News
(Bloomberg)($)
The allegedly secret trading strategy over which Jane Street Group is suing two former traders and Millennium Management involves options trading in India, lawyers inadvertently revealed at a court hearing. Jane Street, which sued Millennium as well as former employees Douglas Schadewald and Daniel Spottiswood last week, had sought to close the Friday hearing before US District Judge Paul Engelmayer in Manhattan. The judge denied that request but urged the parties to avoid mentioning any trade secrets.
(Waters Technology)($)
Chris Edmonds and Jeffrey Sprecher first met in the late ‘90s. Sprecher’s Intercontinental Exchange, or ICE, was in its infancy, aiming to provide a network for over-the-counter energy commodity trading. Edmonds was working his way up the corporate ladder in the energy trading business, where he had started in 1997 as an OTC natural gas broker at ICAP. In essence, the two were competitors.
(The Trade)
In late 2023, The TRADE and Optiver partnered on the buy-side European cash equity trading survey, uncovering key trends in the space through original research, delving into: market structure, real time transaction cost analysis (TCA), buy-side broker relationships, data costs, consolidated tape plans and more.
(The Trade)
With the topic of data becoming increasingly central to market developments, The TRADE sat down with Marion Leslie, head of financial information at SIX, to unpack the role of data in how trading strategies are evolving, how the buy-side is preparing for a data-driven future, and the regulatory considerations at the fore of the industry’s attention.
(The Desk)
Automation has historically been highly challenging in corporate bond markets for several reasons, but traders say some parts of the workflow ‘ought’ to be automated by now within buy-side firms.
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BNY Mellon deploys Nvidia DGX SuperPOD, identifies hundreds of AI use cases
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State Street exploring acquisition of SocGen’s custody arm, reports say
(Financial News)($)
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Welcome to the dark side
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The former JPMorgan MDs becoming product executives in fintech
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SimCorp taps BlackRock for new head of Americas
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Citadel Securities technology head resurfaces after 2 years at HFT firm
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ON THE MOVE: BIDS Trading Hires Brian Hickey; Alex Grinfeld Joins Liquidnet
(Traders Magazine)
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ESMA: EMIR data quality ‘evolving positively’
(Best Execution)
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Systematic tools gain favor in fixed income
(Waters Technology)($)
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No changes to CLSSettlement ahead of T+1
(Best Execution)
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‘Very careful thought’: T+1 will introduce costs, complexities for ETF traders
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Hidden Road ready for rush hour after FCM approval
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Why ‘Tokenizing’ Assets Is Turning Banks On to Crypto
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