SGX FX has unveiled the latest version of its artificial intelligence (AI) tool, giving financial institutions improved access to faster and more informed foreign exchange (FX) trading decisions. Released through its eFX and digital assets trading solutions provider, MaxxTrader, the tool curates FX and digital assets price and trade data before automatically generating actionable insights to a stakeholder – providing quicker and easier decision-making abilities. Large sets of FX data are analysed by the tool, including trades, price streams, user activities, execution quality, market impact, a ..read more

David Wright has been named head of FX trading and distribution at MUFG after three years with the business.  He joined the bank in 2021 as global head of e-FX having and previously served as a strategic transformation consultant at State Street. Prior to that, Tokyo-based Wright spent 16 years at Morgan Stanley, most recently as a managing director. He has also held roles at FXall and UBS, as product manager and associate director, respectively. Last July, MUFG and Morgan Stanley signed a Memorandum of Understanding (MoU) to collaborate on their foreign exchange offerings in a bid to fur ..read more

Dom Lowres, head of execution strategy and Matthew West, electronic sales trader, at Liberum are set to join Investec in the coming months to set up a new low touch electronic desk. The new desk is Investec’s first low touch offering based in London and comes off the back of increased client demand, The TRADE understands. Lowres joins Investec as head of electronic trading and execution strategy after almost 17 years with Liberum. Originally joining the firm in 2007, he also previously served as a pan-European trader and as head of trading. Alongside him, Matthew West joins Investec as a globa ..read more

Following equity research and cash equities specialist AllianceBernstein and derivatives and prime services firm Societe Generale launching its equities and research joint venture in April, The TRADE delves into the new setup and future outlook for ‘Bernstein’. The new JV is set to enable Societe Generale to offer clients a suite of global services across the equities value-chain, ranging from equity and macro research to agency execution, equity derivatives, prime brokerage and equity capital markets offerings. “With high-quality research on over 1,000 stocks, Bernstein is a pure-play provide ..read more

Head of execution strategy and an electronic sales trader at Liberum are set to up sticks to join Investec, The TRADE can reveal. Dom Lowres and Matt West Dom Lowres, head of execution strategy, and Matthew West, electronic sales trader, are set to join the firm in the coming months to set up a new low touch electronic desk. The new desk is Investec’s first low touch offering based in London and comes off the back of increased client demand, The TRADE understands. Liberum declined to comment on the moves. Investec had not responded to a request for comment at the time of publishing. Lowres ..read more

How are skillsets on the desk having to evolve as the market becomes increasingly technological? Firstly, I would say that artificial intelligence and algorithms are taking up more and more space. Therefore, we need to adapt our skills to understand how they function as they evolve. The way we practice our profession is not the same as yesterday and will not be the same as tomorrow; we must be able to adapt alongside progress. This means being able to question ourselves to change our execution methods and stay informed of all progress to avoid being left behind, both for new asset classes and ..read more

The buy-versus-build debate for OEMS platforms was a key discussion at TradeTech, with a panel unanimously agreeing that buying off-the-shelf products, in which certain functionalities can be built on top of that, is the most appropriate approach. Oskar Wantola, Man Group Buying was viewed as a better option if available particularly thanks to the speed in which you can implement in comparison to when building. Various panellists agreed that building should be secondary to buying, and used only if specific needs are to be met.  A similar view was shared by Lynn Challenger, global head o ..read more

With innovation rife across the emerging markets space, it should come as no surprise that plans for further investment are picking up pace. However, despite this, Joe Collery, head of trading at Comgest endorsed a measured approach whilst speaking at TradeTech earlier this week. Joe Collery “There has certainly been developments, particularly in electronic trading in these regions but I would still say perhaps proceed with caution because it can be difficult,” he said.  “[…] There is definitely an appetite for our money to invest in these areas because there is a fantastic growth story ..read more

A key discussion point at TradeTech Europe this week was the ongoing push for a consolidated tape and how this can help improve market structure within Europe. However, panellists noted various areas that need to be addressed to ensure a consolidated tape would be successful.  “Before a tape, we need a drastic cleaning of the data in order to make sure that the tape is simply not a garbage in garbage out exercise,” said Emilie Rieupeyroux, head of market strategy, cash equities and data services at Euronext. “We also need to ensure that we have accurate extensive data helping to distingui ..read more

The creation of private rooms where members can trade bilaterally behind closed doors and the impact this would have on liquidity was a key theme addressed at TradeTech Europe 2024, with panellists discussing whether such methods can be considered fair and equitable. James Baugh, TD Cowen “We’re not talking about multilateral trading opportunities. Therefore, it means that there’s clearly going to be more business taken away from the public markets,” said James Baugh, managing director, head of European market structure at TD Cowen.   “I wouldn’t necessarily say that a private room woul ..read more