INDUSTRY VIEWPOINTS
From the floor at FIX: Debbie Kaye introduces the new global FIX hub from Iress
At FIX EMEA we were delighted to sit down with Iress' new head of...
From the floor at FIX: Themes in electronic equity trading with BMO’s Mike Green
Mike Green of BMO sits down with editor Laurie McAughtry to discuss the team's...
‘Change starts with education’ – Glenmede Investment Management’s Melissa Hinmon
As part of our Diversity on the Desk series, we spoke to Melissa Hinmon,...
‘Being different is a powerful thing’ – JP Morgan Asset Management’s Ako Nishi
As part of our Diversity on the Desk series, we spoke to Ako Nishi,...
Webinar: The burden of the buyside
The burden of the buy-side - and what you can do about it...
The regulatory...
European Women in Finance 2023 – WINNER
Rising Star Award winner, Tania Bachmann, Vice President, Asset Allocation, PIMCO
How are you seeing...
From the floor at FIX: Richard Worrell of LSEG discusses his new role
In his first interview since moving from Janus Henderson to the London Stock Exchange Group (LSEG), Richard Worrell talks exclusively to Laurie McAughtry at BEST EXECUTION about what his new role entails, what his clients are saying, and what he is looking to achieve in the coming year.
©Markets Media...
NEWS IN BRIEF
NEWS
Market fragmentation hindering European listed options market growth
News
Lucy Carter - 0
In a recent Acuiti report, a fifth of market participants expect to see a contraction in European listed equity derivatives over the next five...
NAPFM, MFA, and AIMA sue SEC to vacate dealer rule
The National Association of Private Fund Managers (NAPFM), MFA, and the Alternative Investment Management Association (AIMA) have filed a lawsuit asking the US District...
Head of SIX Swiss Exchange to leave after 15 years
Christian Reuss, the head of SIX Swiss Exchange, is to depart the firm, BEST EXECUTION can reveal - with his role temporarily taken over...
GCEX releases margin trading platform
News
Lucy Carter - 0
FX and digital asset digital brokerage GCEX has launched margin trading platform XplorTrader, part of its XplorDigital trading solutions offering.
XplorTrader is designed to meet...
BREAKING: Nasdaq hit by three hour matching engine issue in latest market outage
UK
Lucy Carter - 0
Nasdaq faced a system outage for almost three hours this morning, beginning at 4:55 AM ET (8.55 AM BST). Systems are now operating normally....
Head of data science departs Jupiter Asset Management
The firm's head of data science and data engineering has decided not to return from parental leave, BEST EXECUTION can confirm.
Sam Livingstone joined Jupiter...
TRADING
EFAMA warns of FX settlement risk with US T+1 shift
Research from EFAMA has found that the upcoming US move to T+1 will increase settlement risk for an estimated 40% of daily FX flows.
EFAMA’s report notes that a “significant part” of trading takes place on market close—4pm EST. Once an asset manager has confirmed the trade and is ready...
From the floor at FIX: Richard Worrell of LSEG discusses his new role
In his first interview since moving from Janus Henderson to the London Stock Exchange Group (LSEG), Richard Worrell talks exclusively to Laurie McAughtry at BEST EXECUTION about what his new role entails, what his clients are saying, and what he is looking to achieve in the coming year.
©Markets Media...
Asia buy-side firms are demanding more from their tech as derivatives boom
With derivatives trading in the APAC region reaching 103.5 billion contracts in 2023 and accounting for three quarters of the global tally, Asian firms’ OMS demands are evolving. BEST EXECUTION talks to Sterling Trading Tech (STT), newly launched in APAC, about how the latest trends are impacting buy-side technology...
Broadridge launches new futures and options trading platform
Broadridge has launched a new global futures and options software-as-a-service (SaaS) platform, expanding its existing derivatives trading capabilities. A top three Futures Commission Merchant (FCM) has signed as an anchor client.
The platform delivers new functionalities for global institutions operating in the futures and options agency execution business, offering a...
