The TRADE

DECEMBER 27, 2023

Marex to acquire Cowen’s prime brokerage and outsourced trading business from TD At number ten was a story broken by The TRADE in September, news that Cowen’s prime brokerage and outsourced trading business had been acquired by Marex just six months after TD completed its purchase of the business.

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The TRADE

APRIL 29, 2024

The new desk is Investec’s first low touch offering based in London and comes off the back of increased client demand, The TRADE understands. Lowres joins Investec as head of electronic trading and execution strategy after almost 17 years with Liberum. Alongside him, Matthew West joins Investec as a global electronic sales trader.

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The TRADE

DECEMBER 1, 2023

Justin Llewellyn-Jones, head of capital markets, North America (equities, FX and derivatives) and chief product officer for capital markets at fintech firm Broadridge has announced his departure after more than four years with the business. The post Broadridge capital markets head to depart appeared first on The TRADE.

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The TRADE

JANUARY 10, 2025

The acquisition comes as part of MetLifes strategy to accelerate growth in asset management and MIMs efforts to expand offerings and channels, alongside adding higher yield capabilities. This includes the strategies expected to be added through the announced acquisition of PineBridge Investments.

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The TRADE

AUGUST 1, 2024

The London Stock Exchange Group (LSEG) achieved a strong H1 according to results released on Thursday, with growth across capital markets, data and analytics, post-trade and its index business. “We In April, Tradeweb announced the acquisition of ICD, a cash management platform for corporate treasurers.

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The TRADE

AUGUST 3, 2023

The London Stock Exchange Group (LSEG) has reported positive first half results on the back of strong growth in its data and analytics and post-trade divisions. Total income grew to £4 billion, marking an 8% increase in comparison with H1 results from 2022, largely thanks to an “outstanding” 19% growth in post-trade revenues.

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Global Newswire by Notified: M&A

AUGUST 23, 2023

OTCQB: SNWV) has entered into a definitive merger agreement with SEP Acquisition Corp. Upon closing, the combined company is expected to trade on the Nasdaq Capital Market under the symbol “SNWV”. · SANUWAVE Health Inc. Nasdaq: SEPA).

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Global Newswire by Notified: M&A

SEPTEMBER 20, 2023

20, 2023 (GLOBE NEWSWIRE) -- Nocturne Acquisition Corporation (NASDAQ:MBTC, MBTCU, MBTCR) ("Nocturne") and Cognos Therapeutics, Inc. This strategic move marks Cognos's journey towards becoming a publicly traded company on the NASDAQ Stock Exchange. WILMINGTON, Del. and INGLEWOOD, Calif.,

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The TRADE

SEPTEMBER 22, 2023

Cowen’s prime brokerage and outsourced trading business has been acquired by Marex just six months after TD completed its purchase of the business. Following the acquisition, both businesses will continue to be led by Jack Seibald and Michael Rosen. TD Bank Group completed its all-cash $1.3

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The TRADE

MARCH 11, 2024

BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses. Gould joined BNY Mellon after three years at RBC Capital Markets where she previously served as co-head of equities electronic sales and trading.

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Mergers and Inquisitions

OCTOBER 18, 2023

Even though we’ve covered industry groups vs. product groups and teams such as M&A , ECM , DCM , and Leveraged Finance , we continue to get questions about capital markets vs. investment banking. The questions usually go like this: Are capital markets teams (ECM, DCM, and LevFin) “real” investment banking?

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The TRADE

DECEMBER 13, 2023

Trading Technologies International (TT) has unveiled two new dedicated business lines, TT Compliance and TT Quantitative Trading Solutions (QTS), to fuel growth for 2024 across asset classes. The post Trading Technologies launches two business lines to support company’s expansion into new asset classes appeared first on The TRADE.

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Global Newswire by Notified: M&A

AUGUST 17, 2023

(“Able View,” or the “Company”), one of the largest comprehensive brand management partners of international beauty and personal care brands in China, today announced that it has completed its previously announced business combination with Hainan Manaslu Acquisition Corp. Upon the closing of the business combination, HMAC and Able View Inc.

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The TRADE

OCTOBER 13, 2023

Deutsche Bank has completed the acquisition of institutional broker Numis and has unveiled a new offering to be known as ‘Deutsche Numis’. The transaction – first reported on back in April – was previously valued at £410 million according to documents seen by The TRADE.

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The TRADE

AUGUST 7, 2024

Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capital markets for decades in some form or another. However, an undeniable surge has occurred across the trading sphere over the last few years, with decidedly mixed results. And the number is climbing.

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Global Newswire by Notified: M&A

FEBRUARY 14, 2024

14, 2024 (GLOBE NEWSWIRE) -- Breeze Holdings Acquisition Corp. Nasdaq: BREZ) (“Breeze Holdings”), a publicly traded special purpose acquisition company, and TV Ammo, Inc., IRVING, Texas and GARLAND, Texas, Feb.

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The TRADE

FEBRUARY 2, 2024

Following this, Winterflood cut twenty positions across its London office, including six traders, as revealed by The TRADE. Just prior to this news, two other traders, Ben Ralph-Davies and Joel Russell also left Winterflood’s London business to join rival market maker Shore Capital, according to sources.

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Cooley M&A

JANUARY 19, 2023

The Inflation Reduction Act imposes a 1% excise tax on certain repurchases of stock of publicly traded US corporations (“Covered Corporations”) effected after December 31, 2022 (the “Excise Tax”). [1] This post highlights key guidance from the Notice as it relates to common M&A and capital market transactions.

