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 past week saw appointments across trading, fixed income, equities, sales and capital markets.
Individual has previously served at: Stifel, ITG Virtu, and Pi-Finance.
Individual has previously served at: Pershing EMEA, Instinet, Tullett Prebon, ABN AMRO Bank and BNY.
The integration of BNY’s two buy-side platforms is set to allow users to centralise their collateral and financing activities.
“The new indicators are designed to provide transparency into unexpected market moves and show how markets have acted historically, helping to determine the potential vulnerabilities around shock events,” explained BNY.
The winner of the Industry Person of the Year Award 2024 will be decided by a live industry vote that will take place at Leaders in Trading on 7 November.
The move is aimed at facilitating more efficient trading for EU-based clients across both fixed income and equity markets globally.
As outsourced trading gains traction, Claudia Preece delves into what factors make for success in the space, pinpointing some of the main elements influencing the future landscape. As ever-larger players continue to make real moves, costs rise, and expectations placed on providers increase, only those with truly effective offerings will reap success as consolidation continues.