JD Supra: Mergers

APRIL 25, 2024

On April 5, 2024, a federal jury in the Northern District of California found defendant Matthew Panuwat liable for insider trading in the Securities and Exchange Commission’s (“SEC”) first-ever case involving the so-called “shadow trading” theory of insider trading. By: Paul Hastings LLP

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JD Supra: Mergers

APRIL 17, 2024

On April 5, 2024, a jury in California federal court found a former corporate executive liable for insider trading in SEC v. Panuwat, a novel enforcement action involving a theory known as “shadow trading.” In Panuwat, the U.S.

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JD Supra: Mergers

FEBRUARY 27, 2024

In November 2023, in Issue Lines Drawn in SEC Shadow Trading Case, we revisited the case Securities and Exchange Commission v. Panuwat, the SEC’s first enforcement action brought on the theory of “shadow trading.”. By: Patterson Belknap Webb & Tyler LLP

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JD Supra: Mergers

APRIL 16, 2024

The Securities and Exchange Commission obtained a victory in a closely-watched trial when a jury found Matthew Panuwat liable for insider trading based on a “shadow trading” theory.

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The TRADE

JANUARY 4, 2024

Institutional investors, asset managers and hedge funds are invited to rate the service, features and capabilities of their algo providers in The TRADE’s 2024 Algorithmic Trading Survey. We encourage providers of algorithmic trading to support client participation. To participate in the survey, please click here.

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The TRADE

JULY 26, 2024

Euronext has experienced positive earnings in the second quarter of this year, attributed to strong performance of trading and post-trade activities as a result of dynamic trading environments. The trading venue saw Q2 2024 revenue and income increase 12.2% Overall trading revenue grew 20.7% million and €13.9

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JD Supra: Mergers

NOVEMBER 10, 2023

In February 2022, in SEC Shadow Trading Case Breaks Ground, we discussed Securities and Exchange Commission v. Panuwat, the SEC’s first enforcement action brought on the theory of “shadow trading.”. By: Patterson Belknap Webb & Tyler LLP

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The TRADE

JULY 23, 2024

Pan-European trading venue for securities Spectrum Markets has welcomed Baader Bank as a new trading member. Nicky Maan Baader Bank has been trading securities for over four decades, offering its partners and institutional investors access to capital markets through integrated trading platforms.

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The TRADE

OCTOBER 18, 2023

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.

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The TRADE

JUNE 17, 2024

Trading Technologies (TT) has introduced two new offerings to enhance its data and analytics and compliance lines of business, TT Futures TCA and TT Trade Surveillance. Trading Technologies added that it plans to upgrade and shift all TT Score users to TT Trade Surveillance in H2 this year.

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The TRADE

JULY 24, 2024

As we approach the back end of the year at a startling pace, we here at The TRADE thought you might like a run-down of the exciting events set to take place in Q4. Find out more information about Leaders in Trading 2024 here. Leaders in Trading New York is set to take place on 19 November at Chelsea Piers in New York City.

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The TRADE

JULY 23, 2024

Lara Jacobs has been appointed vice president – equities electronic trading coverage at JP Morgan following six years with Liquidnet. She most recently served as head of international client trading, EMEA. The post JP Morgan taps Liquidnet for VP, equities e-trading coverage appeared first on The TRADE.

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CNBC: Investing

JULY 17, 2024

At the end of the first quarter, the famed investor revealed a big bet on small caps, which have since turned out to be the hottest trade of the summer.

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The TRADE

JUNE 25, 2024

Credit network and multi-asset prime broker Hidden Road has signed a new deal with Trading Technologies (TT) that will allow it to distribute TT’s multi-asset trading platform to its clients. The post Hidden Road to distribute Trading Technologies multi-asset trading platform appeared first on The TRADE.

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The TRADE

MARCH 15, 2024

The Vienna Stock Exchange has welcomed Jump Trading Europe as a new international trading member. The addition of Jump Trading brings the total of members connected to the Viennese trading venue to 70, including 21 Austrian and 49 international banks and securities firms.

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The TRADE

NOVEMBER 3, 2023

Almost two thirds (63%) of buy-side equity market participants believe outsourced desks would result in improved execution quality and trade performance when trading across regions, according to new research from Coalition Greenwich. This figure was up markedly from similar research in 2020, which had the result at 5%.

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Global Banking & Finance

SEPTEMBER 21, 2023

How to start trading forex Introduction to forex trading What is forex trading? It’s a decentralized marketplace where participants can trade one currency for another. Forex, short for foreign exchange, is the world’s largest financial market where currencies are bought and sold.

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CNBC: Investing

JULY 23, 2024

Roughly six months after spot bitcoin exchange traded funds debuted, spot ether ETFs are about to get their moment in the sun.

