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Jupiter to acquire CCLA Investment Management in £100 million deal

The TRADE

Jupiter is set to acquire the entirety of asset manager CCLA Investment Management for a consideration of £100 million. The post Jupiter to acquire CCLA Investment Management in £100 million deal appeared first on The TRADE. The deal will be funded entirely from existing balance sheet cash resources.

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People Moves Monday: Morgan Stanley Investment Management, Legal & General Investment Management, Goldman Sachs and more…

The TRADE

BNY Buy-side Trading Solutions Legal & General Investment Management (LGIM) equity and foreign exchange trader Jamie Jones is set to leave the firm to join BNY’s expanding outsourced trading refit, as revealed by The TRADE. BNY declined to comment on his appointment.

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Bloomberg and Clearwater partner to enhance investment management workflows

The TRADE

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 (..)

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LoopFX launches as live FX liquidity network integrated with State Street’s FX Connect

The TRADE

The post LoopFX launches as live FX liquidity network integrated with State Street’s FX Connect appeared first on The TRADE.

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University of Cambridge Investment Management makes first trade in Nasdaq custom basket futures

The TRADE

The first trade in Nasdaq custom basket futures has been made by University of Cambridge Investment Management (UCIM) with a notional value of €80 million. The post University of Cambridge Investment Management makes first trade in Nasdaq custom basket futures appeared first on The TRADE.

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The future role of the trader as product owner

The TRADE

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.

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Sustainable Trading shutters amidst unfavourable ‘political headwinds’

The TRADE

Trading-focused ESG network Sustainable Trading is set to close its doors in the coming months, three and a half years after its launch, The TRADE can reveal. Members voted for closure at its general meeting on 17 July following a recommendation from the board. His next venture is unconfirmed.