Tag: Hedge fund

BusinessInnovationStartups

Balyasny Expands Asia Macro Trading Team with Key Hires Following Major Recruitment

Hedge fund firm Balyasny Asset Management is expanding its Asian operations with four strategic hires for its macro trading team. The expansion follows the high-profile recruitment of portfolio manager Ron Choy earlier this year with a substantial compensation package.

Major Expansion in Asian Macro Trading Operations

Balyasny Asset Management is significantly bolstering its presence in Asian markets with the addition of four professionals to its macro trading team, according to industry reports. The expansion comes under the leadership of portfolio manager Ron Choy, who sources indicate was recruited earlier this year with a compensation package potentially reaching $30 million.

by Aaron Blake
Business AcquisitionEconomy and Trading

Retail Traders Drive Record Options Volume Amid Market Volatility

Friday’s market selloff triggered the largest options trading volume in history, with over 108 million contracts traded according to Citadel Securities. Analysis suggests retail traders demonstrated extraordinary bullish conviction, marking the 24th straight week of better-to-buy options skew. This retail support has reportedly helped power the S&P 500 to new highs despite various economic headwinds.

Record-Breaking Options Activity

Friday’s stock market decline reportedly triggered the biggest options volume day in history, with analysts suggesting this represents the latest demonstration of retail traders’ unprecedented market support. According to reports from Citadel Securities, October 10 saw over 108 million contracts traded, marking only the second time volumes have exceeded 100 million.

by Gabriel Novak
Business AcquisitionFinance

Buy-Side Firms Accelerate Outsourced Trading Adoption as State Street Expands Global Footprint

Major financial institutions are rapidly expanding their outsourced trading operations as asset managers and hedge funds increasingly delegate execution to third-party providers. State Street’s Frankfurt expansion and Marex’s Asian hiring reflect growing demand for cost-effective trading solutions across equities, fixed income, and derivatives.

Outsourced trading is experiencing unprecedented growth as financial institutions including State Street Corporation, Marex Group, and Jefferies Financial Group expand their global operations to meet surging demand from asset managers and hedge funds. This strategic shift comes as buy-side firms seek greater efficiency, cost reduction, and access to specialized execution capabilities across multiple asset classes and geographic regions.

Global Expansion of Outsourced Trading Desks

by Gabriel Novak