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The first trade in Nasdaq custom basket futures has been made by University of Cambridge InvestmentManagement (UCIM) with a notional value of €80 million. The post University of Cambridge InvestmentManagement makes first trade in Nasdaq custom basket futures appeared first on The TRADE.
UK-based investmentmanagement firm Waverton has outsourced a portion of its trading to Northern Trust Integrated Trading Solutions (ITS). The deal follows a review by the investmentmanager of its operating model intended to help it better align its structure with plans for product expansion in the future.
Morgan Stanley sales trading specialist Tracey O’Shea has left the bank to join buy-side firm MFS InvestmentManagement, The TRADE can reveal. She joins MFS InvestmentManagement’s European equities trading team, operating under director of international trading, Jennifer Blanchette.
Mark Molloy has joined Morgan Stanley InvestmentManagement as a macro trader within the broad markets fixed income team, based in London. He is set to report to Alexander Bouzalis, managing director, and Justin Sham, head of European credit trading. Molloy initially joined as head of corporate actions seven years prior.
Specifically, the offering is expected to eliminate challenges of manual processes and data inconsistencies, and clients will also have access to functionalities including turnkey managed integration, enhanced OTC management, integrated cash management and consistent position and trade data exchanges. The firms have said that the new solution meets (..)
Jupiter is set to acquire the entirety of asset manager CCLA InvestmentManagement for a consideration of £100 million. The post Jupiter to acquire CCLA InvestmentManagement in £100 million deal appeared first on The TRADE. The deal will be funded entirely from existing balance sheet cash resources.
Russell Beer has been appointed as a trader covering fixed income emerging markets at MFS InvestmentManagement. London-based Beer brings extensive industry experience to his new role, and was named one of The TRADE’s Rising Stars of Trading and Execution in 2015.
Max Wildenberg has joined quantitative and systematic investmentmanager, Qube Research & Technologies. The post Aquis Exchange executive director joins investmentmanager Qube appeared first on The TRADE. His new role covers business development, European equities and futures.
Our partnership with Aladdin represents a pivotal evolution for Saphyre, building on our already extensive network of top-tier investmentmanagers and financial institutions, said Ray Shivers, COO of Saphyre. The post BlackRock to streamline Aladdin operations through Saphyre tie-up appeared first on The TRADE.
For the first time, The TRADE is announcing the 2023 Rising Stars of Trading and Execution ahead of the gala awards ceremony, Leaders in Trading on 8 November. The shortlisted candidates will be handed their award during the Rising Stars of Trading and Execution awards ceremony, taking place as part of Leaders in Trading.
Munenori Yoshihara, BBH The development sees Resona become the first Japanese investmentmanager to implement the FX solution. The solution provides support for FX orders across multi-custodian accounts and covers both freely traded markets and select restricted markets.
Vicky Mok has joined investmentmanagement firm Millennium as a fixed income trader. Millennium declined to comment. The post Millennium selects hedge fund sales specialist for fixed income trading role appeared first on The TRADE. She confirmed her appointment in a social media announcement.
BlackRock equity trading vice president Zachary Goodwin has left the firm to join investmentmanagement firm CPP Investments, The TRADE can reveal. According to an update on his social media, Goodwin joins CPP Investments based in Toronto, Canada after seven years with BlackRock.
Liontrust Asset Management’strading for investment funds and institutional accounts has been officially outsourced to BNY. John Ions Liontrust announced that it was exploring outsourcing parts of its trading to BNY back in January, with initial plans at the time stated to be covering non-UK activity.
Clearwater Analytics is set to launch a new generative artificial intelligence solution aimed at improving the way institutional clients analyse investment data and respond to changing market dynamics. The solution applies to all asset classes and its use cases will vary depending on varying client types, Clearwater confirmed.
The TRADE is delighted to reveal the shortlisted nominees for this year’s coveted Buy-Side Awards, in partnership with SIX Swiss Exchange. This year’s categories have been updated slightly, and for the first time the Buy-Side Awards will celebrate a Hedge Fund Trading Desk of the Year alongside the Long Only category.
UK-based asset manager Artemis has selected Northern Trust to provide outsourced trading services for its equities and derivatives activity, effective January 2025. Northern Trust will support all trading activity for Artemis’ equity funds under management and all related over-the-counter and exchange-traded derivatives.
Legal & General InvestmentManagement (LGIM) has promoted one of its own to the role of head of US equity and foreign exchange trading, The TRADE can reveal. Gregory Corrigan has been selected to take up the reins for US equity and FX trading after eight years at LGIM.
Jim Kaye, Executive Director at the FIX Trading Community Next year will be the year of preparation. One of the key challenges facing firms is the need for faster and more accurate trade matching. Under the current T+2 cycle, discrepancies in trade details can often be resolved with minimal impact.
We need to take a step back and look at today’s trading desk. By dissecting a trading desk into its functions, processes, and tasks, it becomes clear that 80% or more can be successfully automated with today’s technology – and that figure is just for the front-office, potentially even higher in the middle- and back-office.
Fidelity Investments has appointed Sarah Lambert senior trader, based in Boston. Lambert joins Fidelity from MFS InvestmentManagement where she spent the last five years, most recently serving as investment officer, fixed income trader. Before joining MFS, she spent seven and a half years at BNY Mellon (now BNY).
