The London Stock Exchange Group (LON: LSEG), which operates the largest stock bourse in the UK, has hired Paul Beatty Jr. as the Director of Bank Relationships for Capital Markets. According to his Linkedin profile, he is based in New York and assumed the new role earlier this month.
Beatty describes himself as an “accomplished, result-oriented Senior Sales Executive with a proven ability to lead, develop, and manage sales teams.” He worked with several financial services giants over his long career in the industry.
Extensive Industry Experience
He joined LSEG from FlexTrade where he was the Director of FX and Crypto. He joined that company in April 2020 and spent two years and eight months there. Before that, he was the Managing Director at Spotex between December 2018 and April 2020. Spotex launched in 2014 with FX ECN-based technology built specifically to address existing systems’ shortcomings and provide new opportunities for market participants.
Additionally, he was a Business Advisor at TP ICAP for nine months before joining Spotex. On top of that, he spent 17 years at Bloomberg, separating in May 2017 as the Global Managing Director of Tradebook FX.
He designed and managed the global sales force for Bloomberg Tradebook FX and launched the first electronic anonymous FX Trading Platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
Read this Term inside the Bloomberg ecosystem via a prime brokerage model with Bank of America Merril Lynch acting as the centralized Prime Broker
Prime Broker
Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers – bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have proven that there is space for non-bank liquidity providers that sometimes can deliver a better service than traditional financial institutions.Prime brokers are earning on commissions, spreads and overnight margin lending. Brokers which are operating STP flows in sufficient size are the main contenders to have a direct relationship with a prime broker, while smaller firms are relying on prime of primes to access a pool of prime brokers.What Roles Do Prime Brokers Perform?Prime brokers are responsible for a wide range of services, which typically include global custody such as clearing, custody, and asset servicing. Additionally, these individuals are also tasked with securities lending and financing, in a bid to facilitate leverage of client assets.The individuals can also provide hedge fund managers with portfolio reporting needed to effectively manage money as well as operational support. Prime brokers act as a hedge fund’s primary operations contact with all other broker dealers.Finally, many prime brokers also look to provide additional value-added services, such as risk management and capital introduction.Of note, larger prime brokerage firms today usually monitor the risk within client portfolios through house-designed risk-based margin methodologies. These are helpful in considering the worst-case loss of a portfolio based on liquidity, concentration, ownership, macroeconomic, investing strategies, and other risks of the portfolio.
Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers – bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have proven that there is space for non-bank liquidity providers that sometimes can deliver a better service than traditional financial institutions.Prime brokers are earning on commissions, spreads and overnight margin lending. Brokers which are operating STP flows in sufficient size are the main contenders to have a direct relationship with a prime broker, while smaller firms are relying on prime of primes to access a pool of prime brokers.What Roles Do Prime Brokers Perform?Prime brokers are responsible for a wide range of services, which typically include global custody such as clearing, custody, and asset servicing. Additionally, these individuals are also tasked with securities lending and financing, in a bid to facilitate leverage of client assets.The individuals can also provide hedge fund managers with portfolio reporting needed to effectively manage money as well as operational support. Prime brokers act as a hedge fund’s primary operations contact with all other broker dealers.Finally, many prime brokers also look to provide additional value-added services, such as risk management and capital introduction.Of note, larger prime brokerage firms today usually monitor the risk within client portfolios through house-designed risk-based margin methodologies. These are helpful in considering the worst-case loss of a portfolio based on liquidity, concentration, ownership, macroeconomic, investing strategies, and other risks of the portfolio.
Read this Term. He developed sales and marketing strategies for financial institutions to facilitate product and goal achievements. However, Bloomberg Tradebook confirmed the closure of its anonymous FX ECN in 2017 to concentrate on dealer-to-client (D2C) FX.
Meanwhile, the LSEG witnessed robust growth across key business segments in the first half of 2022. The group’s total income, including recoveries, for the period, came in at over £3.7 billion, with the gross profit touching £3.2 billion compared to £2.6 billion in the first half of 2021.
