UBS makes shock exit from outsourced trading game
One of the largest outsourced trading firms has served its clients a three month notice, just weeks after appointing a new head for the business, The TRADE has learnt.
One of the largest outsourced trading firms has served its clients a three month notice, just weeks after appointing a new head for the business, The TRADE has learnt.
Claudia Preece delves into The TRADE’s 2024 Outsourced Trading Survey findings, which showed an uptick of respondents opting for the fully outsourced model over co-sourcing.
According to a trading update seen by The TRADE, the asset manager is exploring “deepening” its existing strategic relationship with BNY through outsourcing trading outside of the UK.
The TRADE counts down from 10 to eight of the most read news stories on The TRADE over the past year, featuring FIS, Torstone Technology, Citadel, Goldman Sachs Asset Management, and BNY.
The move will consist of outsourcing the firm’s global, emerging market, European and US equity market index funds.
Northern Trust will support Nedgroup Investments with its new fixed income platform through its Integrated Trading Solutions (ITS) offering.
As outsourced trading gains traction, Claudia Preece delves into what factors make for success in the space, pinpointing some of the main elements influencing the future landscape. As ever-larger players continue to make real moves, costs rise, and expectations placed on providers increase, only those with truly effective offerings will reap success as consolidation continues.
The partnership will give Stifel’s institutional client base access to Marex’s multi-asset class custody, financing, securities lending, and capital introduction offerings.
The TRADE sits down with Rebecca Crowe, managing director and chief operating officer at BNY, to analyse how firms are approaching the ongoing outsourcing discussion, including how structural decisions are being made and how future moves in the space could manifest.
Over a third of respondents recognise the value of complementing their current trading processes with outsourced platforms “under limited circumstances”, according to report, up significantly from 2020.