wider team’s bow.
Appital Insights went live in September 2023, helping unlock liquidity unavailable through traditional electronictrading venues. The post Appital Insights completes integration with FactSet Portware EMS appeared first on The TRADE.
As head of State Street Global Advisors Europe – her current role – she is responsible for the firm’s EU-based portfoliomanagement, distribution, product development, fund management and operations. In addition, he will focus on ensuring close coordination between the FX trading and sales teams.
UBS selected one of its newly acquired Credit Suisse staff to replace its retiring global head of execution services, Brent Johnson, according to an internal memo seen by The TRADE. He began his trading career at UBS in Hong Kong. Livingstone previously served as head of trading – FX and ETFs at Tavistock Investments.
Read more: The TRADE launches EMS Survey for 2024 On the other hand, the highest rated areas for respondents were reliability and availability (6.38) and latency (6.20). Notably, The TRADE’s survey continues to see increasing numbers of responses from fixed income traders year on year. To participate please click here.
Axes have typically been used by traders looking to execute larger or block trades which they are not comfortable executing electronically. Over the years, buy-side use of axes has evolved significantly, with portfoliomanagers increasingly using them as well. appeared first on The TRADE.
Around-the-clock (24/7) trading is something we already see in the foreign exchange markets and the growing cryptocurrency landscape. Some exchanges do offer pre-market and after-hours trading sessions, where limited trading activity occurs outside regular trading hours. Already in EMEA, we have six valid trading days.
Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronictrading following almost six years as managing director at TP ICAP. His experience also encompasses hedge fund related roles, including futures and options trading and work on a fixed income desk.
The levels of trading volumes in European equities are influenced by a complex interplay of various factors like market fragmentation, economic conditions, monetary policy, investor behaviour and market volatility among other things. Where should regulators be focusing their attention to boost volumes in Europe?
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.
He also previously spent 16 years at Instinet as a vice president in sales trading. Prior to this appointment, she spent three years as head of EMEA EFX sales, bank sales, platform sales, custody FX and cross border payments for FIs at Citi, and before that served as head of EMEA electronic FX sales.
Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the risk management practices of prime brokers. Additionally, heightened market uncertainty may lead to increased counterparty risk.
Bloomberg AIM and Bloomberg Vault have been adopted by India-based NJ Asset Management to help enable its enterprise-wide digital strategy across the entire investment workflow. According to the firms, Bloomberg AIM addresses NJ Asset Management’s specific needs for tools to support rule-based investment decision-making.
What has your journey to the trading desk been like? I’ve always worked in the asset management industry, starting my first job at 18 with Scottish Amicable Investment Management in Glasgow. From the banking team at Scot Asset Management, I moved firms in 1999 to take up a role in trade settlements.
Traditional boundaries are blurring as tools such as artificial intelligence, blockchain, and data analytics are disintermediating conventional trading workflows and enabling more efficient engagements. Relationships between the buy- and sell-side are evolving, with roles and responsibilities changing to accommodate new workflow behaviours.
Chicago-based head of US trading at Legal and General Investment Management (LGIM) Ryan Raymond has seen enough economic turmoil during his career to know what to do when markets turn volatile. Specialising in fixed income, specifically credit, Raymond has over two decades of trading experience under his belt.
As trading of these assets has become easier and market conditions are predicted to fall in line, the industry has seen a swathe of new EM-focused hires, increased attention paid to developing markets’ performance, and enhanced offerings from providers. “EM is a mosaic of sub-asset classes rather than a unified universe.
The biggest evolutionary change in fixed income has been the reliance on data as part of the investment and trading decision making process. It’s not just a case of data being used on the trading desk anymore and I think Covid accelerated that. Axes are no longer the preserve of the trading desk at asset managers.
How can artificial intelligence revolutionise how trading teams interact with their data and trading technology solutions? Using AI, traders can request ad-hoc reports with specific visualisation formats, including tables and charts, to assist with pre-trade decision-making.
Several European exchanges are well underway with plans to bring out offerings of this ilk in the next few months The TRADE understands, while a handful of US alternative trading systems (ATS) are also preparing to make the crossing over to the Bloc to replicate the progress they have achieved in the US.
Order and/or execution management systems (OEMS) Kicking off this whistle-stop summary as the number one most impactful innovation in the industry is the order and/or execution management system (OEMS) – the beating heart of trading desks around the world.
Speaking to The TRADE last week, Paul Humphrey, chief executive of BMLL, explained that these recent moves had come in response to client demand for enhanced coverage. The JV – big xyt ecosystems – is set to offer the Trade Explorer data platform, recently launched in South Africa, to financial centres globally.
If we look ahead to capital markets over the next two decades, the future of trading infrastructure will be built on a fabric of interconnected markets with a common data architecture, seamless connectivity throughout the ecosystem of exchanges and participants, minimal latency, and advanced AI-powered tooling.
When it comes to TCA for equity futures trading, how does this differ from other asset classes? 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.
Looking at trading activity on our platform alone, average daily volume in 2024 across Tradeweb Markets was 55.8% Looking at trading activity on our platform alone, average daily volume in 2024 across Tradeweb Markets was 55.8% A good example of this approach is our Trade at Close functionality.
Joining from Jefferies, where he served as head of sales trading, isChristian Fordwhohas been appointeddirector, equities hightouchexecution. His time at LSEG also includes a stint as global head of trading and banking solutions from November 2020 to February 2024. Citi he is set to be a director in the firms corporate solutions group.
Jon Hodges, head of trading and asset services APAC, FIS The capital markets landscape is poised for significant shifts in 2025, driven by evolving investment strategies, regulatory developments, and the push for operational efficiencies.
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