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LiquidityBook acquires Messer to boost multi-asset capabilities

The TRADE

LiquidityBook is set to acquire boutique capital markets fintech provider, Messer Financial Software, in a bid to accelerate its multi-asset capabilities. With regard to our buy-side clients, and especially newer or smaller funds, time and again we hear their need to shadow their fund admins or manage their own books and records.

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The prime brokerage pie is growing, which means bigger slices for everyone

The TRADE

Data from Convergence tracking the top 25 prime brokers showed their market share grew from 83.3% Goldman Sachs, Morgan Stanley and JP Morgan all increased their market share substantially, despite the former two seeing drops in the number of funds they have relationships with. in April 2023, to 92% in 2024.

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The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?

The TRADE

Certainly, there will be a lot of burden on broker dealers to adjust their routing and adding venues, but it’s not incredibly impactful.” A retail lightening rod Perhaps most divisive are the proposals set to fundamentally change the way the retail markets operate. billion and Virtu which spent $654 million in the same period.

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13 Concepts We Can Learn About Winning and Losing in Entrepreneurship on How2Exit's Interview W/Scott Duke

How2Exit

This will help to build trust between the buyer and the employees, and to ensure that the transition is successful. This will help to build trust between the employees and the new owner. By doing this, businesses can unlock private capital markets and ensure that their business is successful in the long-term.

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Goldman Sachs on equities execution: Tacking with the wind

The TRADE

“If I look at who the biggest players in the European markets were 10 years ago it’s very different to who they are today,” says Bobby Molavi, head of EMEA execution services and European primary distribution for equity capital markets at Goldman Sachs. When it comes to algos, VWAP is most dominant in the quantitative space.

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The relentless rise of retail trading: How can the institutional market join the dots to encourage investor access?

The TRADE

It’s in people’s DNA to invest in capital markets in the US. Donker added: “We [Euronext] are afraid that the CT will be used as a validation for executing retail on a systematic internaliser or on a dark pool and this will come to the detriment of the multi-lateral order book. Risk controls are important.

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Eyes on a new prize: How outsourced trading has taken off and why the attention is now turning to larger managers

The TRADE

The pandemic marked a seminal moment across the capital markets, effectively drawing a line between the old world and the new. Hedge fund launches now often choose outsourced trading over building their own capabilities. It’s a portal to markets to express their investment thesis.

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