Automation can improve equity performance by over a third, finds Bloomberg
A study from Bloomberg has noted increased performance and reduced trading costs for equity trading desks using its multi-asset automated trading solution, Rule Builder (RBLD). BEST EXECUTION spoke to Ravi Sawhney, global head of trading automation and execution analytics, to learn more.
Stating that “the impact of automation on trade...
CQG announces AI predictive model toolkit for futures trading
Technology solutions provider CQG has completed internal testing and proof-of-concept for its new AI predictive model toolkit, designed to predict futures market moves.
With the product, which the company believes to be the first of its kind, CQG aims to improve retail traders’ and buy-side firms’ ability to identify trading...
ESG has many moving parts, and our aim is to separate the hype from the reality and paint a clearer picture of the evolving industry and the right tools and solutions firms need to respond.
Elevated risk due to misalignment of bank financing
The majority of banks making euro area loans are substantially misaligned with the goals of the Paris Agreement according to research from the European...
Only a fifth of ManCos comply with PAI statement disclosures
Only 21.6% of European investment management firms have issued a publicly accessible Principal Adverse Impact (PAI) statement, according to the report - Principal Adverse...
Asset managers still falling short on ESG promises
Only eight global asset managers out of 97 have met Morningstar’s highest environment, social and governance (ESG) commitment level rating in its latest analysis.
The Morningstar...
AXA IM appoints Thomas Coudert as head of sustainability, Core Investments
AXA Investment Managers (AXA IM) have appointed Thomas Coudert as head of sustainability, core investments, with responsibility for overseeing sustainability across the core investment...
PROFILES
Playing the game
Co-head of global execution strategy at Fidelity Investments, Ashley Banfield, tells Laurie McAughtry about...
Boxing Clever… with Jupiter Asset Management
It’s not always about packing the biggest punch… sometimes it’s picking the right battle...
RESEARCH
Canada sees surge in demand for electronic execution
A new report from Coalition Greenwich has found that electronic trading platforms captured nearly a third of overall Canadian equity trading volume in 2023, up from 26% the previous year…and with that share expected to increase to 38% by 2026.
The growing demand for electronic execution is being driven...
White paper reveals ‘aggressive’ Market Data pricing
The vast majority of firms renegotiating market data supply agreements in 2023 saw price rises, with “significant” cost pressures being felt on both the buy and sell side.
A white paper from Substantive Research, outlining its latest findings on wholesale market data pricing, found that several major vendors’ prices rose...
The new normal: Top 2024 market structure trends
A new report from Coalition Greenwich outlines the trends set to define markets in 2024, with insights gleaned from clients and ongoing research.
Dan Connell, Kevin McPartland, Audrey Blater, Stephen Bruel, David Easthope, Jesse Forster and Brad Tingley, who all advise on market structure and technology globally, set forth the...
Broker research pricing is “wildly inconsistent” for the buy-side – where next for rebundling?
A new survey from Substantive Research shows that some buy-side firms are paying almost three times more than their peers for identical levels of service and access from the same providers. Could the new proposed regulatory freedoms from HM Treasury return us to “the bad old days” of over-supply...
Via a combination of interviews and in-depth articles, we aim to spotlight the challenges faced by successful women in financial services, and with our annual awards programme provide recognition that we hope will encourage greater diversity in the workplace.
European Women in Finance 2023 – WINNER
Rising Star Award winner, Tania Bachmann, Vice President, Asset Allocation, PIMCO
How are you seeing diversity impact the industry?
Firms across the industry are embracing diversity...
European Women in Finance 2023 – WINNER
Winner of our Individual Achievement Award, Eleni Sifakis, Account Manager, Head of France & Eastern Mediterranean, PIMCO
How are you seeing diversity impact the industry?
In...
European Women in Finance 2023 – WINNER
Winner of our Trailblazer Award, Mangala Ananthanarayanan, MD & Head of Business Management for EMEA & APAC, PIMCO
How are you seeing diversity impact the...
European Women in Finance 2023 – WINNER
Winner of our Individual Achievement Award, Elodie Cany, Global Head of Regulatory Technology Strategy, Tradeweb
How are you seeing diversity impact the industry?
Companies that prioritise hiring...