The TRADE

JULY 25, 2024

Turquoise and Plato Partnership have made the decision to bring their commercial relationship to a close in 2025. The deal brought the newly rebranded Turquoise Plato to market with the aim of developing efficiencies in the European equities block trading space. The pair have been in partnership since 2016.

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Trading Equities Collaboration IT 52

The TRADE

JULY 8, 2024

Cboe Europe has confirmed plans for the launch of its new volume weighted average price (VWAP) crossing service for equities at the end of this year. Natan Tiefenbrun It will utilise BIDS’ conditional trade negotiation and execution workflow to match orders based on a standard and exchange-regulated VWAP methodology.

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Broker Trading Equities IT 105

The TRADE

JUNE 5, 2024

First reported by Wall Street Journal, TXSE is aiming for a launch at the start of 2025 and host its first listing in 2026. The TRADE understands that BlackRock has taken a minority investment. The post BlackRock and Citadel Securities back new Texas-based challenger exchange appeared first on The TRADE.

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Securities Investors Capital Raising Financial Institution 111

The TRADE

MAY 15, 2024

The Colombo Stock Exchange (CSE) of Sri Lanka has announced its decision to shorten its current settlement cycle from T+3 to T+2 for all equity transactions, a move aimed at aligning with international standards. The post Sri Lanka to cut settlement cycle from T+3 to T+2 in June appeared first on The TRADE.

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Stock Equities Financial Market Trading 59

The TRADE

SEPTEMBER 27, 2024

A full copy of the report can be found here. The post UK T+1 taskforce publishes recommendations ahead of proposed 2027 switch appeared first on The TRADE.

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Consulting Trading Finance Finance 64

The TRADE

SEPTEMBER 23, 2024

The additional minimum pricing increment or ‘tick size’ will apply to the quoting of certain NMS stocks, while the reduction in access fee caps will be linked to protected quotations of trading centres. The reforms we adopted will help promote greater transparency, competition, fairness, and efficiency in our $55 trillion equity markets.

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Stock Trading Shares Investors 75

The TRADE

SEPTEMBER 19, 2024

Oaktree Capital Management has agreed to acquire Close Brothers Asset Management (CBAM) – the wealth management arm of Close Brothers – for an equity value of up to £200 million, set to be completed in early 2025 pending customary regulatory approvals.

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Asset Management Management Mergers and Acquisitions Business 59

OfficeHours

OCTOBER 23, 2023

However, for private equity investors, this uncertainty represents a unique opportunity to take advantage of investment opportunities in public markets. A “take-private” transaction in the context of private equity is a process by which a PE firm acquires a publicly listed company and converts it into a privately held entity.

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Investors Private Equity Equities Investment 130

The TRADE

JUNE 21, 2024

The current timeline for the UK appears to include a plan being put in place in 2025 with the implementation of a T+1 settlement cycle in UK occurring no later than 31 December 2027. When we proposed the rule in February 2022, only about two-thirds (68%) of transactions were being affirmed on trade day.

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The TRADE

JULY 27, 2023

The bank also noted an overall decrease in equity market revenues – citing a “lacklustre environment” during the quarter. decrease, while equity and prime services saw a fall of 3% – demonstrating better resiliency in the face of the dip in client activity. Revenue for the corporate and institutional banking area were down 2.3%

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Banking Bank Financial Institution Corporation 98

The TRADE

JUNE 26, 2023

You will free up capital, balance sheet optimisation and effectively have more opportunities for trading in the market and it will come with the additional benefits of compression of margin, netting etc.” Subject to regulatory approvals the service is aiming to launch in September this year.

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Finance Finance Securities IT 59

The TRADE

JULY 26, 2023

Net revenue for ‘fixed income, currency (FIC) sales and trading’ within the investment bank fell by 9% compared to the second quarter in 2022. Equities AuM remained consistent at 12%, unchanged since last year. Our planned share repurchases enable us to deliver on our goals to distribute capital to our shareholders.

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Profitability Banking Bank Investment Banking 52

Successful Acquisitions

AUGUST 30, 2023

They all have Stockpile online trading accounts and have learned the benefits of dollar cost averaging. Prior to my son heading off to begin college, he asked if he could transfer a position of his savings to the electronic trading platform Robinhood for what he dubbed, “investment purposes.”

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Accountant Media Shares Investment 52

Solganick & Co.

