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3 weeks ago | 
euromoney.com | Laurie McAughtry
Fixed income markets are undergoing a profound shift. From electronification and data-driven execution to the rise of AI and smart algorithms, we’re moving from legacy systems and relationship-based trading to an increasingly automated, competitive and complex environment. But the evolution is not always uniform. Whilst high, liquidity remains fragmented, especially in Europe. Regulatory pressures are diverging across regions, and the role of human judgement is, crucially, being redefined.
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1 month ago | 
euromoney.com | Laurie McAughtry
In the first of our new webinar series exploring the crucial issues impacting the FX industry today, Euromoney head of capital markets Laurie McAughtry welcomes guest host Stéphane Malrait of ACI FMA, and guest speakers Ollie Jerome of Deutsche Bank and Matt Barrett of Adaptive to explore the question of single- versus multi-dealer platforms (MDPs). What role do they play, what does the future hold and can the current pricing model be justified?
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1 month ago | 
euromoney.com | Laurie McAughtry
In the first of our new webinar series exploring the crucial issues impacting the FX industry today, Euromoney head of capital markets Laurie McAughtry welcomes guest host Stéphane Malrait of ACI FMA, and guest speakers Ollie Jerome of Deutsche Bank and Matt Barrett of Adaptive to explore the question of single- versus multi-dealer platforms (MDPs). What role do they play, what does the future hold and can the current pricing model be justified?
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2 months ago | 
euromoney.com | Laurie McAughtry
With operations in more than 30 countries worldwide, a well-established franchise and a top-five ranking, Bank of America (BofA) is already in the top handful of bulge-bracket banks operating in the European equity capital markets (ECM) space.
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Mar 17, 2025 | 
euromoney.com | Laurie McAughtry
Private markets are undergoing a growth explosion. Industry estimates suggest the sector could jump from $13 trillion today to more than $20 trillion by 2030 – driven by democratised investor access, private debt expansion, and the transformative power of technology – particularly via AI and digital assets. In 2024, private equity dealmaking finally resumed its growth trajectory after two years of decline, with a notable increase in the value and number of large PE deals.
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Mar 14, 2025 | 
euromoney.com | Laurie McAughtry
In November, the European regulator ESMA published plans for the EU to move to a T+1 settlement cycle no later than October 11, 2027, with the UK agreeing to the same deadline earlier this year. The move to a shorter settlement is expected to release more than £1 billion of margin in the UK due to lower counterparty risks – echoing the benefits seen in the US, where the T+1 transition in May has already seen an estimated reduction in clearing default funding of around US$2 billion.
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Feb 28, 2025 | 
euromoney.com | Laurie McAughtry
A top-20 global exchange, the most active platform in South Africa and largest on the African continent, the Johannesburg Stock Exchange (JSE) has nevertheless spent much of the past decade in the doldrums, with sluggish volumes, negative weightings and lacklustre listings. During the past two years, however, all that has changed, with promising growth numbers driven by an uptick macro performance and a sea change in political will.
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Feb 28, 2025 | 
euromoney.com | Laurie McAughtry
US capital markets remain the largest in the world, with US equity markets representing 42.6% of global market capitalisation, almost four times the size of the EU, the next largest market. America is also the world’s financial hub, offering the greatest diversity of banks, brokers, financial advisors and investment managers. For those reasons, more and more companies are exploring how they can make their shares available to the broadest pool of US investors.
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Feb 6, 2025 | 
euromoney.com | Laurie McAughtry
When implemented effectively, AI-powered solutions can automate repetitive tasks, enhance integration across disparate systems and uncover valuable insights to boost alpha performance. Market practitioners at the Equities Leaders Summit in Miami this week explored what AI means for the trading desk, and how it can help firms to parse information from fragmented data points to improve trading decisions. A key challenge in the adoption of AI at the coalface of financial markets is trust.
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Feb 4, 2025 | 
euromoney.com | Laurie McAughtry
Nowhere else in the world is the primary financial regulator so dominated by personality and politics. Despite all the checks and balances, the leadership of the Securities and Exchange Commission (SEC) has an inevitable impact on the direction and sentiment of institutional investment.
