US leveraged loan trading revenue rebounded in 2023 despite rising interest rates
Revenues totalled $900 million in 2023, up 16% and 29% from 2021 and 2022 respectively.
Revenues totalled $900 million in 2023, up 16% and 29% from 2021 and 2022 respectively.
The TRADE sits down with Scott Ferguson, lead analyst, FX and cash management at T. Rowe Price, to explore the current state of play in the restricted currency sphere including buy- and sell-side led innovation and efficiency, the shifting market backdrop, and the need for increased TCA and transparency.
Integration will offer improved pre-trade transparency, price discovery and better access to aggregated liquidity.
DTCC encourages market participants to “ramp up their preparations and testing” and encourages continued collaboration between investment managers and their custodians.
The past week saw appointments across the C-suite, trading, equities, flow rates and institutional sales.
New appointment previously held similar roles for both EMEA and the Americas at Barclays and Goldman Sachs.
Incoming individual spent the last 13 years at UBS, where he held global portfolio trading and APAC cash equities roles.
The TRADE sits down with Ravi Sawhney, global head of trading automation and analytics at Bloomberg, to discuss evolving buy-side priorities for transaction cost analysis (TCA), how it can lead to better execution outcomes and what’s next on the horizon for TCA.
Most concerns from market participants mirror those seen with the US shift to T+1, with additional worries surrounding exchange trading hours and post-trade windows, fragmentation of the region and increasing penalties.
Net revenue at the exchange rose 13% to £22.7 million in 2023; changes to proprietary trading saw an increase in market share to 5.46%.