APRIL 24, 2024

Solganick expects M&A deals to increase in the technology services sector for the remainder of 2024 and continuing into 2025. Financial buyers, particularly private equity firms, have kept M&A volume afloat in the systems integration sector, accounting for 57.1% of all transactions through YTD.

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Mergers Mergers and Acquisitions M&A Consulting 52

The TRADE

MAY 30, 2024

The European Securities Markets Authority (ESMA) opened up its industry consultation on 23 May inviting participants to comment on how they expect the equities consolidated tape to be delivered. The start-up is now in the process of firming up its plans to make its official bid in 2025.

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Equities Consulting Trading IT 52

OfficeHours

JULY 11, 2023

Is It Possible That On-Cycle 2025 Is Around The Corner? Hey All — Rohit here and it’s been a busy couple of days – word has gotten out about Diversity Events at Megafunds already starting for On-Cycle 2025… needless to say we’ve been pretty swamped with inbounds and LOTS of calls happening.

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Investment Banking Banking Bank Middle Market 130

The TRADE

OCTOBER 7, 2024

Nasdaq is set to launch volume-based trajectory trading solution PureStream in Europe in Q1 2025, pending regulatory approval. PureStream on Nasdaq Europe will provide greater choice of trade execution mechanisms to our clients and help institutional investors navigate the European trading landscape.”

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Trading Investors Equities Capital Market 59

Software Equity Group

SEPTEMBER 17, 2024

Active business : The C Corp must use 80% or more of its assets to conduct a qualified trade or business. This flexibility is attractive to certain investors and can be beneficial when you wish to secure equity financing or sell your software business. Fortunately, software companies should qualify.

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The TRADE

DECEMBER 20, 2023

Yet, the evaluation for the CTP is only set to take place from Q1-Q3 2025, with the authorisation of this bond CTP not expected until Q4 2025 – a year on from the initial launch of the bond CTP selection. The post EU and UK regulators reveal updated plans for bond tape frameworks appeared first on The TRADE.

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The TRADE

JULY 17, 2024

Royal London Asset Management’s (RLAM) trading team is no stranger to change. 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. More recently though, RLAM’s trading team has undergone another revamp. It’s too broad.

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Asset Management Management Trading Equities 52

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.

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Trading Shares Sale Equities 72

The TRADE

OCTOBER 2, 2024

FlexTrade and Propellant Digital have collaborated on actionable pre-trade insights for T.Rowe Price’s fixed income trading teams. Firstly, the continued electronification in fixed income and the need to handle increasingly sophisticated data sets have seen desks needing technology to handle their bond trading activities efficiently.

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Trading Asset Management Collaboration M&A 59

Global Newswire by Notified: M&A

MAY 15, 2024

per share, to be paid to its pre-merger shareholders in January 2025 • Vastned Retail will declare and pay an interim dividend of EUR 1.70 per share, to be paid to its pre-merger shareholders in January 2025 • Vastned Retail will declare and pay an interim dividend of EUR 1.70 EUR 2.0 - 2.5 EUR 2.0 - 2.5 EUR 2.0 - 2.5

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The TRADE

MAY 23, 2024

Several European exchanges are well underway with plans to bring out offerings of this ilk in the next few months The TRADE understands, while a handful of US alternative trading systems (ATS) are also preparing to make the crossing over to the Bloc to replicate the progress they have achieved in the US.

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Trading Investors Broker IT 52

The TRADE

JANUARY 16, 2024

Currently, Mifir foresees three consolidated tapes for Europe, a bond CT – set to be operational by mid-2025, an equities tape set to be operational in early 2026, and a derivatives CT planned for later the same year.

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Capital Market Book-building Equities Trading 69

Global Newswire by Notified: M&A

MAY 15, 2024

per share, to be paid to its pre-merger shareholders in January 2025 • Vastned Retail will declare and pay an interim dividend of EUR 1.70 per share, to be paid to its pre-merger shareholders in January 2025 • Vastned Retail will declare and pay an interim dividend of EUR 1.70 EUR 2.0 - 2.5 EUR 2.0 - 2.5 EUR 2.0 - 2.5

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Retail Mergers Shares Debt 52

InvestmentBank.com

MAY 6, 2021

through 2025 (3PL), following a steep decline in 2020. The slowing of growth in the Chinese economy, the Biden administration’s trade policy, and growing global pressure from customers and regulators to act on emissions will also affect the expansion and performance of the industry in coming years.

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Economics Manufacturing Investment Capital 52