Finger of blame is being pointed in each direction between custodians, non-US traders and settlement system CLS over FX cut-offs, with last minute decisions and confusion meaning some asset managers are now left facing operational challenges, pre-funding trades and balancing settlement security with best execution obligations.
New offering addresses dilution levy guidance for the buy-side by providing a quantitative view of the application of dilution charges.
Catriona Lawlor, FX trader at Baillie Gifford, tells The TRADE how T+1 will affect FX market dynamics, liquidity and best execution.
With the US confirming its shift to T+1 settlement in 2024, Wesley Bray looks at the impact this will have globally, whether or not the UK and EU should follow suit and how trading desks will be impacted by the move.
Regulatory reform, payment for order flow, market transparency, UK/EU divergence and of course consolidated tape are the hot topics of 2023, according to our market experts.
The investment manager said the technology enables it to “proactively resolve unmatched trades before they fail”.
Edinburgh-based Baillie Gifford has registered as a private securities manager in China to invest in more Chinese companies and launch funds for Chinese investors.
Initial responses to the MiFID II review consultation reveal that asset managers are keen for a consolidated tape before any major changes to the rules are implemented.
Baillie Gifford has established a new office in Frankfurt, making it the first client office in mainland Europe for the UK asset manager.
Baillie Gifford has chosen software specialist corfinancial to help automate its post-trade processing and settlement.