Bernstein head of electronic trading departs firm
His next role is currently unconfirmed; the news also aligns with a further departure on Bernstein’s electronic desk in Paris, The TRADE can reveal.
News
Beyond the Data: Hedge fund algorithmic usage shifting from optimal to essential
Ahead of The TRADE’s upcoming results of its Algorithmic Trading Survey: Hedge Funds 2026, Natasha Cocksedge reflects on the findings from 2025, analysing how algorithmic trading has cemented its spot at the core of hedge fund execution, and how this trend might continue over the coming year.
Less than a week to go until nominations open for this year’s Rising Stars of Trading and Execution!
The Rising Stars for 2026, in collaboration with Instinet, will be recognised at a standalone awards evening held at One Moorgate Place on 30 September; nominations open 1 June.
Broadridge integrates with CAPIS and Blue Ocean to expand overnight US equity trading access
The collaboration expands the firm’s NYFIX platform and will provide clients with access to extended hours liquidity across more than 4,000 US equities.
Trumid unveils automation solution to support cross-protocol execution for credit markets
The new solution will combine liquidity across multiple Trumid protocols into a single automated workflow within trader-defined limits; “[...] traders will increasingly seek automation that can also operate across multiple liquidity protocols simultaneously rather than within isolated RFQ workflows,” global head of sales tells The TRADE.
State Street IM hires from HKEX for new APAC, Middle East and Africa ETF capital markets head
The move marks a return to the buy-side firm for new hire, who previously spent five years at State Street Investment Management in various senior ETF-related roles.
Qube appoints Squarepoint Capital PM to quantitative trading role
New hire joins the investment manager from 1 June, and also previously served at firms including IMC Trading, Exane and Societe Generale.
ETS Connect UK wins out following FCA bond consolidated tape authorisation
The authorisation marks the culmination of the consolidated tape's regulatory process; Etrading Software was granted a £4.8 million contract by the FCA to deliver the tape back in September 2025.
Bank of America connects to CLS’s CCS service
The integration will allow Bank of America clients to mitigate cross currency swaps-related risks, and is set to support liquidity optimisation and reduce daily funding requirements.
Sign up now for The TRADE’s US Treasury clearing mandate webinar
There’s just over a week to go for The TRADE’s ‘US Treasury clearing - The countdown to compliance’ webinar on 4 June; register now to hear exclusive insights from Janus Henderson Investors, DTCC, State Street and Saphyre.