JD Supra: Mergers

MAY 16, 2024

On January 24, 2024, the US Securities and Exchange Commission (SEC) adopted final rules relating to special purpose acquisition companies (SPACs) and other shell companies. By: Mintz - Securities & Capital Markets The new rules are effective on July 1, 2024.

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The TRADE

MARCH 4, 2024

The European Securities and Markets Authority (ESMA) published a consultation paper in December 2023 on the CSDR penalty regime seeking input on amendments which may include cash penalties that increase with the length of the settlement fail. On the latter, some associations felt the proposal would make Europe a less attractive market.

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JD Supra: Mergers

JUNE 11, 2024

Securities and Exchange Commission (SEC) and securities exchanges including Nasdaq and NYSE. Procopio Capital Markets and Securities practice leader Christopher Tinen addressed several key issues impacting MicroCap investors in 2024 in a live panel discussion at the Planet MicroCap Showcase in Las Vegas on April 30, 2024.

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The TRADE

FEBRUARY 2, 2024

Mark Burgess has joined commodities specialist Marex as equities trader following a 14-year stint at Winterflood Securities. Burgess joined market maker Winterflood back in 2009 and has served as European equities trader, head of European market making, and most recently UK equities trader.

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How2Exit

OCTOBER 8, 2023

rn Visit [link] rn _ rn About The Guest(s): Arthur Petropoulos is the managing partner at Hill View Partners, a firm that specializes in helping privately held companies sell themselves and secure capital. rn Key Takeaways: rn rn Hill View Partners specializes in helping privately held companies sell themselves and secure capital.

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JD Supra: Mergers

FEBRUARY 14, 2024

By: Mintz - Securities & Capital Markets We believe this is the wrong question—we view a reverse merger as "going public" during your cross-over round, rather than as an alternative to an IPO.

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The TRADE

DECEMBER 14, 2023

NAPFM, MFA, and AIMA have filed a lawsuit to the US Court of Appeals following the US Securities and Exchange Commission’s (SEC) adoption of two rules related to the requirements for reporting and public disclosure of securities loans and short selling activity.

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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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The TRADE

JULY 18, 2024

The Green Impact Exchange (GIX) is on track to becoming the first sustainability-focused securities exchange in the US to file with the US Securities and Exchange Commission (SEC), and if approved, could begin operations in early 2025. GIX will provide that.”

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JD Supra: Mergers

NOVEMBER 15, 2023

Equity REITs seeking to grow assets face a challenging interest rate environment and tepid equity capital markets for funding portfolio acquisitions. These ‘OP Unit’ deals involve nuanced securities, tax, real estate and business issues unique to the REIT.

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The TRADE

APRIL 3, 2024

The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) are working together to operate a new Digital Securities Sandbox (DSS) – a regime that will allow firms to use developing technology in the issuance, trading and settlement of securities. The DSS is expected to open applications in the summer of 2024.

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JD Supra: Mergers

MAY 24, 2024

On the same day, a second set of proposed Treasury Regulations was issued (REG-118499-23) that includes procedural rules for reporting and paying the tax, recordkeeping, and penalties (together, By: Mintz - Securities & Capital Markets

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JD Supra: Mergers

MARCH 27, 2024

Private credit and other forms of private capital have emerged as attractive alternatives to traditional bank loans and capital market offerings for many companies.

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The TRADE

FEBRUARY 13, 2024

Nasdaq has secured its first anchor client in Thailand as it looks to expand its Nasdaq Risk Platform into Asia. Nasdaq’s platform provides a live view of risk across proprietary and client trading portfolios – new functionality added at the start of Q2 last year to help traders manage extreme market conditions.

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The TRADE

JUNE 17, 2024

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 capital markets ecosystem. The post Indonesia Stock Exchange taps Nasdaq to build out market infrastructure appeared first on The TRADE.

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The TRADE

FEBRUARY 27, 2024

“This repo transaction marks a significant milestone in building liquidity for digital bonds, while reinforcing our bank’s support for the development of Hong Kong dollar capital markets.” The collaboration leverages ADX’s investment product knowledge and HSBC’s investment banking, capital markets and blockchain capabilities.

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Trading Bank Banking Capital Market 111

Global Banking & Finance

NOVEMBER 3, 2023

Successfully Navigating Credit Market Requires Relationships, Credibility and Experience By Jeff Glasse, Managing Director, Debt Capital Markets, Oberon Securities Even solid companies with long-established lender relationships are now occasionally facing uncertainty regarding their future financing and finding themselves in need of outside support. (..)

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The TRADE

FEBRUARY 27, 2024

The deal will further bolster FIS’ capital markets 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.

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The TRADE

AUGUST 15, 2023

Not-for-profit business Plato Partnership and Brazilian regulated fintech SL Tools have jointly announced a plan to bring block trading opportunities to Brazil’s securities marketplace, The TRADE can reveal. The post Plato and SL Tools to bring block trading to the Brazilian securities market appeared first on The TRADE.