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The TRADE

JULY 18, 2024

SpectrAxe and OSTTRA have partnered on an end-to-end service aimed at streamlining FX options trading through automation of the entire process. Patrick Philpott, product design lead, FX and securities at OSTTRA, said: “Automating the post-trade workflow is crucial for enhancing operational efficiency and reducing risk.

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The TRADE

MAY 15, 2024

OTC Markets has set out plans to launch a new overnight US dollar trading offering in the coming months in a bid to expand accessibility to the over-the-counter markets. Overnight trading takes place after market close and prior to the next day’s market open.

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The TRADE

JANUARY 8, 2024

Chris Matsko, head of foreign exchange trading services at FactSet, said: “This announcement showcases FactSet’s dedication to enhancing our products by working with innovative solutions that provide the best possible outcomes to our valued clients.” The post FactSet FX trading platform to integrate LoopFX appeared first on The TRADE.

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The TRADE

FEBRUARY 27, 2024

Fintech giant FIS has acquired SaaS post-trade platform Torstone Technology, according to multiple sources close to the matter. Some of its major recent mandates include a 10-year agreement to provide post-trade technology to BNP Paribas and $1.5

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The TRADE

FEBRUARY 12, 2024

Trading Technologies has moved to expand into clearing technologies with the acquisition of listed derivatives post-trade solutions provider ATEO SAS. The deal builds on an existing strategic partnership announced by the pair in late 2022 and is designed to deliver a post-trade allocation service to the sell-side.

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The TRADE

NOVEMBER 22, 2023

Stratos Group – a wholly owned subsidiary of Jefferies – has today unveiled its new multi-asset trading platform, Tradu, set to launch in December. The platform combines deep market access, technology, institutional-level pricing and a high level of trading expertise.

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The TRADE

APRIL 4, 2024

Euronext’s dealer to client trading platform MTS BondVision has secured the contract to supply the European Central Bank (ECB) with electronic trading platforms for euro-denominated bonds. The post Euronext MTS to facilitate European Central Bank’s euro-denominated bonds electronic trading platforms appeared first on The TRADE.

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The TRADE

DECEMBER 14, 2023

UK-based investment management firm Waverton has outsourced a portion of its trading to Northern Trust Integrated Trading Solutions (ITS). Northern Trust is supporting the trading of equities, derivatives and fixed income assets as Waverton’s sole provider of trading services. “We Waverton has £9.1 Waverton has £9.1

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The TRADE

MARCH 7, 2024

BlackRock has appointed Nick Craze head of the EMEA equity trading desk following the promotion of Paul Battams to head of international equity trading, The TRADE can reveal. The post BlackRock hires from within for new head of EMEA equity trading appeared first on The TRADE.

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The TRADE

JULY 19, 2024

There is no impact to securities trading on the London Stock Exchange. Several trading venues are also experiencing issues, The TRADE understands, with notices having been sent to members and some telephone lines affected.

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The TRADE

JUNE 12, 2024

As part of the move, ION’s Fidessa trading platform is now certified for cash equities trading on BSE. After completing the audit process, BSE has since certified Fidessa as compliant with all relevant exchange rules and regulatory standards, allowing exchange members to use the platform for equities trading on BSE.

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The TRADE

MAY 28, 2024

Commerzbank has moved to simplify and streamline its cross-asset trading with a migration onto Murex’s MX.3 The bank has migrated its foreign exchange, commodities, derivatives, and equities onto the platform in a bid to simplify risk and trading. 3 platform.

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The TRADE

JULY 16, 2024

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.

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The TRADE

JULY 23, 2024

Quod Financial is set to use market data from QuantHouse to refine its AI-driven trading algorithms to optimise trading strategies and improve trade execution. Speaking to The TRADE, Rob Kirby, head of EMEA sales and business development at QuantHouse, explains: “Quod are a great partner of ours and have been for a number of years.

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The TRADE

JULY 15, 2024

Dom Lowres has joined Investec as head of electronic trading and execution, following almost 17 years at Liberum. Most recently, he served as head of execution strategy, which followed an eight-year stint as head of trading. Elsewhere in his tenure, Lowres held a pan European trading position.

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The TRADE

JUNE 7, 2024

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.

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The TRADE

JULY 10, 2024

Interactive Brokers is set to provide HSBC with a new trading solution aimed at providing comprehensive, single platform to trade assets in the UAE. Clients can trade via both a mobile app or online platform, with additional markets expected to be added.

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The TRADE

JULY 2, 2024

Capital.com has entered a partnership with analytical tools provider TradingView to help enable better informed trading. This not only gives our clients added convenience and a seamless user experience but also helps them save precious time when they are in the middle of a trade.”

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The TRADE

JULY 17, 2024

Clear Street has entered to a definitive agreement to acquire Instinet’s Fox River algorithmic trading business in a bid to enhance its equity trading capabilities for the buy- and sell-side. Read more: Instinet completes acquisition of FIS algo trading business “This transaction provides clear benefits to both firms.

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