How2Exit

MARCH 23, 2023

By 2021, the median deal size had increased to $1.8 This is a list of all the items that are used to fund the business, such as car leases, cell phone coverages, and Netflix accounts. There are many brokers out there who may be more interested in getting a listing fee than helping the entrepreneur maximize their value.

M&A 130

M&A Business Book-building Sale 130

Sica Fletcher

MARCH 31, 2022

Background Over the past several years, there has been an enormous wave of M&A transactions in our industry as agency principals have been capitalizing on the unprecedented demand for insurance brokers. Size of Agency Has a Direct Impact on Multiple Paid – There is a distinct linear relationship between agency size and EBITDA multiple.

Acquisitions 52

Acquisitions Insurance M&A Private Equity 52

The TRADE

SEPTEMBER 18, 2023

The recent communication follows the previous Wholesale Broker Letter (WBL) and addresses the key risks which could arise in relation to PTF’s, what drives them, and the FCA’s expectations for these firms in mitigating these risks. The TRADE takes a look at what the FCA’s planned strategy means for the market empirically.

Trading 59

Trading Management IT Broker 59

The TRADE

APRIL 17, 2024

We want our brokers to be able to accept receiving pre-allocations for these orders. If we’re trading for multiple accounts, we need to pass on the accounts numbers to them via FIX. “We are working together with FlexTrade to see how we can trade these [index futures] via algo wheels.

Trading 59

Trading Equities Asset Management Portfolio Management 59

The TRADE

AUGUST 21, 2023

The new tick size regime proposed by ESMA meant that regulators of European trading venues will be allowed to calculate the average daily number of transactions on a case-by-case basis, taking into account the liquidity available on third-country venues in calibration of tick sizes.

Equities 52

Equities Retail Trading Broker 52

The TRADE

OCTOBER 9, 2024

She joined Ninety One in 2021 from Royal London Asset Management where she had been head of dealing for three years. Wood joined Ninety One in 2021 after serving for a year and a half at Aviva Investors as a credit trader and for five years at Vanguard as a fixed income trader. Often we won’t commit orders fully to a broker.

Trading 59

Trading Bulge Bracket Asset Management Banking 59

The TRADE

MAY 23, 2024

Alternative ATS’ that favour a trajectory crossing model include LeveL ATS, of which Nasdaq took a minority stake in 2021, PureStream (powered by Nasdaq) and Morgan Stanley’s ATS TrajectoryCrossing. There is of course the option for brokers to connect to technology and OMS providers who do this connecting work on their behalf.

Trading 52

Trading Investors Broker IT 52

The TRADE

NOVEMBER 2, 2023

We were frequently approached by the top four accountancy firms who spoke about amazing opportunities, but I quickly realised this wasn’t the path for me. As mentioned, regulation has redefined bank balance sheets and we’ve consequently witnessed a change in the composition of the traditional broker-dealer community.

Trading 64

Trading Portfolio Banking Bank 64

The TRADE

OCTOBER 24, 2023

Clients running active accounts in the EU could apply from March of this year with the clearinghouse confirming that the move was aimed at reducing reliance on CCPs outside of the EU in line with regulatory objectives. The hires have been made across its risk, technology, sales and product development functions.

Trading 59

Trading Risk Management Equities Management 59

The TRADE

JULY 24, 2023

Eppacher moved to New York in 2017 to take up the role of head of multi-asset for the Americas, before moving back to Germany to head up the firm’s global equities business and later took the helm all together as global head of trading in 2021. This is followed by 13% being accounted for by alternatives and 12% by active equity.

Trading 52

Trading Portfolio Management Asset Management Management 52

FineMark

APRIL 13, 2023

Interestingly, throughout 2021 and 2022, there were no U.S. In March, it was purchased by rival Swiss bank, UBS, in an emergency sale brokered by Swiss banking regulators. SVB is the second-largest bank failure in U.S. bank failures. Outside of the U.S., the 167-year-old Swiss bank, Credit Suisse, also suffered a crisis of confidence.

Banking 52

Banking Bank Investment Economics 52

The TRADE

JANUARY 18, 2024

If the order is routed through a floor broker, they can source liquidity, manage the order and get true price discovery. When brokers are facing off with a whole crowd full of highly capitalised traders, they can work the order a bit better, control the execution and have more effective price discovery.”

Trading 130

Trading Electronics S&P Broker 130

The TRADE

APRIL 30, 2024

These regulations have significantly impacted the operations and behaviour of financial institutions, contributing to greater stability, transparency, and accountability in global financial markets. By promoting transparency and accountability, Emir aims to help enhance market integrity and investor confidence.

Financial Institution 69

Financial Institution Financial Market Risk Management Banking 69

Growth Business

AUGUST 22, 2023

There were a record-breaking 85 new tech unicorns created in Europe in 2021, and the UK is at the epicentre with 44. Now, the company boasts 18 million users, offering bank accounts, overseas transfers, crypto exchange and features like early salary payments – supporting over 30 in-app currencies. How many unicorns are there in the UK?

Insurance 52

Insurance Banking Bank Funds 52

Focus Investment Banking

JANUARY 27, 2025

But we started with those two and that was, like I said, May 2020-2021. Is having that back office support with accounting and HR is I think it’s instrumental to when you go to a certain size. You know, our attorneys, our accountants were great. But it was, you know, there was a lot of trial and error.

M&A 52

M&A IT Book-building Business 52

The TRADE

FEBRUARY 25, 2025

A shrinking number of brokers are accounting for over half of trading activity in Europe, a new report by Coalition Greenwich has found. Around 20% of trading activity is executed with the top broker, while 60% is executed with the top five brokers, Coalition Greenwich has suggested.

Broker 59

Broker Equities Electronics Trading 59

The TRADE

DECEMBER 12, 2024

According BMLL Technologies data, bilateral trading accounted for 35% of overall notional traded as of November 2024, including request for quote (RFQ), off-book on-exchange, over the counter (OTC) and SI volumes both above and below the large in scale (LiS) threshold. This marks a 12% increase since January 2021. Asks Canwell.

Book-building 52

Book-building Trading Electronics IT 52