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The TRADE

AUGUST 23, 2023

Northern Trust has promoted from within for its new head of global foreign exchange within its capital markets business. Dane Fannin has been named global head of global foreign exchange (GFX) and securities finance. He originally joined the bank in 2006 in a securities lending role. “We

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The TRADE

MARCH 12, 2024

Digital Asset’s blockchain network Canton has completed a pilot involving a large group of major investment banks and asset managers demonstrating interoperability of independent distributed ledger applications (dApps) in the capital markets domain.

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Accenture Capital Markets

OCTOBER 11, 2023

In my previous blog in this short series on generative AI in capital markets, 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 capital markets in the operations space.

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The TRADE

JUNE 17, 2024

Over the past year, FINBOURNE has secured new clients across global investment management, banking and capital markets which it serves including Northern Trust, Omba Advisory and the Pension Insurance Corporation (PIC). The post FINBOURNE Technology raises £55 million in Series B funding round appeared first on The TRADE.

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The TRADE

JUNE 24, 2024

UBS appointed Carlos Salcedo head of capital markets financing sales Americas, according to an internal memo seen by The TRADE. Haitong Securities appointed Dipesh Sohani director of institutional equity sales. Before joining Northern Trust Asset Management, Komoro spent six years at Mizuho Trust & Banking Co.

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The TRADE

JULY 23, 2024

Pan-European trading venue for securities Spectrum Markets has welcomed Baader Bank as a new trading member. Nicky Maan Baader Bank has been trading securities for over four decades, offering its partners and institutional investors access to capital markets through integrated trading platforms.

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The TRADE

JANUARY 11, 2024

Merlo added: “Argentina’s capital market has been subject to periods of substantial increases in transaction volumes, which has put pressure on its own technological infrastructure. This followed a similar agreement with the Chilean CSD back in 2017.

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The TRADE

JANUARY 26, 2024

What is the future outlook for AI use across capital markets? This year the market will see more generative AI use-cases go from pilots to production. Throughout 2023, we saw generative AI experimentation across the capital markets ecosystem. How is the industry adjusting to the increasing prevalence of the cloud?

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The TRADE

MARCH 28, 2024

This is a major project that will keep the UK at the forefront of technology in capital markets. This will provide the UK with the flexibility to adapt to global developments and secure a smooth transition before the end of 2027.” The report recommends a coordinated approach across the UK, EU and other European jurisdictions.

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The TRADE

DECEMBER 15, 2023

In a letter to ESMA, the Association for Financial Markets in Europe (AFME) was against the immediate shift to T+0, stating: “We emphasise that we do not consider a default T+0 settlement cycle for securities transactions to be a realistic or desirable near-term policy objective.”

Trading 119

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Business Standard - FInance

JUNE 16, 2023

Capital markets regulator Sebi on Friday restricted online bond platform providers from offering products other than listed debt securities on their platforms.

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The TRADE

JULY 31, 2023

Deutsche Bank has re-entered the local DCM in South Korea as it expands its investment banking capabilities in the region in a bid to support its local clients in accessing global debt capital markets. She joins from Mizuho Securities in Hong Kong where she was most recently head of Korea DCM.

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The TRADE

DECEMBER 28, 2023

At the time, the Swiss National Bank said that the takeover provided a solution “to secure financial stability and protect the Swiss economy in this exceptional situation”. Adam Matuszewski Based in London, Matuszewski joined the market maker as its new head of business development for EMEA.

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The TRADE

AUGUST 8, 2023

The two leading US capital markets watchdogs have come down on almost a dozen organisations over recordkeeping failures with their combined penalties totalling nearly $550 million. All 11 firms had been found to have been using longstanding “off-channel” communications following an investigation by the SEC.

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The TRADE

MAY 8, 2024

Davies brings over two decades experience in securities finance to the firm, having held various leadership positions at EquiLend, JP Morgan and BlackRock. His expertise ranges across collateral management, ETF capital markets, securities lending, and total return swaps (TRS).

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The TRADE

MAY 29, 2024

Why are these cloud providers – hugely profitable in their own right – injecting money into exchanges and seemingly competing for market share across the capital markets landscape in order to assist the trading ecosystem with their shift? But we must ask ourselves – why? An (in)convenient truth?

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The TRADE

OCTOBER 11, 2023

Philip Coleman, chief technology officer at Delta Capita, said: “Today’s launch of MACH is a clear demonstration of Delta Capita’s commitment to reinventing the financial services value chain, and being at the heart of what is an incredibly exciting next chapter for capital markets and technology innovation.

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The TRADE

AUGUST 28, 2023

Northern Trust promoted Dane Fannin as its new head of global foreign exchange (GFX)and securities finance within its capital markets business. In his new role, Fannin will be responsible for innovation and business growth across Northern Trust’s suite of GFX and securities finance solutions.

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