The TRADE announces Leaders in Trading New York 2025 award winners

Over 150 industry leaders gathered at Chelsea Piers in New York last night to celebrate their achievements throughout the year. 

The TRADE is excited to announce the winners of the Leaders in Trading New York Awards, with recipients honoured at a ceremony held at Chelsea Piers, New York last night.  

Returning for a second year, more than 150 industry participants joined The TRADE to recognise and celebrate this year’s leading individuals and firms within the industry, with awards spanning the buy-side, sell-side, service providers, technology firms and venues.  

This year, the highly coveted Trader of the Year award went to Michael Roberts of Columbia Threadneedle, while Susan Joyce from AllianceBernstein was recognised as Buy-Side Market Structure Expert of the Year. 

The Buy-Side awards also saw Legal & General Investment Management taking home Trading Desk of the Year, as well as BlackRock picking up the award for Fixed Income Trading Desk of the Year.  

This year, our prestigious Lifetime Achievement award went to T. Rowe Price’s head of fixed income trading, Dwayne Middleton, in recognition of his outstanding contributions and service to the industry over a career spanning three decades.  

The night also included the Innovation Awards, running for the first year this year, to celebrate those in the industry working hard to advance the markets and fuel change. Across categories spanning trading technology, algorithmic trading and alternative trading system innovation, LSEG, Rothschild & Co Redburn and TMX AlphaX US took home these awards.  

Elsewhere, we also hosted our highly competitive Editor’s Choice categories, spanning 11 awards, this year’s winners were judged by The TRADE’s editorial panel as worthy given their achievements over the past year.  

Cboe, MarketAxess and MIAX all took home Outstanding Trading Venue awards, while XTX Markets was recognised as Proprietary Trading Firm of the Year.  

BMLL was crowned Outstanding Market Data Services Provider, marking a second win for the firm following our London awards at the beginning of November. Additionally, Trading Technologies was handed the TCA Provider of the Year award, while DTCC received the award for Outstanding Post-Trade Services Provider.  

Within the Algorithmic Trading and Execution Management Systems (EMS) categories, which are based on The TRADE’s annual surveys results, Virtu Triton took home various awards – namely Best Market Acces and Best Provider – North America. Elsewhere, UBS received the award for Best Trading Performance.  

Our Outsourced Trading Awards were also based off our annual survey, and saw firms spanning StoneX, JonesTrading, Northern Trust, Marex and Cantor Fitzgerald being recognised for their contributions in this field. Within this section, PennHaven was also named as One to Watch.  

The night also celebrated the Rising Stars of Trading and Execution North America, recognising up-and coming talent on the buy-side, and last night, our winners consisted of:  

Audrey Moore, equity trader, Columbia Threadneedle  

Michael Persaud, junior equity trader, Mackenzie Investments 

Tyler Roldan, senior trader, Corbets Capital  

Noah Simandl, trading analytics associate, Harris Associates  

Nicholas Mazurek, trader Hudson River Trading  

Congratulations to all of this year’s winner and we look forward to welcoming you again next year! 

Algorithmic Trading: 

Best Trading Performance 

UBS 

Best Price Improvement Capabilities 

Instinet 

Best Customer Support and Consulting 

Virtu Financial 

Best Dark Pool Capabilities 

Jefferies 

Best Provider – Large Clients 

UBS 

Best Provider – Multi-User Clients 

RBC Capital Markets 

Best Provider – Hedge Funds 

Morgan Stanley 

Best Provider – Hedge Funds 

J.P. Morgan 

Best Provider  

Berenberg 

EMS: 

Best Market Access 

 

Virtu Triton 

Best Platform Reliability 

FlexTrade 

Best Product Adaptability 

SS&C Eze 

Best Multi-Asset Capabilities 

LSEG TORA 

Best Client Service – Large Clients 

Instinet Newport 

Best Provider – Hedge Funds 

Neovest 

Best Provider – North America 

Virtu Triton 

Outsourced Trading: 

Best Provider – Coverage 

StoneX 

Best Provider – Execution 

JonesTrading 

Best Provider – Operations and Post-Trade 

Northern Trust 

Best Provider – Client Service and Relationship Management 

Marex Outsourced Trading 

Best Provider – Global 

Cantor Fitzgerald 

One to Watch  

PennHaven 

Editor’s Choice: 

Outstanding Equities Trading Venue 



Cboe
 

Outstanding Fixed Income Trading Venue 

MarketAxess 

Outstanding Futures and Options Trading Venue 

MIAX 

Alternative Trading System of the Year 

OneChronos 

Outstanding Post-Trade Services Provider 

DTCC 

TCA Provider of the Year 

Trading Technologies 

Outstanding Market Data Services Provider 

BMLL 

Outstanding Innovation in Fixed Income 

Trumid 

FinTech of the Year 

Saphyre 

Sell-Side Market Structure Excellence 

Jessica D’Alton, UBS 

Proprietary Trading Firm of the Year 

XTX Markets 

Innovation:  

Innovation in Trading Technology 



LSEG
 

Innovation in Algorithmic Trading 

Rothschild & Co Redburn 

Alternative Trading System Innovation 

TMX AlphaX US 

Rising Stars:  

 

Audrey Moore, Columbia Threadneedle 

 

Michael Persaud, Mackenzie Investments 

 

Tyler Roldan, Corbets Capital  

 

Noah Simandl, Harris Associates 

 

Nicholas Mazurek, Hudson River Trading 

Buy-Side:  

Trader of the Year 



Michael Roberts, Columbia Threadneedle
 

Trading Desk of the Year 

Legal & General Investment Management 

Fixed Income Trading Desk of the Year 

BlackRock 

Buy-Side Market Structure Expert of the Year 

Susan Joyce, AllianceBernstein 

Lifetime Achievement  

Dwayne Middleton 

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