Virtu Financial has collaborated with cloud-native investmentmanagement solution provider, Limina to enhance buy-side workflows. The post Virtu Financial partners with Limina to enhance buy-side workflows appeared first on The TRADE.
Singapore-based investmentmanager New Silk Road has outsourced its trading to Northern Trust as it seeks to fortify its offering as T+1 looms. We look forward to continuing to build our relationship with New Silk Road to enhance their global trading needs.”
Investors searching for income can find some bargains in dividend stocks, according to Ben Kirby, co-head of investments at Thornburg InvestmentManagement.
He has now joined Morgan Stanley InvestmentManagement as a macro trader. He served as a managing director at the firm, based out of New York. The hires also include Hillary Budds, who has been appointed as head of US crossing.
Triodos InvestmentManagement has selected Bloomberg’s AIM and PORT Enterprise solutions in a bid to support its front-office workflows. Through the adoptions, Triodos is set to benefit from enhanced pre-trade compliance and data consistency across its consolidated front-office processes.
Manulife InvestmentManagement is set to acquire multi-sector alternative credit manager CQS for an undisclosed sum with the deal set to close in early 2024. Following close, Manulife is set to align the CQS brand with its own as a co-branded logo – Manulife | CQS InvestmentManagement.
As part of a major scheme from the Monetary Authority of Singapore (MAS) to develop the region as a global FX trading hub, several large banks over the last few years agreed to develop FX pricing and trading engines in Singapore, in partnership with MAS. This year, the industry has seen interest in Singapore grow from the buy-side too.
Investmentmanager Franklin Templeton has become the latest buy-sider to integrate BlackRock’s flagship order management platform, Aladdin. Aladdin supports the entire investmentmanagement process across asset classes. The post Franklin Templeton taps BlackRock’s Aladdin for OMS appeared first on The TRADE.
Legal & General InvestmentManagement (LGIM) equity and foreign exchange trader Jamie Jones is set to leave the firm to join BNY’s expanding outsourced trading refit, The TRADE can reveal. BNY declined to comment on his appointment. Jones has been with LGIM for almost three years, based in London.
RBC BlueBay Asset Management equity trader, Michael Tamou, has left the asset manager to join Qube Research & Technologies (QRT), The TRADE can reveal. He originally joined the asset manager as an investment operations analyst in 2020. It is a great feeling to be recognised by my peers across the industry.”
MetLife InvestmentManagement (MIM) has reached a definitive agreement to acquire three investment teams and assets managed by Mesirow, an independent financial services firm. Nearly $6 billion of assets managed by the acquired team will transfer to MIM, under the terms of the transaction.
The TRADE is delighted to announce the Rising Stars of Trading and Execution for 2024, in collaboration with Instinet – a celebration of up and coming talent on the buy-side. Previously recognised individuals have gone on to head up some of the largest and most successful desks across leading asset managers and hedge funds.
BNP Paribas has entered into a definitive agreement to acquire 100% of AXA InvestmentManagers – representing around €850 million in assets under management – for just over €5 billion. The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets.
Head of Europe for UK-based asset manager Federated Hermes, James Rutherford, has stepped down from his role to pursue a technology venture, The TRADE can reveal. He departs following a 35-year long career in investmentmanagement, spending 19 years at Fidelity Investments as a European portfolio manager until 2006.
Martin Hendry, deputy head of trading, Liontrust Asset Management As we peer into the crystal ball for 2024 trading, a notable shift is anticipated with the adoption of T+1 settlement for US equity transactions. This transition is poised to reshape the pace and efficiency of equity trading, promoting quicker settlement cycles.
Alex Livingstone, formerly head of trading for ETFs and FX at Titan Asset Management has joined Titan Investment Solutions as a junior portfolio manager and trader, according to an announcement on social media. Livingstone has previously served as head of trading – FX and ETFs at Tavistock Investments.
Natasha Cazenave, ESMA’s executive director, said: “With today’s decision, we are taking a decisive step towards setting up consolidated tapes in the EU.
As part of the integration, OptimX is now a certified sweep partner on Charles Rivers investmentmanagement system (IMS) meaning Charles River institutional clients can now access OptimX liquidity via their desktops.
BNY Mellon has launched a new foreign exchange (FX) platform, meeting client demands to manage execution across their entire portfolio and access improved price transparency. Named Universal FX, the platform supports BNY Mellon clients across all market segments, including investmentmanagers, corporates, hedge funds and wealth managers.
Exegy, ING and Optiver have become the latest organisations to join non-profit organisation Sustainable Trading, which is dedicated to transforming environmental, social and governance (ESG) practices in the global markets landscape.
Singapore-headquartered fund manager APS Asset Management has adopted order and investmentmanagement technology solution, Bloomberg AIM, to automate its post-trade workflows. The post Bloomberg AIM adopted by APS Asset Management to automate post-trade workflows appeared first on The TRADE.
The TRADE is delighted to announce the shortlists for the Leaders in Trading 2024 Buy-Side Awards, in partnership with SIX Swiss Exchange. The winners of each category will be revealed at The TRADE’s annual Leaders in Trading glittering awards night at The Savoy in London on 7 November. The wait is over.
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