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SPAC Trend Gives Rise to Securities Enforcement and Litigation Risks

Cooley M&A

A SPAC is a publicly traded shell company with no underlying operating business that seeks to merge with a target operating company. SPACs are predicted to be an even higher percentage of the 2021 market share, with SPACs representing 79% of the January IPOs. Why it matters.

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The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?

The TRADE

There are some very powerful, well-entrenched special interests who will rightfully see this as a direct attack on their business models. According to 606 reports gathered by the SEC, Citadel Securities forked out $2.6 billion and Virtu which spent $654 million in the same period. What happens next?

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

The TRADE

Implemented in 2021, EMIR has since impacted the financial landscape through the imposition of strict requirements on over-the-counter (OTC) derivatives transactions. Its impact on the financial market has been wide-ranging, altering banks’ trading strategies, market liquidity, and overall financial market structure.