Lucy Carter

3 days ago | globaltrading.net | Lucy Carter

Based in New York, he reports to Rob Lynch head of fixed income and equities. John Goodheart, who held the role on an interim basis, will remain global head of fixed income and equities product. The appointment follows the news that BNY exceeded the value at risk (VaR) threshold of its overall portfolio on a single day in the first three months of 2025, with a daily trading loss greater than US$3.2 million.

5 days ago | globaltrading.net | Lucy Carter

The company states that market data fees, which make up a large proportion of exchanges’ revenues, are inflated. This increases the barrier to entry for smaller broker-dealers, increases costs for investors and ultimately misaligns with fairness requirements in the Exchange Act, it says. Under the Exchange Act, modified by the Dodd-Frank Act, member fee changes can be established with immediate effect once self-regulatory organisation (SRO) documents are filed.

5 days ago | globaltrading.net | Lucy Carter

Earlier this month, the transaction securities information processors (SIPs) Operating Committees announced that it plans to extend its operating hours to a 24-hour model. A ‘technical pause’ of less than an hour has been built into each 24-hour cycle, allowing all involved parties to refresh their systems at 8pm ET. As such, a new trading day will begin at 9pm ET – 4 pm in the UK. Once submitted to the SEC, plans for the amendment will be accepted or rejected within 300 days.

1 week ago | globaltrading.net | Lucy Carter

They replace Angelo Manioudakis, who has held the role since 2021, and report to NTAM president Daniel Gamba. NTAM holds US$1.3 trillion in assets under management, US$758 billion of which is made up of equity assets. A further US$490.1 billion consist of fixed income and liquidity assets. The duo are responsible for NTAM’s overall investment philosophy and performance. They will manage the group’s regional chief investment officers across asset classes.

1 week ago | globaltrading.net | Lucy Carter

In its report to the European Commission, the European Securities and Markets Authority’s (ESMA) has issued a series of recommendations to support the goals of the Listing Act. Introduced in November 2024, the listing act was designed with the intention of improving public capital market access to European companies and encouraging companies to IPO – and remain – on European markets.