The TRADE

AUGUST 1, 2023

The players that now dominate in the EMEA equities space are typically larger and have roots that stretch across the Atlantic due to tricky market conditions that have made economies of scale and the ability to internalise risk increasingly essential. “If Goldman Sachs’ equities revenues globally had fallen from $3.24

Equities 52

Equities Trading Electronics Sale 52

The TRADE

DECEMBER 4, 2023

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.

Capital Market 64

Capital Market Broker Asset Management Trading 64

Sica Fletcher

MARCH 8, 2024

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.

Insurance 52

Insurance M&A S&P Valuation 52

Sica Fletcher

AUGUST 18, 2020

Private equity firms continue to drive transaction pace and value. This blog post analyzes the significance of the statistics included in our ,, Second Quarter 2020 Sica Fletcher Agency & Broker Buyer Index. And, in fact, the number of transactions in 2020 exceeded the amount for the same period in 2018.

M&A 52

M&A Insurance S&P Broker 52

Sica Fletcher

JULY 1, 2020

Update on Private Equity and Insurance Brokerages In our ,, previous article , we reported that the COVID-19 pandemic had not diminished the pace of mergers and acquisitions transactions we are seeing in the insurance agency and brokerage sector. The number of transactions we are working on has not abated. Dry powder reached $1.4

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Private Equity Insurance Debt Equities 52

Sica Fletcher

DECEMBER 12, 2019

(Otherwise Known as “How Acquisitions Are Structured”) Our November blog post asked how a smaller agency can take advantage of the tsunami of private equity investment in insurance brokerages. Barring extenuating circumstances, 100% of the “value” of the equity is usually paid at the closing of the transaction.

Private Equity 52

Private Equity Insurance Equities Management 52

The TRADE

JANUARY 3, 2024

Coalition Greenwich points out that from 2018 to 2022 the number of outsourced trading providers grew from fewer than 10 to more than 40. Meanwhile in Frankfurt, Dirk Heim joined as head of EU execution from Quoniam Asset Management, managing the execution of global equity portfolio baskets alongside derivatives. The list goes on.

Trading 64

Trading Asset Management M&A Broker 64

The TRADE

JULY 17, 2024

After moving to a centralised equity dealing desk in 2002, the institution added fixed income to the mix to create a multi-asset offering in 2018. Historically, the trading teams were siloed by asset class with separate equity and fixed income teams trading their own products alongside FX and derivatives.

Asset Management 52

Asset Management Management Trading Equities 52

The TRADE

DECEMBER 21, 2023

Coalition Greenwich points out that from 2018 to 2022 the number of outsourced trading providers grew from fewer than 10 to more than 40. The SEC also appears particularly intent on introducing more reporting rules across asset classes while also reviewing market structure for equities.

Trading 64

Trading Management Funds Asset Management 64

The TRADE

OCTOBER 24, 2024

While adoption is widespread in equities other asset classes such as fixed income have been slower to adopt these systems given the nuances of the workflows and liquidity landscapes in these markets. They’re typically used in equities given that this asset class trades on exchange unlike fixed income and some foreign exchange assets.

Trading 120

Trading Investors IT S&P 120

The TRADE

APRIL 30, 2024

Among the key components of Basel III is the increase in minimum capital requirements for banks, including higher common equity and Tier 1 capital ratios. It mandates increased pre- and post-trade transparency for a wide range of asset classes, including equities, fixed income, derivatives, and structured finance products.

Financial Institution 69

Financial Institution Financial Market Risk Management Bank 69

The TRADE

OCTOBER 19, 2023

CME Group acquired EBS in 2018 as part of a larger acquisition of London-based NEX Group, forming a combined company for futures, cash and OTC markets. The integrated platform is available for all equity, equity index and fixed income options and corresponding futures traded on Eurex, alongside foreign exchange derivatives.

Trading 59

Trading Asset Management Bank Banking 59

Growth Business

AUGUST 22, 2023

This valuation is either achieved through an equity financing round or via financial performance indicators. The group comprises of brokering firm Howden, underwriting agency DUAL, MGA and its data and analytics arm HX. 13 – Copper Value: $2-$2.5bn Founded: 2018 What do they do? What is unicorn status?

Insurance 52

Insurance Bank Banking Funds 52

Sica Fletcher

FEBRUARY 9, 2021

As we have reported throughout the year, the M&A market for insurance brokers remained at peak, pre-pandemic levels despite all of the public health, political, social, and economic dislocations. 2020 finally is in the rear-view mirror. And as of today, the most active acquirers continue to be highly interested in acquisitions.

Capital 52

Capital IT Economics Insurance 52

The TRADE

DECEMBER 4, 2024

He was most recently head of trading at the firm , having joined as a cross-asset trader in 2018. Carton has also previously worked stints at BNP Paribas and Societe Generale.

Capital 59

Capital Trading Broker Equities 59

The TRADE

DECEMBER 9, 2024

He most recently head of trading at the firm, having joined as a cross-asset trader in 2018. Previously in his career, Geneva-based Carton worked as an equity and exchange traded funds (ETFs) sales trader at OTCex and before that as an index derivatives broker at GFI Group.

Capital 64

Capital Trading Equities Sale 64

The TRADE

FEBRUARY 13, 2025

Featured in its final report on equity transparency, published in December, the European Securities Markets Authority (ESMA) added an additional line to its text surrounding the specific characteristics of negotiated transactions, preventing exchanges from using the model on their own behalf.

Trading 52

Trading Negotiation Broker Equities 52

Growth Business

OCTOBER 23, 2023

Another downside is you accept corporate venture capital can be to scare off other investors, who worry about founders giving away too much equity to a CVC and being perceived as a “soft target” for acquisition on the cheap by the corporate entity. What he came up with was Acre, an all-in-one mortgage platform for brokers and their clients.

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Corporation Capital Investment Investors 64