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Investec Bank is set to launch a new electronictrading platform aimed at facilitating low-touch equity trading, The TRADE can reveal. Investecs market expertise spans the UK and South Africa, and trades in 64 markets from these two regions.
Redburn Atlantic’s head of electronictrading has left the firm to join UK investment bank Peel Hunt, The TRADE can reveal. He replaces Nishad Vallonthaiel as head of electronictrading. He replaces Nishad Vallonthaiel as head of electronictrading. A spokesperson for Peel Hunt confirmed the move.
BlackRock’s head of electronictrading and market structure for EMEA, Daniel Mayston, has left the asset management giant, The TRADE can reveal. The TRADE understands it is outside of trading. His responsibilities will be transferred to other members of the global trading team at BlackRock, The TRADE understands.
Euronext’s dealer to client trading platform MTS BondVision has secured the contract to supply the European Central Bank (ECB) with electronictrading platforms for euro-denominated bonds. MTS BondVision covers rates, credit and repo.
Bloomberg has appointed Colin Williams in an electronictrading and analytics solutions role. The post Bloomberg taps BNY Mellon for new electronictrading and analytics solutions hire appeared first on The TRADE. Previously, Williams served as an investment account manager at Northern Trust.
Liquidnet has expanded its fixed income electronictrading capabilities with the integration of AI-based credit research from bondIT. Our members will have seamless access to a wide range of credit data giving them an extra edge ahead of making their trading decisions.”
Tradeweb has expanded its offering for corporate treasurers, through the launch of direct US Treasury bill (T-bill) trading on its ICD Portal. The move will allow T-bill trading to be available through a direct connection between the firm’s ICD Portal and its institutional trading platform.
Single-stock trading and program trading in US equities are becoming increasingly interlinked, as advances in algorithmic trading blur the lines between the two. Between workflow innovation and good old-fashion inflation, the definition of program trading itself is now in flux. constituents.
SIX Swiss Exchange has tapped a former Berenberg senior electronic trader to replace departing head of equity sales for UK and Ireland, Jennfier Hlad, when she departs in the coming months, The TRADE can reveal. Prior to joining Berenberg, she spent two years with Goldman Sachs as an electronic trader in its securities division.
With electronic equities trading continuing to rise, a notable proportion of US low-touch desk expect to expand their teams over the next 12-18 months, a new report from Coalition Greenwich has found. Almost 40% of respondents emphasised a strong interest in more innovative trading venues, with another 53% showing some interest.
BTIG has made two key appointments including promoting Troy Donohue to head of Americas portfolio trading and hiring Henri Taylor as director within electronictrading sales. Elsewhere, Taylor brings over 20 years’ experience in electronictrading sales to the firm.
As the UK capital market seeks to modernise, collaboration between the buy- and sell-side as they adopt the relevant trading technology is paramount, according to a recent report by the IA.
Jonathan Tse has been appointed managing director, EMEA head of electronictrading quant analytics, platform and product at UBS, as he moves over from Credit Suisse. The post Credit Suisse electronictrading expert transfers to UBS appeared first on The TRADE.
How has the trading landscape evolved over the past 30 years? Trading desks have got smaller over the years, while volumes have gone up. Trading desks have got smaller over the years, while volumes have gone up. Another manifestation is that trading has become more widespread geographically.
Broadridge has named Kenneth MacHarg as its new managing director, global head of futures and options trading, effective 23 June. The move will see MacHarg leading Broadridge’s futures and options (F&O) platform as part of a push to enhance the solution’s leadership.
Peel Hunts head of electronic and program trading Nishad Vallonthaiel is departing for pastures new, The TRADE can reveal. Vallonthaiel was appointed head of electronic and program trading at Peel Hunt in 2023 after most recently serving at Numis Securities. Vallonthaiel could not be reached for comment.
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.
BMO Capital Markets has appointed Harj Bagria within its electronictrading 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.
Wells Fargo has appointed Jon Thorne as senior securities sales trading specialist, The TRADE can reveal. Jonathan Tse was appointed managing director, EMEA head of electronictrading quant analytics, platform and product at UBS last month, following a move over from Credit Suisse.
LIST, an ION company, has completed the certification process to connect its FastTrade electronictrading system to the Luxembourg Stock Exchange (LuxSE). All existing functionalities, namely: trading, execution, and liquidity provision, are made available automatically to clients wanting to access LuxSE.
CME Group is set to combine its two non-deliverable forward (NDF) liquidity pools on the EBS Market platform onto a single trading venue in October next year, subject to regulatory approval. ” EBS Market was the first venue to provide electronic NDF trading on a central limit order book in 2007. .
The Central Bank of Kenya has launched Bloomberg’s Electronic Matching System (EMS), BMatch, for interbank trading in the local foreign exchange market. These orders are displayed and subsequently matched with counterparty orders “based on mutual trading limits and other parameters configured by each bank”.
