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Fintech giant FIS has acquired SaaS post-trade platform Torstone Technology, according to multiple sources close to the matter. Some of its major recent mandates include a 10-year agreement to provide post-trade technology to BNP Paribas and $1.5
Insider trading , a highly controversial topic in financial ethics and law, involves the trading of a public company's stock by individuals with access to non-public, material information about the company. Contrary to popular belief, not all insider trading is illegal.
Singapore-based investment manager New Silk Road has outsourced its trading to Northern Trust as it seeks to fortify its offering as T+1 looms. We look forward to continuing to build our relationship with New Silk Road to enhance their global trading needs.”
RBC’s co-head of European electronic sales and trading, Bianca Gould, is set to leave the bank after almost three years as part of streamlining measures across the business. Gould joined RBC Capital Markets in October 2020 to co-lead its European low touch sales and trading business alongside Chris Parker who has been in the role since 2011.
The injection is the first time since its 2011 launch that 3forge has raised external capital. Recently, new start-up hedge fund Jain Global – product of former Credit Suisse and Millennium Management veteran Bobby Jain – selected 3forge’s platform to support its trading activities.
At the heart of the FX carry trade is the idea that, as diverging economic performance is reflected in widening interest rate differentials, this interest differential can be harvested whilst currencies of better performing economies can also strengthen,” said Webb.
Albon has been appointed associate director, senior sales for EMEA electronic trading and program trading, set to join the firm in February next year. She will report to global head of electronic trading and distribution, Jason Rand. She began her career at Newedge in a cash equity trading and sales role.
RBC’s co-head of European electronic sales and trading, Bianca Gould, is set to leave the bank after almost three years, as part of streamlining measures. Gould joined RBC Capital Markets in October 2020 to co-lead its European low touch sales and trading business alongside Chris Parker, who has been in the role since 2011.
The SEC also found, in the second action, that between April 2011 to November 2017, PIMCO failed to waive an estimated $27 million of advisory fees as required by its agreement with the PIMCO All Asset All Authority Fund. The post PIMCO charged by the SEC for swaps disclosure and procedures failures appeared first on The TRADE.
Since joining in August 2011, it has been a great place to work and has provided me with incredible opportunities for career and personal development. The post Deutsche Bank’s head of buy-side solutions sales departs appeared first on The TRADE.
equity trading volumes rose by 34% from the prior week. volumes reflect the total number of shares traded on Tape A, Tape B, and Tape C in millions. billion of net outflows experienced in December 2011. Daily average bond trading volumes rose by 57% from the prior week. The trade-weighted U.S. Average daily U.S.
Sica | Fletcher believes Brown & Brown is the publicly traded company that is most comparable to private, middle market U.S. Ironically, this is historically significant for BRO given that in 2011 they only had $251 million of debt. insurance brokers. BRO just reported Q1 results and here is our take on it: 1.
The first is Private Capital Markets by Rob Slee (John Wiley & Sons: 2011). And “trade things of unequal value” – a small concession to the other party that costs nothing can be traded for a large one that benefits you more. Over this time, there are two books that I keep returning to frequently for help in my transactions.
They are traded on exchanges and used by businesses and investors to hedge risk or speculate on price movements. The Derivative Market Derivatives can be traded on exchanges or over-the-counter (OTC). Exchange-traded derivatives are standardized contracts that provide transparency and reduce counterparty risk.
equity trading volumes declined by 10.3% volumes reflect the total number of shares traded on Tape A, Tape B, and Tape C in millions. billion of net outflows experienced in December 2011. Daily average bond trading volumes declined by 18% from the prior week. The trade-weighted U.S. Average daily U.S. in the week.
