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The shift to T+1 settlement in North American markets at the end of this month, with the ensuing knock-on-effect in FX markets, has widely been seen as a boost for the custodian bank, as they are able to manage the entire lifecycle of a fund’s operations – this view has been reinforced by news that Asian investment manager New Silk Road Investment, has selected Northern Trust’s Integrated Trading Solutions (ITS) service for outsource trading.

Shawn Cain is an analyst focused on the consumer sector with Citadel Global Equities. He joined the firm in 2022 and is based in Miami. Before Citadel, Shawn worked in finance in both Ohio and New York. This is what a typical day in his life is like.

Investors pulled in their horns in April as diminishing prospects for near-term US interest rate cuts drove a broad aversion to risk, global data on exchange traded fund flows indicate. However, there were still signs of animal spirits in some corners of the global market with solid demand for some cyclical assets, such as European and Japanese equities and emerging market debt.

Broadridge Financial Solutions’ LTX has integrated with electronic fixed income trading connectivity and integration provider, Multilynq, as it seeks to accelerate trading connectivity to the LTX platform. Jim Kwiatkowski, chief executive of LTX, explained: “Most dealers and asset managers are challenged prioritising their scarce technical resources to complete multiple critical technical projects.

Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in New York City, his foundation announced on its website. Pioneering mathematical models and algorithms to make investment decisions, Simons left behind an otherworldly track record at Renaissance Technologies, that bested legends such as Warren Buffett and George Soros. Its flagship Medallion Fund enjoyed annual returns of 66% during a period starting in 2018, according to Gregory Zuckerman’s book “The Man Who Solved the Market.”