INDUSTRY VIEWPOINTS

‘Pay it forward’ – Virtu’s Melissa Ellis

As part of our Diversity on the Desk series, we spoke to Melissa Ellis,...

Fink harder – BlackRock investor letter urges importance of secondary markets

The founder and CEO of BlackRock, the word's biggest asset manager, has called the...

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,...

How to make a success of a consolidated tape? It’s all about the money

The long-awaited consolidated tape for Europe is finally on track—or so it seems. But with the latest iteration a far cry from initial plans, just who is the tape actually going to help—and perhaps the biggest question of all, how will it make money? We talk to the key players...

NEWS IN BRIEF

NEWS

When, not if: ‘UK should move to T+1’

The UK should commit to move to a T+1 settlement cycle. That is according to the UK’s Accelerated Settlement Taskforce, which recommends setting up...

EU brings clarity to interim MiFIR data and reporting obligations

The European Commission has published a draft notice on the transitional provisions of the Markets in Financial Instruments Regulation (MiFIR) review. Designed to bring clarity...

SEC issues T+1 risk alert 

The US Securities and Exchange Commission (SEC) has issued a Risk Alert, imploring market participants to ensure they are ready for the transition to...

Pakistan teeters on FTSE Equity Index reclassification

Egypt, Pakistan and Vietnam have maintained their positions on the FTSE Equity Country Classification Watch List, with all three under review for potential reclassification. The...

AIM delisting: Catalyst for private markets growth?

Drug discovery firm C4X Discovery Holdings is set to de-list from London Stock Exchange sub-market AIM and to re-register as a private company before...

‘We still have a long way to go’ – Baillie Gifford’s Catriona Lawlor

As part of our Diversity on the Desk series, we spoke to Catriona Lawlor, multi-asset trader at Baillie Gifford in New York, about how...

TRADING

Regulatory Round-up March

In this instalment of our Regulatory Round-up, we see associations in the US band together to challenge the SEC, Japan conduct a successful trading analysis data proof of concept, and the Australian Securities Exchange outline its clearing and settlement system replacement. Elsewhere, Europe is consulting on green bonds and...

EMIR 3.0: When the national interest prevails over the European interest

Dr. Apostolos Thomadakis, head of research at the European Capital Markets Institute (ECMI), speaks exclusively to BEST EXECUTION on the tension between the EU and its member states when it comes to derivatives clearing - why he does not believe the revised regulation will fulfil the regulator's ambitions, and...

Brazilian market to use Cboe Global Markets’ VIX Index methodology

S&P Dow Jones Indices (S&P DJI) and the Brazil exchange, B3, have launched an implied volatility index to monitor Brazil’s domestic market. The S&P/B3 Ibovespa VIX index measures near-term volatility implied by the Bovespa Index (Ibovespa), the main performance indicator of B3 traded stocks. It provides a 30-day view...

Intraday surge expected as FOMC meets to decide rate policy

The Federal Open Market Committee (FOMC) meeting today is expected to stimulate a surge in trading activity, leading to a significant shift in intraday trading patterns. Are your algos ready to handle the jump?  The FOMC meets eight times a year to discuss adjustments to monetary policy. In this week's...

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...
Sustainability

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

The fastest man at Man

Tushara Fernando is a man on a mission – to move his team from...

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...
Women in Finance

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...