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Simon Gallagher, chief executive, London and head of global sales, Euronext We think that the introduction of an anonymised, single-level pre- and post-trade consolidated tape will trigger innovations at trading venues. We see the entire post-trade space becoming more and more of a platform business. But we are seeing changes.
Nasdaq and the Indonesia Stock Exchange (IDX) have expanded their technology partnership which will see the former upgrade its core trading platform to Nasdaq’s most advanced matching engine. We believe this partnership will speed up the modernisation advancement of the Indonesia capitalmarket while supporting sustainable economic growth.”
The Stock Exchange of Thailand (SET) has launched a new trading system, alongside market data distribution and market surveillance systems, based on Nasdaq technology. The newly developed solution will support increasing transaction volumes and a range of investment products, while further enhancing the integrity of the market.
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 capitalmarkets vs. investment banking. The questions usually go like this: Are capitalmarkets teams (ECM, DCM, and LevFin) “real” investment banking?
Among those to have responded have been the International CapitalMarket Association (ICMA), International Securities Lending Association (ISLA) and the Association of Global Custodians (AGC). ICMA commented that progressive penalties introduces unnecessary stress to a market that is most likely already facing liquidity challenges.
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capitalmarkets 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.
Previously in his career, Paparella ran the institutional structured products Latin America desk for RBC CapitalMarkets. His proven track record, combined with his in-depth knowledge of the economic and political landscape of the LATAM region will be instrumental in delivering value to our clients.”
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 capitalmarket transactions.
The pandemic marked a seminal moment across the capitalmarkets, effectively drawing a line between the old world and the new. Outsourced trading is no longer a taboo topic. In fact, it is now firmly a part of the institutional trading ecosystem,” says Dragan Skoko, head of outsourced trading and xBK at BNY Mellon.
Following last year’s trialogues, amendments were drafted in October and final compromise texts on the revision of Mifid II sent to the chair of the European Parliament Committee on economic and monetary affairs. With today’s approval, it is now time for the European Securities and Markets Authority (ESMA) to define the technical standards.
The bank also noted a “very strong increase in the capitalmarkets platform, particularly in the Americas and EMEA”. These results are also based on the solidity of our diversified model and our capacity to pursue development in all phases of the economic cycle.
The banks appear to be in agreement that while their posted revenues demonstrate a solid foundation for continued growth, there is no accounting for the increasingly unpredictable nature of the global markets thanks to various macro and socio-economic factors. While overall markets revenues decreased 7% to $5.4
The year ahead will be busy for institutional investors and pension funds as they navigate political turbulence and speculations around when the economic cycle will shift. The post Top 3 Trends for the Institutional Investing & Pension Funds Space in 2018 appeared first on Accenture CapitalMarkets Blog.
It wasn’t until university, where I studied economics, that potential career paths became apparent. A friend suggested I consider investment banking and following a trading and sales summer placement at ABN AMRO in the City, I was instantly captivated – I had found my fit.
With the advent of an ever-more technologically innovative and globally connected capitalmarkets sphere, fixed income emerging markets (EM) have demonstrably become an increasingly appealing area of interest for investors. One key way has been through new hires to push into new regions and establish internal processes.
The FCA now has the task of preserving this sensitive balance in the detailed rules that come out next year,” Mike Carrodus, chief executive of Substantive Research, told The TRADE. “The call for a research platform is a clear indication that the market is struggling to match supply and demand effectively, despite overwhelming demand.
Unlike the capitalmarket, which caters to long-term financial needs, the money market is primarily concerned with the short-term management of liquidity and the implementation of monetary policy. Financing Trade Money markets are instrumental in financing both domestic and international trade.
Trading and Proprietary Trading Many large banks are involved in trading activities. This can be trading on behalf of their clients (like when you buy a stock through a bank's brokerage service) or proprietary trading where banks invest their own money.
ESG isn’t just a matter for large, publicly traded companies. While many people see this as merely “doing the right thing,” there is also often an economic payoff. This is particularly true if your partners are publicly traded or foreign-owned. It’s increasingly becoming a must for small and medium-sized businesses.
