EDITORIAL

The changing face of The TRADE

NEWS UPDATE

Keeping you informed with the latest industry news

Retail flow : the new El Dorado for the buy-side ?

Almost half of buy-side firms would like to engage with retail trading flow following a huge uptick in volumes

The TRADE announces Leaders in Trading 2021 Awards winners

Over 260 industry leaders gathered at The Savoy Hotel in London to celebrate their achievements throughout the year

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BUY-SIDE COVER INTERVIEW

Pioneering a hybrid organisational structure

Christoph Hock , head of multi-asset trading at

Union Investment , sits down with Annabel Smith to discuss the European asset manager ’ s new hybrid structure , regulatory divergence post-

Brexit , the role of the trader in sustainability , and the token economy

IN DEPTH

Dark trading : navigating a post-Brexit divergent world

Following the European Commission ’ s recent changes to MiFID II regulation , Annabel Smith takes a look at the UK and Europe ’ s opposing approaches to dark trading and market transparency post-Brexit and the potential for a fragmented liquidity landscape

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Fixed income automation : gearing up for the primary markets

Competition in the new issuance technology space is increasing and the first steps to restitch the primary landscape will be to focus on automating manual processes and providing transparency , says Charlotte Decuyper

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Musical chairs and the world of US sales trading

Annabel Smith speaks with the intimate community that covers US equities markets out of the UK and Europe , exploring everything from execution and desk configuration to turnover and people moves

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4 // TheTRADE // Winter 2021