News
(The Full FX)
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.
(efinancial careers)
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.
(Financial Times)
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.
(The Trade)
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.
(CNBC)
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.”
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The Curtain is Raised on the Repo Market
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Everything Investors Know About Hedge Funds Is Based on Flawed Data
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Citadel Securities Is Setting Revenue Records, CEO Zhao Says
(Bloomberg)($)
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Emerging market junk bonds are top performers in sovereign debt markets
(Financial Times)
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Citi’s new rates trading MD comes from a hedge fund
(efinancial careers)
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Race for Europe’s first ‘real-time’ stock trade tape heats up
(Thomson Reuters)
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Substantive Research Survey Reveals Impact of FCA’s Research Payment Optionality
(Substantive Research)
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Tradeweb Markets’ April Trading Volumes Surge Nearly 70%
(Finance Magnates)
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BlackRock Cuts Jobs in Muni Business Under New Leadership
(Bloomberg)($)
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Canada’s triparty repo launch aims to fill C$60bn void
(Waters Technology)($)
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AI And The Municipal Bond Market
(Forbes)
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BofA Hires From Goldman Sachs, Deutsche Bank in Trading Push
(Bloomberg)($)
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Goldman Sachs’ traders made $100m+ on 37% of trading days in the first quarter
(efinancial careers)
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Fireside Friday with… BNY Mellon’s Geoffrey Yu
(The Trade)
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Head of market structure leaves Barclays
(Global Trading)
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Bond market liquidity squeeze keeps regulators alert to risks
(Financial Times)
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Janus Henderson enters European ETF market with Tabula Investment Management buy
(Pensions & Investments)
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Asset managers focusing on enhancing product quality, accuracy – Northern Trust
(Pensions & Investments)
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Tradeweb poaches Daniel Swaby from Trumid
(The Desk)
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FCA seeks new secondary markets advisory committee members
(Global Trading)
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