People Moves Roundup: CIBC Capital Markets, Eurex and BBVA
The past week has seen various moves across exchanges and the sell-side, spanning a new global head of low touch execution, as well as multi-asset sales and EUR swap trading positions.
Sell-Side
Cboe Canadian equities head to lead global low touch execution at CIBC
New hire brings more than 20 years of industry experience to his new role, and has also previously served at firms including TriAct Canada Marketplace and Bank of America Merrill Lynch.
Broadridge launches unified risk and liquidity optimisation platform
New solution brings execution, risk and liquidity management into a single environment aimed at improving capital efficiency across the sell-side.
Clear Street secures Mifid II license for Netherlands expansion
The authorisation – granted by the Netherlands Authority for the Financial Markets (AFM) – complements the firm’s ongoing expansion in Europe, and existing UK operations.
Stifel managing director joins Makor Group as a global multi-asset sales trader
New hire will be based out of Dubai, and has also previously served in trading-related and senior positions at firms including Mirabaud Group, HSBC and Natixis.
Kepler Cheuvreux hires from UBS in high touch sales trading push
Paris-based hire is the fourth high touch sales trader to join the firm this year; she previously served at UBS as a cross asset execution trader.
ING appoints former Barclays director to lead EMEA emerging markets credit trading
New hire is set to support the bank’s buildout of its credit trading offering in this region; has also previously served at firms including BNP Paribas and Goldman Sachs.
Kepler Cheuvreux continues KCx hiring spree with Berenberg electronic sales trader hire
New appointment is set to strengthen and scale the firm’s low touch offering, Kepler Cheuvreux global head of execution services and trading tells The TRADE; hire joins from Berenberg where he spent more than six years in various electronic trading positions.
Prediction markets: Are we betting on the wrong horse?
As prediction markets continue to garner significant traction across everything from sports to politics, the concept is now entering the radar of institutional trading. Natasha Cocksedge explores the up-and-coming sector to question whether it is truly about ‘buying into the future’ and where the line between trading and gambling is drawn.
Marex unveils new private markets desk
As part of the launch, the firm has brought in two ex-Argentex Group hires to lead dealing and portfolio solutions on the desk; move comes amid “greater complexity around foreign exchange and interest rate risk throughout the investment lifecycle,” Marex tells The TRADE.