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Editor ANNABEL SMITH + 44( 0) 775 1929 705 annabel. smith @ thetradenews. com
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New beginnings
[ E D I T O R ' S N O T E ]
Spring is most definitely springing as I put pen to paper for this editor’ s note. And as the seasons begin to turn, there is change in the air. Spring is a time for new beginnings and that can certainly be said for both the markets and our internal day-to-day here at The TRADE. Seismic innovations in the way that stocks and shares are trading – namely the extension of equities trading hours to a 24 / 5 model- look set to come to fruition in the next year. While the US appears bullish with its plans to extend its trading day, the UK and Europe remain reluctant to follow suit. The same US-led innovation can be seen in the global transition to a shortened settlement cycle and plans for the implementation of T + 1 in the UK and Europe following the US’ 2024 transition are continuing to ramp up. This Q1 edition explores all this and more including in depth pieces exploring the“ un-unified” approach across the globe to extending trading hours, the impact of the European T + 1 shift on Asia-Pacific trading, and more. You’ ll also find included the long-only results from our Algorithmic Trading Survey, the latest news and moves, and heaps of other content for you to get stuck into. Starring on our cover for this quarter is director of equity trading at Glenmede Investment Management and winner of The TRADE’ s Buy-side Market Structure Expert of the Year Award 2024 at Leaders in Trading New York, Melissa Hinmon. Alongside her in this issue’ s buyside line up is a Meet the Desk interview with Fidelity International’ s foreign exchange trading desk and a Q & A interview with Pictet Asset Management’ s Jade Beckmann. As the markets outside of The TRADE’ s four walls shift, look within and you’ ll find it’ s a time for change inside our house also. It’ s with a heavy heart that we say goodbye to our long-standing reporter Wesley Bray who leaves us at the end of March to explore a new career path. Wesley’ s contribution to The TRADE over the last four years has been central to our beloved publication’ s growth and success and we wish him all the very best for the future. As the saying goes, when one door closes, another opens, so watch this space for a new face joining The TRADE on its beat.
ISSN 2040-0144
© The Trade is owned and produced by Tungsten Publishing Ltd. © Tungsten Publishing 2024. Although Tungsten Publishing has made every effort to ensure the accuracy of this publication, neither it nor any contributor can accept any legal responsibility whatsoever for consequences that may arise from errors or omissions or any opinions or advice given. This publication is not a substitute for professional advice on a specific transaction. No reproduction allowed without prior permission.
Annabel Smith Editor
The TRADE
Issue 83 // thetradenews. com // 3