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Last week, SIFMA released its annual CapitalMarkets Fact Book, which reports comprehensive data on capitalmarkets activity generally. equity markets represent 42.6% of the $115 trillion global equity markets, with the second largest market, the EU, accounting for 11%.
On March 11, 2024, the Ontario CapitalMarkets Tribunal (Tribunal) released its reasons for dismissing Mithaq Capital Inc.'s s (Mithaq) application on December 14, 2023, to cease trade a private placement that Aimia Inc. Aimia) completed in October 2023.
Thinning of the herd: Private capital drought claims its first victims—overcrowded consumer finance and. No shortage of asset availability: Financial sponsors seizing exit opportunities, fintechs shedding non-core business lines and banks cashing-out. By: White & Case LLP
Historical Level 3 data and analytics provider BMLL has expanded its data coverage to now serve South African capitalmarkets. In December, BMLL expanded its data coverage to include the Canadian market , allowing Canadian exchange operators to analyse venue performance and liquidity dynamics against local and global peers.
Jefferies’ managing director and head of US equity distribution in Europe, Guy Trust, has left the bank after nearly a decade to join Daiwa CapitalMarkets Europe, The TRADE can reveal. The post Daiwa CapitalMarkets Europe selects former Jefferies MD for new head of equities appeared first on The TRADE.
The use of earnout provisions, which buyers and sellers often use to bridge differing views of value, is on the rise, especially in the private equity and corporate venture capitalmarkets. By: Jones Day
The global head of capitalmarkets at German asset manager DWS, Keshava Shastry, has left the business, according to two people with knowledge of the matter, The TRADE can reveal. Prior to joining Deutsche Asset Management, Shastry was employed as head of capitalmarkets at Credit Suisse Asset Management (CSAM).
NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) -- Infinite Reality (“iR” or the “Company”), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, today announced that its previously announced business combination partner, Newbury Street Acquisition Corporation (Nasdaq: NBST) (“Newbury”), has engaged BTIG, LLC (“BTIG”) as its (..)
While the ASX may not be an obvious alternative to US capitalmarkets, there are a number of reasons why the it can be attractive. A number of US companies have gone public in Australia as an alternative to a further private round in the US. By: DLA Piper
But what are their implications for capitalmarkets firms? When looking at the concept of Total Enterprise Reinvention in my recent blog , I mentioned that creating compelling technology capabilities—a central digital core—would be key for succeeding in the markets of tomorrow. Let me begin my explanation with some history.
The SECs Division of Corporation Finance (Division) anticipates that these new measures will facilitate capital formation in the U.S. capitalmarkets. Securities and Exchange Commission (SEC) announced that it is expanding the accommodations available for issuers that submit draft registration statements for nonpublic review.
In a perplexing decision, Mithaq Canada Inc (Re), the Ontario CapitalMarkets Tribunal upheld a defensive private placement by a target corporation completed in the face of a hostile bid, effectively denying shareholders the opportunity to accept a premium offer. At the time of the bid the target company, Aimia Inc.
The growth in private credit (lending by institutions other than banks) has been one of the most significant capitalmarket developments of the last decade. It is estimated that the size of the private credit market was approximately $1.5 trillion at the start of 2024 and could grow to approximately $2.8 trillion by 2028.
UBS has appointed Carlos Salcedo head of capitalmarkets financing sales Americas, according to an internal memo seen by The TRADE. The post UBS names new head of capitalmarkets financing sales for Americas appeared first on The TRADE. Hosie took up the role on an interim basis in March.
BMO CapitalMarkets has appointed Harj Bagria within its electronic trading division, The TRADE can reveal. BMO CapitalMarkets had not yet responded to a request for comment at the time of publishing. Bagria joins BMO from Credit Suisse, where he spent nearly five years.
Periculum Capital Company, LLC (Periculum) is pleased to announce it advised Hope Plumbing (Hope or the Company), an Indianapolis-based provider of residential plumbing services, in its recapitalization by Redwood Services (Redwood).
Joe Wald, BMO CapitalMarkets’ managing director and co-head of electronic trading left the bank, departing after four years in his most recent role, according to an update on his social media. The post People Moves Monday: Investec, BMO CapitalMarkets and BNP Paribas AM appeared first on The TRADE.
BMO CapitalMarkets managing director and co-head of electronic trading has left the bank, The TRADE can reveal. He also previously spent almost five years as a managing director at Knight Capital Group and 13 years as chief executive of EdgeTrade. It has been an amazing journey,” said Wald in an update.
RBC CapitalMarkets appointed Mitul Patel director, central bank sales, based in London. The post People Moves Monday: State Street Global Advisors, RBC CapitalMarkets, Fidelity Investments and more… appeared first on The TRADE.
Novobanco and Nasdaq have expanded their technology partnership, wherein Novobanco will expand its use of Nasdaqs Calypso platform to support the banks entire capitalmarket operations. Nasdaq Calypso currently supports Novobancos treasury workflows, spanning trade settlement to payment and accounting processes.
