The TRADE

SEPTEMBER 27, 2023

Brian Steele has been appointed president of clearing and securities services at the Depositary Trust and Clearing Corporation (DTCC), set to leverage his two decades of experience in clearance, settlement and middle office operations. The post DTCC names new president of clearing and securities services appeared first on The TRADE.

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The TRADE

JUNE 20, 2023

Futures industry technology provider FIA Tech has enhanced its Trade Data Network (TDN) to support the operational resiliency demands of clearing firms utilising the platform. The initiative is made up of 16 banks or brokers, as well as 40 investment managers and hedge funds with combined assets under management of more than $37 trillion.

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The TRADE

SEPTEMBER 19, 2023

The D epository Trust & Clearing Corporation (DTCC) has revealed that 350 Investment managers are now leveraging CTM’s automated trade affirmation capabilities to accelerate the post-trade lifecycle, as firms prepare for the US move to T+1 trade settlement.

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The TRADE

OCTOBER 27, 2023

Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Innovation in Fixed Income. The electronic trading platform enables participants to address challenges associated with accessing liquidity and executing efficiently.

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The TRADE

NOVEMBER 6, 2023

The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2023. The winner will be decided by a live industry vote at The TRADE’s Leaders in Trading gala awards night on 8 November. Congratulations to this year’s shortlisted nominees!

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The TRADE

NOVEMBER 22, 2023

“Our new investment analytics service enables users to perform advanced investment performance analytics on the fly, with calculations delivered in just a few seconds.” SimCorp’s front-to-back investment management platform offers performance measurement and attribution across all asset classes, including alternatives.

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The TRADE

JULY 18, 2023

Bank of America has reported a strong second quarter and first half of the year overall, despite its global wealth and investment management total revenue decreasing 4% to $5.2 The bank also highlighted that lower than average transactional volumes had contributed to lower asset management and brokerage fees.

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The TRADE

DECEMBER 4, 2023

AXA Investment Managers (AXA IM) has completed its first market transaction using stablecoins issued by Societe Generale – FORGE as part of a new joint experiment. The green bond provides access to the reporting on carbon footprint impact of the security issuance chain infrastructure.

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The TRADE

FEBRUARY 14, 2024

Goldman Sachs has achieved improvements in enhancing trade settlement efficiency through the use of Depository Trust and Clearing Corporation (DTCC)’s Central Trade Matching (CTM)’s Match to Instruct (M2i) workflow. The post Goldman Sachs boosts settlement efficiency with DTCC’s CTM workflow appeared first on The TRADE.

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The TRADE

DECEMBER 21, 2023

This realisation became one of the catalysts which has sparked more of an acceptance of outsourcing parts of the trading desk among buy-side firms, something which many once considered – though some still do – an unthinkable concept. And soon, it may no longer be just a service that applies to smaller fund managers.

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The TRADE

JANUARY 22, 2024

Ameni joined Nomura from Jefferies, where he held senior leadership positions, most recently serving as managing director for emerging markets (EM) credit trading. Before that, Ameni was a member of Nomura’s EM credit trading desk in London, until 2016.

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The TRADE

OCTOBER 16, 2023

The US Securities and Exchange Commission (SEC) has adopted a new rule to bolster transparency to market participants through increased public availability of short sale related data. The post SEC adopts new short selling rule to bolster transparency for market participants appeared first on The TRADE.

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The TRADE

FEBRUARY 6, 2024

Tigress Financial Partners is set to offer a co-branded version of the Intercontinental Exchange (ICE) TMC bond platform, an anonymous, all-to-all alternative trading system (ATS) operated by ICE Bonds, to its clients. The post Tigress Financial Partners to offer ICE TMC bond platform to clients appeared first on The TRADE.

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The TRADE

JANUARY 8, 2024

Industry stalwart Dan Hinxman joined Bloomberg as head of European credit electronic trading 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.

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The TRADE

JUNE 20, 2023

Bloomberg has introduced a white label solution for US treasuries, allowing a wide range of broker dealers to provide liquidity for trades initiated on its platform as part of its D&I dealer initiative. The offering – which has been expanded to include US treasuries – is used by investment managers and bond dealers as a pool of liquidity.

