The TRADE

SEPTEMBER 21, 2023

As a result, in 2023, asset managers are consuming increasingly more from their core bulge bracket providers as they aim to be cost efficient and manage budgets in what has turned out to be a challenging market environment for active managers. since 2022 – now at 54.6%. decrease under the same parameters.

Asset Management 59

Asset Management Bulge Bracket Management Broker 59

The TRADE

JULY 3, 2023

To resolve the disconnect in approaches, in its 2017 no-action letter to SIFMA, the SEC advised that it would not recommend enforcement action to broker-dealers accepting cash payments for research from investment managers which are required by Mifid II to pay for research from its own money as opposed to client commissions or ‘soft dollars’.

Bulge Bracket 52

Bulge Bracket Asset Management Broker Trading 52

The TRADE

OCTOBER 18, 2024

Data from Convergence tracking the top 25 prime brokers showed their market share grew from 83.3% The bank also highlights to us how “as a global multi-asset class prime broker, we are structured to deliver the widest range of services regardless of strategy type or product complexity”. in April 2023, to 92% in 2024.

Funds 69

Funds Broker Bank Banking 69

The TRADE

MAY 24, 2024

That is something that the mid and smaller brokers can access relative to the bulge bracket who don’t really see that as an important USP for the business right now. It’s pushing high touch and marginalised brokers into a smaller section of the market. The path of travel is very clear.

Bulge Bracket 52

Bulge Bracket Electronics Retail Trading 52

The TRADE

OCTOBER 9, 2024

Given the liquidity landscape can often be more sparse or difficult to navigate, the use of local brokers alongside the bulge brackets is something Willis thinks is essential to minimise market footprint. But sometimes you want to go to the road less trodden, and that’s when you make use of local brokers,” he says. “My

Trading 59

Trading Bulge Bracket Asset Management Bank 59

The TRADE

OCTOBER 24, 2024

Usually hosted by bulge bracket banks, SIs are an internalising mechanism that allow banks to execute flow over the counter or off exchange. In years gone by, buy-side firms have placed orders via a sell-side broker to be traded on exchange. TCA can be done in-house but is also offered by third party providers.

Trading 120

Trading Investors IT S&P 120