The TRADE

JULY 3, 2024

The shift to T+1 in the US can largely be described as a success – affirmation rates remain comfortably high, fail rates have stayed reasonably low and FX trades don’t appear to have shifted to bilateral settlement as feared. Depending on the day of the week or the settlement cycle used it’ll be more expensive to trade.”

Trading 59

Trading Broker Funds Investment Manager 59

The TRADE

JULY 23, 2024

The first step is a prerequisite to the second and will involve all trades being confirmed/allocated “as soon as practicable and no later than on trade date”. The UK put together a taskforce in 2022, releasing its first report in March this year which confirmed that the UK should move to T+1 no later than December 2027.

Trading 64

Trading Broker Funds IT 64

The TRADE

FEBRUARY 9, 2024

What are the costs associated with opening a North American FX trading desk? Each trader will need a terminal depending on the trading platform being used, which carries a considerable cost. All of that is the bare minimum set up and the cost of those items are necessary when considering opening a trading desk.

Asset Management 64

Asset Management Trading Management Accountant 64

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.

Trading 64

Trading Asset Management Management Securities 64

Mergers and Inquisitions

MAY 3, 2023

If you think about a standard DCF, metrics like Unlevered Free Cash Flow and Levered Free Cash Flow are a bit “imaginary” – because no company distributes them to its investors. People tend to ignore this trade-off between Payouts, Growth, and Cash Retention and blindly assume Dividends based on dividend-per-share or EPS figures.

Valuation 64

Valuation DCF Debt Financial Models 64

Cooley M&A

JANUARY 25, 2024

Ongoing and renewed armed conflict and climate and energy risks had far-reaching impacts, not only affecting national security, global stability and public debate, but also dampening investor sentiment and generally quieting dealmaking in the aggregate. trillion) and an unprecedented stockpile of exit deals in the pipeline.

M&A 52

M&A Mergers and Acquisitions Government Investment 52