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The TRADE

JUNE 19, 2023

The Securities and Exchange Commission (SEC) has charged Pacific Investment Management Company (PIMCO) $9 million for disclosure, policies and procedures violations involving two funds the firm advises on. The post PIMCO charged by the SEC for swaps disclosure and procedures failures appeared first on The TRADE.

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The TRADE

NOVEMBER 20, 2023

Hong Kong-based Marwat previously worked at Credit Suisse, focused on AES, algorithmic, and direct market access (DMA) trading, before joining Balyasny Asset Management in 2021 as a trader. His experience also includes a stint as quantitative investment strategist at ING Investment Management.

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The TRADE

JUNE 19, 2023

BlackRock promoted Dean Catton to take the helm for its European credit business after spending the last two years as its head of European leveraged finance trading for its alternatives business. Previously in his career, he spent several years in credit trading roles at StormHarbour Securities, UBS and Elgin Capital.

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Peak Frameworks

AUGUST 24, 2023

There are different types of brokerages, each offering varying levels of service: Full-service brokerages provide a range of services including investment advice, research, and retirement planning, such as Merrill Lynch. They primarily focus on executing trades, like E*TRADE. In the U.S.,

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The TRADE

JULY 4, 2023

Data can be accessed from Bloomberg’s Trade Order Management System (TOMS), Bloomberg’s Asset and Investment Manager (AIM), as well as third-party order management systems. Elsewhere, HSBC Securities and Scotia Capital were charged $15 million and $7.5

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Accenture Capital Markets

SEPTEMBER 5, 2023

Players are also investing in a range of solutions, like data lakes, to generate new data-driven insights that are relevant to the core business, such as using artificial intelligence (AI) to manage foreign exchange based on macroeconomic data and country sentiment intelligence. A strong push to refocus on investment management.

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The TRADE

JULY 18, 2023

Assets under management in Morgan Stanley’s investment management division rose to $1.4 Wealth management also reported record net revenues of $6.7 The growth supported the bank through another flat investment banking quarter seen across the street. billion, up from $1.35 alongside positive net flows.

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The TRADE

AUGUST 14, 2023

Zaman brings more than 20 years’ experience to the role, having worked in a range of senior positions at various global organisations, including AXA Investment Managers, EY, and PwC. Most recently, he served as head of strategic initiatives and innovation at Investec Wealth & Investments.

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TechCrunch: M&A

AUGUST 18, 2023

In 2021, Boxed completed a reverse merger, acquiring Seven Oaks Acquisition in a $900 million SPAC deal in order to begin trading on the NYSE under the ticker symbol BOXD. But it’s clear Boxed struggled to make the economics of online grocery work, and it wasn’t alone.

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The TRADE

JULY 18, 2023

M&G’s global asset management arm has secured a Securities Investment Consulting Enterprise (SICE) business license in Taiwan, allowing the firm to establish a new office in Taipei as part of its Asia expansion strategy.

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The TRADE

JANUARY 3, 2024

The service provider landscape for outsourced trading is made up of an eclectic mix of firms. Trading is in their DNA and their executives are often straight-to-the-point in their communication. Trading is in their DNA and their executives are often straight-to-the-point in their communication.

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The TRADE

JULY 3, 2023

The Securities and Exchange Commission (SEC) has allowed its no-action letter to the Securities Industry and Financial Markets Association (SIFMA), based on enforcements surrounding research services, to expire – reinforcing that it was not intended to be permanent solution.

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The TRADE

JULY 10, 2023

Other recommendations from Kent include allowing greater access to investment research for retail investors, involving academic institutions in supporting investment research initiatives and reviewing the rules relating to investment research in the context of IPOs.

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Cooley M&A

JANUARY 23, 2024

Reverse mergers remain a fixture 2023 opened the door for reverse merger transactions to underperforming small and midsized public life sciences companies that were trading below their initial public offering price and, often, below the value of their cash on hand.

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Cooley M&A

JANUARY 20, 2022

Tech M&A managed a record-breaking year, despite a significant shift in global regulators’ views of the antitrust landscape and consumer sentiment about the market power of large tech companies. SPAC IPO activity cooled off significantly in Q2 (64), but picked up slightly in Q3 (88) and more substantially in Q4 (163). [2]

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