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Cboe Europe new VWAP crossing service to launch in Q4

The TRADE

Brokers are going to submit indications and then we’re going to match those indications and invite the respective counterparties to submit firm orders for matching. Scrapped in 2018 under Mifid II, former broker crossing networks (BCNs) used a similar workflow.

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SEC charges TD Securities as former head of US Treasuries desk found to have allegedly made ‘hundreds’ of illegal trades

The TRADE

The US Securities and Exchange Commission (SEC) has charged TD Securities with manipulating the US Treasury cash securities market through an illicit spoofing scheme between April 2018 and May 2019. Broker-dealers and other firms cannot ignore their employees’ manipulative conduct and must take meaningful steps to detect and prevent it.

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People Moves Monday: Matrix Executions, Broadridge and CLSA

The TRADE

Former director at Cboe Global Markets, Michael Sparacino, has left the exchange operator after less than two years to re-join agency only broker-dealer Matrix Executions. He re-joined the agency only broker-dealer after also previously serving as a director for almost three years from 2019 to 2022.

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Citi names new EMEA head of electronic equity sales trading

The TRADE

He joined the bank as a permanent fixture in 2016 as a graduate analyst in its markets division, later moving into equity sales trading in 2018. Alongside her appointment, Citi also named a new chief executive of its broker dealer entity Citigroup Global Markets Inc (CGMI), Dina Faenson.

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10 hottest insurtech startups in the UK

Growth Business

. #4 – Loadsure Loadsure is a freight insurance platform that allows retail brokers to offer single shipment cover in 40 seconds or less. The startup was founded in 2018 and received $11 million (£8.64 It uses AI to stabilise premiums instead of offering extreme high and lows associated with unpredictability over time.

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Insurance Agency EBITDA Multiples: 2024 Report

Sica Fletcher

EBITDA Multiples for Insurance Agencies, 2018-2024 (Projected) M&A Deal Volume for Insurance Agencies, 2018-2024 (Projected) *S&P Global Data taken from ,,, “Insurance Brokers and Servicers Sector View 2024” The most important news this data offers is that insurance M&A is not actually in the tailspin that many “experts” claim it to be.

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Insurance Brokerage M&A in the First Half of 2020

Sica Fletcher

This blog post analyzes the significance of the statistics included in our ,, Second Quarter 2020 Sica Fletcher Agency & Broker Buyer Index. Of course, this data does not represent all M&A transactions for insurance brokers because many transactions simply go unannounced and unrecorded.

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