PEOPLE MOVES
BlackRock named Paul Battams global head of equity trading. Battams has served in a range of senior trading roles during his 17-year tenure at the firm. Additionally, BlackRock’ s cohead of global trading, Jatin Vara, departed to embark on a new chapter after 27 years at the firm.
Charlotte Nutting left Millennium after more than six years to join Capula Investment Management as a senior execution trader. Nutting initially joined Millennium as a systematic multi-asset trader in 2019, before becoming a senior trader in 2022.
Invesco promoted head trader, Samuel Henderson to the role of head of EMEA equity trading. The appointment follows the departure of Invesco’ s head of trading – EMEA and APAC equities, Paul Squires in November 2025.
Citadel promoted Brian Pastor to head of trading, global equities. Pastor initially joined the firm in 2018 as an equity trader.
CIBC named Paul Ponomarev managing director, global head of program trading. Ponomarev most recently served as head of strategy, Americas trading at Bernstein, overseeing the US electronic and global program.
Cboe Global reshuffled its equities leadership as part of a major overhaul. Alex Dalley was promoted to senior vice president to run Cboe ' s European equities business, having previously served as head of European equities. Meanwhile, president of Europe and global head of cash equities, Natan Tiefenbrun, departed the firm.
BNY named Laide Majiyagbe global head of markets, following five years with the business. New York-based Majiyagbe, who previously served as global head of liquidity, financing and collateral, also joined BNY’ s executive committee as part of her new role.
Joe Bellman left his role as head of dealing at Arbuthnot Latham to join Stonehage Fleming as a senior multi-asset trader. Bellman initially joined Arbuthnot Latham as a dealer in 2014 and he became head of dealing in 2024.
NEWS UPDATE
EQUITIES
DTCC unveils industry-wide testing phase for US equities 24 / 5 trading
The move is expected to support the wider industry as exchanges such as NYSE, Nasdaq and Cboe begin to prepare for a shift to overnight trading models for US equities markets.
The Depository Trust & Clearing Corporation( DTCC) has launched an industry-wide testing phase for 24 / 5 trading. The development comes in light of the US equities markets’ preparations to shift to extended trading hours in the coming months and years. The DTCC’ s testing phase is expected to support the National Securities Clearing Corporation’ s( NSCC) move to extended clearing hours, in line with its 24 / 5 initiative – currently scheduled to come into effect on 28 June 2026. As part of this phase, all firms which receive Universal
Trade Capture( UTC) real-time output messages must participate in testing, while similarly, sending entities submitting trades during extended hours must complete testing to ensure they are prepared for 24 / 5 processing standards and end-of-day balancing. Specifically, the proposed 24 / 5 model, which is subject to regulatory approval, will allow the NSCC to apply its central counterparty( CCP) guarantee to overnight transactions, operating from 8pm ET on Sunday to Friday 8pm ET.
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