We’ve said it before and we’ll say it again – we’re good at people moves. So, with two big names like Citi and Citadel in the title, it was going to be hard for this one not to get your attention.
Coming in at number seven in The TRADE’s most read stories for 2024 was news that Vincent Hall had joined Citi as an equity trader following two years at Citadel where he served in the same role.
He returned to Citi after four years in September, having previously worked at the firm as associate vice president in emerging markets equity trading. Elsewhere in his career, Hall has also worked at BlackRock as an associate.
Read more: Fireside Friday with… Citi’s Chris Gooch
Earlier this year, Citi appointed Jamie Miller as new head of electronic equity sales trading for the EMEA region, as revealed by The TRADE. Miller has been with the firm eight and a half years as an employee of the bank, specialising in equity sales trading.
6. The 20 biggest mergers and acquisitions of the last two decades
Now you may have noticed that this year is The TRADE’s twentieth birthday – if not then there is a strong chance you have been living under a rock because we’ve made a really big fuss over it.
As part of our year-long celebrations, The TRADE’s editorial team took it upon themselves to deep dive into our beloved industry, producing top 20 lists that explore all corners of the markets.
Among these in depth pieces and coming in at number seven this year in our most read stories is a roundup of the top 20 merger and acquisition stories from across market structure and the trading world. We pride ourselves in being a reference point for our industry with 20 years of content behind us, and these lists summarise everything you need to know in one place.
In this exquisitely detailed piece, TRADE senior reporter Claudia Preece delves into the minutiae of these landmark deals and unpacks their significant and lasting impact on the market.
There are simply too many deals to include in this roundup but if you haven’t read it yet then use the link included above. We’d recommend you make yourself a cup of something first as she’s a biggie.
5. Millennium taps UBS for new senior trader appointment
Coming in at number five and adding to the spattering of people moves included in these most read roundups was news that Millennium had appointed You Khai Tan as senior trader, based in Singapore.
As revealed by The TRADE in March, Tan joined Millennium from UBS, where he had spent the last 13 years, based in Hong Kong and Singapore.
Most recently, Tan held a global portfolio trading position, which included trading global equities with strategy implementation via algorithms, crossing networks and global portfolio trading desks.
Prior to that, Tan held a global markets, APAC cash equities position based in Singapore.
Elsewhere in his career, Tan served at Maybank Investment Banking Group in an equity sales trading role.
He announced his appointment in a social media post, adding: “I’m grateful for this opportunity to broaden my horizons and am thankful to the wonderful individuals and mentors in my professional life.”
4. Open outcry: A renaissance?While writing up the biggest moves from across the industry brings with it a certain degree of joy, nothing matches recognition received for a longer form piece of work that explores a corner of the markets in more depth.
A great deal of effort goes into The TRADE’s longer form content and coming in at number four in our most read stories this year was a feature exploring the world of open outcry and the potential for a renaissance of it.
Despite the indisputable decline in physical trading practices, it is enduring within an increasingly technological capital markets world which has already put innumerable out-dated practices out of fashion. Market opinion – and moves – suggest that mourning the death of open outcry may be premature.
Like the return of old Nokia’s and ‘dumbphones’ in the era of the smartphone, a hungering for print in the age of digital, and the comeback of the polaroid camera and vinyl, perhaps there’s just reason why these concepts were once deemed great.
Following the announcement from MIAX in October 2023 about plans to launch a new US options electronic exchange and physical trading floor, The TRADE wanted to delve into why open outcry has persisted and the potential for a quiet resurgence of the dying practice. If you haven’t already then absolutely give it a read.
That concludes the second roundup of The TRADE’s most read stories. Tune back in on Friday 27 December to find out what our top three most read pieces of the year have been… exciting! In the meantime, happy holidays.