2022 drivers and headwinds Choppy access to capitalmarkets and financing to fund ongoing operations Many life sciences companies faced challenges raising money in the capitalmarkets in 2022. Novartis announced plans to spin off its generics and biosimilars division into a publicly traded stand-alone company.
He then worked for what are called bulge bracket investment banks, mostly in the capitalmarket space. This allows investors to access and trade private securities, giving them the opportunity to unlock the liquidity of their investments. In 2000, Richard's partner left and he left for Bear Stearns.
For institutional investors, therefore, private equity can offer exposure to fast-growing, high-potential, mid-sized private companies at a comparatively earlier stage of their growth trajectory than is available through the capitalmarkets. What is private equity and how does it work? A selection of Innovate’s food.
to one organization and as a liability to another organization and are solely taken into use for trading purposes. to one organization and as a liability to another organization and are solely taken into use for trading purposes. However, if economic winds shift unfavorably, leading to mortgage defaults, Michael could face losses.
Despite the indisputable decline in physical trading practices, it is enduring within an increasingly technological capitalmarkets world which has already put innumerable out-dated practices out of fashion. Market opinion – and moves – suggest that mourning the death of open outcry may be premature.
The staff and Commission are deeply mission-driven, focused on protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation. “[…] It’s been a great honour to serve with them, doing the people’s work, and ensuring that our capitalmarkets remain the best in the world.”
The importance of these rules can be linked to the reshaping of the regulatory environment and ultimately creating a more robust trading environment and promoting investor confidence. Sceptics argue that higher capital requirements could tighten banks’ ability to lend, which could ultimately reduce economic growth.
A series of blockbuster deals rallied the NASDAQ 100 Technology Index to trade more than 20% higher than 2019, and Q3 2020 recorded the highest global M&A deal value in the technology sector this decade. [2] The US government implemented a number of economic stimulus measures that rippled across the M&A landscape. A Look Ahead.
19 treatments from Pfizer, Merck and potentially others hitting the market soon , we expect Big Pharma to continue to parlay this cash flow into growth in other areas of strategic focus. adjusted market opportunity for a potential new use. These players have looked further afield to add new capabilities and pipeline assets.
FIS acquires post-trade platform Torstone Technology Coming in at number 10 in our 2024 most read countdown was a major merger and acquisition scoop announced at the start of the year. As revealed by The TRADE and sister publication Global Custodian in February, fintech giant acquired SaaS post-trade platform Torstone Technology.
The ADX Groups new business model aims to transform and future-proof its capitalmarket. All enhancements further boost ADXs operational readiness, attract new types of new market participants, and increase trading activities, according to the firm. Ghannam Al Mazrouei, chairman of the ADX Group.
The move is set to enhance Thailands capitalmarkets through streamlining the stock exchange, further democratising access to market data, facilitating equity issuance, and preserving market integrity. As a next step, SET will make ATLAS available to investors, further democratising access to market intelligence.
Due to the significant interconnectedness within the EU capitalmarket, a coordinated approach across the EU, involving authorities, market participants, financial market infrastructures and investors, is desirable, according to the watchdogs.
These recommendations come off the back of an Adamantia feasibility study, conducted in 2022 with a group of sell-side and buy-siders named the Adamantia initiative which sought to explore the economic viability of the EUs CTP for equities.
It is abundantly clear that data quality is non-negotiable in understanding liquidity dynamics and market microstructure. Traditionally, only quant trading firms were at the forefront of the data race, but this is changing. Matt Barrett, CEO and co-founder, Adaptive Trading technology is at a tipping point.
Jason Paltrowitz, director and EVP, corporate services, OTC Markets Group From across the pond, were bullish 2025 could be a good year for UK equities. If they can successfully deliver the economic growth touted, were confident of a warmer reception by investors for UK equities.
Bruno Lettich, global head of rates trading, Standard Chartered and Thomas Kikis and global co-head, corporate sales and head of markets, US and Americas, Standard Chartered The coming change in US administration will see a front-loaded agenda of policy change in 2025.
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