What to watch Cadence Design Systems: CDS, a $28bn market cap electronics design and engineering services business, has enjoyed a share price gain of 44.5% in 2020 so far. During Q2, the firm announced a collaboration with Taiwan Semiconductor and Microsoft, in order to use cloud technology to reduce the signoff schedules for new semiconductor…
Read more
Lyuba Golberg, who is Chief People Officer and Bernard Ho, who serves as Head of Asia also join the board of directors. Current member Joseph Ahearn completes the board. He also serves as TradingScreen’s Senior Vice President and Head of Fixed Income and is a founding stockholder of the company. Pierre Schroeder, TS’s Chairman and…
Read more
What to watch: BlackRock: The world’s biggest fund manager is scheduled to announce its Q2 earnings on Friday before the market opens. BlackRock is a key bellwether for the asset management industry, and following the blistering rally in equities in Q2, expectations are running high. The consensus is for earnings to come in at $6.99…
Read more
The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs’ Sustainability Survey reported growing investor demand for ESG disclosure. The WFE sustainability survey encapsulates the extent of the engagement of its members in Environment, Social and Governance (ESG) issues across developed and emerging markets. The survey is carried out annually. The…
Read more
Karen Lok was appointed as Senior Vice President, Head of Listing Compliance. Lok is a certified accountant in Kong Kong and Australia and has more than 20 years of experience in compliance, risk management, and business operations management at several international banks and consulting firms. Prior to her new appointment, Lok was director at PricewaterhouseCoopers,…
Read more
The Australian regulator also alleges that Forex CT contravened a ban on conflicted remuneration under the Corporations Act by paying account manager bonuses primarily based on client “net deposits” (total client deposits less withdrawals) and failed to act in the best interests of clients. This may add a maximum civil penalty of $1,000,000 for the…
Read more
Andy Mahoney, Managing Director EMEA at FlexTrade Systems, said: We are very excited to offer this innovative new functionality in partnership with Liquidnet. While highly targeted, actionable liquidity, with zero information leakage, has been available for some time in our parent order blotter, this really takes it to the next level. Targeted Invitations contain machine-readable…
Read more
Execution methods The survey also covered execution methods and their reliability and concluded that the top choices were Streaming Risk Transfer, chosen by 65% of respondents, and Primary Market Execution, chosen by 24%. Banks were more enthusiastic to trade on the Primary Market because they found it the most reliable mechanism to get their executions…
Read more
The Gallant Exchange’s platform is designed to support the trading of Athlete Coins (ACs), as well as the popular cryptocurrencies. Athlete Coins can be minted on the ERC20 protocol and traded on Gallant platform. Users can enter into trading competitions and contests for collectibles and memorabilia of the respective athlete as a coin holder. Gallant…
Read more
Burberry cutting 500 jobs London-listed shares soared yesterday, with the FTSE 100 closing the day 1.8% up. Similar to the US, it was vaccine optimism driving prices higher, along with a surprise 0.6% June inflation figure, above estimates for the month but still well below the 2% targeted by the Bank of England. International Consolidated…
Read more