The TRADE

JANUARY 8, 2025

UPDATED : The consolidated tape joint venture by pan-European equity exchanges Aquis Exchange and Cboe Global Markets has been disbanded as the pair confirm their decision to step away. Read more: Will the European equities tape tender process end up as a one-horse race?

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Equities Trading Economics IT 52

The TRADE

OCTOBER 1, 2024

The European Securities and Markets Authority (ESMA) has confirmed that the selection procedure for the bond CTP will begin on 3 January with a decision made by early July 2025, six months after the launch. The CTP for shares and exchange traded funds ETFs will initiate in June 2025 with plans for a decision on by the end of 2025.

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Funds Equities Trading Shares 59

The TRADE

NOVEMBER 27, 2024

Whit Conary, Steve Miele Steve Miele, who currently serves as chief strategy officer, has been appointed new chief executive officer of Kezar Marekts, effective 1 January 2025. Elsewhere in his career, Miele held trading and financial services positions at organisations such as Fidelity Capital Markets and the Boston Stock Exchange.

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The TRADE

JANUARY 14, 2025

UK asset manager Liontrust Asset Management is exploring outsourcing parts of its trading to BNY, according to an update released this morning. Liontrust and BNY declined to comment when reached out to by The TRADE. Liontrusts multi-asset desk was also nominated for the Multi-Asset Trading Desk of the Year at Leaders in Trading 2024.

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Trading Asset Management Management Collaboration 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.

Trading 72

Trading Shares Sale Equities 72

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

DECEMBER 29, 2023

Adam Gould, head of equities, Tradeweb Fixed income ETFs have continued to prove their worth as an extremely flexible product for investors. They’ve Steve Toland, co-founder, TransFICC Over the past few years automated trading has grown slowly in fixed income, but we expect 2024 to be the year when this really accelerates.

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Trading Investors Risk Assessment Management 72

The TRADE

MARCH 21, 2024

The European Securities and Markets Authority (ESMA) has released findings from an industry-wide settlement cycle consultation, presenting various viewpoints on exchange trading hours in the context of a shift to T+1. The possibility of extending market hours is something participants have expressed concern over in recent years.

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The TRADE

JULY 18, 2024

The Green Impact Exchange (GIX) is on track to becoming the first sustainability-focused securities exchange in the US to file with the US Securities and Exchange Commission (SEC), and if approved, could begin operations in early 2025. It means your company is sincere in its motivation to follow through on those promises.

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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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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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The TRADE

OCTOBER 29, 2024

Pan-European equity exchanges Aquis Exchange and Cboe Global Markets have today set out plans to launch a joint venture that will look to explore making a bid to provide the European consolidated tape. The post Aquis and Cboe to form joint venture intent on exploring consolidated tape bid appeared first on The TRADE.

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Equities Advisory Trading Government 69

The TRADE

JANUARY 22, 2025

What has your journey to the trading desk been like? I spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. My day may range from trading liquid US stocks to more illiquid European names.

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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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Consulting Equities Shares IT 115

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.

Trading 52

Trading Equities Collaboration IT 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

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

Global Newswire by Notified: M&A

MARCH 13, 2025

Evans & Evans), which indicates that in the opinion of Evans & Evans, the fair market value of the equity interests of Fort Products as of January 31, 2025, is between CAD 16.8 million (approximately US$11.6 million), on a controlling, marketable basis, subject to the assumptions and qualifications specified therein.

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Valuation Public Trading Mergers Mergers and Acquisitions 40

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 Financial Market Equities Trading 59

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

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

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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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 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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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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Trading Asset Management Management Securities 64

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

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

Focus Investment Banking

JANUARY 10, 2025

I hope 2024 treated you and yours incredibly well, and I’m looking forward to an even better year in 2025. The focus of the collision vision in 2025 is to double down on the most important and timely topics in the collision repair business and to triple or even quadruple down on offering actionable insights for your business.

Private Equity 52

Private Equity Mergers and Acquisitions M&A Equities 52

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

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

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

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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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

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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Focus Investment Banking

JANUARY 17, 2025

After college and a foray into investment banking, Strandberg joined the family business, and remained with it after it was acquired by a private equity group. For the example, Strandberg used The Boyd Group , which owns Gerber Collision & Glass , as its a publicly traded company. It’s an industry I love, Strandberg said.

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Private Equity Equities Mergers and Acquisitions Business 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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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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