BMO Capital Markets managing director and co-head of electronictrading has left the bank, The TRADE can reveal. After 10 years as co-founder of Clearpool and MD at BMO, I have decided to take some time away from electronictrading. It has been an amazing journey,” said Wald in an update.
Tradeweb has won the bid to supply electronictrading platforms (ETP) to the European Central Bank for the next four years. We are grateful for the opportunity to provide trading services and solutions to the European Central Bank for another term,” said Tradeweb Markets chief executive Billy Hult. “We
Tradeweb Markets and LSEG’s FTSE Russel have entered a strategic partnership to develop enhanced fixed income index pricing and index trading products. 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.
What is the current state of play in Peru when it comes to market data and electronic pricing? Foreign banks with well-established electronic platforms have been able to provide liquidity in spot and forward instruments. As is the case with other currencies in the region, the currency only trades within a fixed period of time.
Virtu Financial and Deutsche Börse Group’s FX trading platform, 360T, have formed a new partnership, set to provide clients with an integrated FX trading analytics and TCA offering. As Virtu extends its offering to the 360T client base, users will be able to leverage the trading analytics in a fully integrated manner. “At
Morgan Stanley has appointed Pankaj Dhake as a new electronic sales trader, based in Mumbai. Dhake joins Morgan Stanley from CLSA, where he spent nearly seven years, most recently as an electronic sales trader. The post Morgan Stanley taps CLSA for new electronic sales trader appeared first on The TRADE.
Redburn Atlantic’s global execution teams have undergone a redraft with the addition of four new individuals alongside three departures, The TRADE can reveal. In the US, Finn Maloney has joined Redburn Atlantic’s US execution team to help with the ongoing build out of its US electronic offering.
Citi has named a new head of electronic equity sales trading for the EMEA region, The TRADE can reveal. He joined the bank as a permanent fixture in 2016 as a graduate analyst in its markets division, later moving into equity sales trading in 2018.
Trading volumes executed electronically by equity investors increased last year, accelerating the evolution of the US stock trading business into an increasingly complex, technologically driven market structure. There is one important exception: higher commission payers are expanding their lists to an average of 44.1,
A new report from Coalition Greenwich found that buy-side comments with respect to MDPs reflect that the ability to access dealer quotes while keeping them in competition, helps optimise trading. The growing use of MDPs from the buy-side is driving electronictrading overall and supports their growing focus on best execution.
US investment bank Stifel has appointed Sarrah Chaker as a sales trader covering US markets to European clients, The TRADE can reveal. In her new position, Chaker will be based out of Paris, where she will report to Seema Arora, Stifel’s managing director and head of execution services for EMEA.
Last week Liquidnet posted record numbers for electronic new issue trading across volume, average trade size and participants, as institutional adoption demonstrably surges. Elsewhere, Liquidnet posted a surge in the number of active weekly users, with new issues trading participation the highest ever recorded.
Octaura Holdings has integrated list and request for quote (RFQ) protocols to its existing syndicated loan trading platform. Octaura stated that dealers benefit from increased trade flow with their axes highlighted to the buy-side, alongside additional pricing colour. For more information, visit our event page.
Electronictrading platforms captured almost a third (32%) of overall Canadian equity trading volume in 2023, with this share expected to rise in the next three years, a new report by Coalition Greenwich has found. As a result, electronic and/or algorithmic trading has seen usage increase.
The evolution of the FX swaps market is at an important turning point, with many participants looking to electronify and optimise what has traditionally been traded on an RFQ or RFS basis, as well as demanding much greater price transparency. As As the FX swaps market grows, we expect to see regional banks trade more FX swaps.
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.
Market participants need global data-driven content to enhance their own products and gain deeper understanding of market shifts and liquidity dynamics, and to identify opportunities for better trading outcomes. You will also continue to see a push to modernise the loan market, whether through digitised loan data or electronictrading.
Liquidity management service provider OptimX Markets has partnered with BMO Capital Markets to bring the firm’s institutional algorithmic trading flow to institutional buy-side trading desks in European markets. BMO will now offer a range of trading opportunities tailored to their institutional client base through OptimX.
Morgan Stanley has appointed a new head of electronic FX sales for the EMEA region, The TRADE can reveal. Ubhi originally joined Citi in 2016 as a vice president in electronic FX sales, later taking on his most recent role as director in the same division in 2019. Morgan Stanley declined to comment.
Patric Okumi, Samuel Lowres Okumi joins Liquidnet multi-asset services team from TP ICAP Group, where he spent the last 11 years in broking and trading-related roles. He was also part of TP ICAPs equity trading desk before building out the single stock equity and ETF RFQ offering on Fusion, the firms electronic platform.
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%
How did the plan come together for an around-the-clock equities trading platform? At the time, the New York Stock Exchange or NASDAQ didn’t really have any plan to address after hours trading, so that was the gap. Add to that, the fact that stock trading is of course very regulated.
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