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The TRADE

MARCH 8, 2024

Leithner has been a member of the executive board of Deutsche Börse AG since 2018, responsible for pre- & post-trading. During that time, he has overseen the acquisition of SimCorp and Axioma, among other initiatives such as a 10-year partnership with Google Cloud. The two will operate as co-CEOs until the end of the year.

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M&A Leadership Council

FEBRUARY 27, 2024

The Art of M&A® / Strategy An excerpt from The Art of M&A, Sixth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux Research shows that a significant percentage of acquisitions “fail” in some way. Sometimes an acquisition is the right strategic choice, and other times this would be the wrong move.

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Global Newswire by Notified: M&A

NOVEMBER 27, 2024

27, 2024 (GLOBE NEWSWIRE) -- Real Messenger Holdings Limited (“Real Messenger” or the “Company”), an innovative chat-based platform reimagining real estate connections, and Nova Vision Acquisition Corp. COSTA MESA, Calif.,

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The TRADE

OCTOBER 12, 2023

UK-based Marex has joined the Australian Securities Exchange (ASX) as futures clearing and trading participant with the move slated to increase competition within the currently heavily concentrated market. The post Australian Securities Exchange welcomes Marex as futures clearing participant appeared first on The TRADE.

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How2Exit

MAY 22, 2023

Walker Diebold, bestselling author of “Buy Then Build: How to Acquisitions Entrepreneurs Outsmart the Startup Game,” experienced the stock market firsthand as a stockbroker and learned valuable lessons from his experiences. Walker began his career as a stockbroker, advising clients on asset allocation and executing trades.

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The TRADE

DECEMBER 4, 2023

Sparacino has an extensive career in options trading after also previously in senior sales and options roles for four years at Dash Financial Technologies and six and a half years at ConvergEx Group. The post People Moves Monday: Matrix Executions, Broadridge and CLSA appeared first on The TRADE.

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The TRADE

AUGUST 15, 2023

Smith brings more than 30 years’ experience in the capital markets sector to the role, having worked in various exchanges and regulators, alongside helping develop market and industry standards. The post Clear Street names new chief executive of futures clearing business appeared first on The TRADE.

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The TRADE

SEPTEMBER 13, 2024

StoneX has moved to increase its remit and geographical reach through the acquisition of fixed income broker Octo Finances SA. It specialises in bond and convertible sales, debt capital markets and credit research. The post StoneX to acquire fixed income broker Octo Finances appeared first on The TRADE.

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The TRADE

DECEMBER 11, 2023

Albon has been appointed associate director, senior sales for EMEA electronic trading and program trading, set to join the firm in February next year. She will report to global head of electronic trading and distribution, Jason Rand. She began her career at Newedge in a cash equity trading and sales role.

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The TRADE

JANUARY 4, 2024

The firm’s most recent report refers to previous research in its ‘data automation: the workflow efficiency game-changer’ studywhich found that less than one third of those surveyed believed that capital markets professionals are prepared for the T+1 go-live date. Reducing counterparty risk for swaps contracts is a no-brainer.

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The TRADE

JUNE 6, 2023

David Tamburelli, global head of content acquisition at Bloomberg, highlighted how important BSE is within Chinese financial markets and praised the progress it has facilitated through increased transparency of operations and contributing to the increase in the number of listed companies and supporting data.

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The TRADE

JULY 15, 2024

Rikki Corbyn left State Street Global Advisors (SSGA) following 11 and a half years with the firm, The TRADE learnt. Following his departure he is set to join Barclays Capital. Prior to his time at SSGA, Corbyn held settlement-related roles at Credit Suisse, Citigroup, and Barclays Capital.

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The TRADE

JULY 31, 2023

Invesco’s US-based global head of fixed income trading Glenn Taitz left the firm to join Adroit Trading Technologies. Taitz joined buy-side OEMS provider Adroit as its head of business operations after seven and a half years with Invesco helming its fixed income trading business. He was also at Merrill Lynch for eight years.

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The TRADE

SEPTEMBER 15, 2023

BRx Match simplifies data acquisition and transformation challenges alongside providing core sets of matching rules for a range of common reconciliations. Following the acquisition of the data, a range of matching engines can be utilised to obtain the optimum output.

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The TRADE

NOVEMBER 30, 2023

Read more: Euronext continues investment in clearing business with 50 new hires As of the 27 November, Euronext Clearing now clears: equities, ETFs, structured products, warrants, and bonds across six Euronext markets and the new development will contribute to reducing fragmentation in European capital markets.

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The Deal

DECEMBER 19, 2023

“A profound change we have seen in the capital markets over the past few years has been the rise in interest rates, rising cost of capital, and what that’s led to is corporate boards and management teams reassessing effectively what they are the optimal owners of,” Dubner said. KVUE), in May.

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The Harvard Law School Forum

JUNE 15, 2023

Section 7 of the Clayton Act prohibits mergers and acquisitions where “the effect may be substantially to lessen competition, or to tend to create a monopoly.” The “competition” test of section 7 envisions an ideal of markets in which multiple firms compete for the business of trading partners.

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The TRADE

APRIL 26, 2024

Head of execution strategy and an electronic sales trader at Liberum are set to up sticks to join Investec, The TRADE can reveal. The new desk is Investec’s first low touch offering based in London and comes off the back of increased client demand, The TRADE understands. Liberum declined to comment on the moves.

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The TRADE

JANUARY 8, 2024

We live in times where black swan events are becoming more and more pigeon-like in their frequency, and macroeconomic and socio-political turmoil has continued to pose a threat to markets and institutions globally. In depth: Algorithmic trading: Smarter than ever?

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