BTIG adds former UBS outsourced trading head to bolster EMEA team
Individual left UBS earlier this year following the unexpected decision to shutter its outsourced business in March 2025, as revealed by The TRADE at the time.
Individual left UBS earlier this year following the unexpected decision to shutter its outsourced business in March 2025, as revealed by The TRADE at the time.
Decision to switch focus to internal servicing marks the second retrenchment from a bank in the outsourced trading space this year.
The move follows UBS’ shock departure from offering outsourced trading in March this year.
Individual has been re-hired by Tourmaline Partners after four years; outsourced provider is looking to leverage his experience across both the buy- and sell-side.
One of the largest outsourced trading firms has served its clients a three month notice, just weeks after appointing a new head for the business, The TRADE has learnt.
Claudia Preece delves into The TRADE’s 2024 Outsourced Trading Survey findings, which showed an uptick of respondents opting for the fully outsourced model over co-sourcing.
According to a trading update seen by The TRADE, the asset manager is exploring “deepening” its existing strategic relationship with BNY through outsourcing trading outside of the UK.
The TRADE counts down from 10 to eight of the most read news stories on The TRADE over the past year, featuring FIS, Torstone Technology, Citadel, Goldman Sachs Asset Management, and BNY.
The move will consist of outsourcing the firm’s global, emerging market, European and US equity market index funds.
Northern Trust will support Nedgroup Investments with its new fixed income platform through its Integrated Trading Solutions (ITS) offering.