The expanded partnership will also include an extension of Nasdaq’s market surveillance partnership with IDX, alongside an agreement to enhance IDX’s index business to help foster a global capitalmarkets ecosystem. The post Indonesia Stock Exchange taps Nasdaq to build out market infrastructure appeared first on The TRADE.
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?
The London Stock Exchange Group (LSEG) achieved a strong H1 according to results released on Thursday, with growth across capitalmarkets, data and analytics, post-trade and its index business. “We Total revenue for capitalmarkets grew by just over 17% to £880 million on the back of fixed income and derivatives, among other things.
The firm said this latest approval further strengthened its support of the evolving needs of the Indian capitalmarkets. India remains a key strategic market for ION and this empanelment enhances our ability to meet the regions evolving needs. In June last year, ION received approval to become an equities trading vendor on BSE.
“Mosaic has been at the leading edge of data analytics for capitalmarkets since our inception, and the launch of Smart Markets takes our offering to the next level, introducing a new category of data product,” said Matthew Hodgson, chief executive and founder of Mosaic Smart Data.
Liquidity management service provider OptimX Markets has partnered with BMO CapitalMarkets to bring the firm’s institutional algorithmic trading flow to institutional buy-side trading desks in European markets. BMO will now offer a range of trading opportunities tailored to their institutional client base through OptimX.
Societe Generale has moved to bolster its equity capitalmarkets (ECM) offering in the US with the addition of three new individuals, according to an internal memo seen by The TRADE. The post Societe Generale Americas expands equity capitalmarkets team with three new hires appeared first on The TRADE.
Tourmaline Partners has appointed Peter Murden as managing director – equity trading, as it seeks to further enhance its market reach, The TRADE can reveal. Before the move to Tourmaline, Murden was a managing director at RBC CapitalMarkets.
As a result, policy makers have been urged to ensure that the European Union will maintain its competitiveness in the global fixed income markets, alongside preserving and potentially expanding existing liquidity in EU bond markets, which in turn will continue to ensure issuers have an effective way to finance their investment needs. “It
In my previous blog in this short series on generative AI in capitalmarkets, I gave my perspective on why gen AI is so game-changing for our industry. Here are just a few of the many applications of gen AI that could offer a potential for efficiency gains in capitalmarkets in the operations space.
I spent a lot of time in my sell-side days working as a conduit between capitalmarkets and the origination desk within investment banking as a bridge into the public side, covering hedge funds and multi strategy investment managers for anything equity-linked and credit with a cross-asset mindset. What does your role involve?
The service also supports key regulatory initiatives including EMIR, CSDR and the Securities Financing Transactions Regulation (SFTR), with the aim to help promote transparency, market integrity and the competitiveness of European capitalmarkets. “We However, the group now believes it has the correct recipe for success.
Yes, there’s great movement between firms, but when there is an individual with any sort of character flaws, that will be shared amongst senior capitalmarket individuals; thus, preventing a colleague from making a hiring decision mistake. It is the surprise element with an issue of background checks that don’t go well.
Look for more from me in this space on how firms need to be accelerating their shift to the platform of the future—what that shift must include, what is ahead of us and what firms are doing in the market to compete on innovation. This could allow firms to offer a compelling hybrid advice experience to its target groups.
Let me be very clear at the outset: my role as Head of CapitalMarkets Recruiting for H. I want to address questions I have received after making the announcement of our new affiliation with Core Wealth Search, in which I was hired as the President of this new and exciting recruiting company. Friedman Search.
The deal will further bolster FIS’ capitalmarkets technology offering, having acquired SunGard in a major deal back in 2015. Fintech giant FIS has acquired SaaS post-trade platform Torstone Technology, according to multiple sources close to the matter.
CME Group has enhanced its partnership with Google Cloud as it plans for a new private cloud region and co-location facility in Illinois aimed at bolstering its markets offering for futures and options. Ultimately, this will become the disaster recovery facility for the Illinois offering.
At Accenture’s capitalmarkets team, we’ve completed a research project into the future of capital raising. The results should be of interest for anyone in the industry—for both public and private markets. We were keen to develop some insights into the evolving landscape of financial market infrastructure.
But what does the persistent evolution of AI mean for capitalmarkets specifically? Speaking to The TRADE, Timothee Consigny, chief technology officer at H2O Asset Management, asserts that there is a definite place for artificial intelligence within capitalmarkets and the time for adoption is now.
Conary’s capitalmarkets career spans four decades, with his retirement paving the way for Kezar Markets’ continued growth plans. Elsewhere in his career, Miele held trading and financial services positions at organisations such as Fidelity CapitalMarkets and the Boston Stock Exchange.
Addressing the scale-up gap requires the removal of investment barriers, including making advancements in deepening capitalmarkets, particularly the venture capitalmarket, and targeted public interventions to jump start the market.
Going forward, Mesirow will continue to focus on growing our alternatives capabilities and core wealth management, fiduciary solutions, and capitalmarkets/investment banking offerings, which have over $300 billion in total assets under supervision.
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