A classic example is the 2011 earthquake and tsunami in Japan that affected the global supply of automotive parts. Political and Economic Instability Trade wars or changes in import/export regulations can disrupt supply chains. China trade tensions have forced companies to restructure their supply chains. For instance, U.S.-China
As a result of SEC cyber guidance from 2011 and 2018 , which specifies that cyber risks and cyber incidents could trigger general SEC reporting obligations, Marriott released a statement on its website to coincide with a filing of its 8-K. Background on the ICO’s Proposed Marriott Fine.
Portfolio Structure: Unlike MM portfolios, SM portfolios do not have to be market–neutral or based on pair trades; many SM funds also tend to run much more concentrated portfolios (e.g., Here’s a quick run-down of the other differences: Performance Targets: Like all hedge funds, single-manager funds aim for high absolute returns (e.g.,
5 – Blockchain.com Value: $5bn (Forbes) Founded: 2011 What do they do? Cryptocurrency Bio: Blockchain.com allows users to buy, trade and sell cryptocurrency. 26 – Go Cardless Value: $1–$1.3bn Founded: 2011 What do they do? Possessing 37m verified users, it has become a financial buzzword over the last couple of years.
The World Trade Organization (WTO ) plays a pivotal role in shaping the global economic landscape. From GATT to WTO The WTO, born out of the General Agreement on Tariffs and Trade (GATT) , has been pivotal since its inception in 1995. GATT’s initial role was to regulate international trade post-WWII.
Announced earlier this month, global head of trading, Dan Royal, is set to step away from his role at the end of this year. Sitting down with The TRADE, Spencer explains this plan of succession has been in place for several years, attributing its success to the planning and preparation that has gone into implementing it.
of successful exits: 66 Website: www.amadeuscapital.com/ Phone: + 44 (0)330 024 0777 Angel CoFund Mini bio: Launched in 2011, the Angel CoFund (ACF) is a £100m fund which invests alongside sector-smart angel investors across the UK. It focuses on early-stage seed funding and always looks to work actively with its investments.
KCx has long established its presence in both high-touch and program trading, and to continue driving innovation and disruption, it is essential to offer a full suite of services globally, Bobbie Port, head of electronic distribution at KCx told The TRADE.
If you’re not familiar with it, the show follows several young graduates who start working in sales & trading and investment banking at JP Morgan Pierpoint & Co. Another is the banter and “side talk” on the trading floor. They also do a ton of research on the jargon to describe trades. What is Industry About?
As a client and shareholder since 2011, Cathay has enjoyed a long and successful partnership with Conning,” said Hong-Tu Tsai, chairman of Cathay Financial Holdings. “We The post Generali set to become one of Europe’s biggest asset managers through US-based Conning acquisition appeared first on The TRADE.
She originally joined NYSE Euronext in 2011 as its deputy chief of staff to the president and deputy chief executive. Europe announced plans to establish a real-time EU-level consolidated tape for “different kinds of assets” traded in the EU in June earlier this year after several years of deliberation.
2] , [3] The rules build on the 2011 guidance issued by the SEC’s Division of Corporation Finance (“2011 Staff Guidance”) and the 2018 Commission Statement and Guidance on Public Company Cybersecurity Disclosures issued by the Commission itself (“2018 Interpretive Release”). [4] The New Rules A. Disclosure by U.S.
FIS acquires post-trade platform Torstone Technology Coming in at number 10 in our 2024 most read countdown was a major merger and acquisition scoop announced at the start of the year. As revealed by The TRADE and sister publication Global Custodian in February, fintech giant acquired SaaS post-trade platform Torstone Technology.
Performance and Valuations – PE and VC funds raised in the 2011 – 2020 period have performed decently over the past few years (median IRRs of 15 – 20%), but growth equity has been lower, with a median closer to 10%, likely because there was a much bigger valuation reset in the late-stage funding market and a big drop in exits.
The Implications of the Scrape When the first edition of Mergers & Acquisitions for Dummies was released in 2011, numerous well-meaning people asked, who wrote it? The AI acolytes might rave about the time savings they get from using AI, but do they think about the person on the other end of that trade? You knowyou!
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