The London Stock Exchange Group (LON: LSEG), which operates the largest stock bourse in the UK, has hired Paul Beatty Jr. as the Director of Bank Relationships for Capital Markets. According to his Linkedin profile, he is based in New York and assumed the new role earlier this month.
Beatty describes himself as an “accomplished, result-oriented Senior Sales Executive with a proven ability to lead, develop, and manage sales teams.” He worked with several financial services giants over his long career in the industry.
Extensive Industry Experience
He joined LSEG from FlexTrade where he was the Director of FX and Crypto. He joined that company in April 2020 and spent two years and eight months there. Before that, he was the Managing Director at Spotex between December 2018 and April 2020. Spotex launched in 2014 with FX ECN-based technology built specifically to address existing systems’ shortcomings and provide new opportunities for market participants.
Additionally, he was a Business Advisor at TP ICAP for nine months before joining Spotex. On top of that, he spent 17 years at Bloomberg, separating in May 2017 as the Global Managing Director of Tradebook FX.
He designed and managed the global sales force for Bloomberg Tradebook FX and launched the first electronic anonymous FX Trading Platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
Read this Term inside the Bloomberg ecosystem via a prime brokerage model with Bank of America Merril Lynch acting as the centralized Prime Broker
Prime Broker
Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers – bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have proven that there is space for non-bank liquidity providers that sometimes can deliver a better service than traditional financial institutions.Prime brokers are earning on commissions, spreads and overnight margin lending. Brokers which are operating STP flows in sufficient size are the main contenders to have a direct relationship with a prime broker, while smaller firms are relying on prime of primes to access a pool of prime brokers.What Roles Do Prime Brokers Perform?Prime brokers are responsible for a wide range of services, which typically include global custody such as clearing, custody, and asset servicing. Additionally, these individuals are also tasked with securities lending and financing, in a bid to facilitate leverage of client assets.The individuals can also provide hedge fund managers with portfolio reporting needed to effectively manage money as well as operational support. Prime brokers act as a hedge fund’s primary operations contact with all other broker dealers.Finally, many prime brokers also look to provide additional value-added services, such as risk management and capital introduction.Of note, larger prime brokerage firms today usually monitor the risk within client portfolios through house-designed risk-based margin methodologies. These are helpful in considering the worst-case loss of a portfolio based on liquidity, concentration, ownership, macroeconomic, investing strategies, and other risks of the portfolio.
Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers – bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have proven that there is space for non-bank liquidity providers that sometimes can deliver a better service than traditional financial institutions.Prime brokers are earning on commissions, spreads and overnight margin lending. Brokers which are operating STP flows in sufficient size are the main contenders to have a direct relationship with a prime broker, while smaller firms are relying on prime of primes to access a pool of prime brokers.What Roles Do Prime Brokers Perform?Prime brokers are responsible for a wide range of services, which typically include global custody such as clearing, custody, and asset servicing. Additionally, these individuals are also tasked with securities lending and financing, in a bid to facilitate leverage of client assets.The individuals can also provide hedge fund managers with portfolio reporting needed to effectively manage money as well as operational support. Prime brokers act as a hedge fund’s primary operations contact with all other broker dealers.Finally, many prime brokers also look to provide additional value-added services, such as risk management and capital introduction.Of note, larger prime brokerage firms today usually monitor the risk within client portfolios through house-designed risk-based margin methodologies. These are helpful in considering the worst-case loss of a portfolio based on liquidity, concentration, ownership, macroeconomic, investing strategies, and other risks of the portfolio.
Read this Term. He developed sales and marketing strategies for financial institutions to facilitate product and goal achievements. However, Bloomberg Tradebook confirmed the closure of its anonymous FX ECN in 2017 to concentrate on dealer-to-client (D2C) FX.
Meanwhile, the LSEG witnessed robust growth across key business segments in the first half of 2022. The group’s total income, including recoveries, for the period, came in at over £3.7 billion, with the gross profit touching £3.2 billion compared to £2.6 billion in the first half of 2021.
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