JD Supra: Mergers

SEPTEMBER 6, 2024

In October 2020 and 2021, the FCC adopted a pair of Orders to streamline the processing of applications involving “reportable” foreign ownership that are referred to the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector—commonly known as “Team Telecom.”

Telecommunication 163

Telecommunication Trading Securities 163

The TRADE

AUGUST 30, 2023

Union Investment’s Christoph Hock is set to step away from his role as head of multi-asset trading later this year to pursue an opportunity in digital assets and tokenisation within the asset management firm, The TRADE can reveal. Union is bolstering its digital assets division, The TRADE understands.

Trading 105

Trading Asset Management Management Portfolio Management 105

The TRADE

MARCH 26, 2024

Leveraged loan trading revenue topped $900 million in 2023, up 16% from 2021 and 29% from 2022, a new report from Coalition Greenwich has found. Execution quality was the key priority when choosing a dealer counterparty, with 48% of buy-side leveraged loan trading volume allocated to dealers based on the execution quality.

Trading 122

Trading Investors Asset Management Management 122

JD Supra: Mergers

JANUARY 4, 2024

The Federal Trade Commission (FTC) and the U.S. Covering the time period from October 1, 2021 through September 30, 2022, the Report provides data on the Agencies’ activities in connection with the premerger notification program established under the Hart-Scott-Rodino-Antitrust Improvements Act of 1976, as amended (the HSR Act).

Trading 169

Trading 169

The TRADE

FEBRUARY 29, 2024

The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2023, with considerable improvement across data and analytics, capital markets, and in particular, post-trade. LSEG labelled 2023 an “outstanding” year for post-trade, having seen significant strategic progress. rise year-on-year as compared to 2022.

Trading 113

Trading Acquisitions Capital Market Book-building 113

PE Hub

JANUARY 9, 2024

SVP has owned 60 percent of IPC since 2021. The post SVP acquires complete ownership of trading communications tech firm IPC appeared first on PE Hub.

Trading 79

Trading 79

CNBC: Investing

MAY 30, 2024

The Russell 2000 has gone more than 600 trading days without a record high, dating back to November 2021. Interest rates and earnings growth are key factors.

Trading 114

Trading 114

The TRADE

SEPTEMBER 8, 2023

In May, the quarterly Acuiti Avelacom survey found that around 50% of prop trading firms were considering moving operations out of European markets due to complexity around the Investment Firms Prudential Regime (IFRD). Both the US and Switzerland were popular amongst lower latency trading firms, said Acuiti.

Trading 110

Trading Proprietary Trading Profitability Government 110

The New York Times: Banking

JANUARY 12, 2024

Federal prosecutors found at least one employee at the Wall Street firm had committed deceptive practices in handling trades of large blocks of stock from 2018 to 2021.

Trading 74

Trading Stock Financial Institution Securities 74

JD Supra: Mergers

JULY 27, 2023

On July 19, the Federal Trade Commission (“FTC”) and the Department of Justice (“DOJ”) (collectively, the “Agencies”) published Draft Merger Guidelines. By: Mintz

Mergers 130

Mergers Trading 130

The TRADE

OCTOBER 21, 2024

The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2024. The winner will be decided by a live industry vote at The TRADE’s Leaders in Trading gala awards night on 7 November at The Savoy. Congratulations to this year’s shortlisted nominees!

Trading 98

Trading Financial Market Equities Advisory 98

The TRADE

JANUARY 30, 2024

Electronic trading platforms captured almost a third (32%) of overall Canadian equity trading volume in 2023, with this share expected to rise in the next three years, a new report by Coalition Greenwich has found. As a result, electronic and/or algorithmic trading has seen usage increase.

Equities 80

Equities Trading Electronics Asset Management 80

JD Supra: Mergers

JULY 27, 2023

On July 19, 2023, the Department of Justice (DOJ) and the Federal Trade Commission (FTC) issued a draft version of new Merger Guidelines (Merger Guidelines), which would replace the 2010 Horizontal Merger Guidelines and the 2020 Vertical Merger Guidelines (the latter were rescinded by the FTC in September 2021).

