And so it begins, the final countdown from one to three of The TRADE’s most read stories in 2024. Firstly, happy Christmas for those of you that celebrate it. We hope you’ve had a restful few days.
Algorithmic trading has evolved into a central pillar of trading. Each year brings with it new developments aimed at innovating the low touch space and further transforming the way that traders execute. It’s a lot to keep up with.
It is therefore no surprise that coming in at number three in our most read pieces this year is a deep dive into the world of algorithmic trading conducted by TRADE reporter Wesley Bray at the start of this year.
In the dynamic realm of the financial markets, the introduction of technology has proven to be a catalyst for transformative change, overhauling existing trading strategies. Among the wide range of advancements, algorithmic trading has revolutionised how financial instruments are bought and sold.
As markets become increasingly complex and interconnected, the need for speed, precision, and automation has become paramount. From the early days when algorithms were basic rule-based systems executing predefined strategies, to the present era of machine learning and artificial intelligence-driven models, the evolution of algorithmic trading is central to the adaptability of financial markets.
Give it a read if you haven’t already. She’s a beauty!
2. JP Morgan appoints new global co-heads of sales and researchComing in at number two – I’m getting a bit hot under the collar, aren’t you? – is a people move at JP Morgan. As a household name in the world of finance it was hard for this one not to find itself in the top three for 2024.
As revealed by The TRADE in March, JP Morgan named Scott Hamilton and Claudia Jury co-heads of sales and research, replacing Marc Badrichani. According to an internal memo seen by The TRADE at the time, they will have global responsibility for sales and research.
Hamilton was most recently global head of macro sales and FICC e-Sales, while Jury had been head of investor client management and platform sales since 2019.
During his 20 year tenure, Hamilton has held various senior roles within the firm’s sales organisation, focused on rates, currencies and emerging markets, repo, futures and options, and commodities.
Jury has more than 25 years of trading experience, including having previously served as co-head of JP Morgan’s currencies and emerging markets business. Her key focus includes the electronification of the firm’s trading capabilities and the development of the digital agenda within sales.
The appointments followed that of Jennifer Piepszak and Troy Rohrbaugh as co-chief executives of JP Morgan’s commercial and investment bank.
Speaking in the company-wide memo in March, Piepszak and Rohrbaugh, said: “We would once again like to thank Marc Badrichani for his leadership, expertise, friendship and humour over the years. His vision has been instrumental in shaping the top sales and research team on the street, and his deep commitment to developing and retaining talent ensures we have an incredibly strong team in place for the future.”
1. Credit Suisse VP latest to join start-up hedge fund Jain as traderSo here we are. We’ve reached the end. At number one for The TRADE’s most read stories with a whopping 20,000 pageviews was news in June that start-up hedge fund Jain Global had appointed a former Credit Suisse vice president and electronic sales trader to join its ranks on the trading desk ahead of its launch.
Emily Facchina Fluet joined Jain as a trader working in London under head of EMEA trading, Jeremy Wyatt. She took up her new role after serving at Credit Suisse for the last five and a half years, originally joining the bank in 2018 as an analyst.
She later worked her way through the ranks in various electronic sales trading roles, landing her most recent vice president role covering advanced execution services (AES), algorithmic and direct market access (DMA) trading for the Asia Pacific markets in January last year. Fluet parted ways with Credit Suisse in November 2023.
Fluet’s appointment came amongst a flurry of Jain Global-related announcements as it bulked out its numbers from all corners of the industry ahead of its launch. The start-up hedge fund is the product of former Credit Suisse and Millennium Management veteran Bobby Jain.
Fluet was later nominated and recognised as one of The TRADE’s 25 Rising Stars of Trading and Execution for 2024. In celebration of ten years of the Rising Stars initiative and 20 years of The TRADE, our team, in partnership with Instinet, hosted a standalone event at Plaisterer’s Hall to recognise this year’s cohort.
So there we have it, that concludes our roundup series of our most read stories for the year to date. It’s been a record-breaking year for The TRADE, hitting five million views for the first time in our history, and we can’t wait to see what 2025 has in store for us.
It goes without saying that all this couldn’t be made possible without our readers’ support and so on behalf of the editorial team, thank you. We look forward to continuing to write for you for many more years to come.