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CIBC makes senior equity trading appointment in London with hire from Kepler Cheuvreux

The TRADE

Prior to joining the French firm where he was employed as a sales trader for over five years, Lockley worked as a trader at broker GFI Group. CIBC is a multinational banking and financial services company with its headquarters in Toronto, Ontario, with its London office based in the heart of the city on Cheapside.

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Challenges for the buy-side and research providers become a reality as SEC allows ‘no-action’ research letter to lapse

The TRADE

The Securities and Exchange Commission (SEC) has allowed its no-action letter to the Securities Industry and Financial Markets Association (SIFMA), based on enforcements surrounding research services, to expire – reinforcing that it was not intended to be permanent solution. That bill is, however, not in effect.

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An evolving service provider landscape

The TRADE

The service provider landscape for outsourced trading is made up of an eclectic mix of firms. Boutique independents and the largest financial services providers co-exist in this burgeoning space which has some elements of comradery and others of fierce rivalry.

Trading 64
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Representation & Warranty (R&W) Insurance – Current Market Trends

Cooley M&A

From 2008 to 2018, the total R&W policies bound per year in North America rose from 40 deals, providing $541 million of coverage to 1500+ R&W insurance transactions, providing aggregate coverage of $38.6 Aon estimates that over 45% of all private M&A transactions in North America had R&W insurance in 2018. [2].

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Tech unicorns UK – complete guide to the billion-dollar club

Growth Business

The group comprises of brokering firm Howden, underwriting agency DUAL, MGA and its data and analytics arm HX. Employees make up its largest shareholder group and in March 2022, the group acquired Italy’s largest insurance broker, Assiteca. #8 13 – Copper Value: $2-$2.5bn Founded: 2018 What do they do?

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Eyes on a new prize: How outsourced trading has taken off and why the attention is now turning to larger managers

The TRADE

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 pandemic marked a seminal moment across the capital markets, effectively drawing a line between the old world and the new. The number now – in 2023 – is said to be well over 50.

Trading 64
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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

Mifid’s legacy continues to shape regulatory frameworks and market dynamics, alongside laying the groundwork for subsequent regulatory initiatives such as Mifid II… Mifid II: Next up is the revised Markets in Financial Instruments Directive, Mifid II, which was implemented in January 2018 as an overhaul of its predecessor, Mifid I.