Mergers 130

Mergers Mergers and Acquisitions Trading Acquisitions 130

The TRADE

APRIL 29, 2024

David Wright has been named head of FX trading and distribution at MUFG after three years with the business. He joined the bank in 2021 as global head of e-FX having and previously served as a strategic transformation consultant at State Street.

Trading 64

Trading Collaboration Consulting Bank 64

The TRADE

JUNE 11, 2024

Investment data management solutions provider FINBOURNE Technology has expanded its integration with Taskize to enhance post-trade operational efficiency. The development builds on top of the initial integration of Taskize into FINBOURNE’s LUSID platform in 2021.

Trading 64

Trading Book-building Asset Management Management 64

The TRADE

NOVEMBER 25, 2024

Vikesh Patel With this approval, the pan-European clearing house will introduce a service for European SFT transactions in cash equities and ETFs, which includes central clearing, settlement and post-trade lifecycle management. In Europe, there have been multiple failed attempts to successfully introduce and maintain SFT clearing.

Finance 69

Finance Finance Securities Trading 69

The TRADE

JUNE 17, 2024

Cross asset market maker IMC has become the latest trading participant to join Cboe Europe Derivatives (CEDX). CEDX came to market in 2021, officially launching with a futures and options trading offering. The exchange launched single stock options trading in November last year.

Trading 64

Trading Equities Broker Stock 64

The TRADE

NOVEMBER 9, 2023

Find previous years’ recognised shortlists here: 2022 –  2021  –  2020  –  2019  –  2018  –  2017  –  2016  –  2015. Congratulations to all the winners below.

Trading 59

Trading Asset Management Investment Manager Equities 59

TechCrunch: M&A

JULY 17, 2023

Nano has destroyed significant value and trades at negative firm value,” the company writes. While a new director joined the Board in 2020, he was ousted barely a year later in 2021 following some self-serving corporate governance maneuvers geared at maintaining the underperforming status quo and the mummified Board’s grip on power.

Acquisitions 233

Acquisitions Mergers and Acquisitions Entertainment Manufacturing 233

The TRADE

MAY 22, 2024

Milan Galik Interactive Brokers has become a direct trading participant on CEDX and a direct clearing participant for equity derivatives on Cboe’s pan-European clearing house and CEDX’s clearing provider, Cboe Clear Europe. “We In November last year, CEDX expanded into equity options, with future expansion of these products in Q1 2024.

Broker 64

Broker Trading Equities Collaboration 64

The TRADE

NOVEMBER 7, 2023

Toronto-based stock exchange TMX Group has launched a new platform designed to optimise the trading of Canadian equities. TMX Group confirmed the new order types were designed to optimise trading execution by “dynamically adjusting” to market conditions. In 2021, Cboe created a new block trading platform in the region.

Equities 64

Equities Trading Stock 64

The TRADE

JUNE 1, 2023

Polar Capital’s head of trading Alex Jenkins has left the boutique hedge fund to join rival Millennium, The TRADE can reveal. Jenkins has been head of trading at Polar Capital for three and a half years, joining in 2019 after serving with Highbridge Capital Management for five years as its head of European trading.

Trading 59

Trading Funds Boutique Capital 59

The TRADE

JUNE 4, 2024

UBS has selected one of its newly acquired Credit Suisse staff to replace its retiring global head of execution services, Brent Johnson, according to an internal memo seen by The TRADE. He began his trading career at UBS in Hong Kong. He took up the role on an interim basis in March.

Equities 98

Equities Trading Bank Banking 98

The TRADE

OCTOBER 24, 2023

ION subsidiary LIST has completed phase two of the migration of its Borsa Italiana clients onto Euronext’s Optiq technology trading platform. LIST’s FastTrade solution is fully customisable and offers improved trading capabilities, developed to handle the migration of Italian bond markets managed Borsa Italiana to Euronext’s Optiq technology.

Trading 64

Trading Telecommunication Equities Investors 64

The TRADE

JUNE 26, 2024

Terry Duffy The plan is to build a new private Google Cloud region to support CME Group’s global trading, offering derivatives traders access to “cloud-based, ultra-low-latency networking and high-performance computing”. Recent times have seen a swathe of investments from major cloud providers into leading exchanges.

