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.
Prior to joining Fidelity in 2018, Whyman served stints at BlackRock, ABN AMRO and Bear Stearns in various fixed income trading roles.
The TRADE sits down with Jason Xavier, head of EMEA and Asia ETF capital markets at Franklin Templeton Investments, to unpack the current state of play across the exchange traded fund landscape, including how the trading of ETF’s has evolved, differing activity between the US and the UK, and the key market structure changes to keep an eye on.
Futures trading has long been overshadowed by equity markets in algorithmic innovation with early execution strategies often failing to address the unique nature of futures markets. However, post-crisis disruptors have transformed the landscape, and intelligent automation represents unbounded potential for traders, writes Mike du Plessis, global head of listed derivatives at Liquidnet.
New offering is set to enhance Thailand’s capital markets through streamlining the stock exchange, further democratising access to market data, facilitating equity issuance, and preserving market integrity.
Specifically, the collaboration combines BMLL’s historical data with Exegy’s real-time OPRA data.
Nasdaq to launch 24-hour trading for US equities
The exchange aligns with Cboe Global Markets and the New York Stock Exchange, who have also announced plans to extend trading hours for US equities on their respective platforms.
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Simon McQuoid-Mason, head of equity product and quant research at exchanges, SIX, shares insights on the start of the year, key challenges facing the industry and how SIX is tackling liquidity fragmentation to support trading participants with services like SwissAtMid and SpainAtMid, Auction Volume Discovery (AVD) or Quote on Demand (QOD).
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CME Group and Google Cloud are focused on facilitating “significant efficiencies” as the industry hones in on round-the-clock trading; direct testing with market participants is planned for later this year.
McLoughlin has been with Liontrust for almost 10 years, most recently as its chief commercial officer; the asset manager has opted to outsource its trading following his departure.
Incoming individual had been with the broker for more than three decades, heading up the firm’s Americas trading offering.
With the addition of Euronext Clearing, Baton’s CCP coverage now includes 96% of initial margin worldwide (as per Public Quantitative Disclosures).
The past week saw a head of trading appointment as well as FX and equities trading-related additions.
The return comes two years after Dominic Eccles initially departed, as revealed by The TRADE at the time.
Individual has previously worked at: Merian Global Investors, Old Mutual Global Investors, Goldman Sachs, ITG, and the UK's Financial Conduct Authority (FCA).
The TRADE sits down with Serge Marston, head of EMEA at CME Group, to discuss how liquidity dynamics are evolving across the derivatives space, how best to manage risk and the key developments allowing for improved efficiency in this landscape.
Appointment has spent over six years at Seilern, initially joining as an equity trader.
Cash consideration values the entire issued and to be issued ordinary share capital of TISE at an estimated £70.4 million.