“The ability to combine market-on-close execution with rule-based automation is a significant step forward for the JGB markets,” said Yudhveer Chaudhry, head of EM, FX, commodities and digital assets at BlackRock.
Promotion marks an extension of an ongoing five-year tenure at the market maker; previous experience includes positions at Quantlab Group and Deloitte.
The past week saw hires across the buy- and sell-side, spanning a Dublin-based equity sales role to a quantitative fixed income appointment in Amsterdam, as well as a senior cross-asset trading promotion.
The cash-settled OTC derivative allows clients to take long or short crypto exposure without holding the underlying assets.
The agreement also includes a minority investment into the equity research platform from Citadel Securities.
Move sees the firm promote from within as it bolsters its fixed income trading capabilities.
Recommendations cover DeFi access, token classification and supervisory powers, alongside changes to disclosure and authorisation requirements.
Register for The TRADE’s ‘T+1 in Europe: Are asset managers ready for the shock?’ webinar which will see experts examine preparedness among small-to-medium sized buy-side firms.
It has been confirmed that the combined $400 billion private markets business will be organised by asset class; Schroders will run as a separate business for 12-18 months.
The offering will allow clients to connect Nasdaq Calypso agents with their own proprietary AI infrastructure and is expected to support the scaling of institutional AI adoption across the industry.