Capital Market 119

Capital Market Collaboration Trading Capital 119

The TRADE

MARCH 27, 2024

The European Commission has rushed to implement a last minute draft revision to its Mifir text to plug a dark trading loophole caused by a clerical error. Following the changes, dark trading market share increased modestly and then plateaued much like the activity seen in the US which does not use caps also.

Trading 72

Trading Shares Sale Equities 72

The TRADE

MARCH 1, 2024

Aquis Exchange is set to begin charging its trading members for non-displayed market data feeds for the first time since its inception almost 11 years ago. Non-display and terminal fees are now applicable to trading members, the notice confirmed. Trading fees, subscriptions, and message tiers remain unchanged, The TRADE understands.

Trading 119

Trading Proprietary Trading Broker IT 119

The TRADE

JUNE 28, 2024

The TRADE is pleased to announce a new certified climate project for 2024, supporting woodland conservation as part of our continued commitment to eco-friendly production and sustainable printing. As well as contributing to the financing of the certified climate project , The TRADE additionally supports tree planting in the UK.

Trading 59

Trading Manufacturing Finance Finance 59

TechCrunch: M&A

AUGUST 18, 2023

In the years that followed, Boxed reportedly rejected a $400 million buyout offer from grocer Kroger in 2018, then later partnered with one of Asia’s largest retailers (Aeon) in 2021 for an expansion. At the time, Boxed had more than 7 million registered users and reported it was close to profitability.

Mergers and Acquisitions 202

Mergers and Acquisitions Retail Food Acquisitions 202

The TRADE

OCTOBER 9, 2024

The London-based trading team at Ninety One has a very particular set of skills. The active investment manager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. She joined Ninety One in 2021 from Royal London Asset Management where she had been head of dealing for three years.

Trading 59

Trading Bulge Bracket Asset Management Bank 59

The TRADE

JUNE 13, 2023

BlackRock has promoted from within for its new head of European credit trading, according to an update on social media. Dean Catton has been selected to take the helm for the asset manager’s European credit business after spending the last two years as its head of European leveraged finance trading for its alternatives business.

Trading 52

Trading Risk Management Asset Management Media 52

The TRADE

DECEMBER 15, 2023

According to data from ESMA, fails peaked at around 12% of total settlement instructions in May/June 2021, and again spiked following the introduction of CSDR’s Settlement Discipline Regime in February 2022, which introduced penalties for late or failed trades.

Consulting 145

Consulting Trading Economics Accountant 145

The TRADE

FEBRUARY 29, 2024

At the peak of the market volatility in 2021, the research found the industry had spent $161.63 The post Best part of a trillion dollars pumped into settlement penalties and resolution measures over past decade, finds research appeared first on The TRADE. As an industry, we’re only as strong as our weakest link.

Trading 145

Trading Consulting Equities Securities 145

The TRADE

JULY 17, 2024

Citi has named a new head of electronic equity sales trading for the EMEA region, The TRADE can reveal. Jamie Miller Based in London, Jamie Miller has been appointed to head up the division in EMEA after eight and a half years as an employee of the bank, specialising in equity sales trading, according to an update on his social media.

Electronics 52

Electronics Sale Equities Trading 52

TechCrunch: M&A

AUGUST 2, 2023

Coming off of a huge couple of years of business during the pandemic, in 2021, it was valued at nearly $7.7 Hopin has not raised any further money since 2021, and between then and now it has gone through multiple rounds of layoffs affecting hundreds of employees. Its customer list features Slack, VMware, UPS, Pepsi and many more.

Business 223

Business Valuation IT Acquisitions 223

The TRADE

JUNE 1, 2023

Market structure changes in the Euro investment grade (IG) markets and new drivers of liquidity are evolving buy-side trading styles, a whitepaper by Flow Traders has found. The percentage of trades within this ticket size increased to 29% last year, up from 23% in 2018. million and 2.5

Trading 64

Trading Investment Electronics Broker 64

Cooley M&A

FEBRUARY 1, 2021

for 2021, based on the change in the US gross national product (GNP) during 2020. The publication is expected to happen on February 2, 2021, and the new thresholds should therefore go into effect on March 4, 2021. These thresholds took effect on January 21, 2021, upon publication in the Federal Register.

Mergers and Acquisitions 40

Mergers and Acquisitions Corporation Acquisitions Sale 40